SpaceX is reportedly seeking $40 billion in financing to buy Nvidia chips, including about $10 billion in bank loans and $30 billion in investment-grade debt, with completion expected during 2027. The company’s second-quarter revenue rose 92% year over year to $7.81 billion, while adjusted EBITDA jumped 191% to $3.54 billion. Analyst Daniel Ives initiated coverage with an Outperform rating and a $225 price target.

Nifty 500 constituents opened mixed, with PTC Industries rising more than 4% and hitting a record high after launching a QIP to raise up to ₹1,800 crore. Titan Company fell even after releasing a strong second-quarter business update. Chennai Petroleum gained as much as 4.5% and was up more than 73% since the beginning of the year, while Prime Focus dropped more than 5%.

HSBC is planning sweeping job cuts in its UK wealth management business, with about half of management and specialist roles set to go and reductions among financial advisers potentially reaching around 70%. The move is part of new Chief Executive Georges Elhedery’s AI-focused strategy since he took over in 2024, aimed at simplifying operations and improving efficiency through technology. The overhaul is expected to significantly reshape how the bank delivers wealth management services in the UK.

Credit-scoring company Fair Isaac (FICO) said it will cut nearly 15% of its workforce, affecting about 570 employees, as part of a broader restructuring focused on AI. The company said the changes are intended to speed up operations and bring new products to market faster. It said the shift should help it “operate and bring innovations to market faster,” according to Reuters.

About 1.6 billion XRP has flowed into Binance over the past 30 days, marking the highest monthly inflow since March, according to CryptoQuant. Over the same period, Binance led September XRP futures trading volume at about $32.36 billion, ahead of Bybit at roughly $12.5 billion and OKX at around $11.32 billion. Analyst Ali Martinez is watching the $1.50 level and says that if it holds as support, XRP could have room to move toward $1.62.

In the third quarter of 2026, TRON sustained steady on-chain activity rather than a short-lived surge followed by a pullback. September averaged about 4.4 million daily active accounts, with daily transactions ranging from 10 to 13 million and total accounts surpassing 405 million. USDT supply on TRON rose from more than $90 billion in early July to over $94 billion by September, making up nearly all of the network’s roughly $94.5 billion stablecoin total. Since the start of the year, about $6 trillion has been transferred on the network—nearly $25 billion per day on average—while transactions consume Bandwidth and Energy and burn TRX for fees when resources are insufficient.

Indian shares are expected to open lower on Wednesday, with markets widely pricing in a 25-basis-point rate hike by the Reserve Bank of India to counter persistent inflation pressures tied to the war in the Middle East. Since the RBI paused rate increases on Aug. 5, the Nifty 50 has fallen 7.5%, weighed by higher oil prices, rising U.S. bond yields and foreign outflows. Investors will closely watch Governor Sanjay Malhotra’s remarks on inflation risks for clues on the future path of rates.

Arena REIT said tenant Edge Early Learning has entered administration and begun an asset sale process. Goodstart Early Learning has struck a conditional deal to buy 31 Edge operations, including 20 of the 27 early learning centres Arena owns and leases to Edge. Arena said it is still receiving rent across all 27 properties and holds about A$4 million in bank guarantees and security deposits. The remaining seven Arena-owned centres leased to Edge are being marketed for sale separately.