Archive snapshot · Markets
Thu, Oct 29, 9:32 PM ET
Alphabet posts worst day ever, loses about $500 billion in market value on AI capex and search fears
Alphabet's revenue miss and heavy AI spending stoked fears that AI is now biting into its core search business, dragging the broader market lower.
CNBC · +14 outlets
Intel plunges about 21% on major guidance miss as chipmaker blames weak PC demand
Intel's warning of a slowing PC market hit chip and cooling-related stocks and weighed on futures.
CNBC · +4 outlets
US third-quarter GDP rises a better-than-expected 3.4% as September PCE inflation accelerates
Robust consumer spending and AI investment powered growth while accelerating prices kept a year-end Fed hike in play.
CNBC · +11 outlets
DoorDash to acquire Instacart for $17 billion in grocery delivery mega deal
The tie-up unites two delivery giants, combining DoorDash's restaurant base with Instacart's grocery partners.
CNBC · +14 outlets
Amazon posts negative free cash flow of $42.4 billion, holds 2026 capex unchanged
Amazon's AWS grew 39% but weak advertising and ballooning AI spending left investors disappointed.
CNBC · +12 outlets
Microsoft plans to raise about $25 billion in a US bond sale as it funds its AI buildout
Microsoft's debt raise underscores how even the strongest balance sheets are turning to credit markets to fund AI infrastructure.
CNBC · +13 outlets
Fed holds rates steady at 3.75%-4% as Warsh telegraphs 'forward silence'
The 10-2 hold came with bond market volatility and debate over whether the pause is a mistake, with implications for the AI trade.
Anadolu Ajansı · +15 outlets
Binance probes suspected security issue as Circle, Tether freeze $2.54 billion in funds
The largest crypto exchange said client funds are safe while stablecoin issuers froze assets, rattling crypto markets.
CNBC · +14 outlets
ServiceNow shares plunge 27% in worst day ever as earnings revive AI disruption fears
Underwhelming results dragged the software sector lower on worries that AI could disrupt incumbent software vendors.
CNBC · +5 outlets
Jensen Huang reportedly targeted in Chinese spy plot; Nvidia disputes report
Nvidia said the diversion allegations were investigated and debunked after a New York Times report on US intelligence surveillance.
CNBC · +9 outlets
Microsoft reports rising cloud sales showing payoff from AI
Azure growth helped Microsoft avoid the selloff that hit Alphabet, though the two sit on opposite sides of AI's largest bills.
Bloomberg.com · +14 outlets
Alphabet's historic drop drags US market lower as AI concerns pressure Wall Street
The Dow, S&P 500 and Nasdaq closed lower for the first time in four days, though most individual stocks rose.
ad-hoc-news.de · +14 outlets
Eli Lilly raises full-year guidance as Zepbound and Mounjaro sales surge
The drugmaker pointed to room for dramatic expansion of the obesity market.
CNBC · +14 outlets
Tech selloff deepens as S&P 500 futures sink and Nasdaq falls 2% on Amazon and Intel results
Weak results from Amazon and Intel spread AI-cost jitters across cooling and chip stocks.
Investing · +14 outlets
Reddit shares sink on weak sales guidance and login requirement test as Google search traffic shrinks
Reddit said it will require all users to create accounts as referral traffic from search declines.
CNBC · +2 outlets
Starbucks sales miss expectations, but US turnaround gains steam
US comparable sales beat forecasts while the international business fell short, leaving the stock lower.
CNBC · +6 outlets
Polymarket halts international trading and refers matter to UK authorities after hackers drain accounts
The outage hit days before an expected surge of midterm election trading.
CNBC · +1 outlets
Sandisk posts solid earnings and announces 8-for-1 stock split
AI-driven memory demand lifted results for a stock that has climbed more than 2,600% since separating from Western Digital.
MarketWatch · +1 outlets

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