Finance & Markets News Today — October 30, 2026

Major corporations are reporting significant gains in various sectors, driven by improved margins and robust demand. Energy giant BP saw its third-quarter profit nearly quadruple to $8.5 billion, fueled by a surge in refining margins. In the tech space, Amazon's cloud computing arm AWS reported 39% revenue growth, outpacing many of its peers, while storage company Sandisk saw its revenue nearly quintuple, sparking excitement about the company's future prospects and a potential stock split.

The strong performances are not uniform, however, as some companies are facing investor skepticism. Alphabet, Google's parent company, is being punished by investors, according to Jim Cramer, while Microsoft is being given a pass. Other companies, like Marvell, are seeing significant market reaction to rumors of a potential deal with Lumentum. Meanwhile, coffee chain Starbucks is set to report its earnings, with investors eagerly awaiting the results. As the earnings season continues, investors are closely watching these developments to gauge the health of various industries and make informed investment decisions.

Today's signal:
• BP’s third-quarter profit nearly quadruples to $8.5 billion as refining margins surge (cnbc.com)
• Amazon AWS posts 39% revenue growth as cloud rivals also accelerate (cnbc.com)
• Sandisk sees revenue nearly quintuple — and a stock split is on the way (marketwatch.com)
• Jim Cramer: Why investors are punishing Alphabet and giving Microsoft a pass (cnbc.com)
• Starbucks is about to report earnings. Here's what to expect (cnbc.com)
• All the reasons Marvell investors are ‘freaking out’ as Lumentum deal rumors swirl (marketwatch.com)