Easing Trade Tensions, U.S. Stock and Crypto Markets Rally

11:10 AM EDT, 10/07/2026 (MT Newswires) -- TD Synnex (SNX) said Wednesday it agreed to acquire BlueStar, a specialty technology distributor. Financial terms of the transaction were not disclosed. The deal will combine BlueStar's specialized expertise and portfolio with TD Synnex's global reach and resources, expanding opportunities for customers and vendors. TD Synnex and BlueStar will continue operating independently until the transaction closes. Shares of TD Synnex were down more than 2% in Wednesday trading. Price: 272.39, Change: -6.00, Percent Change: -2.15

Venture Firm Behind Chip Startup Groq Targets $10 Billion Megafund Winning bets on hot AI startups are vaulting a little-known Dallas firm into a small group of firms raising gigantic funds. ---- How one trend-following fund outperformed rivals by bringing humans back into the decision-making process One trend-following fund has outperformed rivals this year by deciding to take profits. ---- Financial Services Roundup: Market Talk Find insight on Tower, Banco Santander and more in the latest Market Talks covering financial services. ---- Wall Street Bonuses Are Expected to Hit Another High This Year New York reports that the industry is now on pace for $90 billion in profits this year, leading to higher compensation. ---- Fintech Plaid Bets on Credit Scores to Fuel Next Phase of Growth EXCLUSIVE: Plaid is doubling down on its credit-scoring business with new AI models as the company aims to chart its next era of growth with a suite of products beyond its core business. ---- Companies Raise More Than $1 Trillion in Equity Markets, But AI, Bond Yields Sour Mood Markets had been expecting a bumper quarter following an ebullient start to the year crowned by SpaceX's record-breaking IPO. ---- Forbion Raises $2.6 Billion in Boost to European Biotech Industry Dutch haul comes despite European drugmakers and investors warning the region is losing ground. ---- Hackers Use Chinese AI Tool to Hit South Korean Banks, Exposing New Risk The attacks were the latest to highlight the vulnerability of even hardened targets to hackers using freely available artificial-intelligence tools. ---- KKR Strikes Deal to Buy Private-Capital Fund Administrator Gen II Private-capital funds have proliferated in recent years as investors seek to reduce reliance on public markets. ---- NYSE Owner Launches Gold Futures in London The contract began trading Monday alongside new futures for silver, platinum and palladium. ---- Dan Ives Launches Another AI Fund Amid Conflict of Interest Questions A new closed-end fund carrying Dan Ives' name seizes o

On October 7th, the real estate software company AppFolio (APPF.O) saw its shares drop by 6.6% to $189.87 on Wednesday, after UBS downgraded its rating from "Buy" to "Neutral," citing slower unit growth and a more balanced risk-reward ratio. The brokerage raised its price target by $20 to $220, while LSEG data shows the Wall Street median price target at $230.81. UBS stated that a tightening multifamily housing market, rising interest rates, and financing constraints could slow user growth, thus lowering the expected FY2027 average revenue per user (ARPU) growth from 6.3% to 5.5%. UBS added that AppFolio's AI and value-added services may still provide upside potential, but product adoption appears to be in the early stages, and client feedback on some services has been mixed. UBS notes that the target price increase is based on raising the FY2028 enterprise value/free cash flow (EV/FCF) multiple from 16x to 18.5x, stating, "Given its higher growth potential, this valuation still remains slightly above re-rated industry peers." Out of ten analysts, eight have a "Strong Buy" or "Buy" rating, while two rate it "Hold." The stock's decline means it is down about 18% year-to-date, significantly underperforming the S&P 400 Software & Services Index's 25% gain. (For the convenience of non-English speakers, Reuters automatically translates its reports into several other languages. Since automated translation may contain errors or lack the intended context, Reuters does not guarantee the accuracy of automated translation texts, which are provided solely for readers’ convenience. Reuters accepts no responsibility for any damage or loss caused by the use of automated translation services.)

European bank stocks faced another round of sell-off on Wednesday, with Societe Generale and Deutsche Bank shares both dropping by more than 5% at one point.