Newswire · Markets · Sat, Oct 24, 2026
SpaceX says a Tesla merger would need Elon Musk's approval
SpaceX disclosed on Oct 22 that a potential union with Tesla requires sign-off from Musk, its controlling investor. Musk had said on Oct 20 that special committees were formed to discuss a combination.
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SpaceX flags Musk approval as a condition for any Tesla merger
SpaceX disclosed on Oct 22 that a potential merger with Tesla would require approval from its controlling investor, Elon Musk. The disclosure came days after Musk said he cannot take part in the discussions of the special committees. Musk had said on Tuesday that combining SpaceX and Tesla would be a good idea and that committees had been formed to discuss a union. In a Yahoo Finance interview on Oct 23, investor Jared Carmel described the companies as effectively one business, pointing to compute and power as the core of the case, including the Colossus data center that came with xAI's fold-in to SpaceX.
Why it mattersA Tesla–SpaceX combination would reshape one of the largest Musk-controlled holdings. Control and approval mechanics will matter to Tesla shareholders weighing any deal.
Google's privacy update opens Gmail and Photos data to ad personalization
Google changed its privacy policy on Oct 16, adding an exception to its pledge not to use Drive, Gmail or Google Photos data for personalized ads. The exception applies when users choose to make that data available to other Google services that support personalized ads. Users who linked those apps to AI Mode and other Search tools through the Personal Intelligence feature may now see ads shaped by that content. Google says advertisers do not get access to the underlying data or to personal details such as name or email, and it will not target on sensitive categories such as health. Users can disconnect apps or turn off personalized recommendations.
Why it mattersGoogle is tying AI personalization more closely to its ad business, which raises privacy and regulatory questions for a core revenue stream.
Goldman Sachs upgraded to Buy after strong third quarter
Freedom Broker raised Goldman Sachs to Buy from Hold on Oct 23, citing what it called the second-best quarter on record. The firm said Goldman beat market expectations again in the third quarter, with EPS of $17.01, which it put at 31% above consensus, or $18 on an adjusted basis. The upgrade follows the bank's third-quarter results and adds to the focus on large banks' earnings momentum.
Why it mattersAn upgrade after a large earnings beat signals analyst confidence in Wall Street trading and advisory results at a major bank.
Meta delays commercial terms change after publisher backlash
Meta pushed back the effective date of updated Commercial Terms and Self-Serve Ad Terms by three weeks, from Oct 30 to Nov 20. Critics say the language would give Meta broad authority to crawl and scrape web content tied to business accounts. The delay came a day after a major news-publisher trade group wrote to Mark Zuckerberg demanding the terms be withdrawn. Fast Company reported the contested wording appeared unchanged. A Meta spokesperson said the extension allows more time to explain the changes, and that content owners can still use robots.txt to signal preferences.
Why it mattersHow Meta handles content crawling for AI affects publishers and advertisers and could invite further scrutiny of data-use terms.
AI-linked shares weigh on Wall Street while oil climbs
Wall Street faced fresh concern around AI-linked shares, with technology and semiconductor names under scrutiny while other groups showed relative resilience, Kalkine Media reported on Oct 23. Oil prices moved higher and Treasury yields retreated, keeping Exxon Mobil in focus. A Yahoo Finance market wrap dated Oct 23 said the Dow ended the week higher despite a Friday tumble, while the Nasdaq and S&P 500 logged weekly losses.
Why it mattersA split between pressured tech and steadier energy and value groups shows where investors are rotating as AI worries build.
Data behind the stories
On Oct 22, QQQ closed at $704.47, down 2.86%, and SPY closed at $763.96, down 1.18%, while DIA edged up 0.04%. GOOGL fell 3.15% and MSFT fell 2.23%, in line with the tech-led pressure described in the market coverage.
What to watch
- Meta's updated Commercial Terms and Self-Serve Ad Terms are now set to take effect on Nov 20. Fast Company
- Microsoft's cash dividend of $0.98 has an ex-date of Nov 19, 2026. Yahoo Finance Singapore
- Hyperscalers are due to report earnings next week, with investors watching for any further capital-spending cuts. Yahoo Finance
Key takeaways
- SpaceX says any Tesla merger needs approval from Elon Musk, who has said he cannot join the special committees' talks.
- Google's Oct 16 policy change lets Gmail, Drive and Photos content inform ads for users who link them to AI features.
- Tech led Oct 22 losses, with QQQ down 2.86%, while the Dow ETF was roughly flat.
FAQ
Does a SpaceX–Tesla merger need Elon Musk's approval?
Yes. SpaceX disclosed on Oct 22 that a potential merger with Tesla requires approval from its controlling investor, Elon Musk. He has said he cannot be in the special committees' discussions, and that a merger would be a good idea.
Can Google use Gmail and Google Photos data for targeted ads?
Under the policy updated on Oct 16, it can if you choose to make data from those services available to other Google services that support personalized ads. Users can disconnect apps or disable Personalized Recommendations.
When do Meta's new commercial terms take effect?
Meta moved the effective date from Oct 30 to Nov 20. The company said it wants more time to explain the changes to partners, and that content owners can still use robots.txt to signal preferences.
The wire
Every item considered for this digest, newest first — published within 48h of 2026-10-24 00:42 UTC.
- Bank of America May Need a New CEO Barron's · 2026-10-23 17:03
- Now Google says it might use your Gmail and Google Photos data to target ads The Verge · 2026-10-23 16:52
- Donald Trump Says Google CEO Refused His Idea to Rename the Atlantic Ocean Yahoo · 2026-10-23 16:47
- Microsoft Corporation (MSFT) stock price, news, quote and history Yahoo Finance Singapore · 2026-10-23 14:56
- Could Elon Musk merge Tesla and SpaceX? Yahoo Finance · 2026-10-23 14:35
- Goldman Sachs raised to Buy at Freedom Broker (GS:NYSE) Seeking Alpha · 2026-10-23 14:25
- Meta quietly delays controversial update that critics say will allow website scraping Fast Company · 2026-10-23 13:21
- Why Is Exxon Mobil (NYSE:XOM) in Focus as Oil Prices Climb Today? Kalkine Media · 2026-10-23 12:07
- Markets News, Oct. 23, 2026: Dow Ends Week Higher Despite Friday Tumble; Nasdaq, S&P 500 Log Weekly Losses finance.yahoo.com · 2026-10-23 10:00
- Trump promised lower gas and grocery prices. Here’s what voters got instead. nbcnews.com · 2026-10-23 09:00
- SpaceX says Tesla merger would need Musk's approval Yahoo Finance · 2026-10-22 20:52 · +1 outlets
- If You Invest $1,000 in Amazon Each Month Starting Now, This is What You’d Have in 5 Years Yahoo Finance · 2026-10-22 15:00 · +1 outlets
How this digest is made. Headlines and article text come from the AISA Financial News and Tavily APIs; only items published in the last 48 hours are eligible, and duplicates across outlets are merged. A language model writes the summaries strictly from those texts and the live market data shown — every story links to its sources. Market data: AISA Financial, CoinGecko, Polymarket and Macro APIs.
Sources & citations
- SpaceX says Tesla merger would need Musk's approval Yahoo Finance · 2026-10-22
- Could Elon Musk merge Tesla and SpaceX? Yahoo Finance · 2026-10-23
- Now Google says it might use your Gmail and Google Photos data to target ads The Verge · 2026-10-23
- Goldman Sachs raised to Buy at Freedom Broker (GS:NYSE) Seeking Alpha · 2026-10-23
- Meta quietly delays controversial update that critics say will allow website scraping Fast Company · 2026-10-23
- Why Is Exxon Mobil (NYSE:XOM) in Focus as Oil Prices Climb Today? Kalkine Media · 2026-10-23
- Markets News, Oct. 23, 2026: Dow Ends Week Higher Despite Friday Tumble; Nasdaq, S&P 500 Log Weekly Losses finance.yahoo.com · 2026-10-23