AI stocks and chipmakers rally as Anthropic's IPO filing revives faith in AI spending
Anthropic's S-1 disclosure of a broad enterprise customer base and a $131.7B cash pile revived investor confidence in sustained AI infrastructure spending, lift
MarketWatch · +13 outlets
Fed opens two-day October meeting with rates expected to stay on hold
The Fed is widely expected to hold rates steady while weighing elevated inflation and the looming midterm elections, with attention on Chair Warsh's explanation
Yahoo Finance · +13 outlets
SK Hynix posts Q3 profit beat and unveils over $25B in dividends and buybacks
The South Korean memory chipmaker's Q3 profit beat estimates, and it announced a shareholder return package exceeding $25B in dividends and buybacks.
CNBC · +3 outlets
Banks eye $21 billion of bonds to finance Broadcom chip deal
The bond sale underscores the scale of debt financing underpinning AI chip and data center buildouts.
Bloomberg.com · +12 outlets
Nvidia to invest $3 billion in Meta's equity offering as AI partnership expands
Meta is raising about $95B for AI infrastructure, with the chipmaker taking part in the equity offering as the two deepen their AI partnership.
CNBC · +14 outlets
Boeing slides as it delays significant 737 Max production ramp until late 2027
Boeing posted a record backlog but said it won't significantly ramp 737 Max output until late 2027 and flagged weaker free cash flow, sending shares sharply low
CNBC · +14 outlets
Robinhood shares fall as crypto slump weighs on profit despite new-business gains
A crypto trading slowdown weighed on Robinhood's profit even as revenue met expectations on growth in options and prediction markets.
CNBC · +9 outlets
Oracle integrates ChatGPT and Codex into apps, expands cloud chip lineup
Oracle is embedding OpenAI's ChatGPT and Codex into its applications and adding Google TPUs and other chips to OCI in a bid to reduce reliance on Nvidia.
CNBC · +11 outlets
DoorDash in advanced talks to acquire Instacart for about $17 billion
The deal talks value the grocery delivery rival at roughly $17B after Uber reportedly walked away.
Forbes · +14 outlets
GM to offer hybrid SUVs in strategic pivot away from electric
The move marks a strategic shift away from an all-electric lineup amid softer EV demand.
Reuters · +14 outlets
S&P 500 and Nasdaq post second straight winning session on chip rally
Major U.S. indexes closed higher as chip stocks extended a rally, while Boeing weighed on the Dow.
CNBC TV18 · +15 outlets
Intel to buy Israeli quantum software startup Classiq for about $2.3 billion
The deal, estimated at about $2.3B, deepens Intel's push into quantum computing software.
The Jerusalem Post · +14 outlets
Lockheed wins $694M U.S. Air Force contract and plans Patriot facility in Poland
The award and planned Polish facility expand Lockheed's Patriot-related footprint in Europe.
Seekingalpha · +6 outlets
US consumer confidence recovers in October as gas prices ease
The Conference Board's gauge rose as gasoline prices eased, a closely watched read ahead of the Fed decision.
AP News · +14 outlets
Big Tech lags the broader market after a historic September comeback
October marked a reversal from September, when the AI trade drove the market, as the average stock outperformed Big Tech.
MarketWatch · +2 outlets
S&P Dow Jones Indices and Kalshi partner to build prediction market indexes
The partnership aims to build event-based indices even as gambling-related lawsuits against prediction markets mount.
Crypto Briefing · +14 outlets
Microsoft set to report Q1 earnings with focus on Azure growth
Investors are focused on Azure growth ahead of Microsoft's quarterly report, alongside AI spending and its employee buyout program.
Yahoo Finance
General Motors to move stock listing from NYSE to Nasdaq on Nov. 17
The switch makes GM the first legacy automaker to list on the Nasdaq, part of a technology-focused repositioning.
Fox Business