Meta stock sinks 6% as AI spending pushes free cash flow negative, market value falls over $100bn
Meta's forecast of hundreds of billions of dollars in AI spending has fueled credit concerns and a broad selloff in AI-linked shares.
CNBC · +10 outlets
Nasdaq leads Wall Street lower as AI spending jitters and rising oil weigh on markets
Investors rotated toward defensives as AI capex fears and a spike in crude prices pressured equities worldwide.
Reuters · +14 outlets
Elon Musk says SpaceX and Tesla are considering a merger
A combination would reshape Musk's corporate empire, with SpaceX shareholders seen as more exposed and Tesla holders potentially benefiting.
Fortune · +14 outlets
Brent crude tops $111 as U.S. orders diplomats out of Saudi Arabia and readies Iran strikes
Renewed Middle East conflict fears are pushing oil to its highest since May and rattling refiners, airlines and fuel-dependent industries.
CNBC · +10 outlets
Tesla beats on earnings and sales even as auto revenue declines
Tesla's results landed alongside a cut to its near-term spending target that spooked chip and AI suppliers.
CNBC · +14 outlets
CoreWeave confidence erodes as bond yields spike and stock sinks; Blackstone backs the business
CoreWeave shares are down 35% in October as widening credit default swap spreads raise doubts about AI data-center financing.
CNBC · +1 outlets
American Airlines, Southwest cut 2026 forecasts on higher fuel costs
At least four major U.S. carriers have trimmed 2026 guidance this month as jet fuel prices climb alongside crude.
CNBC · +14 outlets
U.S. jobless claims near lowest since the 1960s as low-fire trend continues
Initial claims fell to a seasonally adjusted 194,000, underscoring a still-tight labor market ahead of the midterms.
CNBC · +4 outlets
Trump's economic approval hits all-time low as 8 in 10 rate economy fair or poor, CNBC survey finds
The poll findings point to headwinds for Republican candidates heading into the midterm elections.
CNBC · +14 outlets
eBay to cut 1,000 jobs as CEO says 'our strategy is working'
The online marketplace's layoffs add to a steady stream of tech and e-commerce workforce reductions.
The Times of India · +14 outlets
Valero posts record quarterly profit, setting strong tone for U.S. refiners
Surging refining margins tied to elevated crude prices delivered a standout quarter for the sector.
Reuters · +5 outlets
Jensen Huang says no sign of a 2029 memory glut, neocloud demand 'off the charts'
The Nvidia CEO's comments come as memory and AI infrastructure stocks sell off on oversupply and financing worries.
CNBC · +7 outlets
Comcast beats estimates as media revenue offsets weak connectivity
Peacock posted its second consecutive quarterly profit of $261 million as Comcast prepares to spin off its media business.
CNBC · +6 outlets
Third-party evaluators find vulnerabilities in OpenAI monitoring system during test pilot
The findings test OpenAI's pledge to give independent evaluators employee-like access amid mounting safety scrutiny.
CNBC · +7 outlets
Critical PHP vulnerability exposes millions of websites; AI tools helped find the bug
Governments pulled sites offline as researchers raced to patch a flaw that could affect a large share of the internet before AI-powered attacks.
Fortune · +13 outlets
France faces bond market pressure as Macron bans some protests and condemns 'stupid' Trump comments
France's 10-year bond yield hit a 24-year high as political unrest and fiscal concerns test investor confidence.
CNBC · +9 outlets
Meta's CFO targets corporate America as the company pushes enterprise AI
Meta is betting its models, agents and business tools can open the enterprise market while it rewards shareholders for stock milestones.
Fortune · +2 outlets
Blackstone cuts property valuations as higher rates hit returns
Blackstone's president said market volatility stalled a quick return of cash to investors through IPOs.
Ft · +1 outlets