Binance loses $6.3bn in record crypto heist; over $3bn frozen as North Korea link probed
The breach is the largest crypto theft on record, prompting a race to recover funds before hackers can launder them and questions about exchange custody risk.
CNBC · +8 outlets
Tech selloff deepens as AI cash burn fears drag Wall Street to worst day since June
Investors pulled back from AI-linked names after heavy hyperscaler spending and mixed earnings raised doubts about returns on the buildout.
ABC News · +7 outlets
Nasdaq posts worst month in over a year as AI nerves roil markets
October's retreat revived comparisons to the dot-com era, though breadth beneath the mega-cap tech weakness held up better.
CNN · +5 outlets
Amazon Q3 results disappoint investors despite strong cloud performance; holiday forecast misses
Amazon's weaker outlook added to investor scrutiny of the cost of the company's AI and cloud expansion.
TechCentral.ie · +14 outlets
Intel stock posts worst day since the 1970s, wiping about $12bn off government's stake
Intel attributed the slump to PC weakness from higher memory prices even as it struggles to supply AI server chips.
CNBC · +3 outlets
OpenAI cuts funding target by $10bn, now seeking about $20bn at $1.25tn valuation
The reduced ambition comes as investor anxiety about AI spending and valuations mounts.
Ft · +3 outlets
Exxon and Chevron profit beats send shares to record highs as refining margins surge
Wars in Ukraine and the Middle East tightened fuel supplies and lifted diesel prices, boosting Big Oil's quarterly results before the midterms.
CNBC · +14 outlets
Fed officials say rate hikes may be needed soon after latest hold
Comments from Fed presidents Musalem and Logan offered the first signals of how policymakers see the path after holding rates steady.
CNBC · +14 outlets
US approves $2.1bn sale of Patriot interceptors to Ukraine
Zelensky welcomed the decision but pressed for immediate delivery of the air-defense missiles.
Ft · +13 outlets
BP posts highest quarterly profit in 18 years, beats forecasts
BP also said it aims to settle its Deepwater Horizon obligations early, as strong trading and refining results lifted earnings.
The National · +10 outlets
Reddit is going logged-in only as search referral traffic slides, stock logs biggest one-day drop
Reddit's dependence on Google referral traffic has come under pressure from AI Overviews, and analysts warn the bad news may not be over.
MarketWatch · +14 outlets
Meta outlook revised to negative by S&P on free cash flow and capex concerns
The ratings agency flagged Meta's heavy capital expenditures and pressure on free cash flow.
CNBC · +14 outlets
Blackstone says Anthropic may not secure investment-grade rating after IPO
The private capital giant expects the AI group to receive a high junk rating, a shift from previous guidance.
Ft · +13 outlets
Wall Street braces for Democratic gains as midterm elections near
Investors are preparing for a potential blue wave that would determine control of Congress for the rest of Trump's term.
CNBC · +14 outlets
Euro zone growth slows to 0.4% in Q3 as France contracts
Analysts cited weak productivity and industrial competitiveness alongside demographic pressures despite the bloc's resilience.
CNBC · +14 outlets
Lula's surprise election victory sends agri-commodities tumbling
A steep fall in the Brazilian real made the country's exports more competitive, undermining pricing power for farmers elsewhere.
Ft · +3 outlets
Tech layoffs pile up as Bay Area and San Francisco companies cut 100+ workers
The cuts add to a broad wave of tech job losses across large employers over the past year.
New York Post · +1 outlets
China's mega banks post record profits as margins recover
Improving net interest margins lifted earnings at the country's largest lenders.
Bloomberg