Global Business News — October 22, 2026 — Midday Update — Last 12 Hours (Pacific Time)
Earnings season dominates as companies report strong revenue growth amid margin pressure from fuel and inflation costs. Major capital moves include Eli Lilly's $5B Virginia pharma facility groundbreaking, Lockheed Martin's 10-year F-35 production framework, and Cheniere's long-term LNG supply deal w
Mortgage Rates - 30 Yr. Fixed: 7.36% — October 22, 2026 — Today (Pacific Time)
US mortgage rates for October 22, 2026: 30-Yr Fixed at 7.36% (-0.04% daily, +0.03% weekly). 15-Yr Fixed at 7.00%. Full rate table and trends inside.
Stock Market News — October 22, 2026 — Morning Update — Last 12 Hours (Pacific Time)
Nasdaq plunges 2%+ as AI spending skepticism overwhelms earnings beats from Meta, Tesla, IBM, and Lam Research—investors demand proof that massive capex translates to returns. Global selloff spreads to China's CSI 300 and Europe as short sellers pocket $6B betting against neocloud stocks.