Finance & Markets News Today — October 15, 2026
I’m 64 years old, with two sons, but only one works in the family firm. Should I leave him 70% of the business? and more — today's news signal.
Global economic trends are showing a mixed picture today. On one hand, the UK economy reported a 0.1% growth in August, surpassing expectations and offering a glimmer of hope for a sluggish economy. In contrast, tech giants are pushing forward with significant developments. TSMC, a leading chip foundry, reported a record profit and its CEO expressed optimism about the industry's future, seeing no signs of a slowdown.
The tech sector is also abuzz with major fundraising and investment news. Anthropic, ahead of its IPO, reportedly achieved a third-quarter revenue of $16.8 billion. Similarly, Jio Platforms, backed by Meta and Google, is set to raise up to $3.2 billion in a historic IPO in India. These significant investments and revenue milestones underscore the ongoing dynamism in the tech industry. Meanwhile, family businesses and entrepreneurs are also grappling with strategic decisions, such as succession planning and equity distribution, as seen in the query about allocating 70% of a family firm to one son.
Today's signal:
• I’m 64 years old, with two sons, but only one works in the family firm. Should I leave him 70% of the business? (marketwatch.com)
• TSMC CEO sees no sign of a slowdown as chip foundry reports record profit (marketwatch.com)
• UK economy grew 0.1% in August, beating expectations (cnbc.com)
• From 'Dune' to 'Wicker,' how this ‘tiny’ European country became a hub for Hollywood (cnbc.com)
• Anthropic's third-quarter revenue is said to hit $16.8 billion ahead of IPO (cnbc.com)
• Meta- and Google-backed Jio Platforms to raise up to $3.2 billion in historic IPO in India (cnbc.com)