Nasdaq futures tumble over 2% as Amazon and Intel earnings reignite AI spending fears
Weak quarterly results from Amazon and Intel drove a broad tech selloff and renewed investor doubts about the scale of AI capital spending.
MarketWatch · +14 outlets
Alphabet posts worst day ever, shedding about $500 billion in market value on AI search worries
Alphabet's earnings miss was read as the first sign that AI is eroding its core search business, dragging the broader market lower.
CNBC · +15 outlets
Binance hit by $6.3 billion crypto hack, the largest ever, as withdrawals are suspended
The record breach rattled crypto markets and prompted questions about whether frozen funds can be recovered, with blockchain analysts linking North Korea to the
CNBC · +14 outlets
Intel shares plunge as much as 26% on AI server chip shortfall and weak PC demand
Intel's worst day in two years erased roughly $128 billion in value and raised doubts about whether AMD faces the same pressures.
Barron's · +6 outlets
Amazon posts record free cash flow burn of $42.4 billion as AI buildout accelerates
The cloud unit grew 39% but soaring data center spending and negative free cash flow weighed on the stock.
CNBC · +13 outlets
Fed holds rates at 3.75-4% as PCE inflation climbs to a four-month high
Sticky inflation days before the midterms kept rate hike expectations alive, pressuring rate-sensitive assets.
TipRanks · +14 outlets
Anthropic's blockbuster IPO prospectus leaves key questions unanswered
The AI startup's filing disclosed heavy reliance on Google, Amazon and Microsoft ahead of a hotly anticipated listing.
CNBC · +2 outlets
Microsoft plans $25 billion debt offering to fund AI buildout
Microsoft is leaning on its top-tier credit rating to finance data center expansion while keeping free cash flow positive, unlike peers.
CNBC · +14 outlets
Exxon, Chevron and BP beat earnings as refining margins and diesel prices surge
Global fuel price volatility tied to conflicts drove sharply higher downstream profits, though Chevron flagged a Q4 output hit.
CNBC · +12 outlets
Bank of Japan holds rates and declares 2% inflation target met for first time since 2013
The BOJ's acknowledgment clears a path toward rate hikes, a shift with global bond market implications.
CNBC · +13 outlets
DoorDash to acquire Instacart for $17 billion
The deal consolidates food and grocery delivery as DoorDash positions against larger rivals.
TechCrunch · +14 outlets
US economy grows at 3.4% in third quarter on consumer spending and AI investment
The brisk GDP reading, the last major data before the midterms, complicates the case for near-term rate cuts.
AP News · +12 outlets
ECB President Lagarde resigns early, letting EU leaders pick successor
The early exit opens a leadership race at the central bank ahead of France's election.
AP News · +4 outlets
Eurozone growth slows to 0.4% in Q3 as France contracts
Weak French output and mounting debt concerns weigh on the currency bloc's outlook.
CNBC · +12 outlets
Gold hits four-month low and silver crashes below $50 on Fed hike fears
Rising rate expectations and a weakening physical silver market pressured precious metals.
Seekingalpha · +14 outlets
Starbucks sales miss as China shift clouds growth outlook despite US turnaround
US comparable sales beat expectations and the company will resume buybacks, but the international business fell short.
CNBC · +2 outlets
Iran claims four tankers struck mines in the Strait of Hormuz
Rising tension over the key shipping lane threatens global oil flows after the US midterms.
CNBC
Reddit shares sink on weak sales guidance and Google search traffic decline
Reddit also plans to test requiring all users to hold accounts as referral traffic shrinks.
CNBC · +1 outlets