US inflation hits 3.7% in September as gas prices surge, spooking markets
The hotter-than-expected CPI reading lifted odds of a Fed rate hike and drove a broad equities selloff.
CNBC · +13 outlets
Wall Street slides to worst day in months as hot inflation stirs rate-hike fears
Major indexes fell sharply after CPI data renewed concerns the Federal Reserve may tighten policy further.
Reuters · +10 outlets
Anthropic tells investors quarterly revenue rose 50% to $16.8B ahead of IPO
The AI developer briefed investors in San Francisco before an expected public listing.
Ft · +4 outlets
Netflix to lay off roughly 1,000 employees, 6% of workforce
The cuts are Netflix's largest since 2022 as Wall Street worries about engagement and competition from YouTube.
CNBC · +14 outlets
CoreWeave bonds tumble toward 15% yields, rattling AI credit markets
Falling bond prices and rising yields raised fears of broader stress from the AI borrowing binge.
MarketWatch · +3 outlets
AI infrastructure stocks tumble as inflation and debt fears hit the trade
Dell, Oracle and chip stocks fell amid mounting doubts about the timing of enterprise AI spending.
MarketWatch · +12 outlets
OpenAI engineer accused of planting recording device, booked one-way ticket to Saudi Arabia
Federal prosecutors say Abdulrahman Alfozan and family booked travel before his arrest over a device found in an OpenAI office.
Business Insider · +14 outlets
Rush and Endeavor Health to merge, creating Chicago's largest health system
The combination would consolidate two major Chicago-area hospital networks.
Crain's Chicago Business · +14 outlets
Bank of America posts revenue miss and $1.2B Treasury fine, shares drop
The regulatory penalty compounded weak trading revenue in the bank's third-quarter results.
CNBC · +13 outlets
Morgan Stanley tops estimates as equities trading revenue beats by $909M
The bank beat on both revenue and profit for the third quarter.
CNBC · +3 outlets
Citigroup Q3 profit jumps 40% to $5.25B, beating estimates
CEO Jane Fraser said Citi's turnaround heavy lifting is done as AI shapes the next phase.
Beinsure · +5 outlets
Big banks flag AI financing risks but keep writing checks
Bank CEOs acknowledged risks in the AI buildout but saw no sign of slowing investment.
MarketWatch · +14 outlets
BlackRock draws $205B in client funds as quarterly profit beats estimates
The asset manager reported stronger-than-expected results on robust inflows.
The Globe and Mail · +2 outlets
OpenAI sued by 8 states over ChatGPT safety concerns
The states allege insufficient safeguards, including around protecting children.
CNBC · +14 outlets
Fed rate-hike odds rise as economists weigh another October move
Hot inflation data pushed traders to price in a possible increase at the next Fed meeting.
MarketWatch · +13 outlets
Social Security announces 3.6% cost-of-living adjustment for 2027
Benefit checks will rise about $75 a month on average for more than 68 million beneficiaries.
CNBC · +14 outlets
Rocket Lab pushes back Neutron launch, stock slides
The medium-lift rocket meant to rival SpaceX's Falcon 9 will not launch this year.
MarketWatch
Anduril tender offer would value defense tech startup at $90B
The valuation reflects the defense tech boom and Trump's military reindustrialization push.
CNBC · +1 outlets