OTC Markets Group Welcomes Tectonic Metals Inc. to OTCQX

American Express plans to cut about 3,500 jobs, or roughly 4.5% of its workforce, according to a company spokesperson. CEO Stephen J. Squeri previously estimated 5% cuts. The company reported a $336 million pretax restructuring charge in Q3, alongside a 28% rise in net income to $3.712 billion and 9% revenue growth to $20.062 billion. The company raised its full-year earnings-per-share outlook.

Nebius Group N.V. secured a $3.5B credit facility from Citi for infrastructure spending, with pricing starting at Term SOFR + 2.75%. The company also has $5.75B in convertible notes, which could lead to share dilution. Additionally, Nebius plans to exchange $800M in notes for shares. As of June 30, it had $10.04B in convertible-note principal and $8.04B in cash.

Barclays rated Banco Santander (SAN) Overweight with a €14.50 target, citing it as their top Spanish bank pick. The bank warns of a ~10bp capital hit in Q3 if sovereign yields rise 10bp, potentially delaying buybacks. Santander will pay a €0.127 dividend per ADR on Nov 2, with Oct 29 as the record date.

PNC Financial Services (PNC) raised $1.5 billion via senior notes on October 23, 2026, including $1.2 billion fixed-to-floating notes at 5.463% until 2028 and $300 million floating-rate notes. The notes mature in 2029 and are unsecured obligations of the parent company. Underwriters included PNC Capital Markets, Citigroup, and Morgan Stanley.

American Express (AXP) filed an 8-K with the SEC on October 23, 2026, disclosing corporate changes and voting matters. The filing includes exhibits related to the changes. Investors should review the details for potential impacts on the company's governance and operations.

American Express (AXP) plans to cut 5% of its global workforce (about 3,800 employees) to streamline operations and invest in AI. The company reported Q3 2026 revenue and net income growth but booked a ¥53 billion ($336M) restructuring charge.