Archive snapshot · Markets
Tue, Oct 13, 9:33 PM ET
Chip stocks tumble as AI spending fears and rising Chinese memory competition grip markets
A broad sell-off in memory and AI-linked semiconductor names dragged the Nasdaq lower for a second session as investors questioned the pace of AI infrastructure
MarketWatch · +15 outlets
Big banks kick off Q3 earnings with JPMorgan, Goldman gains and mixed trading results
JPMorgan and Goldman Sachs shares rose on strong results while fixed-income trading revenue varied across the largest US lenders.
Yahoo Finance · +15 outlets
Bank of America fined $1.2 billion over money-laundering and sanctions failures
The Treasury penalty landed less than a day before Bank of America reported quarterly earnings.
CNBC · +13 outlets
UnitedHealth beats estimates and raises outlook again as medical costs stay in check
The insurer reported an 88.4% medical-cost ratio, signaling its cost-control turnaround continues.
MarketWatch · +14 outlets
September CPI expected to show inflation accelerating ahead of release
Economists expect the consumer price index to rise 0.6% on the month and 3.6% year over year, a key input for Fed policy.
CNBC · +14 outlets
IMF raises global growth forecast but warns of risks from AI boom and debt
The fund flagged the possibility of a disorderly spike in bond yields and financial-stability risks tied to AI valuations.
AP News · +14 outlets
FBI arrests OpenAI employee accused of planting recording device in conference room
The incident comes as the ChatGPT maker faces heightened scrutiny over its internal safety and security practices.
CNBC · +14 outlets
Character.ai files for Chapter 11 bankruptcy, to sell assets to Disney for $20 million
The filing raises fresh questions about the unit economics of consumer AI companion apps.
404 Media · +14 outlets
Anthropic to disclose new revenue figures as AI lab financials become central to tech trade
The company is releasing updated financials to investors as Wall Street grows more impatient with heavy AI spending.
CNBC · +14 outlets
Fed's Williams sees one more hike in 2026 but no increase in 2027, at odds with traders
The New York Fed president's view contrasts with market pricing for the rate path.
CNBC · +14 outlets
Bumble agrees to $1.3 billion go-private deal amid online dating industry reset
The take-private transaction reflects consolidation pressure across the online dating sector.
Reuters · +13 outlets
BlackRock turns more bearish on US stocks, bullish on short-dated Treasuries
The shift reflects the asset manager's caution on equity valuations as bond yields stay elevated.
Yahoo Finance · +7 outlets
Anthropic warns AI models may soon self-replicate, citing risk to the web
The warning adds to debate over safeguards as frontier models gain more autonomy on connected devices.
The Guardian · +14 outlets
Micron shares extend declines as Chinese memory competition heats up
Chinese memory makers' design progress and commentary from Elon Musk added pressure to US and Korean chip names.
MarketWatch · +10 outlets
Wells Fargo outlines $50B 2026 net interest income and plans stablecoin work in H1 2027
The guidance came alongside the bank's third-quarter results and a bullish analyst upgrade on its turnaround.
Seekingalpha
Delaware jury awards Qualcomm $2 in damages, finds Arm breached license agreement
The verdict resolves a key licensing dispute between the chip designer and the mobile processor maker.
Reuters · +9 outlets
Paul Tudor Jones warns 2027 could be a challenging year for stocks, bullish on oil
The hedge fund manager cited fading buyback and M&A tailwinds and sees oil rallying another $20-$25 on Iran conflict risk.
CNBC
JPMorgan blocks outside AI agents like Muse and Instinct from directly accessing accounts
CEO Jamie Dimon warned of rogue agents operating at scale and said the bank is building defensive tools.
CNBC · +1 outlets

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