DoorDash has agreed to acquire Instacart in a deal valued at about $17 billion, paying $65 per Instacart share, a 26% premium over the 22 Oct closing price. Both boards approved the transaction, which is 75% cash. The combination would bring together the two largest US grocery delivery services. Instacart will keep its brand and app, and users gain access to more than 50,000 additional stores. The deal is expected to close by late 2027 or early 2028, subject to regulatory approval, and antitrust scrutiny could affect it.
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3 stories since 28 October 2026, newest first
30 October 2026
29 October 2026
Microsoft announced a reduction of its full‑year capital expenditure target to $170 billion, down from $175 billion, while reporting $18.6 billion in free cash flow that beat expectations. Alphabet disclosed a negative free cash flow of over $9 billion for the third quarter, causing its shares to tumble between 8% and 10% in after‑hours trading. In the same period, Azure revenue grew 48% and Google Cloud revenue topped $30 billion, surpassing forecasts. Both firms face AI‑related spending pressures, with Alphabet revealing $98.5 billion in contingent AI commitments.
28 October 2026
The European Central Bank kept its deposit rate unchanged at 2.5 percent on 29 Oct, with the Governing Council deciding unanimously to hold. Eurozone headline inflation rose to 3.8 percent in September, its highest level since September 2023, driven by energy prices that climbed 18.8 percent amid Middle East turbulence. The ECB said risks to inflation are skewed to the upside. Christine Lagarde, the ECB president, announced she will step down early in February 2027. Markets priced in about a 67 percent chance of a rate increase in December.