Archive snapshot · Business
Sat, Oct 17, 8:02 PM ET
AI trade sell-off pushes Wall Street to worst week since June as debt fears mount
Surging yields and worries about debt funding the AI buildout drove steep declines in tech, software, and chip shares, with the VIX spiking above 22.
CNBC · +13 outlets
Trump waives Russia sanctions and tariffs mandated by new Graham Act
The move gives Putin a reprieve on energy measures weeks after the bipartisan sanctions law was signed, following a diesel purchase deal with Moscow.
CNBC · +12 outlets
Anthropic IPO expectations cool as investors weigh revenue growth slowdown
Reported investor caution over growth and chatter about Amodei's 40% culture focus complicate the AI lab's much-discussed IPO plans.
Fortune · +14 outlets
States sue OpenAI, alleging harms to children and enabling cyberhacking agents
The state action adds legal pressure on OpenAI, which says it has built and will keep improving safety protections into ChatGPT for children.
Fortune · +1 outlets
US budget deficit swells to nearly $2 trillion for fiscal 2026, up 12%
Treasury yields above 5% are raising borrowing costs for households and the government as financing the deficit becomes a central economic challenge.
CNBC · +9 outlets
Oil hits $110 for first time since May, stoking US inflation and Fed rate concerns
The spike in energy prices adds fresh pressure on inflation and complicates the outlook for Fed policy and airline costs.
The Financial Express · +6 outlets
Fed rate decision this month is a closer call than markets expect
Investors widely expect a hold, but inflation concerns and Kevin Warsh's unconventional approach leave the outcome less certain than pricing suggests.
MarketWatch · +14 outlets
CoreWeave CEO sells nearly $1 billion in stock since IPO, filings show
The disclosures come as CoreWeave shares swing wildly amid a broader AI-debt driven sell-off in neocloud stocks.
Hilton Head Island Packet · +14 outlets
Apple blames extraordinary demand as $1,999 foldable iPhone Duo sells out
Deliveries slipped to 2027 within hours of launch, testing whether the foldable can lift Apple's iPhone pricing and revenue.
Ft · +13 outlets
Zelenskyy calls Starlink speed limits in Ukraine a planned operation; Trump denies order
Ukrainian officials say SpaceX limited connectivity without notice, hampering interception of Russian attacks, while the White House denies involvement.
Ft · +14 outlets
Berkshire shares rally to highest level since Buffett said he would step down
The stock bucked the broader market sell-off, reaching its best level since Buffett announced his planned exit as CEO.
CNBC · +14 outlets
Alphabet CIO pushes back on Jefferies warning of massive AI capital destruction
Ruth Porat disputes the view that the AI buildout is capacity-constrained and could end in heavy capital losses.
Fortune · +1 outlets
Bending Spoons gets Berkshire vote of confidence four months into public life
The software consolidator's backing from Berkshire Hathaway marks a significant endorsement for its roll-up strategy.
CNBC · +2 outlets
How a 44-minute call led Meta to build Superintelligence Labs and a $100B-plus AI bet
Alexandr Wang and Zuckerberg describe how a single call became Meta's flagship AI effort, despite internal warnings about financial risk.
Fortune · +2 outlets
HDFC Bank Q2 profit rises 4.7%; deputy MD Bharucha to step down
India's largest private lender reported modest profit growth alongside a leadership change.
Reuters · +12 outlets
Trump puts Russia sanctions law on hold; Congress had passed it with bipartisan support
The move comes a week after Trump said the US agreed to purchase diesel from Russia, drawing scrutiny over Ukraine policy.
Fortune · +13 outlets
Tesla unveils long-delayed Roadster built with SpaceX, fueling merger speculation
The reveal revived talk of a Tesla-SpaceX tie-up, with Kalshi odds above 50% for early 2027.
CNBC · +1 outlets
Axis Bank Q2 profit jumps about 38% but misses estimates
The Indian private lender posted strong year-on-year profit growth while falling short of analyst expectations.
Business Standard · +1 outlets

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