Archive snapshot · Economy
Sun, Nov 1, 2:16 AM ET
OpenAI pares fundraising target by $10 billion, now seeking up to $20 billion
The cut reflects a broad slide in AI-linked stocks and investor doubts about returns on massive AI spending.
CNBC · +3 outlets
AI spending fears hammer Big Tech stocks as earnings disappoint
Investor concern that huge AI capex will not generate sufficient returns is spreading through equities and credit markets, including Asia.
Bloomberg · +10 outlets
FBI blames North Korea for $6 billion Binance crypto hack; Binance says 90% replenished
Binance's CEO said the exchange has replaced most customer funds from the record heist and will cover the remainder.
Bloomberg · +14 outlets
Apple overtakes Nvidia as world's most valuable company
The shift in market-cap leadership comes amid a tech rout driven by doubts over AI spending.
Bloomberg.com · +14 outlets
DoorDash agrees to buy Instacart to bolster defense against big rivals
The deal would consolidate two major US delivery platforms as they face competition from larger players.
Bloomberg.com · +2 outlets
DeepSeek releases autonomous coding agent aimed at rivaling Anthropic's Claude Code
The Chinese lab's prototype intensifies competition in agentic developer tools.
Bloomberg · +4 outlets
Anthropic's path to the Nasdaq just got a lot bumpier
Questions around the AI lab's IPO come as the sector's funding and valuation outlook darkens.
CNBC · +2 outlets
China's CXMT sales rise sevenfold as memory crunch cements its chip champion status
The memory-chip maker's growth underscores China's push into semiconductors amid a global supply crunch.
WSJ · +2 outlets
SoftBank-backed OPay halts NYSE IPO to respond to regulatory inquiry
The Nigeria-focused payments platform pulled its listing on the eve of trading.
Bloomberg · +4 outlets
Binance in talks for Malaysia license after five-year absence
The exchange is seeking a route back into a market that has blocked its website and apps.
Bloomberg · +4 outlets
Tesla rival? Ford CEO aims for 20% sales jump by 2032
The automaker's chief set the target as legacy carmakers navigate the EV transition.
WSJ · +3 outlets
Maine's data center revolt will decide who controls the Senate
Voter anger over data center power costs has become a central issue in a pivotal Senate race.
The Verge · +14 outlets
US voters focus on utility board races as energy bills rise
Rising power costs are pushing once-obscure utility elections into voter attention.
Bloomberg.com · +14 outlets
French economy unexpectedly shrinks as headwinds gain strength
The contraction adds to signs of weakening growth across major European economies.
Bloomberg.com · +7 outlets
Tesco strikes deal to sell Czech, Slovakia unit for €1.7 billion
The supermarket group is divesting Central European operations.
Bloomberg · +4 outlets
Czech billionaire offers €30 billion for Ray-Ban family's firm
The bid targets the EssilorLuxottica-linked eyewear empire, one of Europe's largest family-controlled businesses.
Bloomberg.com · +9 outlets
Audi cuts guidance and pledges to intensify efficiency measures
The Volkswagen unit trimmed its outlook as auto demand and costs weigh on results.
WSJ · +1 outlets
US opens $237 million first grid supply chain program
The federal funding aims to shore up the electric grid's component supply chain.
Forbes

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