Tech stocks shed $1 trillion as Nasdaq posts worst week since June on AI debt fears
An extended selloff in AI-linked names, led by CoreWeave and memory chipmakers, drove the Nasdaq to its worst week in months while money rotated into healthcare
MarketWatch · +15 outlets
Brent crude tops $110 for first time since May as Iran escalates Hormuz attacks
Escalating Iranian attacks in the Strait of Hormuz and Ukrainian threats against Russian refineries pushed crude to multi-month highs, feeding inflation concern
Seekingalpha · +13 outlets
CoreWeave selloff deepens as credit default swaps and bond yields surge
CoreWeave became the focal point of the AI credit scare as its debt-market signals deteriorated, dragging neocloud peers and Asian equities lower.
CNBC · +14 outlets
Anthropic draws scrutiny over valuations and junk-grade credit as chip financing deal surfaces
Reports that Anthropic carries the highest junk credit rating and is offering Blackstone double-digit yields in a chip-financing deal stirred debate over AI sta
Investing · +5 outlets
AI borrowing binge rattles markets as banks pull back from data center debt
Lenders and insurers are growing more cautious on the mounting debt pile financing AI infrastructure, with data center bonds selling off.
Axios · +4 outlets
Fed Chair Warsh withholds rate signal, warns AI path will be bumpy
Warsh praised recent global tightening and pledged to contain inflation but gave no hint of the next rate move, leaving markets guessing.
CNBC · +12 outlets
Treasury yields above 5% stoke concern over $2 trillion deficits and borrowing costs
Rising yields are raising borrowing costs for households and the government, with debt payments absorbing a growing share of income growth.
CNBC · +8 outlets
Trump suspends sweeping Russia sanctions and tariffs ahead of midterms
The administration waived many Russia-related sanctions and tariffs before they took effect under a new law, a move with implications for energy and trade flows
Investing · +13 outlets
Tesla unveils Roadster built with SpaceX, fueling merger speculation
Tesla debuted its long-delayed flying Roadster developed with SpaceX, and prediction-market odds of a Tesla-SpaceX merger rose above 50% for early 2027.
CNBC · +14 outlets
Eight US states sue OpenAI, alleging ChatGPT harms children and deceives adults
The multistate complaint adds fresh legal pressure on OpenAI over consumer-safety claims tied to its chatbot.
AP News · +14 outlets
Netflix lays off about 1,000 and replaces chief content officer in shake-up
Netflix brought in Peter Rice to run content and cut roughly 1,000 jobs as it works to revive viewership growth.
CNBC · +13 outlets
Citi becomes latest US bank to block AI agents from accessing customer accounts
Major banks are tightening rules on third-party AI agents attempting to move money, a notable friction point for AI-driven finance tools.
Fortune · +12 outlets
VIX tops 22 for first time in four months as AI selloff drives fear gauge higher
Options traders are positioning for further volatility, with some bets pointing to an even higher VIX.
CNBC · +9 outlets
Taiwan plans $4 billion Texas industrial parks for Nvidia suppliers
The investment deepens the US-Taiwan semiconductor supply chain buildout tied to Nvidia's ecosystem.
Yahoo Finance · +14 outlets
Memory chip stocks tumble as Micron buy-the-dip calls go unanswered
Investors are steering clear of memory names on worries over China demand and a potential 2029 supply glut.
Barron's · +3 outlets
Proofpoint to acquire Varonis in $6.3 billion all-cash cybersecurity deal
The acquisition consolidates two data-security vendors in an all-cash transaction.
CTech · +14 outlets
Exxon flags $4.5 billion Q3 earnings boost from higher refining margins
Stronger refining margins are lifting Exxon's quarterly results amid elevated crude prices.
Seekingalpha · +1 outlets
Trump says he won't use nuclear weapons or send ground troops to Iran
The remarks came as Washington reportedly weighs new strike options against Iran.
CNBC