S&P 500 and Nasdaq post worst day since July as hot CPI stokes rate-hike fears and chip rout
September CPI of 3.7% rekindled bets the Fed may hike again, dragging tech and chip stocks sharply lower.
Yahoo Finance · +15 outlets
Anthropic says Q3 revenue jumped 45% to $16.8 billion ahead of its stock market debut
The pre-IPO results drew scrutiny over whether growth is cooling amid broader investor jitters about the AI trade.
Investing · +13 outlets
CoreWeave bonds tumble to distressed levels, sparking worries about AI-debt buildup
CoreWeave shares sank about 15% as its bonds yielded over 15%, and traders piled into downside bets on neocloud names.
MarketWatch · +3 outlets
Bank of America fined $1.2 billion over money-laundering and sanctions violations as Q3 revenue misses
The penalty and weak trading revenue weighed on BofA shares in a rocky start to bank earnings season.
CNBC · +14 outlets
SK Hynix plunges 10% and Asian tech sells off as AI funding and rate worries mount
Global chip and hardware stocks deepened losses, with memory names especially hard hit amid AI financing concerns.
CNBC · +14 outlets
Big banks post solid Q3 loan growth but warn of more deposit competition as rates stay high
Strong Morgan Stanley and Goldman results contrasted with muted reactions across major bank stocks after earnings.
Yahoo Finance · +12 outlets
Fed is likely to keep tightening as inflation stays above target, officials and economists signal
Hot September CPI and comments from officials pointed to continued rate-hike risk even as some analysts argued AI-driven inflation has peaked.
CNBC · +14 outlets
Eight US states sue OpenAI, alleging ChatGPT harms young users
The bipartisan suit adds legal and regulatory pressure on OpenAI over child-safety and platform practices.
CNBC · +14 outlets
CoreWeave and Dell lead AI infrastructure and data-center stock selloff
Barclays downgraded Dell, HPE and NetApp on worries that enterprise AI adoption is lagging, deepening the tech rout.
CNBC · +14 outlets
GlobalFoundries to build two chip plants with up to $21 billion under US-Japan initiative
The New York fabs expand domestic semiconductor capacity with funding tied to a landmark bilateral program.
WSJ · +14 outlets
Apple retakes $5 trillion market cap, only the second company to reach the milestone
Apple joins Nvidia in the $5 trillion club as mega-cap tech valuations stay near records despite recent volatility.
Yahoo Finance · +13 outlets
Power prices top $1,000 on PJM as Energy Dept issues emergency order to avert blackouts
Mid-Atlantic grid strain triggered federal intervention to keep power flowing for millions of customers.
Seekingalpha · +14 outlets
Container ship sinks in Strait of Hormuz as Iran escalates attacks
Iran's strikes on commercial shipping threaten a rebound in crude exports and keep energy markets on edge.
CNBC · +14 outlets
Social Security announces 3.6% cost-of-living adjustment for 2027
The COLA lifts average monthly checks by about $75 as cost-of-living pressures persist.
CNBC · +14 outlets
Netflix to lay off about 1,000 employees, roughly 6% of its workforce
The cuts are the streaming giant's largest since 2022 and include several TV executives.
CNBC · +14 outlets
ASML posts mixed Q3 results and guides up, easing fears over AI spending
Strong orders at the chip-equipment giant signalled AI-driven demand is holding up.
Investor's Business Daily · +2 outlets
Fox's $22 billion acquisition of Roku approved by shareholders of both companies
The vote clears a major hurdle for the tie-up consolidating streaming distribution and hardware.
Variety
China's exports soar, putting its trade surplus on track for a record
AI-driven demand and a weak yuan helped drive the export surge despite global trade tensions.
The New York Times