Racks

Major indexes split as the Nasdaq rose on a semiconductor rally while the Dow fell on Apple weakness, with investors awaiting midterm election results.

Apple's shares fell nearly 2% after its margin guidance and slowing services growth disappointed Wall Street, marking incoming CEO John Ternus's first earnings report.

Wall Street weighed how a possible Democratic sweep could affect stocks, Treasury yields, energy, banks and healthcare, with nearly $1.9 billion traded on midterm prediction markets.

Meta's debt sale comes as tech giants' hidden AI-related debt swelled 90% to $3.2 trillion in six months, raising questions about the financing of the AI buildout.

The move would dismantle CVS's $117 billion healthcare empire and marks a strategic reversal for one of the largest US healthcare conglomerates.

Super Micro topped quarterly estimates and offered a strong outlook, citing a high-quality customer base fueling AI server revenue growth.

The large semiconductor merger, driven by the AI boom, prompted analyst downgrades and price target cuts for Marvell over integration and valuation concerns.

The earnings miss and slowing merchandise sales alarmed Wall Street amid a less forgiving market for high-multiple tech names.

The cuts are the entertainment giant's latest and largest round of job reductions this year as it targets cost savings.

The BLS report showed a 333,000 monthly increase in job openings and the lowest layoffs in 1-1/2 years, a positive sign for the labor market ahead of payrolls.

Anthropic's listing is being framed as a referendum on Big Tech's AI exposure, with investors pushing for a cautious valuation and Wall Street banks watching closely.

Binance has replenished 98% of affected assets after the breach, which put crypto custody and infrastructure at the center of the sector's next phase.

Palantir's earnings beat masked a foreboding slowdown signal in contract growth, dragging on a stock caught in the broader AI selloff.

The billionaire investor sees the midterm elections as a possible turning point for releasing the mortgage giants from government control.

Gains in Nvidia and other Big Tech names offset weakness in Apple, underscoring the shifting leadership in the market's largest companies.

CrowdStrike says the feature can halt internal AI agents, block relaunches and cut network access, as vendors race to secure enterprise AI deployments.

The earnings surge offers some relief to Saudi finances even as higher oil prices fail to solve the kingdom's longer-term budget pressures.

The settlement covers claims over the industrial chemicals known as forever chemicals and resolves a major legal overhang for the manufacturer.

Google said search access can be restored with AI Overviews after officials objected to the company disabling search at schools that ban AI tools.

OpenAI's disclosure of 250 million people using ChatGPT signals growing competitive pressure on Google's core search franchise.

Off-balance-sheet and related AI financing has surged, raising comparisons to past credit bubbles.

A J.P. Morgan strategist warned that a break below the level would sharply increase selling pressure and volatility in an already fragile tape.

Beijing revived tools from its 2024 playbook, telling banks to pause listings as it tries to stabilize a weak equity market.

The sale would hand the state-backed chip materials investment to a strategic buyer, reshaping Japan's semiconductor supply chain ownership.

Oil prices slid after the US and Iranian presidents signalled openness to a diplomatic solution to the Iran war, easing supply fears.

A UK cybersecurity chief said the fridge attacks are just the start, and warned that AI-driven attacks on critical infrastructure will be routine by 2028.

The government's equity stake in the struggling chip maker is deeply underwater as Intel's turnaround lags.

The Pershing Square founder's remarks came as speculative trading grew and fund managers debated whether the tech selloff had bottomed.

Pfizer is betting on cancer and weight-loss drugs for future growth and named a company veteran as its new CFO.

Softer oil prices and political uncertainty kept the metal rangebound as investors awaited election results.

The RBA's fifth hike drew public backlash as borrowers face the highest rates in nearly two decades.

The restaurant operator said Taco Bell is rebounding after the foodborne illness outbreak weighed on third-quarter sales.

The design software company called it 'our hardest year yet' as it cuts and relocates jobs.

Philips' third-quarter results included the charge tied to the recall settlement, which revived confidence in profitability.

The repeated fee increases underscore pressure on airline economics from rising fuel prices.

Todd Boehly's consortium bought frozen Lukoil securities at a 70% discount, moving toward a $22 billion asset deal.

The longtime Wall Street law firm is winding down operations while rival Kirkland & Ellis moves to hire its lawyers.

Rising food costs prompted the bankruptcy of the franchise operator, a sign of stress in casual dining.

The weak labor data came in the run-up to national elections.

The activist investor criticized long lines and overcrowding while halving its slate of director nominees.

Nancy Bass Wyden signed off on a pandemic loan that was off-limits because she is married to Sen. Ron Wyden.

Teamsters-represented garage workers rejected a contract offer, raising the prospect of travel and event disruptions.

Two board members purchased shares in open-market transactions, a signal of insider confidence.

Developers are catering to wealthy buyers seeking berths for ever-larger yachts.