Wall Street suffers worst day since June as AI cash-burn fears spark tech selloff
Escalating investor anxiety over hyperscaler AI capital spending and borrowing drove a broad technology rout, with the Nasdaq down more than 3% and the S&P 500
MarketWatch · +15 outlets
Binance loses $6.3 billion in largest crypto theft on record
The world's largest crypto exchange said a compromised engineer's laptop enabled North Korea-linked hackers to steal about $6.3 billion in assets, with roughly
CNBC · +14 outlets
Intel stock posts worst day since 1974, wiping $12B off US government stake
Intel's earnings report triggered a roughly 28.6% share plunge and a wave of Wall Street downgrades and price-target cuts over its AI server chip supply and wea
CNBC · +10 outlets
Amazon shares fall after Q3 earnings miss and weak holiday forecast
Amazon's third-quarter results and holiday guidance disappointed investors, adding to concerns about the cost of its AI and cloud buildout.
Investing.com · +14 outlets
Anthropic may get junk rating after IPO, Blackstone says, adding to AI credit concerns
Blackstone's guidance that the AI group could receive a high junk rating marked a shift from prior expectations and fueled worry about borrowing across the AI i
Ft · +13 outlets
Fed officials signal more rate hikes may be needed to fight inflation
Comments from Fed presidents Alberto Musalem and Lorie Logan offered early insight into the central bank's next moves after it held rates steady.
CNBC · +14 outlets
Earnings, midterm elections and jobs data loom for AI-wary stock market
Investors face a heavy week of results from Apple, AMD and others alongside the midterm vote and monthly employment figures, with AI spending uncertainty drivin
CNBC · +13 outlets
Meta outlook revised to negative by S&P on capex and cash flow concerns
S&P Global Ratings cited Meta's heavy capital expenditures and pressure on free cash flow in cutting its outlook.
CNBC · +10 outlets
Exxon and Chevron top Q3 estimates as refining profits soar on war-driven diesel prices
Global diesel prices surged after Ukraine and Iran struck refineries in Russia and the Middle East, lifting Big Oil results to all-time highs.
CNBC · +14 outlets
Reddit stock logs biggest one-day drop ever on weak search referral traffic
Reddit said third-quarter search referral traffic fell significantly, prompting analysts to warn the bad news may continue as it moves to a logged-in only model
MarketWatch · +14 outlets
Alphabet closes 12.6% lower after quarterly results
Alphabet's shares posted their worst week since 2011 as investors digested results and rising AI spending commitments.
TOKENPOST · +14 outlets
BP posts highest quarterly profit in 18 years, beats forecasts
BP also said it aims to settle its Deepwater Horizon bill early as record trading and refining results lifted earnings.
The National · +14 outlets
US tech companies Microsoft and others detail AI spend pressure on legacy businesses
Hyperscalers are pouring trillions into AI infrastructure, squeezing free cash flow and legacy units; Microsoft's 60,000-person voluntary exit offer hints at a
CNBC · +14 outlets
CD&R pursues buyout of $40bn card processor Global Payments
The deal, if completed, would rank among the largest buyouts in history.
Ft · +2 outlets
US greenlights $2.1bn sale of Patriot interceptors to Ukraine
The approval followed Zelenskyy's accusations that the Trump administration had stalled the weapons amid deteriorating relations.
Ft
Bitcoin drops below $77K, Coinbase stock hits over two-year low
Wall Street cut price targets on crypto-linked equities as digital assets slid after the record Binance hack.
Yahoo Finance · +14 outlets
CPKC urges regulator to end review of Union Pacific-Norfolk Southern merger over CEO comments
A judge ruled that speech in which Union Pacific's CEO allegedly threatened to punish shippers if the merger fails must be made public.
Trains Magazine · +1 outlets
Iran says four tankers struck mines in Strait of Hormuz as strike fears grow
Soaring freight rates are giving tankers incentive to run the gauntlet as Tehran disputed US claims the shipping lanes had been cleared.
CNBC