Tech selloff drags Wall Street to worst day since June as AI spending worries mount
A deepening rout in tech shares, driven by hyperscaler AI spending projections, pushed major indexes to their steepest one-day drop since June.
Dailypress.net · +14 outlets
Anthropic's IPO path gets bumpier as $2 trillion valuation talk builds
Anthropic's IPO filing reveals internal AI usage valued above employee pay and staff wealth questions, with weak hyperscaler projections pressuring the Nasdaq.
CNBC · +6 outlets
Binance resumes withdrawals after $6.3 billion hack, says 90% of stolen assets covered
Binance restored backing for most assets hit in the largest crypto theft on record and reopened phased withdrawals, raising wallet safety concerns.
CNBC · +14 outlets
OpenAI pares fundraising goal, now seeking up to $20 billion in latest round
The round remains open and the figures could change, according to a person familiar with the deal.
CNBC · +2 outlets
Trump defamation suit against Murdoch and WSJ over Epstein letter dismissed with prejudice
Trump had denied writing a birthday letter to Jeffrey Epstein that was the subject of a 2025 Wall Street Journal article.
CNBC · +14 outlets
Microsoft, Alphabet, Amazon and Intel earnings shake up Big Tech
A heavy week of results from major tech names set the tone for the sector as investors scrutinize AI-driven spending.
TradingView · +14 outlets
Fed Chair Kevin Warsh is managing US debt costs, not inflation, economist says
Analysts see yield curve management tied to America's debt picture, with debt levels crossing a threshold not seen since WWII.
Fortune · +14 outlets
US tech rout aside, bond investors sit out 'most consequential' midterms in years
Fund managers are pausing as the vote and economic data loom; crypto and super PACs have poured hundreds of millions into races.
Ft · +2 outlets
Iran vows retaliation beyond the Middle East as oil markets brace for damage
Ayatollah Mojtaba Khamenei warned Iran's response would have no geographical limitations, with diplomats expecting renewed conflict to be more damaging than pri
Fortune · +10 outlets
Junk debt rout sparks 'bloodbath' for credit investors
Aggressive tactics to shift assets beyond creditors' reach added fuel to the sell-off.
Ft · +1 outlets
Apple's rare Monday earnings report begins a new era under CEO John Ternus
Investors will get a glimpse of how Ternus manages inflated memory prices and a tougher consumer spending backdrop.
MarketWatch · +14 outlets
Companies promised AI gains, and the payoff is starting to show in earnings
Santander, Novartis and others say AI is beginning to boost revenue, cut costs or improve profitability as investors seek returns.
CNBC · +12 outlets
Why AI is boosting Meta's ad business while hurting Google search
The gap between Meta's ad growth and Google's search expansion was the widest since 2021 in the latest quarter.
CNBC · +1 outlets
Wall Street is starting to call the shots in America's AI build-out
Financiers are gaining leverage over how AI data center capacity gets funded and built.
WSJ · +4 outlets
Social Security may have to cut retirement benefits in six years
Projections show the retirement trust fund may run out in 2032, and senators elected in November will be in office for the deadline.
CNBC · +14 outlets
Michigan Democrat Haley Stevens endorses Republican Rogers over Abdul El-Sayed
Democratic unity collapsed in the Michigan Senate race after a war of words over Israel.
Ft · +14 outlets
Trump makes final pitch to restive voters as midterms campaign closes
Republicans are defending control of Congress amid signs of a backlash, with Trump losing Latino support.
Ft · +1 outlets
Anthropic says AI is not conscious and we should keep it that way, Microsoft AI chief says
Mustafa Suleyman said developers should only build models that are not conscious and not deserving of rights.
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