Robert Hochberg appointed to Cantor Equity Partners V board, joins audit and compensation committees

HDFC Bank deputy managing director Kaizad Bharucha will step down by December 31, 2026. The bank's board approved his request, which will be sent to the RBI for approval. Bharucha was a candidate for the CEO role, but faced tenure constraints.

Ralph Lauren (RL) is outperforming the struggling retail sector due to resilient high-income customers. Bank of America analyst Kendall Toscano maintained a Buy rating and $450 price target, citing steady demand and strong growth in Asia. RL beat Q1 earnings expectations by 7% and is expected to report another strong quarter in November. Shipping costs, up 8%, are less impactful on RL due to fixed pricing agreements.

Boeing won contracts for the US Air Force's F-47 and Navy's F/A-XX sixth-generation fighter jets, making it the sole supplier for both. The Pentagon's reliance on a single contractor raises concerns about potential risks and delays.

MSCI adopted new rules that could remove Strategy (MSTR) and Metaplanet from its indexes. Companies with mainly investment assets may be ineligible. Final decisions are due 11 November. JPMorgan estimates $2.8B outflows if MSTR is excluded. MSTR holds 848,250 BTC, worth $69.67B. MSTR shares are down 72% from their 2024 high.

Japan will invest up to $21bn in two New York chip factories operated by GlobalFoundries, part of a $550bn US investment deal. The US will take a stake, but Japan will provide all capital. GlobalFoundries, majority-owned by Mubadala, will earn fees and license tech. The US will also take a 4% stake in GlobalFoundries, bringing total ownership to ~7%. Initial customers include Renesas and Apple. Japan has already committed over $100bn to US projects.

AT&T has finalized a $177 million settlement for two 2024 data breaches, with payments up to $7,500 for affected customers. The settlement, approved on October 2, 2026, includes $149 million for the first breach and $28 million for the second. Eligible customers who filed claims by December 18, 2025, will receive payments, with the maximum payout for documented losses. The settlement does not admit wrongdoing by AT&T.