Business & Markets — October 12, 2026

Goldman Sachs turns bullish on stocks. Goldman strategists turned positive on global equities for the rest of the year, citing strong earnings momentum. Markets are trading near record highs heading into bank earnings week.

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Jio Platforms targets $106 billion IPO valuation. Mukesh Ambani's Jio Platforms is targeting a roughly $106 billion valuation in its initial public offering, which would be India's biggest-ever listing, sources told Reuters.

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Meta data center lifts Louisiana town. A small Louisiana town collected more sales tax revenue in 2025 than in the prior 20 years combined, as Meta's data center build-out brought in thousands of workers.

Business Insider · Read more →

Nobel economics prize goes to Hall and Woodford. U.S. economists Robert E. Hall and Michael Woodford won Monday for work on smoothing boom-and-bust cycles, underpinning models central banks use to limit unemployment and inflation.

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