Brief: Wednesday, 14 October 2026

More US bank results came in lately: Wells Fargo beat on profit but missed on revenue, Morgan Stanley's share trading jumped about 41%, and BlackRock reported record assets of $15.5 trillion. Elsewhere, Netflix is reported to be cutting about 6% of staff, Meta launched its Muse Wonder AI models and Microsoft unveiled its Maia 300 AI chip.

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Wells Fargo (WFC): Q3 EPS beats at $1.87 but revenue misses estimates

Wells Fargo earned $1.87 a share in Q3, up 13% on a year ago and ahead of the $1.84 analysts expected. Net income was $5.95B, up 6%. Revenue of…

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Netflix (NFLX): Cuts about 6% of staff, roughly 1,000 jobs, as viewing growth slows. Netflix is cutting about 6% of its staff, roughly 1,000 jobs, its biggest round of cuts since 2022, the Wall Street Journal reports. Most cuts hit…
Morgan Stanley (MS): Q3 profit up as share trading jumps 41%. Morgan Stanley made $4.9bn in profit in Q3, up from $4.6bn a year ago, or $3.03 per share versus $2.80. Sales rose 12% to $20.3bn. Trading in shares…
BlackRock (BLK): Q3 profit beats as assets hit $15.5 trillion. BlackRock's Q3 adjusted EPS rose 38% to $15.93 on revenue of $7.75bn, up 19%, with $205bn of net inflows and assets at a record $15.5tn. Shares rose…
Meta Platforms (META): Launches Muse Wonder, its first frontier-class AI models. Meta has launched Muse Wonder and Muse Wonder Full, which it calls its most capable AI models yet, and shares rose about 4% on launch day. Benchmark…
Microsoft (MSFT): Unveils Maia 300, its third-generation AI chip. Microsoft unveiled Maia 300, its third-generation in-house AI accelerator, at the OCP Global Summit. It plans 96 chips per rack, production from…

UK Personal Finance tip: Marriage Allowance: sharing unused tax-free income

Marriage Allowance lets one partner give up £1,260 of their Personal Allowance to the other, cutting the receiving partner's Income Tax by up to £252 in 2026/27. It is for married couples and civil partners, where the giver has income below their Personal Allowance and the receiver pays basic rate tax.

Read the full guide: Marriage Allowance in 2026/27: how it works and who can use it