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More →Brazil’s Stock Market Crashes After Lula’s Upset Victory
Brazil’s stock market lost more than $200 billion in value at the open on Monday after President Luiz Inácio Lula da Silva beat Senator Flávio Bolsonaro in Sunday’s runoff, a result that prediction markets had priced at roughly a one in five chance. The iShares MSCI Brazil ETF, ticker EWZ, a basket of Brazilian stocks that trades in New York like a single share, fell as much as 26% from Friday’s close of about $42.60, touching $31.40 before trimming the loss to about 23% at $32.84 by 10:38 a.m. ET. That is memecoin-sized volatility for a fund built around Brazil’s biggest companies, and it leaves EWZ roughly where it started 2026 after a 34% gain through Friday. The dollar rose as much as 12% against the real on Friday, while the Ibovespa, Brazil’s benchmark stock index, fell as much as 17% to about 170,000 points. For a dollar-based investor, those moves at their worst combine to a loss of about 26%, in line with the ETF’s low. B3, the São Paulo exchange, halted trading for 30 minutes after the Ibovespa fell 10% from Friday’s close, its first circuit breaker since the COVID-19 pandemic. A circuit breaker is an automatic pause meant to slow panic selling, but the index kept sliding after trading resumed. Investors had been positioning for the opposite result since Bolsonaro unexpectedly finished first in the Oct. 4 first round, with 47.03% of valid votes to Lula’s 45.16%. The Ibovespa jumped 7.85% the next day and EWZ gained more than 10% on bets that Bolsonaro would tighten public finances and open the way to lower interest rates. Monday’s drop erased that rally and, at its lows, left the Ibovespa about 11% below its Oct. 2 close. But Lula didn’t just beat Bolsonaro, he also beat prediction markets. Polymarket gave Bolsonaro an<a href="https://x.com/Polymarket/status/2114003200017575948" target="_blank" rel="nofollow external noopener" class="sc-adb616fe-0 dJryYS">> 82% chance</a> of winning the day before the vote, and Kalshi had him near 80% on Sunday morning. Both platforms are<a href="https://decrypt.co/resources/what-are-decentralized-prediction-markets-myriad-polymarket-kalshi" target="_blank" class="sc-adb616fe-0 dJryYS" rel="nofollow"> prediction markets</a>, where a contract that pays $1 if a candidate wins trades at 80 cents when traders see an 80% chance. Polling pointed to a coin flip rather than a favorite, with the latest Datafolha survey tied at 50% each among valid votes and CNT/MDA showing Bolsonaro ahead 50.5% to 49.5% in mid-October. Lula won 51.79% to 48.21%, a margin of about 4.4 million votes, according to Brazil’s Superior Electoral Court. Bolsonaro said on Sunday night that he does not recognize the result and will ask the courts to annul the election, after pledging in August to respect the outcome. He objected to Supreme Court Justice Cristiano Zanin’s decision to extend voting until 7 p.m. at the request of Lula’s campaign, which he said changed the rules midgame. His own campaign had separately asked for extr
According to Israel's i24News: Voting in Israel's election will end at 10 PM local time on Tuesday night.
According to i24News of Israel: Voting in Israel's general election will end at 10 p.m. local time on Tuesday, CoinWorld reports.
Meta Platforms: Common stock offering upsized to $25 billion
CoinWorld news, Meta Platforms (META.O) announced that it has upsized its common stock offering from the previously announced $22.5 billion to $25 billion.
Meta Platforms: Class A common stock offering priced at $625 per share
CoinWorld news, Meta Platforms (META.O) announced that the pricing of its Class A common stock offering linked to forward sale agreements is set at $625 per share.
Microsoft offers voluntary departure to 60,000 employees, including Copilot, with some data center positions excluded.
BiJie Network news: Microsoft announced that it is offering voluntary departure to approximately 60,000 employees in some departments in the United States, Canada, the United Kingdom, and India, equivalent to 27% of its total global workforce. The list includes Xbox, Windows, finance, and human resources departments, and also includes the Copilot and AI experiences teams. Some data center positions and sales and marketing departments were excluded. This round sets no age or seniority thresholds, and some vice president-level employees are also eligible to apply. Compensation generally follows the standard severance plan, and employees must decide by early December and leave by the end of the year. This is Microsoft's second voluntary departure program this year, and the acceptance rate is expected to be significantly lower than in the previous round, but no target number of departures was disclosed.
Meta Platforms announced the pricing of its depositary shares offering at $50 per share.
CoinWorld news: Meta Platforms (META.O) announced that its depositary shares offering was priced at $50 per share.
Ethereum ETFs saw a net outflow of $88.57 million, with a net inflow of $5.048 million so far in 2026.
CoinWorld data: On October 26, Ethereum ETFs saw a net outflow of $88.57 million, with a cumulative net outflow of $1.26 billion month-to-date and a net inflow of $5.048 million year-to-date in 2026. Specifically, BlackRock's $ETHA had a net outflow of $104.7 million, Grayscale's $ETH and $ETHE were both at 0, Fidelity's $FETH had a net inflow of $16.13 million, and other ETFs also saw no capital inflows.
Bitcoin ETF total net inflows reached $110.3 million, with net inflows of $730.6 million year-to-date in 2026.
BiJie Network data: On October 26, total net inflows into Bitcoin ETFs were $110.3 million, with net outflows of $1.998 million month-to-date and net inflows of $7.306 million year-to-date in 2026. Specifically, BlackRock's IBIT contributed $110.3 million, while others such as Fidelity's FBTC, Grayscale's GBTC, and Bitwise's BITB all recorded 0.
BlackRock's Bitcoin ETF saw a single-day net inflow of 1,380 BTC, with year-to-date inflows exceeding $4 billion.
According to data from Bijie.com: BlackRock's Bitcoin ETF ($IBIT) recorded a net inflow of 1,380 bitcoins on October 26, equivalent to approximately $110.3 million at current prices, with trading volume reaching $1.4 billion. BlackRock currently holds a total of 811,160 bitcoins, with a net inflow of $865.4 million month-to-date and a net inflow of more than $4.07 billion year-to-date in 2026.
Cui Dongshu: The profit margin of the automotive industry from January to September 2026 was 3.3%.
According to Coin World news, Cui Dongshu wrote that from January to September 2026, industrial enterprises above designated size achieved operating revenue of 106.21 trillion yuan, a year-on-year increase of 6.6%; operating costs were 90.30 trillion yuan, up 6.1%; and the operating revenue profit margin was 5.68%, up 0.44 percentage points year on year. Profit growth in the electronics industry, driven by artificial intelligence, was significant, and profits in upstream raw material industries grew rapidly, greatly promoting the improvement of overall industry profits. However, the automotive industry faces the dual pressure of rising costs and weak demand, and its profitability performance is poor. From January to September 2026, automobile production was 23.37 million units, down 4% year on year; revenue was 80,435 billion yuan, up 2.6%; costs were 71,627 billion yuan, up 3.8%; profit was 267.5 billion yuan, down 23%; and the sales profit margin was 3.3%. Among them, in September, automobile production was 3.06 million units; sales revenue was 10,374 billion yuan, up 0.6%; costs were 9,257 billion yuan, up 2.5%; profit was 14.2 billion yuan, down 68%; and the sales profit margin fell to 1.4%, at a low level for nearly four years.