{"id":73740,"date":"2026-10-28T06:38:18","date_gmt":"2026-10-28T10:38:18","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/ge-spin-offs-surge-on-q3-beats-spain-train-collision-leaves-30-dead\/73740\/"},"modified":"2026-10-28T06:38:18","modified_gmt":"2026-10-28T10:38:18","slug":"ge-spin-offs-surge-on-q3-beats-spain-train-collision-leaves-30-dead","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/ge-spin-offs-surge-on-q3-beats-spain-train-collision-leaves-30-dead\/73740\/","title":{"rendered":"GE Spin-offs Surge on Q3 Beats; Spain Train Collision Leaves 30 Dead"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>GE Vernova (<a href=\"\/stock\/GEV\">GEV<\/a>)<\/strong> delivered a massive Q3 beat with <strong>$12.64 billion<\/strong> in revenue and doubled its share buyback program to <strong>$20 billion<\/strong>, driven by &quot;red hot&quot; AI power demand.<\/li>\n<li><strong>GE HealthCare (<a href=\"\/stock\/GEHC\">GEHC<\/a>)<\/strong> raised its full-year guidance after reporting an adjusted EPS of <strong>$1.34<\/strong>, significantly topping analyst estimates of $1.21.<\/li>\n<li>A catastrophic high-speed train collision in <strong>Toledo, Spain<\/strong>, has resulted in at least <strong>30 fatalities<\/strong>, according to regional government reports.<\/li>\n<li>The <strong>London Metal Exchange (LME)<\/strong> deferred the settlement of all physical contracts due to a &quot;downstream processing&quot; technical failure that corrupted trade data.<\/li>\n<li>Global markets are bracing for a &quot;triple-threat&quot; of central bank and fiscal news today, including the <strong>Fed&#39;s rate decision<\/strong>, the <strong>Bank of Canada&#39;s decision<\/strong>, and the <strong>UK Autumn Budget<\/strong>.<\/li>\n<\/ul>\n<hr>\n<h2>GE Power and Health Units Shine in Q3<\/h2>\n<p><strong>GE Vernova (<a href=\"\/stock\/GEV\">GEV<\/a>)<\/strong> shares are in focus after the energy giant reported third-quarter revenue of <strong>$12.64 billion<\/strong>, comfortably beating the $11.99 billion consensus. The company&#39;s <strong>Adjusted EBITDA<\/strong> reached <strong>$1.94 billion<\/strong>, supported by what analysts describe as an &quot;electricity supercycle&quot; fueled by AI data center demand. In a major show of confidence, the board authorized a massive increase in its share repurchase program, boosting it to <strong>$20 billion<\/strong> from the previous $10 billion. Additionally, the company announced a <strong>$9 billion<\/strong> definitive agreement to acquire <strong>Trench Group<\/strong>, a leader in high-voltage grid equipment, to further capitalize on grid modernization.<\/p>\n<p><strong>GE HealthCare (<a href=\"\/stock\/GEHC\">GEHC<\/a>)<\/strong> also outperformed expectations, reporting Q3 revenue of <strong>$5.5 billion<\/strong> against estimates of $5.35 billion. The medical technology firm saw its <strong>Adjusted EBIT<\/strong> rise to <strong>$913 million<\/strong>, prompting management to raise its full-year Adjusted EPS guidance to a range of <strong>$4.95 to $5.05<\/strong>. CEO Peter Arduini cited strong &quot;commercial execution&quot; and the continued adoption of AI-enabled healthcare innovations as primary drivers for the quarter&#39;s growth.<\/p>\n<h2>Deadly High-Speed Rail Disaster in Spain<\/h2>\n<p>Tragedy struck central Spain on Wednesday morning as two high-speed trains collided in the province of <strong>Toledo<\/strong>. Regional government officials have confirmed that at least <strong>30 people are dead<\/strong>, with the death toll expected to rise as emergency crews work through the wreckage. The accident reportedly involved a rear-end collision between a state-owned <strong>Renfe<\/strong> train and a private <strong>Iryo<\/strong> service, both traveling from Madrid toward Seville. High-speed rail services between the capital and the southern region of Andalusia have been indefinitely suspended.<\/p>\n<h2>LME Technical Glitch Halts Settlements<\/h2>\n<p>The <strong>London Metal Exchange (LME)<\/strong> has taken the rare step of deferring all physically settled contracts originally due on October 28 to the following business day. The exchange cited &quot;technological disruptions&quot; in its downstream systems that caused trades to be recorded with incorrect prompt dates. While electronic trading on <strong>LMEselect<\/strong> continued, the exchange and <strong>LME Clear<\/strong> determined that the deferral was necessary to prevent &quot;significant issues&quot; with the physical delivery process.<\/p>\n<h2>Geopolitical and Macroeconomic Tensions<\/h2>\n<p>In the Middle East, a senior Iranian official told Reuters that <strong>Tehran<\/strong> has found recent proposals from <strong>Qatar<\/strong> to end hostilities with the U.S. &quot;unacceptable.&quot; The official emphasized that Iran\u2019s policy of &quot;no flexibility&quot; regarding its nuclear program remains unchanged, dampening hopes for a near-term diplomatic breakthrough. Meanwhile, Russian Deputy PM <strong>Alexander Novak<\/strong> clarified via TASS that while Russia is sending diesel tankers to the U.S. under a specific fuel deal, there are currently no active talks regarding the return of U.S. companies to Russian oil projects.<\/p>\n<p>On the macroeconomic front, the <strong>Federal Reserve<\/strong> is widely expected to hold interest rates steady at <strong>4%<\/strong> today at 6:00 PM GMT, though investors will parse Chair Jerome Powell\u2019s 6:30 PM press conference for hints of a December hike. Earlier in the day, the <strong>UK&#39;s Autumn Budget<\/strong> will be delivered by Chancellor John Healey, with markets closely watching for tax changes and borrowing forecasts that could impact the British Pound and Gilt yields.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways GE Vernova (GEV) delivered a massive Q3 beat with $12.64 billion in revenue and doubled its share buyback 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