Daily Recap: Business — 20 October 2026

Business news today centers on companies reshaping costs, infrastructure, and growth plans in response to pressure from markets, taxes, and technology. The mix runs from mass job cuts and a major software takeover to a cloud-related banking disruption and new bets on consumer pri...

Salesforce agrees to buy Braze for about $5.7 billion, expanding its push in AI-driven marketing and customer engagement. Braze Class A shareholders are set to receive $47.50 a share in cash, and the target’s stock surges on the announcement as investors price in the premium and the strategic fit for Salesforce.

National Australia Bank says it will cut about 2,500 jobs as it restructures to simplify its operating model. The reduction amounts to roughly 6% of the workforce and marks a significant overhaul at one of Australia’s largest lenders as it seeks a leaner organization and lower complexity.

Flutter plans to cut up to 1,400 jobs as it restructures its UK and Ireland business following gambling tax increases in Britain. The Paddy Power owner says the reductions will affect roles across the UK and Ireland, with some impact expected beyond those markets as the company adjusts its cost base.

Revolut suffers an outage that leaves its app and some banking services unavailable, with the disruption linked to problems at Google Cloud in the London region. The incident also coincides with service issues at other UK banking apps, underscoring how dependence on shared cloud infrastructure can ripple across financial services.

General Motors reports third-quarter results that top Wall Street expectations but narrows its full-year 2026 profit outlook, sending shares lower in premarket trading. Investors focus on the tighter guidance rather than the quarterly beat, even as the automaker approves a $20 billion share buyback.

Ryanair chief executive Michael O’Leary says European airfares are poised for a record jump next year, warning prices could rise by as much as 20%. He ties the expected increase to cost pressures on airlines, signaling a tougher pricing environment for travelers across the region.

Apple commits up to $100 million to titanium production in Pennsylvania as it expands the U.S. supply chain for the iPhone Duo and iPhone 18 Pro. The move sits within Apple’s broader American manufacturing program and its wider pledge to invest $600 billion in U.S. manufacturing and innovation by the end of 2029.

Walmart launches a $120 annual bundle that combines Walmart+ with Sam’s Club Plus, aiming to make its membership ecosystem more attractive to price-conscious shoppers. The offer is positioned as a meaningful discount versus buying the two subscriptions separately and gives Walmart another lever in the competition for household spending.