Wall Street closes lower as AI doubts and rising oil prices end rocky week
Renewed skepticism over AI capital spending and a jump in oil prices pushed the major indexes sharply lower, with the Nasdaq posting its worst session in months
Reuters · +15 outlets
Brent crude tops $116, a six-month high, as Middle East tensions escalate
Oil's surge to its highest since April is stoking inflation fears and lifting fuel costs for airlines and consumers as investors weigh the risk of fresh U.S. st
CNBC · +14 outlets
Moderna and Merck melanoma vaccine nearly halves recurrence risk in Phase 3
Doctors called the first Phase 3 data for a cancer vaccine a major clinical advance, even as Moderna shares fell on questions about the long-term durability of
CNBC · +14 outlets
OpenAI halts training on live internet data, citing significant security risks
The change follows a security overhaul at the company and disclosure of a flaw in widely used software, underscoring rising concerns about model training risks.
Investing · +4 outlets
OpenAI seeks roughly $30B raise at $1.25T valuation ahead of IPO
The reported round, led by UAE investors, comes as rival Anthropic races to price its own IPO before a holiday dealmaking slowdown.
TechCrunch · +10 outlets
AmEx to cut 5% of workforce, lifts 2026 profit forecast
The company is taking a $336 million restructuring charge and said the cuts are meant to prepare for AI, sending shares lower despite the raised outlook.
CNBC · +14 outlets
AI build-out turmoil: neoclouds under pressure as Solidigm pulls IPO
Pulled IPOs, stock slumps and widening credit spreads this week set a tense stage for hyperscaler earnings and renewed doubts about AI investment returns.
CNBC · +5 outlets
10-year Treasury yield falls back to 5% as investors seek cover from AI worries
Tech selling drove investors into government bonds, with France spared a Moody's downgrade even as its borrowing costs and political risk stoke euro zone concer
CNBC · +13 outlets
Meta shares post worst week in four years on AI spending and legal pressures
The slide reflects investor unease over Meta's heavy AI bills and mounting legal troubles, even as demand for its Muse product runs hot.
CNBC · +14 outlets
Gold drops below $4,000 as haven asset joins broad market sell-off
Gold fell to a more than two-month low as oil-fueled inflation fears and rising rates weighed on the traditional safe haven.
富途牛牛 · +8 outlets
Nvidia analyst reiterates Sell, warns 45% of planned 2027 data center capacity may not be built
The bearish call adds to investor scrutiny of AI infrastructure economics after this week's tech-led selloff.
Barron's
SpaceX Starlink mobile ambitions hit telecom stocks again
Reports of Starlink talks with cell-tower owners weighed on Verizon, AT&T and T-Mobile shares as SpaceX moves toward becoming a fourth U.S. carrier.
MarketWatch · +12 outlets
SpaceX-Tesla merger chatter takes center stage after earnings
A possible combination of the two Musk companies faces a long path of negotiations and regulatory review, with SpaceX-related fears cited in market swings.
CNBC · +10 outlets
U.S. removes some Canadian tariffs as Collins faces close race
The White House said it is replacing the removed levies with others, even as the Maine senator touts the relief and Bombardier announces new U.S. investment.
Investing · +14 outlets
S&P 500 Today: Stock Market Index Drops to 7,623.68 as Oil Surges and the 10-Year Treasury Yield Hovers at 5% Ahead of the Fed
The S&P 500 closed at 7,623.68 with the 10-year yield near 5% as investors brace for a heavy slate of Fed commentary and corporate results.
BBN Times · +9 outlets
Bristol Myers Squibb reports patient death in autoimmune CAR-T trial
The death in an MS CAR-T study raises fresh safety questions for the drugmaker's autoimmune cell therapy push.
STAT · +14 outlets
Trump order targets mortgage insurance and refinance costs
The executive order and a manufactured-homes task force aim to lower housing costs for buyers and homeowners.
CNBC · +1 outlets
Trump invokes Defense Production Act to boost U.S. gasoline and diesel output
The Cold War-era authority is being used to expand oil production and refining amid elevated energy prices.
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