Big Tech earnings face a crucial AI reality check | Reuters Morning Bid

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Oil markets open the week on edge after ships hitting mines in the Strait of Hormuz helped drive crude to $110 on Friday, while Ukraine struck a major Russian oil installation near St. Petersburg over the weekend. On Wall Street, Meta's Wednesday earnings report arrives after a brutal week for tech stocks, with the SOX index shedding more than 10% on concerns about AI-related debt. #News #Reuters #Newsfeed Today's recommended read: ⁠https://www.reuters.com/commentary/reuters-open-interest/asian-refiners-pain-is-middle-east-oil-producers-problem-bousso-2026-10-19/ 👉 Subscribe: https://reut.rs/4b8fRGn Keep up with the latest news from around the world: https://www.reuters.com/ Follow Reuters on Facebook: https://www.facebook.com/Reuters Follow Reuters on X: https://twitter.com/Reuters Follow Reuters on Instagram: https://www.instagram.com/reuters/?hl=en