Sunday, November 1, 2026 · 1:13 AM ET
IPO · Bloomberg
OPay, a Nigeria-focused payments platform backed by SoftBank, halted the New York Stock Exchange IPO that was due to begin trading Friday, citing a regulatory inquiry. The fintech said the inquiry relates to a jurisdiction immaterial to its core operations and that it expects the matter to be resolved satisfactorily soon.
Markets · Bloomberg
After two weeks of Big Tech earnings, fears over heavy AI spending have deepened: Alphabet, Amazon and Meta all reported negative free cash flow following record capital investment, darkening Wall Street's outlook even for companies that normally generate steady cash.