Dow, S&P 500, Nasdaq futures steady near records with Trump trade moves, earnings in focus

🤖 PayPal signs deal with OpenAI to become the first payments wallet in ChatGPT

PayPal has signed a deal with OpenAI to have its digital wallet embedded into ChatGPT so users can pay for items found through the leading consumer AI tool, the company told CNBC exclusively.

The agreement, sealed over the weekend, means that starting next year, both sides of PayPal’s ecosystem can plug into ChatGPT: PayPal users can purchase items through the AI platform, and its merchants can sell on it, with their inventory listed there, according to PayPal CEO Alex Chriss.

“We’ve got hundreds of millions of loyal PayPal wallet holders who now will be able to click the ‘Buy with PayPal button’ on ChatGPT and have a safe and secure checkout experience,” Chriss said in an interview. CNBC reports.


🏢 Amazon says it plans to cut about 14,000 corporate jobs

Amazon said on Tuesday it will reduce its corporate workforce by about 14,000 roles, as the tech giant cuts down on operational layers to limit costs amid ballooning investments in artificial intelligence.

The company had about 1.56 million full-time and part-time employees at the end of last year. Amazon's corporate workforce includes roughly 350,000 employees.

Shares in Amazon were slightly higher in premarket trading on Tuesday after the news. Yahoo Finance reports.


🚜 The reason Caterpillar’s stock is beating Nvidia in 2025

Caterpillar has lately seen stalling earnings growth in 2025, with its past two quarterly reports missing expectations.

Still, its shares are up more than 45% year-to-date, more than the Industrial Select Sector SPDR Fund's (XLI) 18% gain, the S&P's 17%, and Nvidia's 38%.

And when Caterpillar reports third-quarter earnings pre-market tomorrow morning, investors are likely to focus on a key driver of its future growth: data centers' surging demand for electricity. Yahoo Finance reports.


🛢️ Oilfield giants pivot to booming AI infrastructure as drilling demand wanes

Oilfield services giants SLB, Halliburton, and Baker Hughes are turning to data centers and related artificial intelligence infrastructure work to drive their next phase of growth as they navigate slowing drilling demand and idle rigs across North America.

US oil producers have cut exploration budgets as prices hover in the low $60’s per barrel, pressured by rising production from the Organization of the Petroleum Exporting Countries and its allies, while power demand has boomed due to surging AI workloads. Reuters reports.


📊 UnitedHealth lifts 2025 profit forecast, aims for growth in 2026

UnitedHealth on Tuesday raised its annual profit forecast and said it aims to grow in 2026, in a sign that the turnaround efforts under new CEO Stephen Hemsley were gaining steam.

Shares of the company rose more than 5% in premarket trading after the company reported better-than-expected quarterly earnings as the U.S. health insurer kept medical costs in check.

The company had set a far lower profit forecast in July after suspending its prior outlook in May, which had sent its shares reeling. MarketScreener reports.

*Estimate and Actual numbers represent Earnings Per Share in US Dollars


NVS: Novartis
Q3 2025
Before Market Open
Estimate: 2.290
Actual: 2.250

W: Wayfair
Q3 2025
Before Market Open
Estimate: 0.190
Actual: N/A

VF: VFC
Q2 2026
Before Market Open
Estimate: 0.420
Actual: N/A

Time (ET)/ Report/ Period

9:00 AM - S&P Case-Shiller home price index (20 cities) - Aug.
10:00 AM - Consumer confidence - Oct.

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