Archive snapshot · Markets
Thu, Oct 22, 9:32 PM ET
Nasdaq dives 2.6% in worst session since June as AI spending doubts and war jitters hit tech
Renewed questions about whether massive AI capital spending will pay off, plus rising oil prices on Middle East risk, drove a broad technology selloff and a fli
Investor's Business Daily · +15 outlets
Meta shares sink 7% as AI spending pushes free cash flow negative and CDS spreads hit records
Meta's Q3 revenue topped estimates, but investors focused on rising AI-related costs, negative free cash flow and widening credit-default-swap prices.
CNBC · +14 outlets
Treasury yields log biggest drop since 2023 banking crisis as 10-year falls below 5%
Investors rotated into government debt amid the equity selloff and surging oil prices, with the 10-year yield touching its lowest level in nearly a month.
MarketWatch · +13 outlets
Brent crude tops $113, highest since May, on Trump hints of action on Iran and Saudi tanker attacks
Supply concerns tied to Middle East conflict and soaring tanker rates pushed oil toward Iran-war highs, with American Airlines warning airfares will not return
Investing · +5 outlets
SK Hynix shares slide after scrapping planned US IPO of memory unit Solidigm
The South Korean chipmaker shelved the US listing amid market volatility and shareholder concerns over valuation.
CNBC · +10 outlets
Chip stocks fall as Lam Research forecast and Tesla capex cut stoke AI spending fears
Micron and other semiconductor names sold off after Lam Research cited supply-chain constraints and Tesla trimmed its spending outlook, raising doubts about AI-
MarketWatch · +2 outlets
Moderna shares plunge after cancer vaccine data leaks early and misses expectations
The company's melanoma vaccine with Merck cut recurrence risk by 42% over two years, but a social media data leak ahead of release and a sell-the-news reaction
CNBC · +13 outlets
SpaceX in talks to access 80,000 US cell sites for a new wireless network
The satellite operator is seeking terrestrial spectrum and tower access, a move that could reshape competition among US telecom carriers.
Bloomberg.com · +12 outlets
OpenAI nears funding round of up to $30 billion at $1.25 trillion valuation led by UAE investors
The round is intended as a bridge to a planned 2027 IPO, underscoring the scale of private capital flowing into frontier AI.
CNBC · +14 outlets
Barclays to cut 5,000 jobs in AI-driven cost reduction push
The British bank announced the cuts alongside a jump in profits, ahead of a looming UK bank tax and amid rising French bond yields.
The New York Times · +14 outlets
France's debt crisis deepens as borrowing costs hit 5% for first time since 2002
Foreign investors are retreating from French government debt, putting euro zone peripheral spreads on notice and adding to global rate anxiety.
WSJ · +13 outlets
CoreWeave confidence erodes as bond yields spike and stock falls 36% in October
Credit-default-swap spreads on the AI cloud provider are widening, while Nvidia CEO Jensen Huang said neocloud demand is off the charts but capital is scarce.
CNBC · +3 outlets
China stocks set for bear market as AI trade and policy hopes fade
Chinese equities slid into a technical bear market, reflecting fading optimism over stimulus and a global pullback in AI-linked shares.
Bloomberg.com · +14 outlets
Meta ordered to pay $25 billion to New Mexico in data-privacy case
The penalty is among the largest in a state privacy action against a major tech platform and adds to a widening legal backlash.
WSJ · +14 outlets
Jobless claims near lowest since the 1960s at 194,000
Initial unemployment filings returned to a downward trend, underscoring continued labor market tightness ahead of Federal Reserve deliberations.
CNBC · +14 outlets
Trump signs housing affordability executive order and Treasury moves to bar large investors from single-family homes
The measures aim to reduce single-family housing costs ahead of the midterms by restricting institutional buying of homes.
Politico · +14 outlets
Elon Musk invests about $1 billion in David Ellison's Skydance
The investment deepens Musk's ties to the Ellison family as Skydance pursues scale in media and technology.
The Guardian
Elon Musk says SpaceX and Tesla are exploring a merger
Any combination would require Musk's own approval and would create a sprawling conglomerate spanning space, telecom and electric vehicles.
The Verge

‹ back to this front page