AI infrastructure jitters hit markets as neoclouds slide, credit spreads widen and Solidigm pulls IPO
Investors are questioning the financing of the AI buildout as Nvidia's role as industry financier faces its first big test and debt markets flash warnings.
CNBC · +6 outlets
Starlink restrictions lifted in Ukraine after throttling disrupted drone and military systems
Ukraine said SpaceX lifted speed limits on Starlink and Starshield, which had hampered Kyiv's defenses and prompted a search for alternative satellite providers
Ft · +14 outlets
OpenAI eyes $30 billion fundraising round ahead of planned IPO
The reported raise would be among the largest private funding rounds ever as the company prepares for a public listing.
New York Post · +14 outlets
Iran in advanced stages of plotting attacks on Americans in the Middle East, intel memo warns
US embassies are tightening security after a DNI memo flagged Iranian plans against Americans as regional tensions rise ahead of the midterms.
Ft · +13 outlets
J&J and Smith+Nephew orthopedics merger talks collapse over CEO role
The reported $22 billion combination of Johnson & Johnson's orthopedics unit with Smith+Nephew fell apart over who would lead the business.
Medical Device and Diagnostic industry · +11 outlets
Oil tops $117 as Wall Street ends rocky week lower on AI and earnings worries
Rising crude prices and concerns about AI valuations pulled major indexes lower to close a volatile week.
Reuters · +10 outlets
French protests turn violent in Paris as police fire tear gas and water cannons
More than 400,000 people rallied across France over school funding and living costs, with clashes in Paris and protests spreading to other European cities.
Fortune · +14 outlets
American Express to cut 5% of workforce to prepare for AI
The card giant's layoffs add to a year of broad tech and corporate job cuts, with executives framing the reductions as an AI-driven restructuring.
CNBC · +14 outlets
CNBC survey: Trump's economic approval hits all-time low as midterms loom
Eight in 10 Americans rate the economy as fair or poor, and voters also show broad opposition to nearby AI data centers, creating headwinds for Republicans.
CNBC · +8 outlets
Moody's holds France at Aa3 but warns political fragmentation threatens governance
French unrest pushed bond yields to a 24-year high as investors weigh budget and growth risks ahead of further protests.
CNBC · +8 outlets
Critical PHP flaws set off global cybersecurity scramble dubbed 'Black October'
Governments and businesses rushed to contain fallout after vulnerabilities affecting much of the web leaked online.
CNBC · +12 outlets
Fed meeting in focus as markets weigh rate path, inflation and consumer mood
Investors are parsing conflicting Wall Street forecasts on when rates fall ahead of a busy week of data and central bank signals.
ABC News · +14 outlets
Trump ordered DOJ suit to block Alaska Senate certification if Republican loses
Democrats and voting-rights groups sued to challenge the preemptive effort, which cites two Dan Sullivans on the ballot.
CNBC · +14 outlets
Infosys cuts FY27 guidance as Q2 net profit rises 6.2% to ₹7,828 crore
The Indian IT services firm struck a cautious tone on growth amid intensifying competition despite upbeat deal commentary.
Business Standard · +3 outlets
Israelis hold final rally against Netanyahu ahead of consequential election
Ex-military chief Gadi Eisenkot of the centrist Yashar party is in a knife-edge race to oust the premier.
Fortune · +3 outlets
Nvidia's AI financier role faces first big test as neoclouds take market hit
Some investors see Nvidia taking on outsized risk tied to the AI buildout as it shifts from chipmaker to industry financier.
CNBC · +4 outlets
Israeli central bank rejects Netanyahu plan to use crypto to evade sanctions
Critics say the prime minister's proposal would turn Israel into an economic pariah.
Ft
Berkshire Hathaway shares hit record highs after Buffett exit announcement
The stock has fully erased losses suffered after Warren Buffett said he would step down as CEO.
CNBC