Section
Markets
What moved stocks, bonds, oil, gold and the dollar, and what traders are watching next.
Market data by TradingView. Some quotes may be delayed. Not investment advice.
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The Nightcap: Iran gap risk for Sunday's reopen, after oil's 13% weekly drop
US futures are shut until 6 PM ET Sunday. December WTI fell 12.8% in a week on hopes the midterms would end the Iran war, and analysts told CNBC the Gulf is heading the other way.
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Israel's Herzog gives Eisenkot the first shot at a government, backed by 67 lawmakers to Netanyahu's 46
The president's office says the former army chief gets the mandate on Sunday. Whether he can use it depends on Arab parties holding 19 seats and a rival who refuses to sit with them.
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Update: Tesla adds a Cybertruck shift, says orders exceed what it can build before the line closes
Musk said Saturday the backlog is "far more" than Tesla can make before it dismantles the Austin line around June or July 2027. He gave no backlog number.
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Binance CFO Kaiser Ng quits days after the $6.3 billion hack, and the exchange says it was planned
Co-CEO Yi He says Ng is leaving for a new venture after more than five years, with a handoff plan "over the last half year." Justin Yek takes over as finance chief. Binance has not tied the exit to the theft, and nothing we found does either.
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White House starts review of SEC crypto broker-dealer rules, but nobody outside has seen the text
The White House budget office logged the SEC draft on November 3 as economically significant. The record names the rules in play, not the changes, and the SEC's own timetable has slipped four months.
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Paraguay's Senate removes President Peña 44-0 and puts him under house arrest after Ueno Bank collapse
Vice President Pedro Alliana was sworn in until August 2028. Nearly half of Paraguay's people were locked out of savings when regulators seized Ueno Bank on Nov. 3.
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Weekend brief: Berkshire's operating profit slips 6% as it buys back $9.6 billion, and CPI lands Tuesday
Futures reopen at 6 PM ET Sunday after a week that left the Nasdaq in correction. Friday's closes, Berkshire's third-quarter numbers from its own release, and the dates that matter next week.
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China's central bank buys 830,000 ounces of gold in October as prices fall, a 24th straight month
The People's Bank of China now holds 78.3 million ounces after adding gold through a month in which the metal fell almost 7% and closed below $4,000. Buying into a drop is the signal traders are reading.
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The Nightcap: chips bounce, an Anthropic IPO price is in doubt, and futures reopen Sunday
US futures are shut for the weekend after Nasdaq futures recovered 1.3% Friday, about a fifth of Thursday's fall. Anthropic investors are marking down the IPO, and Trump named Stephen Miller chief of staff.
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Wheaton books record $2.6 billion in nine-month revenue, up 80%, as gold sits 25% below its peak
The streaming company's Q3 revenue rose 62% to $772 million on a 36% higher realized price, but gold ounces produced fell 8% and net earnings grew only 12%.
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KPMG pays $224.5 million to settle Silicon Valley Bank auditor claims
Norway's sovereign wealth fund and Sweden's AP7, co-lead plaintiffs, announced the settlement in principle on November 6. It is the first recovery in the SVB investor class action, which continues against other defendants.
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Musk loses $79.7 billion in a day as SpaceX falls below its IPO price and Tesla drops 10.8%
Both stocks fell for a second straight session after the midterms, and the Nasdaq fell 5.5%. Investors cite possible congressional probes and Texas data center rules, but no investigation of Musk has been announced.
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Nasdaq rebounds 1.1% but ends the week down 3.4%, as chips claw back 4.2% of Thursday's 12% rout
The S&P 500 rose 0.3% while the Dow slipped 0.5% after a hot jobs report pushed the 2-year yield up 5 basis points. Nvidia and Micron bounced, but the Nasdaq is still in correction.
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OpenAI's CFO says data center spending goes on despite the vote, and Anthropic's filing shows what that costs
Sarah Friar told CNBC the midterms changed little and that OpenAI will keep raising capital. Anthropic's S-1 puts a number on the bill: $895.4 billion of compute commitments, $69.8 billion of it due within a year.
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India's Dhanteras gold sales rise 15-20% in value, but volumes stay flat as prices stay high
Jewellers say the price drop from January's record brought buyers back for Dhanteras, with trade bodies estimating about Rs 60,000 crore of gold sales. The gap between value and volume is the real story.
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Fox closes its $22 billion Roku takeover and pledges to keep the platform open
Roku shares stopped trading on the Nasdaq on Friday as Fox Corp completed the deal. Roku holders get $95.30 in cash plus 0.9799 Fox shares each, and Fox targets $400 million in cost savings.
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Chips bounce 3% on Friday after the rout, but the Philadelphia index is still about 36% off its June peak
Dip buying lifted tech Friday morning, with Nvidia up 3.7% and TSMC up 4.9%. Outlets disagree on how much value the selloff erased: $2.3 trillion or $2.5 trillion.
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Goldman slashes its year-end gold forecast to $4,150 from $4,650, saying the Fed hike has changed the trade
The bank also cut end-2027 to $4,800 from $5,400. Gold futures near $4,042 are only 2.7% below the new year-end number, so the cut mostly lowers the ceiling.
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EU charges TikTok over its "rabbit hole" feed, putting up to 6% of ByteDance revenue at risk
The European Commission says TikTok's For You recommender fails to limit harm to users' mental health. It is the second set of preliminary findings against the app this year under the Digital Services Act.
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US adds 165,000 jobs in October, nearly triple forecasts, and the rate-hike case gets stronger
Unemployment slipped to 4.1% and August and September were revised up by a combined 84,000. Wages rose 0.4% in the month, which matters to a Fed already debating a December increase.
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Anthropic's IPO price slips again: investors now talk $1.2-1.3 trillion, down from $1.5 trillion
After the Nasdaq 100's worst day on record, prospective buyers are marking down the Claude maker, and one told the Wall Street Journal $1 trillion is closer to the mark. The roadshow was due to start next week.
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Trump blames Democrats for the stock plunge: the S&P 500 was already 3% off its high before the vote
In a Truth Social post, the president said the market had "one of the Worst Days in History" because of the election. The numbers show a bad day, the worst since April 2025, but not a historic one, and the slide began before Election Day.
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ING is reportedly shopping $500 million of data-center loans, including a slice of Stargate
Bloomberg reports that the Dutch bank is auctioning 12 loans, with bids due November 19. ING has not confirmed it, and the price is the number that will say whether this is routine or a warning.
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Taiwan unleashes its NT$500 billion stabilization fund as the Taiex sinks 20% from its peak
The Taiex fell 4.51% to 39,701.64 on Friday after plunging as much as 9%. The fund committee authorized its 10th market intervention, and regulators moved to curb short selling.
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Google, Meta and TikTok sue California to kill its under-16 ban on personalized feeds and autoplay
Three separate federal suits filed November 4 name Attorney General Rob Bonta and argue AB 1709 violates the First Amendment. The law, with penalties up to $50,000 per minor, takes effect January 1, 2027.
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Nasdaq's 5.5% drop spreads: Nikkei and Kospi fall 6%, Taiwan 4.5%, Europe down about 2%
Investors worried that a Democratic Congress could slow the AI build-out and that the spending may never pay back. Asia closed hard on Friday, Europe fell less, and the Nasdaq is now about 12% below its October peak.
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Musk says Tesla will wind down Cybertruck production in Texas around mid-2027
The announcement came in a post on X, not a Tesla filing. The plant space goes to Cybercab, and sales of the pickup have run far below the 250,000 a year Musk once projected.
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Tesla to wind down Cybertruck at Giga Texas by mid-2027, Musk says: "end of an era"
Elon Musk said the Austin plant will make room for more Cybercabs. Cybertruck sat inside an "Other Models" line that delivered just 8,295 vehicles in the third quarter, down from 12,364 in the second.
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Before the bell: Nasdaq futures rebound 1.3% after the AI rout, but Dow futures slip ahead of jobs data
The S&P 500 sits 5.9% below its October record after its worst day since April 2025. October payrolls at 8:30 AM ET are expected at 59,000, and Asian and European stocks fell again overnight.
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The Nightcap: futures steady after the worst day since April 2025, but Asia's chip rout and Friday's jobs report loom
S&P 500 futures are 0.1% above Thursday's settlement at 8:52 PM ET, though CNBC's live blog still had them lower. Nikkei and Kospi chip names are sinking and payrolls arrive at 8:30 AM ET.
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Japan's Nikkei falls into a bear market and Korea's Kospi halts on an 8% plunge as the AI rout hits Asia
Friday's Asian open carried Wall Street's worst day since April 2025 across the Pacific. The Nikkei is more than 20% below its June peak, and the Kospi's circuit breaker stopped trading for 20 minutes.
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Bank of England hikes to 4% and says inflation will near 5%, with one vote for a bigger move
The first UK rate rise in three years passed 8 to 1, and the dissenter wanted half a point. The Bank blames an energy shock it says is still growing, the same one the Fed is wrestling with.
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Bitcoin falls 6% to a seven-week low near $75,500 as the AI selloff erases its election bounce
Bitcoin gave back all of Wednesday's post-midterm gain and slipped under its 50-week average as stocks had their worst day since April 2025. Ether, down 8.5%, fell harder.
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Fed's Hammack and Barkin make the case for hiking in small steps, as stocks sink 4%
The first Fed speeches since Democrats won Congress argue for "gradual" increases. The 2-year Treasury yield has fallen 15 basis points in three days to 4.46%, still well above the 3.75% to 4% policy range.
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Wall Street ends its worst day since April 2025: Dow down 1,833 points, VIX at 28, chips crushed
The Nasdaq closed in a correction, the S&P 500 fell 4.4% and the Philadelphia chip index lost more than 12%, erasing Wednesday's post-election rally.
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Update: Nasdaq plunges 5% as the chip rout deepens, and the Dow gives back all of Wednesday's rally
By early afternoon Thursday the Nasdaq Composite was down about 5.2%, the S&P 500 about 4% and the Philadelphia chip index more than 10%. These are live readings, not closes.
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Mississippi and Alaska Senate races stay too close to call, with Democrats ahead in both
Democrats already hold Senate control, 54-44 in NBC's tally. The last two seats, Scott Colom vs. Cindy Hyde-Smith and Mary Peltola vs. Dan Sullivan, could push it to 56, but neither has been called.
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Nasdaq falls into a correction as chip stocks crater, giving back Wednesday's whole rally
The Nasdaq Composite is down about 4% and the Philadelphia chip index about 9% at midday Thursday, with the S&P 500 off more than 3%. The Dow's 1,500-point election rally is mostly gone.
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Gold climbs back above $4,100 after the midterms, but most of the gain came Wednesday
Gold futures are up about 5% from last Friday's low and silver 6%, yet the dollar has barely moved and gold is still 23% below its January high.
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Hong Kong jails Joshua Wong for 10 more years, two months before his release date
A Hong Kong High Court sentenced the pro-democracy activist to a decade under the national security law for colluding with foreign forces. He had been due out in January 2027, and Washington, London and Taipei criticised the ruling.
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China blocks SoftBank's $5.4 billion purchase of ABB's robotics unit, ABB confirms
ABB says Chinese regulators "prohibited" the deal, which had cleared Beijing's competition review in February. The FT reports the sticking point was a security review of robot data and supply chains.
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Before the bell: Gold hits $4,146 and Nasdaq futures slip 0.6% as the Bank of England decides on a hike
Dow futures are up about 0.7% and gold 1.8% from Wednesday afternoon, while Nasdaq 100 futures are 0.6% lower after chip earnings. ConocoPhillips, Cigna and Cummins report before the open; Airbnb and Cloudflare after the close.
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The Nightcap: Nasdaq futures slip 0.8% as Qualcomm and Arm fall, gold jumps 1.7% past $4,140
After Wednesday's 3% Dow rally, S&P 500 futures are 0.2% below the 4:00 PM ET level and Nasdaq 100 futures 0.8% lower, while gold futures are up 1.7% and WTI crude is down 1.4%.
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Oracle drops a $7 billion deal to lease AI chips to Tencent after US pushback, FT reports
The Financial Times says the Trump administration raised concerns about up to 100,000 chips going to a Chinese buyer through Asian data centers. Oracle shares fell 1.9% on a day the Dow jumped 1,569 points.
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Dow jumps 1,569 points to 53,356 as oil sinks 8% and Democrats take Congress
Stocks closed sharply higher Wednesday: the Dow gained 3.0%, the S&P 500 1.6% and the Nasdaq 1.4%. West Texas crude fell 8% to $88.41, gold topped $4,000 and the VIX dropped to 16.6.
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Update: CVS stock drops 11% after announcing its breakup, wiping out about $13.5 billion
Investors marked CVS down about $13.5 billion in market value after it said it will split pharmacies from Aetna and Caremark. Analysts say the open question is whether the links between the two halves survive.
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Novo Nordisk raises its 2026 outlook as Wegovy pill sales hit DKK 5.4 billion, but US sales are still falling
Novo lifted full-year sales growth to a range of -2% to +2% from -6% to 0% and obesity sales grew 22%, yet its US business is still guided to decline. The ADRs rose about 6% after a year in which they fell a third from their January peak.
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Dow jumps more than 1,200 points as Democrats sweep Congress, and has since added more
Stocks rallied Wednesday after Democrats won control of the House and Senate. By midafternoon the Dow was up about 1,530 points, or roughly 3%, while the 10-year yield eased to about 4.90%.
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Trump says stocks hit a record high after the midterms, but all three major indexes are below their peaks
The president wrote that the market "just hit another Record High." The S&P 500, Dow and Nasdaq all jumped Wednesday, yet none is at a record, by CNBC's FactSet figures and by our own check of closing data.
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Vance blames the Iran war for the GOP wipeout as oil slides: Brent near $99 and falling
The vice president said "everyone knows why we lost" after Democrats flipped both chambers. Crude was down more than 4% on CNBC's morning reading, and Tehran says Americans voted "no to war."
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Musk spent $474 million on the midterms and Texas flipped anyway: what it puts at risk
Democrats now control Congress and will hold the Texas governor's office, where Tesla and SpaceX have their biggest footprint. The Republican Legislature limits what Gina Hinojosa can do, but permits, incentives and congressional oversight are now in play.
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Update: CoreWeave and Iren fall 9% to 12% after Texas flips, while Microsoft and Amazon rise 7%
By late morning Wednesday the AI data center trade had split in two: neoclouds and memory sold off on the Texas governor result, while the hyperscalers that would pay for the buildout rallied. Here are the live numbers.
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UK cyber chief warns AI will exploit old infrastructure flaws at scale by 2028: 75% of CNI incidents were state-linked
NCSC chief Richard Horne said in June that about three in four of 200-plus incidents at critical national infrastructure were believed linked to states. The agency's new Annual Review, published November 3, repeats the AI warning.
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Hormuz claims vs confirmed: Trump owns the Qeshm strike, Iran's four-tanker and MQ-9 claims stand alone
Trump called the US strike on Qeshm Island a "minor attack." The IRGC's claims of four tankers destroyed by mines and a US MQ-9 shot down have no US or independent confirmation. Here is what is established, what is not, and what was left out.
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Oracle scraps $7 billion Tencent AI chip lease under US pressure, FT reports
A single-source report: the Financial Times says Oracle dropped a five-year, 100,000-chip lease to Tencent after Trump administration officials objected. Reuters could not verify it, and Oracle, Tencent and the White House have not responded.
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Solar stocks jump up to 10% after the Democratic sweep: First Solar +9.8%, Enphase +10.2%
Clean-energy shares are rallying as AI data center names slide, a rotation strategists are calling the "blue trade." Here are the moves, what is driving them, and what has not changed yet.
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Datadog drops 13% before the bell after a $1.20 billion quarter and a guide that goes no higher
Datadog beat its own third-quarter forecast by about $60 million, then guided fourth-quarter revenue to $1.19 billion to $1.20 billion, no higher than the quarter it just reported. Shares were down 13.3% in pre-market trading.
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CVS to split in two by 2028, separating 9,000 pharmacies from Aetna and Caremark
CVS Health said it will become two public companies in the first half of 2028, unwinding the 2018 Aetna deal. It paired the news with a third-quarter beat and a higher 2026 profit forecast, and the stock is indicated lower before the open.
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Update: Palantir slips again after its Q3 beat as shorter enterprise contracts draw scrutiny
Palantir fell 1.65% to $175.40 on Tuesday after trading as low as $165.25, 16% below its October 9 high. The worry is not the quarter but how long its new corporate customers are signing for.
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Gold jumps 2.7% back above $4,000 after the Democratic sweep, but Friday's jobs report decides if it holds
A weaker dollar and lower yields lifted gold futures to about $4,048 on Wednesday morning. Traders still price roughly a 79% chance of a December Fed hike, which is the main threat to the rebound.
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Before the bell: Dow futures jump 1.5% and gold tops $4,000 after Democrats sweep Congress
Futures reversed overnight losses, with Dow contracts up about 1.5%, gold up 3.1% and December crude down 1.3% from Tuesday afternoon. McDonald's, Uber and CVS report before the open; Qualcomm and AppLovin after the close.
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Update: CNBC projects Democrats win Senate control; AP has Texas, Iowa, Kansas, Ohio flipping
Since our 10:52 p.m. update: CNBC's Election Desk projected at 11:41 p.m. ET that Democrats hold at least 51 Senate seats. S&P 500 futures were 0.5% below Tuesday's close at 12:30 a.m. ET and Nasdaq 100 futures 0.7% below.
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Update: CNBC projects Democrats win the House; AP says Andrews flips South Carolina Senate
Since our 9:27 p.m. update: CNBC's Election Desk projects at least 225 Democratic House seats, AP projects Annie Andrews beats Sen. Darline Graham, and CNBC rates Kansas and Ohio "leans D." Stock futures were down about 1% to 2% at 9:58 p.m. ET.
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Update: Democrats win Georgia and North Carolina, Moody holds Florida, Texas Senate "leans D"
Since our 8:41 p.m. update: Mike Collins conceded to Jon Ossoff, AP projected Republican Ashley Moody the winner in Florida, and CNBC rates Texas "leans D" and South Carolina "too close to call."
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The Nightcap: Nasdaq 100 futures fall 1.6% as Democrats win Senate calls, even with AMD up 8%
Tech futures slid in the first minutes after 8 PM ET, as House control was projected to lean Democratic. AMD jumped after hours on a data-center beat, gold gained and the 10-year yield closed at 4.95%.
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Update: AP projects Ossoff and Cooper win, and CNBC says the House leans Democratic
Update to our election-night schedule: with 13% of North Carolina precincts in, Roy Cooper leads Michael Whatley 64% to 34%, and CNBC says House control "leans Democratic." Stock futures were down about 0.5% at 7:34 p.m. ET.
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Fitch warns France: outlook cut to negative, debt seen at 124% of GDP by 2028
An unscheduled review kept the A+ rating but moved the outlook to negative. The number that changed most is the one nobody headlined: the fiscal tightening needed just to stop debt rising.
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Apple falls 1.9% after guiding margin down to 45%-46%, the first miss of the Ternus era
Apple's December-quarter gross margin forecast sits below the Street's 46.3% average, and the CEO's first call drew complaints about vague answers. Revenue guidance was actually better than expected.
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Election night: polls close at 6 p.m. ET, and the Senate seats that matter report from 7 p.m.
Of the 35 Senate seats up tonight, 4 close at 7 p.m. ET, 3 at 7:30 and 12 at 8 p.m. Here is the full closing schedule, no results yet, and what bond and stock traders are watching into Wednesday's open.
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Apple's 10-K warns AI agents may "defy directions": AI mentions jump from 6 to 55
Apple's fiscal 2026 annual report adds a new warning that AI agents can act on their own and may behave "in unintended or unpredictable ways." Our word count of the two filings shows the AI language grew ninefold. The filing describes risks, not incidents.
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Team USA stake sale: Olympic committee hires Raine, Sky News says deal could be worth billions
The USOPC is reported to be close to creating a company that would sell outside investors a stake in Team USA's commercial rights. No price, stake size or buyer has been published, and the committee confirms only that it is "evaluating a range of commercial models."
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New Jersey's governor tells ports to turn away Russian diesel Trump's Treasury allowed, with diesel at $6.29
Gov. Mikie Sherrill says importing it breaks a 2022 federal ban and threatens civil and criminal penalties. Treasury's license runs to April 7, 2027, and the administration says it is legal. Whether New Jersey can actually stop a tanker is unclear.
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Super Micro posts $19.9 billion quarter, but margin falls to 12.7% and operations burn $434 million
The server maker beat even its own raised preview, guided December-quarter sales to $19.5 to $21.5 billion and the full year to $72 to $82 billion. The profit rate and the cash flow tell a different story from the headline.
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Greenland's parliament approves the US-Denmark security deal 16-0, with 7 abstentions
The agreement paves the way for more US bases and an expanded Pituffik Space Base. Denmark's parliament debates it later this month; the US Senate does not need to vote.
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AMD posts a record $13.4 billion quarter and guides to $17 billion; shares jump 7% after hours
Data center sales nearly doubled to $8.5 billion, and AMD says revenue beat the top of its own guidance. The fourth-quarter outlook implies a 27% jump in one quarter. The shares were already 25% below their October high.
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Gas hits $4.15 on Election Day, a record for a vote day, but 2012 and 2022 cost more adjusted for inflation
AAA puts the national average at $4.149 for Election Day 2026, about 35 cents above the 2022 midterm. Adjusted for inflation, 2012 and 2022 still cost more at the pump.
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Meta seeks up to $25 billion in bonds as AI spending hits $34.9 billion in a quarter and cash flow goes negative
Meta filed a five-tranche dollar note offering on November 3 and a euro leg may follow. Its free cash flow was negative $2.12 billion last quarter, and long-term debt stands at $80.9 billion.
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Trump says Israel's $4 billion a year in US aid is ending, but a signed deal promises $3.8 billion through 2028
On Fox & Friends on Election Day, the president said Israel will stop receiving about $4 billion a year. The signed memorandum of understanding is $3.8 billion a year through fiscal 2028, and Congress appropriates the money. Neither the White House nor Netanyahu's office has explained the plan.
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Stocks close Election Day mixed as JPMorgan sees a blue wave costing the S&P 500 0.5%
The S&P 500 and Nasdaq rose and the Dow fell on Election Day, while the 10-year Treasury yield rose to 4.95%. Here is what banks say each outcome could do to stocks on Wednesday, and who it touches beyond Wall Street.
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Marathon sells two refineries to Icahn's CVR Energy: $4.2 billion headline, about $5 billion with working capital
The $4.2 billion price in the headlines is only the base. CVR's own filing adds $0.8 billion for working capital, and lays out how a company with $1.3 billion in cash plans to pay for it.
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Central banks bought 321 tonnes of gold in Q3, but jewelry sank to a record low and the price is down 26%
The World Gold Council says total demand held at 1,369 tonnes, with central banks and ETFs filling the hole left by shoppers. Gold futures sit about 26% below the January peak.
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Aramco profit jumps 34.5% to $36.3 billion as attacks hit its pipeline, but $5 billion was a one-off
Saudi Aramco's third-quarter underlying profit rose a more modest 9% to $31.2 billion, with free cash flow at $28.2 billion and a $21.9 billion dividend, in a quarter when drones shut its East-West pipeline.
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Energy Transfer lifts 2026 EBITDA outlook to $19.7-19.9 billion, eyes $7 billion of 2027 growth spending
Third-quarter adjusted EBITDA rose 31% to $5.03 billion, but nearly half the gain came from Sunoco, and the new guidance implies a softer fourth quarter.
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The CFTC lets stock perpetual futures trade on U.S. exchanges for the first time
Chairman Michael Selig said Tuesday that perpetual futures on individual stocks can begin trading on CFTC-registered exchanges, taking a crypto-born product into the regulated equity market.
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Before the bell: Oil jumps 2.7% and Dow futures drop 0.7% as Apple slides and America votes
Dow futures are down about 0.7% and December crude is up 2.7% from Monday's afternoon prints, while Apple and Palantir fall premarket. Pfizer, Shopify and Eaton report before the open, AMD after the close.
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The Nightcap: Nasdaq 100 futures hold at 28,252 after the tech rout, with midterms and AMD next
Futures are nearly flat from the 4 PM prints as Apple slips after hours and a reported U.S. strike on Iran's Qeshm Island nudges oil up. Tuesday brings the midterm elections, AMD and Super Micro earnings, and JOLTS.
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Apple posts record $114.5 billion quarter, but a tariff refund padded the margin and iPad fell 10%
In John Ternus's first report as CEO, Apple beat revenue estimates by about $1.1 billion. The release shows a tariff refund lifted gross margin by roughly a point and EPS by 5 cents, and the new iPhone Duo is not in the numbers yet.
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Palantir doubles revenue, but new contracts signed grew only 6%: the number behind the beat
Palantir's third-quarter revenue rose 96% to $2.313 billion and U.S. commercial sales passed U.S. government sales for the first time. The contract value it signed in the quarter rose just 6%, and its fourth-quarter guide implies slower growth.
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Nasdaq falls 1.1% as Marvell, Lumentum and Oracle slide, while the Dow rises and oil drops 7.7% to $96
The S&P 500 lost 0.5% to 7,541.40 on a second straight tech selloff, even as crude's biggest one-day drop in weeks cut energy stocks 4% and the 10-year yield eased to 4.91%.
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Hackers heat supermarket freezers to 50C across Belgium, Sweden and Ireland: a second attack in a month
A Monday overnight attack on refrigeration controls hit Delhaize, Colruyt, Carrefour, ICA, Coop and SuperValu stores, spoiling stock and echoing an October attack in France. No one has claimed it, and no ransom was reported.
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Anthropic's revenue growth slows to 47% a quarter as compute costs jump 77%, amended S-1 shows
The updated IPO filing puts third-quarter revenue at $16.96 billion and swings the company to a $567 million operating loss. The $104 billion nine-month net loss that grabs headlines is mostly something else.
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Oracle files to sell $10 billion of stock and $10 billion of bonds; shares fall 5.5%
The filings turn last week's Investor Day plan into an offering: about 76.5 million new shares at the October 30 price, six bond maturities, and a credit market already pricing Oracle like a high-end junk name.
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Marvell's $115 billion Lumentum deal is already worth about 27% less per share
Marvell agreed to buy Lumentum for 4.5 of its own shares apiece. The $1,132 headline price was set on October 28 prices; at Monday morning's quotes the offer is worth roughly $827, and Lumentum trades below even that.
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Before the bell: oil drops 4.5% on Iran peace hopes and futures bounce after Friday's 1.8% S&P 500 rout
December WTI is near $99 and Nasdaq 100 futures are up 0.9% before ISM manufacturing at 10 a.m. ET, with the midterms Tuesday and the October jobs report Friday.
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Citi slashes its lithium price forecast 40% and Australian miners slide to 52-week lows
Citi cut its three-month lithium carbonate target to $12,000 a tonne from $20,000, citing weaker battery demand. Liontown and PLS touched 52-week lows on the ASX.
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Gold falls 3.3% to $3,899, its lowest close in a year, as silver sinks 5.9% and bond yields fall
The Friday, Oct. 30 slide took gold futures to a 6.9% October loss and 26.7% below the January record. The usual explanation, higher rates, does not fit the day: Treasury yields and the dollar both fell.
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Intel plunges 28.6% in a day: a record data-center quarter, then a 25-cent profit forecast
Intel beat on third-quarter revenue ($16.5 billion, up 21%) and data-center growth of 78%, but guided fourth-quarter earnings to $0.25 a share and said the PC slowdown lasts into the first half of 2027. The stock fell from $92.07 to $65.76 on Friday, Oct. 30.
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Alphabet suffers its worst day on record, down 12.6%, despite Cloud growth of 103%
Google's parent beat on revenue and Cloud, but its own filings show free cash flow turned negative at minus $9.1 billion as quarterly capital spending hit $51.4 billion. The stock fell from $324.89 to $283.82 on Thursday, Oct. 29.
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US economy grew 3.4% in the third quarter, but September inflation ran 3.6% and real income fell 0.3%
BEA's two Oct. 29 releases pull in opposite directions: strong growth, and an inflation rate of 3.6% with core at 3.1%. After inflation, Americans' spending was flat in September and the saving rate was 3.8%.
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The Nightcap: Nasdaq futures bounce 0.75% after Intel's 29% crash and a 2.9% Friday rout
Futures reopened higher on Sunday night, but they are recovering from a Friday in which the S&P 500 fell 1.8% and Intel had one of the worst days in its history. ISM manufacturing data lands Monday and the midterms Tuesday.
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China's factory PMI falls to 49.3 as production, orders and construction contract
China's official manufacturing PMI reversed below 50 in October, while non-manufacturing and composite gauges also contracted. High-tech factories still expanded, but smaller manufacturers, construction and domestic demand carried the weakness.
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OpenAI cuts funding goal by a third to $20 billion as target valuation falls $150 billion
OpenAI is now seeking about $20 billion at a reported $1.25 trillion valuation, down from a $30 billion goal and $1.4 trillion target. The financing has not closed, and the company did not confirm the revised terms.
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Oil ends October at six-month high: active Brent $113.43, WTI $104.12
Oil finished Friday at its highest settlement since late April as shipping risk kept a war premium in crude. The useful weekend benchmark is January Brent at $113.43, not the expired December contract at $117.64 that appears in some headlines.
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Weekend brief: Nasdaq drops 2.9%; jobs and ISM put the economy back in focus
The Nasdaq ended Friday at 25,437 after falling 2.9%, even as Treasury yields declined. With futures closed Saturday, the next tests are factory surveys early in the week and the October jobs report Friday.
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The Nightcap: Nasdaq futures fall 3.45%; Sunday reopen is the next test
U.S. stock-index and gold futures are closed Friday night after a bruising session. Nasdaq 100 futures dropped 3.45%, gold lost 3.63% and Treasury yields declined. The next priced evidence arrives when futures reopen Sunday.
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S&P puts Meta on negative outlook as 2027 cash deficit could hit $71 billion
The rating agency kept Meta at AA- but warned its AI buildout could keep free operating cash flow negative beyond 2028. The forecasted 2027 deficit equals about 86% of Meta's quarter-end cash and marketable securities.
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Gold sinks 3.5% to a one-year low as the tech rout spreads
December futures settled 3.3% lower at $3,898.90, while silver broke below $50. The unusual part was gold falling even as Treasuries rallied.
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Nasdaq slides 2.9% as Intel crashes 29.8% and the chip rout deepens
The index was down more than 4% across two sessions by 12:59 p.m. ET. Intel, AMD and Nvidia show that Friday's selloff has spread beyond one earnings miss.
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Refining margins lift Exxon Energy Products and Chevron downstream earnings
Exxon's adjusted Energy Products earnings more than doubled from the second quarter, while Chevron's downstream earnings more than quadrupled from a year ago. Both broader segments benefited from stronger refining margins.
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Utah’s 14 criminal counts against Kalshi turn $114.87 in alleged wagers into a federal-state test
The filing contains 13 felonies and one misdemeanor. Its fee trail explains the state’s theory, while Kalshi and the CFTC contest who has authority.
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Nasdaq falls 1.4% as Alphabet slumps 12.6%, despite faster GDP growth
The Nasdaq lost 365 points while the S&P 500 slipped 0.3%. Separate economic releases showed stronger output and persistent inflation, keeping the market selloff and the macroeconomic picture on different tracks.
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Microsoft beats, Alphabet slumps 10% as AI spending turns Alphabet cash-flow negative
Both hyperscalers are spending record sums on artificial intelligence. After the close on Wednesday the market split them on one line: Microsoft kept its free cash flow positive, while Alphabet burned $9.07 billion and posted its first full miss in nearly four years.
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Stellantis slashes its quarterly loss 90% to 453 million euros, reaffirms 2026 outlook
The Jeep and Fiat maker returned to a year-to-date profit and kept its full-year guidance, but most of the improvement is the absence of last year's giant one-off charges, not a jump in underlying profit.
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Airbus holds its 870-jet 2026 target, banking on a record fourth-quarter surge
Airbus kept all of its full-year targets after nine months, but it has delivered only 547 of a planned 870 commercial jets, leaving a delivery push larger than anything in its history for the final quarter.
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Oracle bets on a $30 billion cash-flow turnaround by 2029 as AI capex peaks
At its October 28 Investor Day, Oracle told investors the cash drain from its AI data-center buildout reverses: positive free cash flow in the second half of fiscal 2028 and $30 billion or more in fiscal 2029.
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Anthropic may hand retail investors up to 20% of its IPO, warns some AI risk is uninsurable
Bloomberg says Anthropic is weighing a 15% to 20% retail allocation, led by JPMorgan. The S-1 itself warns that no insurer, or the whole industry, may be able to cover a catastrophic AI incident.
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Elvis Presley's owners sue Anthropic over 274 songs, seeking up to $48.6 million
The rights holders say Anthropic copied the lyrics to 274 Presley recordings to train Claude and stripped the credits. The $41.1 million headline is the copyright claim alone; two DMCA claims take it to $48.6 million. Anthropic says it will defend.
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Fed holds at 3.75% to 4% as Cook and Hammack dissent for a hike: 'inflation remains elevated'
The 10 to 2 vote leans hawkish: the statement calls growth strong and inflation elevated. Stocks barely moved, while oil kept climbing and the 10-year yield sits near 5%.
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Before the bell: SK Hynix's sevenfold profit jump sends Kospi up 6.6% and Nasdaq futures higher ahead of the Fed
Nasdaq 100 futures are up 0.4% and Dow futures are down 0.2% before the Federal Reserve decides at 2 p.m. ET, with the 10-year yield at 4.99% and December WTI back above $101.
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US grants Flávio Bolsonaro visas after a 4.4 million-vote loss; Lula blasts 'licking American boots'
A senior State Department official says the visas will be issued to the Brazilian senator and his family as a sealed Supreme Court order demands his passports. Reports conflict on where he is, and he has not conceded.
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Judge Ana Reyes blocks Trump's DC golf overhaul after 430 trees were cleared; Trump says he'll appeal
A 70-page preliminary injunction bars more tree removal at East Potomac Park and requires ten business days' notice before any irreversible change. Trump says the course still closes November 15.
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Jio Platforms jumps 21% in its debut after India's biggest IPO, a $3.2 billion raise
The Reliance telecom and digital unit, backed by Meta and Google, sold 302 billion rupees of shares and was 22 times oversubscribed.
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The Nightcap: futures edge up before the Fed, with a 95% hold priced and Microsoft and Alphabet due Wednesday
S&P 500 futures are 0.14% above Tuesday's cash close at 9:01 PM ET. A real-money market gives the Fed a 95% chance of holding at 3.75%-4%, and SK Hynix posted record profit.
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Israel exit polls give Netanyahu's bloc 50 seats, short of 61, and leave Iran policy up for grabs
Exit polls from Israeli TV stations show no bloc near a majority, with Arab parties at 17 to 18 seats and weeks of coalition talks ahead. Oil barely moved when we checked.
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JetBlue jumps 19% after denying restructuring talks, but its equity is down 37% in nine months
The CEO says there is no bankruptcy plan, and the Q3 filing shows $2.2 billion of liquidity. It also shows a $257 million loss, shrinking cash and a fuel bill that keeps rising.
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Stocks rise as Nasdaq gains 1.2% and small caps jump, while Boeing drops 10.7% before the Fed
The S&P 500 added 0.6% to 7,722.60 and the Dow barely moved, as UPS rose 5.8% and the 10-year yield eased to 4.99% a day before the Federal Reserve decides.
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Aramco is selling Europe spot oil below its own price, weeks after cutting those refiners off
Barrels it said would not arrive in October are now on offer, some below the official selling price, as the East-West pipeline runs again and Saudi output climbs back above 8 million barrels a day.
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Durable goods orders jump 1.8% to $345.4 billion, but aircraft did most of it: core equipment rose 0.5%
A $5.6 billion swing in civilian aircraft orders drove September's headline gain. The business-equipment measure economists watch slowed from 1.6% in August, one day before the Fed decides.
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Wednesday is the most crowded day of the month: Fed, Apple, Microsoft and Alphabet, with a 5% 10-year underneath
The Fed decides at 2 p.m. ET, Apple shows at 1 p.m. ET, and two $3.9 trillion companies report after the close. The biggest risk is not the hold markets expect. It is a hawkish tone with the 10-year Treasury at 5.00%.
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Before the bell: Nvidia puts $3 billion into Meta's stock raise as futures sit flat and WTI holds at $102
S&P 500 and Nasdaq futures are within 0.1% of Monday's close, UPS raised its revenue outlook, Coca-Cola reports before the open, and the Fed decides on rates tomorrow with the 10-year yield at 5%.
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China's factory profits jump 14.4% on AI chips and copper, while retail sales crawl at 1.1%
Industrial profits grew at their fastest pace since June, but the gains sit in AI hardware and metals. Households are not spending, and Beijing has held back new stimulus.
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HSBC's 32% profit jump is mostly a $1.4 billion legal bill that did not repeat: underlying up about 10%
Europe's biggest bank earned $9.6 billion before tax in the third quarter and announced a buyback of up to $1 billion. Strip out last year's legal provisions and growth is closer to 10%, with capital still below the bank's own target range.
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Applied Materials lifts its BE Semiconductor stake to about 20%, with no board seat and a cap
The chip-equipment maker is betting on hybrid bonding for AI chips. Its own release says the purchase waits on U.S. antitrust clearance and that it does not plan to go past 20%.
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The Nightcap: Nasdaq futures lead a small rise as Applied Materials and Amkor move after the bell
Nasdaq 100 futures are 0.38% above Monday's settlement at 8:51 PM ET, with the Fed deciding Wednesday. Applied Materials is lifting its BESI stake to about 20% and Universal Music has discussed going private.
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Stocks rebound as Nvidia and Microsoft lead tech higher, with the Fed deciding Wednesday
The S&P 500 gained 0.7% to 7,676.77 and the Nasdaq 0.8%, snapping a two-day slide, while WTI fell 1.8% to $101.39 and the 10-year yield held at 5.00%.
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Dollar General sued by the FTC and 20 states over shelf prices, and its stock drops 4.7%
The suit says the chain charged more at the register than the shelf tag showed, at thousands of stores. Ohio had already sued over the same complaint in 2022 and settled for $1 million.
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Microsoft offers buyouts to 60,000 workers, 27% of its staff, with exits set for Dec. 31
The voluntary exit offer reaches the vice president level in the U.S., Canada, India and the U.K. It follows April's first-ever retirement program, as Microsoft balances a costly AI buildout against cash flow.
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Verizon raises guidance for a third time and signs a $2 billion AWS deal, but its stock falls 2.6%
Verizon's best quarter for phone customers in five years came with lower promotions, not higher ones. The stock is still 15.6% below its September peak, after the spectrum scare earlier this month.
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EQT pays Range Resources holders a 20.6% premium in an all-stock deal, and EQT stock falls 3.7%
EQT will absorb Range at 0.987 of an EQT share per Range share, creating a gas producer with an enterprise value above $50 billion. The terms in the filing show what Range holders get, and what EQT holders give up.
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Anthropic's S-1: $16.3 billion of revenue in six months, and an $80.7 billion loss that is 90% revaluation
The public IPO filing shows sales up 14-fold from a year earlier and an operating loss of just $693 million. Almost all of the net loss is a non-cash markup of the company's own convertible notes. The price range is still blank.
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Israel votes Tuesday with neither Netanyahu's bloc nor the opposition at 61 seats in polls
The first Israeli election since October 7, 2023 is also the first since the U.S.-Israel war on Iran began. Polls cited by Asia Times leave both camps short of a majority, with Brent near $115.
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Meta's "$95 billion" stock raise is $35 billion today, and $22.5 billion of it brings no cash until 2027
Meta's filings show the headline number is two things: $35 billion of offerings launched this morning and a $60 billion at-the-market program it has not agreed to yet. Here is what is actually on the table.
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Before the bell: Dow futures lead a bounce as oil falls 2% and Fed week begins with the 10-year at 5%
Stock futures are higher after back-to-back weekly losses, WTI is near $101 and Brent near $114.5, and the Fed, ECB and Bank of Japan all decide on rates this week.
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Musk says SpaceX closed $40 billion of GPU debt and 200+ AI neoclouds will fail or merge
The financing first reported in talks on October 7 is done, Musk says, and the money lands in the first half of 2027. His claim that debt markets are shut to AI-only borrowers is the part rivals will feel.
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Lula wins Brazil runoff 51.8% to 48.2% and the Brazil ETF drops nearly 20% overnight, CNBC says
The first president to win a Brazilian runoff after trailing in round one now inherits debt at 82.9% of GDP and a hostile Congress. Markets had priced the other outcome.
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The Nightcap: Futures reopen flat, WTI slips 1.4% after Trump says no Iran strike Sunday
Stock-index futures are within 0.1% of Friday's settles, gold is down 0.2% and WTI is $101.84, while Lula's Brazil win and a $40 billion SpaceX debt deal are the weekend's market headlines before Wednesday's Fed decision.
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Nobel laureate Machado returns to Venezuela after 10 months, with no election date set
The opposition leader posted "I am here. With you" on Sunday. Secretary of State Rubio credited U.S.-backed talks; acting President Delcy Rodríguez had not commented in the reports we reviewed, and how she got back is undisclosed.
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The Weekly Watchlist: oil fund up 36% in three months, chip fund 21% off its peak, Fed meets Oct. 28
We grade last week's five ideas, correct one inflation line we got wrong, and set out five things to watch before Tuesday's Fed decision, each with what would prove us wrong.
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Futures reopen Sunday with gold down 4.1%, Nasdaq 100 7.5% off its peak and 160 earnings reports due
Our week-ahead for futures traders: Alphabet, Microsoft and Amazon report around the Fed's Wednesday decision, after a week when Nasdaq 100 futures fell 0.9% and the 10-year yield swung between 4.96% and 5.15%.
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Audi picks Georgia for its first US factory: $4 billion, 4,500 jobs, but no cars until the 2030s
Trump announced the Macon plant at a Saturday rally. The investment is $4 billion by Audi's account and $4.2 billion by Trump's, and the timeline is the part that matters for tariffs and car prices.
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Weekend brief: Brent ends the week at $116.72, the 10-year is back at 5.00% and the Fed decides Wednesday
Futures reopen at 6 PM ET Sunday. Friday's closes, what the oil and Iran headlines mean for the open, France's new protests, and the calendar into the October 28 Fed decision.
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Moody's keeps France at Aa3 but warns on politics: deficit near 5.5% and outlook still negative
The agency spared Paris a downgrade after a week of protests and a 10-year yield above 5%, then said political fragmentation could weaken its credit metrics faster than it expects.
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Amazon's Jassy says AWS is largely sold out through 2027, with a $220 billion capex bill and earnings Oct. 29
On a video podcast, the Amazon CEO described 2026 capacity as fully committed and most large 2027 allocations as reserved. The question for investors is whether $220 billion of spending is matched by bookings.
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JetBlue's creditors line up restructuring adviser PJT Partners as shares sit 42% lower this year
The Wall Street Journal reports a senior creditor group is working with PJT Partners. JetBlue carries $8.5 billion of debt and finance leases against $1.66 billion of cash, and says it is confident in its plan.
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The Nightcap: Dow futures drop 1.2% on oil and Iran fears, gold ends the week 4% lower below $4,010
Futures are closed until 6 PM ET Sunday. The last prices show the Dow down 1.2% Friday with Brent at a six-month high, and the Fed decides Wednesday with the 10-year back at 5.00%.
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Dow drops 653 points as Brent settles at $116.72 and oil stocks hit records
The Dow lost 1.23% on Friday, the S&P 500 fell 0.52% and the Nasdaq Composite slipped 0.21%, as Iran fears pushed oil to a six-month high and the 10-year Treasury yield climbed back to 5.00%.
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Gold slips under $4,000 and silver hits its lowest price of 2026 as oil climbs toward $117
Gold futures traded as low as $3,989 on Friday and silver as low as $53.08, both with oil rising on Iran fears. Gold is now about 24.5% below its January closing peak, silver about 53%.
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Before the bell: Nasdaq futures steady after Thursday's 2.9% rout, Brent near $115, Volvo down 27%
Futures are mixed after the Nasdaq 100's worst day in three months, oil is climbing on Houthi attacks on Saudi Arabia, and the flash PMIs arrive at 9:45 a.m. ET. Volvo Cars is cutting 2,500 jobs.
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Retail is buying the chip dip at a 16-week high while institutions cut risk, Citadel says
Citadel Securities strategist Scott Rubner says retail investors bought semiconductor, neocloud and memory stocks last week at the fastest pace in 16 weeks. Since Oct. 5, SMH is down 17.4% and CoreWeave 36.4%.
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The Nightcap: Nasdaq futures hold the AI selloff, Dow futures flat, gold steady near $4,040
Futures are quiet after Thursday's 2.9% Nasdaq 100 drop. Friday's flash PMI and the 10-year yield, which fell to 4.96%, decide whether the AI selloff continues.
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Trump declares US oil and refining "essential to national defense," opening Cold War-era funding powers
A Thursday memo invokes the Defense Production Act for production, pipelines, storage and refining, but names no project and no dollar amount. What it does, what it cannot do quickly, and why crude is still near $100.
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Nasdaq 100 falls 2.9% as Meta drops 7% and chip stocks lose 8%, while Treasury yields plunge
The Dow ended flat, the S&P 500 fell 1.2% and the Nasdaq 100 lost 2.9%, its worst day in three months. The 10-year Treasury yield fell 17 basis points to 4.96%, and gold and silver fell with stocks.
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Home electricity cost 18.31 cents a kWh in July, up 4.9%, and EIA sees PJM wholesale power up 41%
EIA's latest retail data and its October outlook point the same way, but wholesale prices are only part of a bill. DOE also announced up to $42 million for a proposed pipeline it says will lower costs.
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Brent settles at $113.17, highest since May, after Trump says Iran "something" will "happen fairly soon"
Aramco has told staff to leave its Dhahran headquarters and work remotely. The settlement prices, the Brent-WTI gap and what $113 crude means in pump and diesel terms.
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Trump's Russian diesel deal draws fire from both parties, yet covers about two days of the world's fuel gap
Senators from both parties want it rescinded and the president has now waived Russia sanctions on top. The promised 1.8 million tons is small against a global shortfall, and U.S. diesel has already turned up to $6.276.
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China cuts Treasuries to an 18-year low and buys gold for a 23rd month as its stocks enter a bear market
Beijing held $590.7 billion of US Treasuries at the end of August, $109 billion less than a year earlier, while the central bank added 23 tonnes of gold in September. The viral "$75 billion dump" is not in the data.
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Lockheed raises 2026 outlook as Pentagon backs 850 F-35s, but only 94 jets delivered so far vs 143
The 10-year F-35 framework needs Congress to fund it, and Lockheed's own filing says costs on Lot 20 have already passed the money authorized. Backlog hit a record $292.0 billion.
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Valero earns $6.8 billion in one quarter, six times last year, as refining margin hits $39.24 a barrel
Refining profit per barrel tripled from a year ago, yet Valero shares were down about 4% by late morning. Here is where the money came from, and what a $39 barrel margin means for anyone who buys diesel.
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US and Israel have drawn up Iran strike plans for after Nov. 3, NYT reports: Brent tops $110
Washington has also ordered non-emergency staff out of Saudi Arabia after Houthi attacks. Oil, shipping, airlines and defense names now trade against a calendar that runs through the midterms.
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WSJ: Musk ordered the Starlink slowdown that hit Ukraine's drones; Trump says he was not involved
The Wall Street Journal says the order came from Musk himself. The White House says otherwise, SpaceX has not commented, and the dispute lands on the day a 1.3 billion-share lockup opens.
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Before the bell: Nasdaq futures sink 1.7% as AI worries return and WTI tops $101
Tech-led losses in Asia and Europe, a $30 billion quarterly loss at Norway's wealth fund and higher oil put Wall Street on the back foot. Jobless claims are due at 8:30 a.m. ET, and Procter & Gamble, Lockheed Martin, Valero and Honeywell report.
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DeepSeek raises about $15 billion, double its target, as Tencent and CATL back its path to an IPO
The Chinese AI lab is wrapping up a 100 billion yuan round, per Reuters. Reported valuation of about $75 billion comes from CNBC, not from the Reuters report.
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China's CSI 300 falls into a bear market: down 20% from its June peak after 10 straight weekly losses
The benchmark for Shanghai and Shenzhen large caps crossed the 20% line Thursday. Weak profits, a crowded retail base and an AI-bubble worry are the reasons analysts give.
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Tesla wants Cybercabs in customers' hands by year-end, with a federal answer due October 30
Tesla's engineering chief said it aims to deliver the steering-wheel-free Cybercab to customers this year, while NHTSA's certification probe is still open. Musk's "demand exceeds production" line was about Tesla's cars, not the Cybercab.
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AT&T falls 6.5% after raising its outlook; TI revenue jumps 28%, Lam guides to $8.6 billion
Four companies reported on Wednesday: IBM beat on revenue and profit, Texas Instruments grew 28% with a flat-looking guide, Lam Research posted a record quarter, and AT&T raised its 2026 earnings outlook but closed sharply lower.
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SpaceX is adding 200,000 GB300 chips a month: Q4 spending jumps to $35-40 billion
Musk's prepared remarks put the pace at roughly 200,000 GB300s a month, and half of SpaceX's compute is already rented out at spot rates. That makes it a landlord competing with the neoclouds.
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The Nightcap: US pulls diplomats from Saudi Arabia and Nasdaq futures slide 0.8%
Reuters reported the State Department ordered some diplomats and families out of Saudi Arabia after Houthi strikes. At 9:01 PM ET the Nasdaq 100 future was down 0.82% on the board, with gold down 0.7%.
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Meta creates a non-voting stock class to fund AI spending: $135-145 billion capex, cash flow negative
Meta reported $64.6 billion in third-quarter revenue, up 26%, and said it will issue a new Class C share for every existing share. The release spells out why: capital raising, employee pay and acquisitions, with Mark Zuckerberg's control untouched.
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Stocks close higher: Nasdaq jumps 1.05% and SpaceX gains 7.8% as AI shares rebound
The S&P 500 rose 0.58% to 7,757.17 and the Nasdaq Composite climbed 1.05% after SpaceX's results and Tesla merger talk, while the 10-year Treasury yield held at 5.13%.
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Meta must pay New Mexico $25 billion, equal to 41% of its 2025 profit, and it accrues 15% interest
A judge cut the state's $219.5 billion claim to $25 billion in the Cambridge Analytica case, hours before Meta reports earnings. The fine is 1.4% of the company's market value but 1.6 times its latest quarter's profit.
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Diesel turned back up to $6.276 as Ukraine's drones cut Russian exports by 77%
After three weekly drops, U.S. diesel rose 9.7 cents in the week to October 19. Russia shipped 141,000 barrels a day in September, against 608,000 a year earlier, and the volumes promised in the Trump-Putin diesel deal are a fraction of what is missing.
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France's 10-year yield tops 5% for the first time since 2002 as budget fight meets street unrest
The benchmark OAT briefly crossed 5% in Paris on Wednesday before easing to about 4.98%. Paris wants 54 billion euros of cuts, and the finance minister says he will bypass parliament again if needed.
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Before the bell: SpaceX jumps 9% on Tesla merger talks as France's 10-year touches 5%
Futures are mixed after Netflix's 6% premarket drop, with Meta, IBM and Tesla reporting later. France's 10-year yield crossed 5% for the first time since 2002, and UK inflation hit 3.5%.
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41 AI stocks are now half the S&P 500, a concentration only the railroads beat
A JPMorgan basket of 41 AI-linked companies is about 49% of the index's market value, according to Seeking Alpha and GuruFocus. Here is what that does to an index fund, and the arithmetic if AI earnings disappoint.
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The Nightcap: Musk says Tesla and SpaceX are weighing a merger as Nasdaq futures lead
Nasdaq 100 futures are 0.5% above the board's close at 9:01 PM ET after SpaceX's earnings call and a Super Micro pre-announcement. Tesla reports Wednesday after the bell.
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Bank stocks just lost six weeks straight, the longest streak since 2008: Goldman is down 23%
The KBW Bank Index sits 12.5% below its August record while the S&P 500 is within 1.4% of its high. Rates, not earnings, are the pressure.
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CFTC tells court CME has no standing to attack perpetual futures: its own crypto volume rose
In a reply brief filed last Friday, the regulator argues CME has shown no concrete injury from perpetual contracts and says it cannot tell investors one thing and a judge another.
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Super Micro says quarterly revenue will beat its own forecast by about $4 billion
The server maker pre-announced $18.5 to $19.5 billion for the September quarter against its $14.5 to $15.5 billion guidance, with a wider margin. The numbers are unaudited, and the full report is on November 3.
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United cuts its 2026 profit forecast by about a third: the $4.80 fuel assumption behind it
Record revenue, but United guides fourth-quarter earnings to $0.50 to $1.50 a share against $1.76 expected. In its own filing, the gap between its fuel price and Wall Street's is worth about $1.00 a share.
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BlackRock files for a bitcoin fund that limits losses to about 10%, with capped gains
The iShares Bitcoin Managed Protection ETF (PBIT) uses options on IBIT in three overlapping tranches. The protection is a design target, not a guarantee, and the upside cap and fee are still blank.
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Musk says Tesla and SpaceX boards have formed merger committees: Tesla would need 50% of all shares
On SpaceX's earnings call, Elon Musk called a combination a "good idea" and said independent directors at both companies are weighing it. The vote math is the hard part.
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SpaceX beats with $14.58B revenue, up 161%: AI sales jump ninefold to $7.56B and turn profitable
Revenue topped the $12.72 billion consensus and AI is now the biggest business. Starlink still earns most of the profit, and the headline earnings figure is not like for like.
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Stocks close higher: Dow gains 1.1% as health care leads and oil swings $9 in a day
The S&P 500 rose 0.44% and the Russell 2000 jumped 1.7% as investors rotated into health care and value, while the 10-year Treasury yield eased to 5.12%.
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Meta, Tesla, IBM, Lam and TI report after Wednesday's close: Meta's $145B capex is the test
Six companies report after the bell Wednesday, October 21, and AT&T reports before the open. Here is the time, the consensus and the one number that matters for each.
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Anthropic in talks for a second Nscale deal worth about $45B, days after Microsoft pulled a UK site
Per CNBC and Bloomberg, the talks cover a second 460-megawatt data center at the same West Virginia site. Nothing is signed, the figure comes from one unnamed source, and neocloud stocks are under pressure.
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SpaceX reports tonight: Wall Street wants $12.72B revenue and 13 cents a share, options price a 6% move
The second report since the June IPO lands after the bell. The August report knocked 13% off the stock; this time options imply less than half that. Results were not out when we published.
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Northrop Grumman backlog hits $109.6B on 1.5x book-to-bill, guidance raised, shares up about 5%
Third-quarter sales rose 7% to $11.1 billion and EPS was $7.89, but a $371 million equipment-sale receipt flatters the quarter's free cash flow.
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GE Aerospace orders jump 49% to $19.0B and guidance rises, yet the stock is down about 4%
GE Aerospace lifted its 2026 adjusted EPS guide to $8.00-$8.10 after a third quarter of $2.25 adjusted EPS, but free cash flow fell 14% and the shares are trading lower.
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Wall Street's plumbing goes on-chain: DTCC tokenization launches this month after trades with 30+ firms
DTCC says its tokenization service launches in October 2026 after live July trades with more than 30 firms, including Citadel Securities. A specific Oct. 28 start has circulated online; DTCC's own pages do not state it.
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Cross River Bank brings Ripple's $2.5B RLUSD stablecoin into its banking core
Cross River Bank will let fintech clients move between dollars and the $2.5 billion RLUSD stablecoin on the XRP Ledger. The release does not mention XRP the token or X Money.
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JPMorgan sees bitcoin beating stocks and gold for the next decade: 10% a year vs 7.5% and 5.5%
The bank's 2027 Long-Term Capital Market Assumptions give bitcoin a return range for the first time. Its 10% compound figure tops the other assets reported, yet JPMorgan says bitcoin is not included as an allocation.
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Before the bell: Nasdaq futures fall 0.5% as chips slide again and WTI jumps 2.5% to $102.86
Asia's chip rout deepened overnight, with the Kospi down 3.7%, while the 10-year Treasury closed Monday at 5.15%. General Motors reports before the bell and United Airlines after the close.
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The Nightcap: Nasdaq futures slip 0.31% after the chip bounce as the 10-year sits at 5.15%
At 9:02 PM ET Nasdaq 100 futures are down 0.31% on the board, while S&P 500 and Dow futures are near flat. Gold is lower, oil is firmer, and Netflix, Meta and Tesla headline a busy earnings stretch.
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Stocks close higher: Nasdaq up 1.1% as chips bounce from the AI rout, Dow flat, VIX down 9% to 18.27
The S&P 500 gained 0.41% to 7,690.78 and the Nasdaq 100 rose 1.17%, but the 10-year yield climbed to 5.15% and CoreWeave gave back its upgrade gains. Amazon rose 5% on a Morgan Stanley call, not on the chip headline.
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Gold ETF holdings hit a record 4,256 tonnes in September even as the gold price fell
The World Gold Council says global gold funds took in $10 billion in September and a record $31 billion in Q3, while their total value dropped 7%. Gold traded near $4,142 on Monday.
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Nasdaq 100 up 1.4% at 3:20 PM as chips bounce, while the Dow lags and oil and gold slip
The S&P 500 is up 0.6% and the Nasdaq 100 1.4% after last week's AI rout, with Amazon, Datadog and memory stocks leading. Treasury note futures are lower, so the rebound has not come with cheaper borrowing.
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Saudi Arabia postpones its Oct. 26-29 investor conference to 2027 as Houthi attacks on the kingdom escalate
The Future Investment Initiative, the "Davos in the desert" that Jamie Dimon, Larry Fink and David Solomon were listed to attend, is off for this year. Brent was near $111 on our board at midday.
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The Weekly Watchlist: oil and energy lead, small caps and homebuilders lag, Fed meets Oct. 28
Inflation is cooling on the year while the 10-year sits at 5.10%. Five things we are watching this week, each with what would prove us wrong.
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Cleveland-Cliffs jumps 16% after Q3 EBITDA of $612 million beats its own guide and 2027 is seen above $4 billion
The steelmaker earned $0.26 a share after a loss in Q2, guided to about $715 million of EBITDA in Q4, and said it would idle Stelco's galvanizing lines indefinitely. Here is what the release says, and what it leaves conditional.
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Nasdaq 100 jumps 1.2% at the open as chips rebound from a 6% tech rout; Netflix, Meta, Tesla report this week
Stocks bounced after the worst week for tech since April 2025, but oil near $100, French bond stress and Oracle's credit spreads are still in play, with a dozen big earnings reports and the Fed on October 28 ahead.
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No, JPMorgan is not dumping $165 billion of stocks on Monday: the viral claim is a recycled June rebalancing estimate
A post with more than 200,000 views says JPMorgan will sell $165 billion of U.S. stocks today. The number is real, but it is a June estimate of what other pension and sovereign funds might sell at quarter-end.
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Musk's SpaceX share for every US child: 72 million shares, about $10.5 billion, 1.5% of his stake
Elon Musk pledged one SpaceX share to each American child next year, with no details on how. At Friday's $146.03 close that is about $146 a child and roughly 0.5% of the company's value.
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S&P 500 rose in the 12 months after all 19 midterm elections since 1950; we get a 14.8% average, not 15.5%
We rebuilt the midterm-year record from index closes. The 19-for-19 record and the 17.5% average worst drawdown hold up; the average post-election gain is 14.8% on our method.
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Kospi falls 14.5% in a week to 5,668, 38% below its June closing high, the worst week since 2008
South Korea's benchmark closed Friday at 5,668.05 after a sell-off tied to doubts about AI spending. Reuters called it the biggest weekly drop since October 2008.
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Chip ETF SMH is 14.9% below its October 5 high and already under its 150-day average
A widely repeated view says the semiconductor ETF could fall back to its 150-day average. By Friday's close it was already 1.7% below it. Micron's own results do not say what the claim says.
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Before the bell: Nasdaq 100 futures up 1.0% after the AI rout, French stocks fall 1.3%, WTI near $98
Futures are recovering part of Friday's selloff while French bond yields jump on weekend unrest. Oil is lower, the 10-year yield is near 5.09%, and the U.S. data calendar is empty today.
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The Nightcap: Nasdaq 100 futures up 0.85% at the Sunday reopen as Macron vows a crackdown on French riots
Futures reopened at 6 PM ET with a bounce after Friday's selloff, while oil slipped. France votes on its budget Tuesday after the worst unrest in years, and Yemen's war is pulling in Saudi Arabia and Egypt.
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Week ahead for futures traders: Nasdaq 100 futures down 5.5% last week, Meta and Tesla report Wednesday, Fed Oct. 28
Futures reopen at 6 PM ET Sunday after a week in which Nasdaq 100 futures fell 5.5% and the 10-year yield dropped 15 basis points to 5.09%. Seventy S&P 500 companies report, France votes on its budget Tuesday, and the Fed decides Oct. 28.
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Indonesian stocks fall about 11% in worst day since 1998 as MSCI weighs standalone-market status
MSCI opened a consultation on moving Indonesia out of emerging-market status. Jakarta's benchmark fell as much as 11.4% on Friday and the rupiah weakened to 18,070 per dollar.
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Microsoft ends Nscale's Loughton data center deal weeks after the IPO filing: what the S-1 says about customer risk
The Telegraph reports Microsoft terminated its agreement for a UK site. Nscale's own prospectus shows how much of its business rests on a few customers, and which Microsoft contracts the report does not touch.
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Weekend brief: Republicans turn on Trump's Russia sanctions waiver, France faces a budget vote Tuesday
Futures reopen at 6 PM ET Sunday. Backlash grows over the Graham Act waiver, French unrest ahead of a Tuesday budget vote, Friday's closes and the calendar into the October 28 Fed decision.
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The Nightcap: France riots days before a budget vote, with S&P 500 futures 1.13% lower at Friday's settle
Futures are closed until 6 PM ET Sunday. Riots across France precede Tuesday's National Assembly budget vote, SoftBank is reported in early talks for Allied Universal, and Brent ended Friday near $110.
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Weekend brief: Trump waives Russia sanctions, Nasdaq 100 closed down 5.5% on the week, Brent $109.86
Markets are shut until Sunday evening. Friday's close, a White House waiver of new Russia sanctions, oil near $110 on Hormuz attacks, and the calendar into the October 28 Fed decision.
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The Nightcap: Nasdaq 100 futures settle 2.5% lower and Brent hits $110 as Hormuz attacks widen
Equity futures are closed until Sunday evening. They settled Friday with Nasdaq 100 down 2.50% and S&P 500 down 1.13%, while Iran's attacks on shipping took Brent to a five-month high.
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Stocks close lower: Nasdaq 100 falls 2.5% as AI infrastructure sinks, Brent settles at $109.86
CoreWeave, Nebius and IREN lost about 12% each and the VIX jumped to 20, while Iran's Hormuz attacks pushed oil higher and the 10-year yield eased to 5.09%.
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Nasdaq 100 slides 1.9% at midday as CoreWeave, Nebius and IREN fall 10% or more; big banks rise
The AI-infrastructure trade is driving Friday's drop, while JPMorgan, Citigroup and Wells Fargo trade higher and Nvidia is off less than 1%. Rate-hike fears are the common thread.
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Before the bell: futures edge up as Warsh gives no October signal, with the 10-year at 5.10%
Dow futures are up about 0.5% and S&P 500 futures 0.3% at 6:31 AM ET after Fed Chair Kevin Warsh declined to say what the Fed will do on October 28. Nothing on the economic calendar is scheduled for Friday.
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The Nightcap: futures flat after the close as MSCI adopts rules that could remove Strategy from its indexes
S&P 500 futures are 0.07% above the cash close at 9:01 PM ET while Nasdaq 100 futures lag by 0.2%. MSCI said Thursday it will adopt its non-operating company rule, with a final deletion list due November 11.
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SK Hynix falls 11%, Samsung 9.5% and Advantest 15% in a chip rout Wall Street barely felt
Asia's memory and chip-equipment names took the worst of this week's AI funding sell-off on Thursday, while in New York only Dell fell hard and the Nasdaq finished flat.
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Philly Fed factory index falls to 20.9 as new orders collapse to 4.3, but 63% of firms see higher prices ahead
The Philadelphia Fed's October manufacturing index dropped from 37.8, still positive, while new orders fell 25 points. The prices-paid and future-prices readings are the part the Fed will read.
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Penske Automotive agrees to go private at $212 a share, up from a $210 proposal, in a $16.3 billion deal
Penske Corp and Mitsui raised their July offer by $2 after a special committee hired advisors. Penske Corp would end up with about 64%, and the deal is expected to close in the first quarter of 2027.
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CoreWeave credit default swaps hit 1,038 basis points, a level S&P calls distress
The cost of insuring CoreWeave's debt rose again on Thursday while the stock bounced 5.9%. The company's own 10-Q shows why lenders are focused on cash flow.
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Stocks close higher: Dow up 556 points, Russell 2000 up 1.4%, Nasdaq flat as 10-year yield falls to 5.10%
Industrials, health care and small caps led a rotation away from AI names while Treasuries rallied after a hot PPI; CoreWeave rebounded 5.9% after Wednesday's plunge.
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IEA to speed oil stock release: 20 million barrels of diesel, about 100 million still to come
The agency's governing board says 330 million barrels have been released so far under the March plan. The diesel tranche is small against what Hormuz has lost, and the total now exceeds the original 400 million.
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Anthropic told investors Q3 revenue hit $16.8 billion, up 45%, ahead of a reported November IPO
Reportedly profitable on an adjusted basis and cash-flow positive, the Claude maker tripled revenue since the first quarter. Every figure comes from people familiar with the matter, not a filing.
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CoreWeave bonds yield 14.8% as stock drops 16%; interest took 22% of its second-quarter revenue
CoreWeave's 2032 notes carry a 9.625% coupon but trade to a 14.8% yield. The company's own 10-Q shows how much that borrowing already costs.
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Hormuz crude flows fall to 8.5 million barrels a day as a container ship sinks
Kpler puts crude through the strait 37% below the late-September pace we reported, after more than 20 vessels were attacked this month. The GFS Pride sank on Wednesday with all 21 crew evacuated.
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Morgan Stanley's equities revenue jumps 41%, but half of its $232 billion inflow was IPO-linked and shares fall 3%
Morgan Stanley beat on profit and revenue Wednesday. The filing shows where the quarter came from: a record equities desk, a record wealth business, and a credit provision that went from zero to $148 million.
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Before the bell: CPI at 8:30, oil near $106 after the Aramco strike, BlackRock jumps
September CPI is forecast at 0.6% for the month and 3.6% for the year. The IEA says diesel will stay tight into 2027, and BlackRock beat on earnings and trades higher premarket.
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The Nightcap: futures edge up as Aramco headquarters is struck, with CPI due Wednesday
S&P 500 futures are 0.17% above the cash close at 9:01 PM ET and WTI crude is near $96. Reports of a Houthi strike on Saudi Aramco's headquarters sit on top of Wednesday's September CPI.
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Stocks close slightly lower: S&P 500 flat at 7,805, Dow off 180 points as Citi drops 5.6% on bank earnings
The S&P 500 finished down 0.02% as four big banks reported, JPMorgan missed, Citigroup and Wells Fargo fell, and oil climbed ahead of Wednesday's September CPI.
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Goldman's equities revenue jumps 72% while JPMorgan's fixed income falls 4%: the split inside bank earnings
Four big banks reported Tuesday, and the headline "JPMorgan misses" hides a quarter where trading desks went different ways and the dealmaking pipeline, not the credit book, is the thing to watch.
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Before the bell: JPMorgan misses on profit, UnitedHealth raises its outlook and Nasdaq futures fall 0.65% on a Korean chip rout
JPMorgan fell short of both profit and revenue estimates, UnitedHealth lifted its 2026 forecast, and South Korea's KOSPI dropped 5.5%. Existing home sales are due at 10 a.m., with September CPI on Wednesday.
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The Nightcap: Memory-chip rout hits Asia, S&P 500 futures slip 0.2% ahead of bank earnings and CPI
Korea halted program trading as SK Hynix and Samsung fell more than 5%. U.S. futures are modestly lower after a day when memory stocks dragged the Nasdaq, with JPMorgan, Goldman Sachs and UnitedHealth reporting before the open.
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Stocks close mixed: Dow gains 196 points, Nasdaq slips 0.4% as Meta jumps 3.4% and oil settles at $93
The S&P 500 finished 0.06% lower, 0.15% under its Oct. 6 closing high, on a day with no Treasury trading. Meta rose on a new AI model, energy stocks gained with crude, and airlines fell.
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Riyadh airport strike kills 12, the FAA warns U.S. airlines until Dec. 10 and oil rises 2%
A Houthi strike on King Khalid International Airport has shut the Saudi capital's main airport, and Delta has pushed its first Atlanta-Riyadh flight from Oct. 23 to March. Oil rose about 2%, and it is the third Houthi escalation we have tracked in three weeks.
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Before the bell: futures flat, WTI up 1.3% to $93 as the "energy ceasefire" shrinks to refineries
Treasury markets are shut for Columbus Day and the 10-year closed Friday at 5.24%. Stock futures are little changed, six big banks report Tuesday and September CPI lands Wednesday, forecast at 3.7%.
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The Nightcap: Trump's energy ceasefire has no details, and six senators want the Russian diesel deal reversed
Futures reopened Sunday night little changed after a winning week. Russia has not confirmed the "energy ceasefire," Riyadh's airport was hit again, and CPI, six bank reports and the Fed's next hike question are ahead.
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Week ahead for futures traders: CPI Wednesday forecast at 3.7%, big banks Tuesday, 10-year at 5.24%
Futures reopen after a week in which the S&P 500 gained 1.15% and the 10-year yield slipped 4 basis points to 5.24%. September inflation, retail sales and six bank earnings reports are the scheduled tests.
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The Nightcap: futures hold Friday's gains as Russia diesel deal meets a 71% Gulf oil shut-in
S&P 500 futures are 0.15% above the cash close at 9:01 PM ET. Washington opened a six-month sanctions license for Russian diesel while Hurricane Isaias took 71.5% of Gulf oil output offline.
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Stocks close higher: Dow gains 423 points, Verizon has its worst day since 2002, S&P 500 up 1.2% on the week
Software and Amazon led a rebound from Thursday's AI sell-off, while a SpaceX spectrum deal sank the big three wireless carriers and a Gulf hurricane kept oil near $92.
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Before the bell: Nasdaq futures up 0.6% as Delta cuts its profit outlook and telecoms slide on SpaceX
Tech is bouncing after Thursday's AI sell-off, oil is easing after Trump said the U.S. will not attack Iran before the midterms, and Delta slashed its 2026 earnings forecast on fuel costs.
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The Nightcap: futures edge up after the AI sell-off, carriers fall 6.5% on SpaceX spectrum deal
S&P 500 futures are 0.07% higher at 9:02 PM ET after a day when the Nasdaq 100 lost 1.39%. AT&T, Verizon and T-Mobile were down about 6.5% after hours on SpaceX's spectrum purchase.
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Treasury sanctions 17 more Iran tankers, but Kpler says Tehran has loaded no crude since August 25
The designations target what Treasury calls the "remnants" of Iran's shadow fleet. Because exports have already stopped under a U.S. blockade, the new sanctions are unlikely to take barrels out of the market.
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Hurricane Isaias: two counts of Gulf oil shut in, 500,000 barrels or 1.28 million, and why they differ
CNBC reports about 25% of Gulf of Mexico output offline; OilPrice, citing the federal offshore survey, reports 62.9%. Both imply a Gulf of roughly 2 million barrels a day. The difference is mostly timing.
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Stocks close lower: Nasdaq falls 1.2% on OpenAI revenue reset, oil jumps, 10-year yield 5.22%
The Dow edged up while the Nasdaq Composite lost 345 points as AI names sold off on OpenAI's $50 billion run rate. Brent rose 3.3% on tanker attacks and a Gulf hurricane, and the 10-year yield eased after a solid 30-year auction.
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Labor Department halts green-card filings for Microsoft, Adobe and six IT firms: what it covers and what it doesn't
The suspension applies to one step, permanent labor certification, not H-1B visas. Microsoft is trading in line with the Nasdaq, while Accenture and Cognizant are up more than 5%.
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OpenAI says revenue run rate is $50 billion, not $68 billion: Oracle falls 5.8%, CoreWeave 7.8%
The lower figure strips out partner revenue counted gross in the number that circulated last month. It leaves OpenAI's $852 billion March valuation at 17 times run-rate revenue, not 12.5, and hit the AI names that depend on its spending.
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Before the bell: Dow futures drop about 1% as oil jumps 5% and the 10-year yield sits near 5.35%
Waller says more Fed hikes may be needed, a fresh tanker attack lifts crude, and Gulf of Mexico platforms are shutting in ahead of Hurricane Isaias. Jobless claims come at 8:30 and PepsiCo trimmed its profit outlook.
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The Nightcap: futures flat after the 5.35% yield scare, gold steadies near $4,130
S&P 500 and Nasdaq 100 futures are barely changed at 9:36 PM ET, a day after the 10-year Treasury touched a 24-year high. Thursday brings jobless claims and a $22 billion 30-year auction.
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Stocks close lower: Russell 2000 falls 1.3%, S&P 500 down 0.2%, 10-year yield 5.28%
Small caps took the brunt as the 10-year Treasury touched 5.35%, its highest since 2002, before a strong auction pulled it back. The Dow lost 341 points and oil settled lower after the IEA moved to release diesel stocks.
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SpaceX in talks on $40 billion of debt for Nvidia chips, with the GPUs likely as collateral
The financing leans on a market belief that a GPU holds its value for about seven years. Spread over that life, $40 billion of chips is roughly $5.7 billion a year before a dollar of interest.
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Before the bell: futures slip from record, Fed minutes due, mortgage rate hits 7.49%
S&P 500 futures are down about 0.3% after Tuesday's record close, gold is off 1% and the dollar is firmer, while Brent holds above $101. The Fed releases minutes of its September meeting later today.
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Stocks close higher: S&P 500 up 0.6%, Constellation jumps 12% on Google deal, 10-year yield 5.27%
The S&P 500 gained 0.58% to 7,818.93 and the Dow rose 0.49%, while small caps slipped. Constellation Energy led on a Google nuclear power deal and Treasury yields eased a few basis points.
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Union Pacific's $85 billion Norfolk Southern deal: the rail merger clock runs to February 2027
CEO Jim Vena says he is "99.99%" sure the merger clears. The regulator's own calendar says nothing is decided before opening comments land on November 18, and shippers have the most to argue about.
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U.S. trade deficit widens to $105.6 billion in August as imports jump $17.2 billion
The deficit rose $12.7 billion in one month. Capital goods, crude oil and gold made up much of the import surge, and the gold part does not count toward GDP.
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Before the bell: futures rise toward a record, 10-year at 5.31%, Constellation up 6% on Google nuclear deal
S&P 500 futures are about 0.3% higher with the index within 0.5% of its record, oil is down about 2%, and Constellation jumps premarket on reports of a Google power deal. The Fed minutes arrive Wednesday.
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Gold sits 26% below its January record at $4,141 as the 10-year yield reaches 5.31%
Gold has lost about $1,448 an ounce since the January 28 peak. A weak jobs report cooled October Fed hike bets, but Treasury yields kept rising, and that is the number the metal is trading against.
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Stocks close higher as the Nasdaq sets a record 27,477 and the 10-year yield rises to 5.31%
Tech and a 7% to 8% jump in SpaceX lifted the major averages on Monday, even as Treasury yields rose and oil slid about 2%. The Fed's minutes arrive Wednesday.
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Trump's diesel order targets red-dye rules, but the 24.4-cent federal tax is the number to watch at $6.32 a gallon
The White House is preparing an order to widen access to tax-exempt dyed diesel as the pump price sits $2.63 above a year ago. What it could and could not save a farmer or a trucker.
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Cenovus to buy Athabasca Oil for C$12 a share: C$5.7 billion works out to about C$127,000 per flowing barrel
Cenovus will add about 45,000 barrels a day and push its net debt from roughly C$3.0 billion to as much as C$5.5 billion by year-end, above its own C$4 billion target.
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Western Digital rebounds 7% to $442.44 and Seagate 5% to $891.76 as three brokers call the Toshiba selloff overdone
Bernstein says Toshiba would rise from 11.2% to 16.8% of hard-drive capacity even if it doubles output. The arithmetic holds, but it rests on the two leaders growing 25%.
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Brazil's ETF jumps 13% after a first-round upset: Itau up 16%, Bradesco up 20%, runoff October 25
Flavio Bolsonaro beat the polls, 47% to 45%, and the market that rewards a fiscal-discipline candidate moved in one session. It is a price on a probability, with three weeks of campaign left.
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Iran's oil minister resigns as exports fall to zero; Houthis claim an Aramco strike, yet WTI slips 2% to $91.6
Three Gulf developments landed within 48 hours, and crude fell anyway. The Red Sea route Saudi Arabia just reopened is the one now under threat.
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Nasdaq hits a record 27,409 while the 10-year sits near 5.30% and mortgages cost 7.28%
Stocks are at highs at the same moment borrowing costs are at multiyear highs. At midday, the Nasdaq Composite set a record, oil fell, and the euro slid to 1.12 on French and Spanish politics.
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EIA: Brent ran from $72 to $109 in the third quarter, and diesel and jet refining margins nearly tripled
The EIA's quarter review puts numbers on the fuel squeeze. Aramco's chief says rebuilding global stockpiles could take two years, which is why the margin, not just the crude price, is what truckers and airlines are paying.
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10-year yield rebounds to about 5.30% as services stay strong and Fed minutes land Wednesday
The 10-year Treasury has risen 27 basis points since the Fed's September hike, and the mortgage rate has followed. A solid ISM services reading and the minutes of that meeting are the next tests.
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What the Aramco warning on two-year oil stock rebuilds means for a plumber's vans, a landscaper and a produce distributor
Saudi Aramco's CEO says replenishing crude and fuel stocks could take two years. For a six-van plumber that is about $340 a month already. For a distributor, it is a fifth of a thin margin.
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Before the bell: futures dip with the 10-year at 5.28%, euro hits a 17-month low, Aramco warns on oil stocks
S&P 500 futures are about 0.1% lower ahead of the ISM services report, the euro is at its weakest since May 2025 on Spain and France, and Saudi Aramco says rebuilding oil inventories could take two years.
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Week ahead for futures traders: Fed minutes Wednesday, ISM services Monday, 10-year at 5.28%
A light data week follows Friday's 29,000-job payroll miss. The Dow lost 1.3% last week while the Nasdaq 100 gained 0.65%, and the 10-year Treasury yield has risen 11 basis points in five sessions.
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Stocks enter the fourth quarter 1% from a record; the 4.2% Q4 average now competes with 5.28% Treasuries
The S&P 500's best season starts with the 10-year yield up 109 basis points this year. Three-month bills alone pay about 1% a quarter, and the midterm-year rally history comes from years with much deeper selloffs than 2026's.
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Supreme Court opens its term with Exxon and Suncor's bid to end climate suits, but may never reach the merits
Monday's first argument could decide the fate of dozens of state and city climate suits against oil companies. The justices also asked whether they can hear the case at all, and a dismissal would leave Boulder's suit alive.
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OPEC+ holds November output steady; its core seven pump 5 million barrels a day below prewar levels
The quota decision changes nothing on paper. The real constraint is the gap between what Gulf producers are allowed to pump and what they can ship, and the G7 reserve release covers only about a sixth of it.
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CME drops its 24/7 crude oil contract; round-the-clock oil trading stays on venues like Hyperliquid, at $376 million a day
CME withdrew its filing for a 10-barrel oil future after customers warned of added risk. The weekend oil market it was built to compete with is already busy, and it sits outside U.S. futures rules.
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Hedge funds swing back to a ¥210 billion yen short, but it is one-eighth of June's bet, CFTC data show
Leveraged funds moved from net long to net short 16,809 yen contracts in the week to Sept. 29. Asset managers added to bullish yen bets in the same week, and the dollar sits near 158 yen.
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Stocks close higher, Nasdaq up 1.2%, as the 2-year yield rises 5 basis points despite a 29,000 jobs print
A weak September payrolls report pushed October hike odds down and tech stocks up, but Treasury yields reversed higher. The Dow and S&P 500 still finished the week lower.
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France's 10-year yield touches 4.99%, the highest since 2002, and now pays about 76 basis points more than Spain
The gap over German Bunds hit 152 basis points, the widest since 2011, and default insurance rose to 81 basis points. The euro barely moved, which says this is a French credit problem, not a euro-zone one.
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China asks Anglo American for copper supply pledges to approve its $54 billion Teck merger
China's market regulator wants commitments on copper concentrate, including volumes sold through traders, Reuters reported. The combined company would hold about 5% of world supply, so the condition is about feeding Chinese smelters, not competition.
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Broadcom's banks start raising $60 billion for AI chips for Anthropic; Blackstone leads an $18 billion junior slice
The package is a $42 billion senior tranche and $18 billion of junior debt, Bloomberg reported. The debt is not Broadcom's own, but its latest 10-Q shows why its shareholders still carry part of the risk.
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Nvidia hits its first record since May at $237 as the Nasdaq sets a high; $6 trillion needs about $249
Nvidia topped its May 14 peak of $236.54 as soft jobs data pulled yields lower. The AI trade split, though: chip designers rose 3% or more while memory and storage names fell on Toshiba's capacity plan.
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G7 agrees to release 100 million barrels, but only half is diesel, about 42% of what Washington asked for
The G7 will put 50 million barrels of diesel and 50 million of crude into the market over four months. Heating oil futures fell about 4%, yet the diesel portion is smaller than the US request and may not be new supply at all.
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Seagate falls 15%, Western Digital 13% as Toshiba plans to double hard-drive capacity for ¥60 billion
Toshiba's Philippine expansion costs about $380 million. The two US drive makers lost more than $43 billion of market value on the report, over 100 times what Toshiba is spending.
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US natural gas output hits a record 137 Bcf a day in July as Permian wells and new pipes add supply
EIA says Texas and New Mexico added 1.7 Bcf a day in a single month. With oil above $90, gas now costs about a fifth as much as crude for the same energy.
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Blue Owl funds cap withdrawals again: OTIC investors asked for 39% and get about 13% of what they tendered
The larger OCIC fund got requests for 16.8% of its shares and will pay about 30% of each request. Demand there has fallen three quarters running, and most of it is the same investors asking again.
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Before the bell: Nike falls 10% premarket, oil drops 4% on reserve-release report ahead of jobs data
Futures rise as WTI slides toward $89 on a report that Europe may release diesel and crude stocks. September payrolls are due at 8:30 a.m., forecast at 90,000, with the 30-year mortgage rate now 7.28%.
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Stocks close higher as the 2-year Treasury yield drops 10 basis points to 4.78%; Accenture jumps 16%
The S&P 500 rose 0.19% after the 10-year yield touched its highest level since 2002 and then reversed. Short-dated yields fell twice as far as long ones, which matters more to borrowers than the index move.
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Nuveen closes its £9.9 billion Schroders takeover, creating a $2.6 trillion manager with $400 billion in private markets
Schroders is delisted from London and will run separately for 12 to 18 months. The stated aim from parent TIAA is to feed private-market assets into retirement and annuity products.
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Bowman says bank leverage relief is working: dealers added about $100 billion of Treasuries on $5 trillion of new room
The Fed's supervision chief says the eSLR rewrite has made the Treasury market work better. It has not made it cheaper: the 10-year yield is up 94 basis points since the rule took effect.
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Brent jumps 4.6% to $102.55 on a third US carrier; its gap over US crude widens to $9.31
Oil rose after a report that a third aircraft-carrier group is heading to the Middle East. The $4.51 rise in Brent is about 11 cents a gallon of crude cost, landing on diesel already at $6.38.
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Uranium hits a record $96 a pound, yet Cameco trades 37% below its high as utilities balk at the price
Long-term uranium contracts topped their 2007 peak, TD Cowen data show. Producer and reactor stocks went the other way: NuScale and Oklo are each more than 80% below their 52-week highs.
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Canada fast-tracks 1 million barrel-a-day Pacific Link pipeline; Canada supplies two-thirds of US crude imports
Ottawa named Pacific Link its first project of national interest, with federal conditions due by September 1, 2027. EIA data shows the pipeline could move about a quarter of what Canada now ships to the US.
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Global bond rout: UK 10-year pays 5.48%, more than Treasuries, and France now pays more than Italy
The 10-year Treasury hit 5.327%, a high since April 2002, but it is not the outlier. A 1.75-point gap over German bunds is pulling money into the dollar, which cuts the cost of a euro invoice.
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Natural gas storage rises 64 Bcf to 3,415 Bcf; the cushion over normal shrinks to 79 Bcf
The build missed the five-year norm for the week by about 16 Bcf. EIA's regional table shows why: Gulf Coast salt caverns pulled gas out while the East and Midwest kept filling.
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Broadcom's $42 billion Anthropic loan was already in its 10-Q, next to a $29 billion lease backstop
Reuters tied the convertible-note facility to Anthropic's IPO filing. Broadcom disclosed it three weeks ago for an unnamed customer, alongside a separate guarantee on five-year AI rack leases.
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US tells France and Germany to release diesel or face export ban; 120 million barrel ask tops US stocks
Washington wants Europe to free up 120 million barrels over six months, Reuters reported, as China halts October fuel exports and Brent returns above $100. EIA data shows how little US diesel goes to France and Germany directly.
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Before the bell: Accenture jumps 17% premarket; 10-year yield hits 5.33%, highest since 2002
Futures edge higher on the first day of the fourth quarter while the global bond sell-off deepens and Brent crude climbs back above $100 on reports China halted fuel exports. Jobless claims and ISM manufacturing are due.
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South Korea's $200 billion US package: only the $54 billion Alaska LNG project comes with a price tag
Trump announced up to $200 billion of Korean investment in Alaska LNG, eight nuclear plants and a 6-gigawatt Texas power plant. The headline equals Korea's entire strategic pledge, and the one priced project still lacks the buyers it needs.
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CFTC sends the White House rules to make event contracts swaps; one could take effect before public comment
The White House's review list shows two CFTC rules received September 28, neither labelled economically significant. A new definition would answer the Sixth Circuit's first ruling against Kalshi, but not the second.
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Google's Gemini 4 Argon is priced at $2 and $10 per million tokens, half of Claude Opus 5.5's list price
Alphabet unveiled its most advanced model on Wednesday but is releasing it to cyber defenders first, with no date for developers. The introductory price is half Anthropic's, while a 1 million token output limit means a single long job can cost more.
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Stocks close mixed as the Dow falls 444 points and the 10-year yield ends at 5.29% despite softer PCE
The S&P 500 slipped 0.25% after giving up a 0.7% gain, while tech lifted the Nasdaq 0.24%. October hike odds fell to 35%, but long-dated Treasury yields rose again.
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FTC confirms probe of OpenAI and Anthropic over AI risks, with both companies headed toward IPOs
The agency plans civil investigative demands for documents and executive testimony. A federal investigation that began this summer now sits inside two of the largest planned stock listings.
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10-year Treasury yield hits 5.29%, above its 2007 peak, even as October rate-hike odds fall to 37%
A cooler PCE report cut the odds of a Fed hike, and the long end sold off anyway. Treasury's own records show the 10-year has not closed this high since May 2002.
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Hormuz crude is back at 13.5 million barrels a day, but fuel shipments are still down 81%
Kpler data show crude through the strait back at its prewar baseline. Refined products are at 677,000 barrels a day against 3.6 million before the war, which is why U.S. diesel is still $6.38.
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Texas oil executives see WTI at $88 by year-end and $79 in two years, below today's $93
The Dallas Fed Energy Survey shows output rising but the people pumping the oil pricing in a decline. Nearly half expect diesel to stay above 2025 levels for more than a year.
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Kalshi and Polymarket volumes questioned; in Robinhood's Fed-cuts market, 75% of open contracts sit on 1% long shots
CNBC reported that observers are questioning inflated activity on low-odds prediction contracts. We checked Robinhood's public markets: of 6.2 million open contracts on 2026 rate cuts, 4.7 million are in outcomes priced at 1% or less.
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USDA finds 2.10 billion bushels of old corn, up 35%, and December corn drops about 23 cents to $4.99
The quarterly Grain Stocks report showed corn stocks on September 1 up 544 million bushels from a year ago, with commercial storage up 44%. On a 1,000-acre farm, the day's price drop is worth roughly $42,000 of crop value.
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Analysts raised their 2026 oil call to $83.90 WTI, which quietly implies about $80 for the rest of the year
A higher full-year forecast sounds bullish. But WTI has averaged $85.19 so far in 2026, so the Reuters poll's new number only works if crude averages near $80 from here, well below the $93.60 it trades at today.
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Oil climbs 2% despite a "crude build": the SPR drained almost exactly what commercial tanks gained
WTI rose to about $91.50 after reports that Washington will not ease Iran sanctions. The EIA's 900,000-barrel commercial crude build was matched by an 800,000-barrel draw from the Strategic Petroleum Reserve, which is now 30% smaller than a year ago.
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Tesla stock: what is actually going on
Tesla traded near $350.67 at midday on September 30, worth about $1.38 trillion and down 22% this year. Its last quarter earned $398 million from operations, less than it collected in interest on its cash.
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Bank of England: AI debt hit $450 billion this year and hyperscalers took 47% of sterling bond sales
The Financial Policy Committee says the risk of several vulnerabilities breaking at once has risen, and puts numbers on how much of the AI build-out is now borrowed money, including $700 billion of data centers expected to be financed by private credit.
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SEC proposes performance fees in retail funds and would make about 17.1 million more households eligible
The proposal folds accredited investors into the "qualified client" test, dropping the net worth bar for paying an adviser a share of gains from $2.7 million to $1 million. It also loosens interval funds, a $101 billion corner of the market.
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Diesel stocks fall to 105 million barrels, 14% below normal, as demand runs 5% above last year
EIA data show distillate inventories fell 2.3 million barrels while the four-week demand average rose to 3.8 million barrels a day. Russia also extended its diesel export ban to October 31.
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Before the bell: futures flat with PCE due at 8:30; Boeing rises 2% on a Navy fighter contract
The 10-year Treasury closed Tuesday at 5.26% and odds of an October Fed hike fell to 49%. Mortgage applications dropped 6% as the MBA rate hit 7.30%, and Micron reports after the close.
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SEC drops to two commissioners when Peirce leaves Friday; with the CFTC's one, seven of 10 seats will be empty
The SEC's own quorum rule lets two members act, but a 1-1 vote fails. That leaves crypto rules in the hands of three people as the Clarity Act stalls.
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Goldman's private credit fund gets 2.03% withdrawal requests while big rivals face 10% to 16%
A tender filing shows GS Credit took in about twice as much new money as investors asked to pull. It also says new direct loans to companies now cost about 0.25 point more than at the end of 2025, with tighter terms.
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TVA gets the first U.S. permit to build a small modular reactor; Canada's twin costs about $4.3 billion
The NRC cleared TVA's 300-megawatt GE Vernova Hitachi BWRX-300 at Clinch River, Tennessee, four months early. TVA has not given a price, but Ontario's first identical unit is budgeted at C$6.1 billion.
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Paramount draws $109 billion of orders for Warner debt, but its junk bonds price near 9%, 2 points over BB peers
Demand let Paramount shift $2 billion from bonds into a cheaper floating-rate loan, now $8.5 billion in dollars. The trade-off: the loan cost now rises with every Fed hike.
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Accelevation IPO seen at $18, below its $20-$24 range, as third-quarter IPO postponements reach seven
The data center supplier would raise $540 million instead of up to $720 million. At $18 its own share of the proceeds is about $155 million before fees, less than the $180 million it planned to repay in debt.
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Microsoft up 36% this quarter and Meta 31%, while the Nasdaq-100 fund is flat and Tesla is down 16%
With one trading day left in the third quarter, two stocks have added roughly $1.45 trillion of market value between them. The index that holds them is where it started in July, because the rest of Big Tech split the other way.
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Kalshi in talks to raise $1 billion at about $40 billion, 82% above May and more than Cboe is worth
Tiger Global and Dragoneer are in talks to join a round led by Sequoia and Wellington, Reuters reported. The price would put a four-month-old $22 billion valuation up 82% and value the prediction market above Cboe, days after a federal appeals court ruled against it.
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Uranium Energy sold 400,000 pounds but mined 229,294 in fiscal 2026; net loss widens to $137 million
Fourth-quarter output rose 157% and costs per pound fell a third. Even at that new pace, the company produces less than a tenth of the 4 million pounds a year the NNSA says it will need from 2030.
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Stocks close lower for a second day as the 30-year yield ends at 5.59%; Fair Isaac falls 26%
The S&P 500 slipped 0.17% as long-dated Treasury yields rose even while oil fell almost 4% and the 2-year yield dropped. Consumer confidence sank to 81.9.
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Crude falls 3% as U.S. offers last 40 million SPR barrels, but diesel futures rise and pump diesel is $6.38
The Energy Department's final exchange tranche would take the reserve to about 245 million barrels, under the 252.4 million line that limits non-emergency sales. It adds crude, and the shortage truckers feel is in diesel.
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AMD stock: what is actually going on
AMD traded near $612 at midday Tuesday, worth about $1 trillion and up about 186% this year. Data center chips now bring in 58% of sales, and warrants for up to 320 million new shares sit behind two of its biggest AI deals.
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Junk bond yields hit 8.03% in a 91-point September selloff: Treasuries first, spreads last week
The high-yield index yield rose more in September than in any full month of the past three years. ICE BofA index data shows the 91 basis point jump in yields was mostly Treasuries until Sept. 22, then credit spreads took over, with CCC debt hit hardest.
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30-year Treasury yield hits 5.61%, highest since 2002, as Barclays maps a path to 6%
The long bond is up almost a full point from its February low. Treasury's own data has a four-year hole behind the "since 2002" line, and the move is already reshaping annuity payouts and long fixed-rate borrowing costs.
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China cuts a policy lending rate to 1.5% and subsidizes first-home mortgages, capped at about $1,490 a year
Beijing's new package steers cheap credit to policy banks, tech, farms and small firms and pays one point of mortgage interest for first-time buyers. It is not a benchmark rate cut, and U.S.-listed China funds slipped about 1%.
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Shell-led LNG Canada approves Phase 2 to reach 28 million tonnes; Fluor's $7.5 billion share is twice its energy backlog
The five partners took a final investment decision to double the Kitimat plant. For Fluor, the contract is larger than everything its energy unit had in backlog at the end of June.
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Oura postpones its $2.2 billion IPO the day it was due to price; 73% of the shares were from existing holders
The smart ring maker cited IPO market uncertainty despite strong demand. Its filing shows the company itself was raising only about $533 million, so the delay mostly holds up an exit for existing holders.
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Before the bell: futures edge up as the 10-year holds near 5.24%; CarMax jumps 6% on an 81% profit gain
Treasury yields paused after Monday's 2026 highs, oil slipped about 1% as Saudi exports resumed from the Red Sea, and JOLTS and consumer confidence arrive at 10 a.m.
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Treasury adds methanol to its Venezuela oil licenses; its own FAQ had excluded it from "oil"
OFAC reissued three Venezuela general licenses on Monday without saying what changed. We compared them with the August versions: the change is five methanol tariff codes added to the list of permitted petrochemicals.
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Anthropic's prospectus shows a $42 billion loss, but $34 billion of it is an accounting charge
Reuters saw the IPO filing: revenue rose 12-fold to about $4.6 billion in 2025, the operating loss was more than $8 billion, and compute alone cost more than the company took in.
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Russia seizes Metro's Russian unit: €2.6 billion of sales, about 8% of the group, and €152 million of cash
A Putin decree hands Metro Russia to a management firm registered this month. Metro says it already had no operational control. The precedent that matters is what happened to Danone and Carlsberg next.
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Stocks close lower as the 2-year yield jumps to 4.92%; gold falls about 4% and Boeing drops 7%
The S&P 500 fell 0.77% as both the 2-year and 10-year Treasury yields finished at their highest official closes of 2026. Nvidia rose after a $150 billion buyback.
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Cleveland-Cliffs falls about 8% as its Stelco unit idles Hamilton finishing lines, blaming U.S. tariffs
Cliffs' Canadian unit will shut its cold-rolled and coated operations from October 9. The stock drop erased roughly $550 million of market value on the day Washington touted tariffs as a win for steel.
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Goldman and Franklin push Treasury funds into crypto trading; Franklin's Benji assets are down two-thirds since April
Goldman's $100 billion FTIXX is now on the Lynq network and Bybit takes Franklin's tokenized fund as collateral. The headline sizes are big; the money actually moving is much smaller.
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IRS rules "351 conversion" ETF swaps are taxable and flags box-spread funds; notice warns action could be retroactive
Treasury and the IRS issued a ruling and a 26-page notice on Monday targeting tax-aware fund strategies. The line most readers will skip: future guidance "could apply" to trades already done.
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Saudi pipeline back to 3.5 million barrels a day and Brent gives up its spike; November oil still costs $7 more than December
Loadings have resumed at Yanbu, the Red Sea end of Saudi Arabia's Hormuz bypass. The futures curve and the government's own reserve data show why that pipeline now matters more than the U.S. emergency stockpile.
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SEC staff warn private credit funds on valuations as fund holdings hit $270 billion, up nearly 60% since 2020
The statement changes no rules. What it does is tell BDCs and interval funds to show investors how much of their income is interest paid in cash and how much is interest just added to the loan.
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Stocks slip as the 10-year yield hits 5.23%; the 2-year now sits a full point above the Fed's rate
AI names led Monday's decline while Nvidia rose on its buyback. The index move looks mild, but the bond market is pricing a Fed that keeps hiking, and that has been hitting the rest of the S&P 500 for weeks.
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Meta stock: what is actually going on
Meta traded near $724.58 at midday Monday, worth about $1.85 trillion, after its Muse AI agent drove a 27% run since August. Its last quarter shows why the rally is fragile: capital spending ate almost all of its operating cash.
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Qatar extends LNG force majeure to end-November, yet U.S. gas trades near $3 with storage 95 Bcf above normal
The world's second-largest LNG exporter has shipped a fraction of its usual cargoes since the Iran war. The shortage abroad has not reached U.S. prices, and that gap matters for anyone heating a building this winter.
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SpaceX's Starship reaches orbit, but SPCX slips 1% to $147, still 35% below its June high
Flight 14 got to orbit on one engine and was cut from a planned 10 hours to about three. The stock, 9% above its $135 IPO price, treated the milestone as already priced in.
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MongoDB falls 21% as CEO CJ Desai leaves for Meta; filing shows he gave notice four days before Investor Day
Desai told MongoDB on Thursday he was going. The company announced it Monday, reaffirmed guidance, and still holds its Investor Day on Tuesday, now led by returning chief Dev Ittycheria.
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Gold falls to a seven-week low near $4,160 as the 10-year yield hits 5.22%; silver drops about 4%
Higher oil is pushing yields and Fed hike bets up, and that is now outweighing gold's war premium. At a 5.2% Treasury yield, sitting in bullion costs more than it has in almost two decades.
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Northern Star rejects Gold Fields' bid; the A$27 offer may now be worth less than Northern Star's own shares
Almost three-quarters of the offer was Gold Fields stock. With gold down 3% and Gold Fields' U.S. shares down 11% on Monday, the scrip that carried it has shrunk.
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Nvidia's $150 billion buyback: finishing it by fiscal 2028 means about $43 billion a quarter, twice its current pace
The new authorization lifts Nvidia's remaining buyback to $235 billion, which it expects to use by fiscal 2028. Its last quarter it bought back $19.7 billion.
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Trump weighs diesel export ban "very seriously" and concedes it could lift gasoline; Goldman puts it at 30 cents
The president said a ban "can oftentimes lead to a little bit of an increase on gasoline." Goldman estimates diesel relief first, then gasoline pressure once storage fills. Businesses with gasoline fleets are the ones on the wrong side of that trade.
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Before the bell: futures fall as oil jumps 4% on Trump's Iran rejection; gold drops 3%, Nvidia adds $150 billion buyback
Brent crude topped $108 after Trump turned down Tehran's Hormuz offer, pushing the 10-year Treasury yield to about 5.22% and knocking gold and silver lower. No major U.S. data is scheduled today.
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Week ahead for futures traders: PCE Wednesday, payrolls seen at 84,000 Friday, 10-year at 5.17%
Nasdaq 100 futures enter the week after a 3.25% cash-index gain while small caps fell. The data runs from JOLTS on Tuesday to the September jobs report on Oct. 2, with Micron and Nike in between.
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$4.3 trillion of U.S. corporate bonds come due by 2031, and the Treasury base rate alone is 4 points higher
Junk-bond maturities jump from $68.5 billion in 2027 to $314.1 billion in 2029, Reuters reported from LSEG data. Treasury's own yield history shows why the refinancing bill is large even before credit spreads move.
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Ellison now has 413 million Oracle shares pledged for loans, up from 277 million two years ago
Oracle's new proxy shows its founder added 67 million pledged shares in a year, about $9.2 billion at Friday's close. The pledged slice of his stake has climbed from 24% to 36% since 2024, while the stock sits 57% below its high.
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DayOne pushes ahead with a November IPO of up to $5 billion as data center listings hit a tougher market
The Singapore-based operator is targeting about a $20 billion valuation on 2.1 gigawatts of secured capacity, Reuters reported, days after SB Energy postponed its marketing. Investors are now pricing power and contracts, not promises.
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Soybean crushers pay up to $1 over futures as Iowa's harvest sits at 2%, even though the U.S. harvest is ahead
Rain has left western Corn Belt plants short of beans and pushed October soymeal to a contract high. USDA data show the shortage is regional: the national soybean harvest was 12% done, ahead of the 8% average, while Iowa, Nebraska and Ohio lag.
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Appeals court rules Ohio and Tennessee can regulate Kalshi's sports contracts, deepening a split headed for the Supreme Court
A unanimous Sixth Circuit panel said Kalshi's sports-event contracts are not swaps, and that federal law would not shield them from state gambling rules even if they were. That second holding is the one that matters.
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U.S. oil rigs rise to 455, up 7% on the year while crude is up about 62%: drillers are barely responding
Baker Hughes counted three more oil rigs this week. Set against the price of oil, the response is small, and weekly output is still flat near 13.94 million barrels a day.
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Cattle slaughter falls 14% Friday as Kansas immigration raids keep workers home; boxed beef up 1.9% on week
Reuters reported the Thursday drop. USDA's own data shows Friday was down too, the week ran 8.5% below the last one, and cash cattle trading all but dried up. Here is what it means for 605,380 restaurants.
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Stocks close higher as the Dow gains 479 points; the 2-year yield falls while the 10-year holds at 5.17%
The S&P 500 rose 0.51% and Microsoft hit its highest close of the year. In bonds, rates tied to the Fed fell more than long rates, so the yield curve kept steepening.
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U.S. crude fell 7.9% this week, but motor oil is still getting dearer for the 224,738 independent repair shops
WTI settled at $92.41 on Iran talk. Oil-change costs follow synthetic base oil instead, and refiners are making diesel rather than base oil. Here is what that means at the service bay.
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Northern Trust will turn six mutual funds worth about $33 billion into ETFs; some 401(k)s may be cashed out
The conversions run from January to March 2027. Shareholders whose account or retirement plan cannot hold ETFs will get cash instead of shares, and the filing warns that can mean taxes and penalties.
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Saudi crude exports hit 6 million barrels a day, the most since the Iran war began; Brent falls 3.4%
Kpler data show Saudi shipments up almost 80% from August even with the East-West pipeline shut. Flows through Hormuz are still about 3.8 million barrels a day short of pre-war levels.
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Brightline files Chapter 11 with $258 million of new financing; muni principal is safe, some interest may wait
Florida's private railroad filed late Thursday in New Jersey and the trains keep running. The plan protects $4.4 billion of muni principal, but senior bondholders are being offered a paid deferral of interest.
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Yen has its best day in two weeks near 157 after Bessent and Katayama talk up a stronger currency
Tokyo said Trump raised the weak yen with Prime Minister Takaichi, and Bessent said he discussed "the desirability of a strong yen." The yen is still down on the week, and the Fed is the reason.
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Microsoft stock: what is actually going on
Microsoft trades near $516, worth about $3.83 trillion, after falling 27% in the first half and rallying 46% since June. Capital spending nearly doubled to $115.9 billion last year, and free cash flow fell.
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30-year Treasury yield tops 5.5%, but the 2-year has climbed 140 basis points this year, twice as far
The long bond is at its highest since 2004. The bigger move in 2026 has been at the short end, where Fed hike bets live, and that is the part that reaches floating-rate borrowers first.
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Natural gas averaged $2.93 this summer, down 6%, while diesel is up 74% from a year ago
New EIA figures show the energy squeeze is a diesel problem, not a natural gas one. Record production and solar kept gas cheap through the hottest July on record.
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U.S. crude trades $12.62 under Brent, the widest gap since May, as diesel ban talk hits refiners
WTI's discount to the global benchmark has not been narrower than $4 since July 7. Higher freight explains about $8 of today's gap. The rest is the market pricing a U.S. refinery slowdown if diesel exports are banned.
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Durable goods orders flat at $338.6 billion in August, but business equipment orders jump 1.6%
The headline was held down by aircraft. Orders for core capital goods, the figure economists use to track business investment, rose to $87.6 billion and are running 10.6% ahead of last year.
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Before the bell: futures edge up as oil slips on Iran's Hormuz offer; Akamai jumps 18% premarket
The bond selloff paused with the 10-year near 5.17%, and October hike odds eased to about 68% from above 75%. Durable goods at 8:30 a.m. and final Michigan sentiment at 10 a.m. are the day's data.
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Kinross Gold falls 11.7% after cutting output guidance; the stock lost about $3.8 billion in a day
Kinross now expects 2026 and 2027 production 2% to 3% below its old range, on weather in Chile and weak grades in Nevada. It raised its payout target to 50% of free cash flow in the same release.
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SoftBank sells $11.1 billion of junk bonds to pay OpenAI, at up to 9.75%: about $1 billion a year in interest
SoftBank's own term sheet shows what the record sale costs: coupons of 8.625% to 9.75% on the dollar notes, 3.6 to 4.6 points over Treasuries, to fund a $10 billion OpenAI payment due Oct. 1.
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Select Water buys Pilot Water for $700 million, about 5.7 times next year's profit; shares jump 12% late
The oilfield water company is paying $600 million in cash and $100 million in stock for a Delaware Basin disposal network. The sellers get protection if Select's share price falls after closing.
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Stocks close flat as the 10-year yield climbs to 5.18%; Akamai jumps 17% after hours on Anthropic deal
The S&P 500 slipped 0.02% and the Dow fell 0.31% as the bond selloff reached its highest yields in about two decades. Akamai fell 6.8% in the session, then disclosed an $11.6 billion Anthropic contract after the bell.
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BP eyes Devon's Eagle Ford shale unit; the reported $3.5 billion to $4 billion price is about $52,000 a flowing barrel
Reuters says BP has entered the data room for Devon's South Texas assets. The deal would add about 77,000 barrels a day, taking BP's shale arm most of the way to its 2030 goal.
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Oil rises nearly 3% after Houthi missiles target Saudi Arabia's Yanbu hub, but diesel futures barely move
Brent traded near $106 and WTI near $94.50 after Saudi Arabia intercepted six missiles aimed at Taif and the Red Sea port it now relies on to bypass Hormuz. Diesel futures rose less than 1%, and that gap is the number truckers should watch.
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The Magnificent Seven's September rally is mostly Meta: up 30%, while the other six average 1%
The megacaps are being described as a haven from the bond selloff. Our numbers show one stock doing most of the work, while the average S&P 500 stock fell 3.7% this month.
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New York sues Polymarket as an illegal gambling site; licensed sportsbooks hand the state 51% of their take
The attorney general wants Polymarket US to forfeit its New York gains and pay triple fines. The state's own data shows what is at stake: licensed mobile sportsbooks sent $1.33 billion to education last fiscal year.
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Alphabet stock: what is actually going on
Alphabet traded near $340.93 at midday Thursday, worth about $4.17 trillion. Google Cloud grew 82% last quarter, yet the stock is 15% below its May peak and has trailed the Nasdaq-100 this year as spending, borrowing and new shares pile up.
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Natural gas storage rises 53 Bcf to 3,351 Bcf, above the 5-year average but 146 Bcf below last year
The EIA's weekly report shows the U.S. has a cushion over the five-year norm heading into heating season but a thinner one than a year ago. Futures rose more than 5% on the day.
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Hedge funds shrink the Treasury basis trade 20% to $1.2 trillion as the bond selloff runs on
Less leverage in the bond market means less risk of a forced fire sale. It also means one of the biggest buyers of Treasuries is buying less, just as auctions struggle.
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Paramount launches a $7.5 billion loan for Warner Bros., the first piece of about $52 billion in new debt
Paramount Skydance owed $15.2 billion at the end of June. Reuters says the combined company is expected to carry about $80 billion once the Warner Bros. Discovery deal closes.
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GoDaddy jumps 10% on a reported Gen Digital takeover approach; the two carry $12 billion of debt already
The Norton maker is worth about $15 billion and GoDaddy about $13 billion after the jump. Any deal would mean one company buying another almost its own size with a lot of borrowed money at today's rates.
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Oracle falls 6.6% on a data center force majeure notice; $288 billion of its leases have yet to start
Bloomberg reported that Oracle sent a force majeure notice on its Project Jupiter campus to protect itself if the site is late. Oracle says the project is on schedule. Its own filing shows why investors care: $288 billion of data center leases have not yet hit its balance sheet.
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Before the bell: Nasdaq futures fall 1% as the 10-year yield tops 5.1%, jobless claims due
Wednesday's 15-basis-point jump in the 10-year was its biggest one-day rise of 2026, and traders now see better than 75% odds of an October Fed hike. Darden slips premarket; Costco reports after the close.
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U.S. and China extend the Busan trade truce to Jan. 10, moving the tariff deadline past the holidays
Treasury Secretary Scott Bessent said the truce due to lapse on Nov. 10 will now run to Jan. 10. The two extra months carry the deal past the first full-year test of China's soybean pledge and past peak holiday shipping.
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AMC prices $3.97 billion refinancing at 8.875%; total interest falls but cash interest rises
AMC sold $2 billion of first-lien notes at 8.875% and an $850 million loan at SOFR plus 4.5%, pushing its 2029 debt wall out to 2031 and beyond. On our math the yearly interest bill falls by about $44 million, but the part paid in cash goes up.
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Long-bond ETF TLT closes at a record low of $80.46 as the 30-year yield hits 5.40%
The biggest long-Treasury fund is down 53% from its 2020 peak on price alone. With six years of monthly payouts added back, the loss is about 42%, and the fund now yields about 4.8% on trailing distributions.
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White House drafts a 90-day diesel export ban; refiner stocks fall, then recover most of the drop by the close
Politico reported a 90-day ban is being prepared, while the energy secretary talks of caps instead. Ninety days of exports at the recent pace is about 140 million barrels, more than all the diesel in U.S. storage.
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Alcoa closes $2.6 billion of bonds at up to 6.875% for the South32 deal, more than doubling its debt
The notes pay for the $3.1 billion cash portion of Alcoa's purchase of South32's aluminum assets. They add about $175 million a year of interest, more than Alcoa's current interest bill, and must be repaid at par if the deal falls through.
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BHP halts Escondida, the world's largest copper mine, after a worker death, with copper near a record
All operations at the Chilean mine, which BHP expected to produce up to 1.28 million tons this year, are suspended with no restart date. Copper was already up about 41% on the year.
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Stocks close lower as the 10-year yield hits 5.11%: S&P 500 falls 0.75%, Nasdaq drops 1.1%
Hot flash PMI readings and a Fed governor backing more hikes sent Treasury yields to their highest since 2007. Rate-sensitive stocks and small caps took the worst of it; energy was the only sector up.
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Brightline nears Chapter 11 with $4.4 billion of muni debt; its junior bonds already trade near 33 cents
Florida's private passenger railroad may file as soon as Thursday. The plan targets $1.19 billion of corporate notes, but the muni bonds that high-yield funds hold have been priced for trouble for months.
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5-year Treasury auction clears at 5.033%, highest since 2006, with the weakest demand since 2018
Wednesday's $70 billion sale paid 64 basis points more than August's. Bids covered it just 2.21 times, foreign and fund buyers stepped back, and dealers were left holding the most since 2024.
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SEC counts 208 IPOs in the first half, but SPACs drove the rise and operating-company listings fell 21%
The SEC says IPO proceeds jumped almost fivefold to more than $137 billion. Its own table shows 118 of the 208 deals were blank-check companies, and the second quarter alone brought in 84% of the money.
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5-year Treasury yield tops 5% for the first time since 2007 as October hike odds jump to 73%
The whole short end of the curve repriced in one session after a hot business survey and a Fed governor backed more hikes. For business borrowers the five-year, not the ten-year, is often the benchmark for fixed loan rates.
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Bessent says the U.S. is open to extending the China trade truce that ends Nov. 10, or a bigger deal
The Treasury Secretary met Vice Premier He Lifeng a day before Xi Jinping's White House summit. Here is where the truce's three headline promises stand on soybeans, Boeing jets and rare earths.
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Wright says a diesel export ban "definitely doesn't work"; exports already fell 18% to 1.33 million barrels a day
Chris Wright broke with President Trump on an export ban and pointed to a voluntary deal with refiners instead. EIA data out the same morning shows exports already dropped 18% last week, and what a ban would do to storage within two weeks.
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Airtel Money plans a London IPO at up to $9 billion, up to about 7 times revenue for a debt-free African wallet
Airtel Africa's mobile money arm will list in London by selling existing shares, aiming to raise at least $800 million. That is well below the $1.5 billion to $2 billion it once hoped for, and it could still be the UK's biggest IPO since 2021.
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Swiss senators back a 90% capital rule for UBS units; the bank puts the extra cost at about $18 billion
Headlines disagreed on whether the vote was tough or lenient on UBS. Both are right: it is easier than the government's 100% plan and much harder than the bank's preferred option. It roughly doubles the capital behind UBS's foreign units.
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Amazon stock: what is actually going on
Amazon traded near $249.60 at midday Wednesday, worth about $2.69 trillion. AWS is growing at its fastest pace in 18 quarters, but the stock has lost about 12% since early August while the Nasdaq-100 rose.
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Gold drops below $4,300 and silver falls 3.8% as the dollar hits a two-month high
Metals broke out of the range they had held for days as traders priced in another Fed hike. The real yield on 10-year Treasuries is what makes holding gold expensive right now.
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Crude stocks rise 3 million barrels as exports drop 1.55 million a day; distillate cover falls to 27 days
The EIA's weekly report shows a crude build driven mostly by a sharp drop in exports rather than a glut. Distillate stocks slipped again as diesel demand jumped, as Washington weighs a diesel export ban.
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10-year Treasury yield hits 5.06%, highest since 2007, as stocks slip and small caps fall 1.6%
A hot business survey and a Fed governor calling for more hikes pushed the benchmark yield to a 19-year high. The Russell 2000 took the worst of it, and the odds of an October hike topped 60%.
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Activist Toms Capital urges Devon Energy to consider a sale; its claimed discount is worth about $13 a share
Toms, now among Devon's five largest holders according to CNBC, says the post-Coterra company trades at least one EBITDA multiple point below peers. We worked out what that gap means in dollars, using Devon's own filings.
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Before the bell: futures flat after Nasdaq record, MBA mortgage rate hits 7.12%, flash PMI due
Stock futures barely moved as oil swung on U.S.-Iran talks. The MBA's 30-year rate rose to its highest since May 2024, and General Mills and Paychex report this morning.
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SEC fines OTC Link $575,000 over more than eight years of gaps in its systems-security rules
The broker-dealer runs the main quotation and trading systems for over-the-counter stocks. The penalty is about 7% of one quarter's profit at its parent, OTC Markets Group.
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Meta's Muse knocks about $81 billion off banks, brokers and insurers; Schwab falls 6.1%, Allstate 5.5%
Investors sold companies that profit when customers stay put, on fears that AI agents will shop around for people. Expedia, which signed up with Muse, finished flat.
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Iran hands Witkoff three conditions to reopen Hormuz; diesel futures are down 11% in a week, pump prices are not
Tehran wants the naval blockade lifted, frozen assets released and an end to fighting on every front. Wholesale diesel has already priced in a lot of hope, while the pump price hit another record.
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CFTC staff say "mention" bets are presumed open to manipulation, including earnings-call word contracts
The CFTC says its advisory creates no new obligations. The letter itself tells exchanges that staff may treat these contracts as presumptively manipulable and expect a heightened showing to list them.
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Apollo's private credit fund, with $26 billion of loans, got exit requests for 14.7% of shares. It will pay out 5%
Apollo Debt Solutions says about $0.7 billion goes back to investors this quarter. By the fund's own numbers, roughly $2 billion was requested, so about two-thirds of the requests roll forward again.
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Data center power supplier Solaris upsizes bond sale to $1.25 billion at 7%, about 2 points over Treasuries
Solaris Energy Infrastructure raised its offering from $1 billion after launching it Tuesday. The shares fell 4.9%, and the new debt equals about a quarter of the company's stock market value.
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Trump backs a diesel export ban and says a decision is coming fast; Valero falls 4.1%
Treasury Secretary Bessent says the administration is studying a full or partial ban. Refining stocks, which make money on the gap between diesel at about $207 a barrel and crude near $93, sold off.
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Stocks close mixed: Nasdaq sets another record at 27,244 as the S&P 500 ends flat and the Dow drops 185
Tech and a handful of big single-stock moves lifted the Nasdaq, while a near 2% slide in financial stocks held the S&P 500 in place. Oil fell for a fifth straight day.
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BofA sees Brent above $150 if Iran disruptions last; the U.S. emergency oil reserve is down 30% in a year
Oil hovered near $100 as Trump said an Iran deal would come after the midterms and Bessent said a diesel export ban is under review. Federal data shows where the cushion has gone.
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AI borrowers now pay about 115 basis points over Treasuries, versus 78 for the rest of high-grade debt
Bond buyers are not worried Meta or Alphabet will default. They are worried about how much more debt is coming. Here is what the 37-point gap costs.
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GOP split over a diesel export ban: the U.S. is shipping 1.6 million barrels a day, nearly double a year ago
Republican farm-state lawmakers want Washington to stop diesel leaving the country. EIA data shows why the idea has traction, and one House bill's own price trigger would have kept exports shut since March.
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Kalshi asks the CFTC to allow margin on prediction markets, but not for retail sports bettors
The headline version says users could trade on borrowed money. Under the filing, only large self-clearing members would get leverage, and sports, culture and mention markets are excluded.
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Alibaba unveils its Zhenwu V900 AI chip. Nvidia's guidance already assumes no China data center sales
Alibaba called the V900 China's most powerful AI chip and set a 20-gigawatt data center goal. Its U.S.-listed shares rose about 1%, and the read-across to Nvidia's numbers is smaller than the headlines suggest.
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GameStop's Ryan Cohen buys $26.4 million of stock, weeks after a debt swap added 55.5 million shares
GameStop shares rose about 4% after its chief executive disclosed buying 1.15 million shares at about $22.94. The filings behind the purchase show the stake it bought into had just been diluted by roughly 12%.
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Oil falls a fifth day and Brent slips under $100 as Saudi pipeline restarts, but diesel sets another record at $6.53
Saudi Arabia is testing and restarting its East-West pipeline after a September 10 drone strike. Crude is falling faster than diesel, and the government's own price breakdown explains why truckers will wait longest for relief.
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Before the bell: oil drops on Hormuz report, futures edge up, 10-year yield near 4.94%
Crude fell after a report that Iran could reopen the Strait of Hormuz within seven days, while stock futures held Monday's tech-led gains. Fed Vice Chair Jefferson speaks at 10:20 a.m.
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Bitcoin hits $87,397, an eight-month high, but it is still below where 2026 began
A short squeeze and returning ETF money pushed Bitcoin to its highest price since January 29. It is up about 48% from its July low and still roughly 2% down for the year.
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Stocks close higher: Nasdaq hits a record 27,122 and the S&P 500 gains 1.5% as oil drops 4.5%
Chip stocks and Meta led a broad rally as crude fell below $100 and Treasury yields eased. It was the Nasdaq's first record close since June.
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Meta stock jumps 11% to about $741 as its Muse AI agent draws Wall Street praise and an Amazon block
Meta is on track for its biggest gain of the month, adding roughly $190 billion in market value, after Wells Fargo raised its price target ahead of Connect. Amazon, meanwhile, cut Muse off from shopping on its site.
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Apple stock: what is actually going on
Apple traded near $342.37 at midday Tuesday, worth about $5 trillion and up about 26% in 2026, after touching $345.34 intraday. A new CEO, the iPhone 18 launch and rising memory chip costs are what matter now.
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Paramount settles state antitrust suit, clearing the way for its $110 billion Warner Bros. deal
Warner Bros. Discovery shares rose about 10% and Paramount Skydance about 11% after reports that the company reached a settlement with the states suing to block the merger.
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AMD tops $1 trillion in market value as Intel and Arm jump about 15% in a processor rally
Advanced Micro Devices hit a record and crossed the $1 trillion mark for the first time on Monday, as a broad bid for CPU makers helped lift the Nasdaq about 1.6%.
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Oura sets IPO range at $40 to $44 a share, seeking up to $2.2 billion on Nasdaq
The smart ring maker launched its roadshow Monday with a filing that shows nine-month revenue up 74% to $1.21 billion. Reuters says the deal targets a fully diluted valuation of $15.62 billion.
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Before the bell: futures up about 0.7%, oil slides 2%, 10-year yield eases to 4.95%
Stock futures point higher as crude pulls back and Treasury yields dip from last week's 19-year high. The Trump-Xi summit on Thursday is the week's main event, and bitcoin is back near $85,000.
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Oil falls 2% Sunday night, WTI near $98, as Saudi crude starts moving again through the Gulf
U.S. crude and Brent both dropped about 2% as futures reopened, even after a weekend Houthi attack on Saudi Arabia. Traders are focused on how much Saudi oil is getting back to market.
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Fed's Kashkari says inflation is too high in 'all aspects' of the economy, not just oil
The Minneapolis Fed president told Fox News on Sunday that price pressure runs well beyond energy, days after backing the Fed's quarter-point hike to 3.75%-4%. Here is what it signals about the rate path.
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Palantir stock: what is actually going on
Palantir trades near $190, worth about $456 billion, up roughly 7% for 2026 after falling to $107 in June. Revenue is growing 93% a year, and third-quarter results are expected around November 2.
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Tesla vs Waymo: one has the miles, the other has the manufacturing
Waymo has driven hundreds of millions of driverless miles and published the safety math. Tesla has a car built for the job, a factory and a lower cost per vehicle. The race is between proof and price.
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Strategy (MicroStrategy) stock: what is actually going on
Strategy closed Friday at $153.92, up 16.4% as bitcoin returned to $80,000. The company holds 845,050 bitcoin, has not bought any since early September, and is now buying back its own preferred shares instead.
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Coinbase stock: what is actually going on
Coinbase traded at $184.54 on Monday, October 5, about 54% below its 52-week high even with Bitcoin near $85,000. The last reported quarter showed a $359.5 million net loss, and almost half of net revenue no longer comes from trading fees.
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What the federal crash reports actually say about Tesla's robotaxis
Seventeen autonomous-system incidents across nine months of testing, most of them minor, several caused by other drivers, and two caused by Tesla's own remote operators. The record is neither the disaster nor the perfection both sides claim.
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Nvidia stock: what is actually going on
Nvidia traded at $230.59 on October 1, worth about $5.56 trillion, after adding $150 billion to its buyback. Data centers supply 92% of revenue, and the company has committed $366 billion to future supply, leases and investments.
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Tesla's Cybercab is carrying passengers in Austin. Here is what is actually running
A two-seat car with no steering wheel, no pedals and no mirrors started commercial service on September 3. Six cities already have driverless Teslas, the target is ten by year end, and a federal audit opened the same day the service did.
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Musk's companies quietly merged their AI: what SpaceX owning xAI means for Tesla shareholders
SpaceX absorbed xAI in February. Tesla's investment converted into roughly 19 million SpaceX shares. Grok now drives features inside Tesla cars. Here is how the pieces fit, and why it matters to anyone holding TSLA.
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Tesla is no longer priced as a car company: inside the robotaxi and Optimus bet
A Cybercab pilot in Austin, a Nevada permit for up to 5,000 autonomous vehicles, a third-generation humanoid robot and an in-house AI chip. Here is what Tesla is actually building, and what investors are watching next.
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Why we're watching VeChain: a 2017 supply-chain coin quietly rebuilt itself for 2026
VET is up about 69% in a month and still down 97% from its 2021 high. Behind the move: a hard fork that landed this week, staking that has locked up billions of tokens, a Franklin Templeton fund running on the chain, and Walmart China still tracking food on it.
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Coinbase, Kalshi and Kraken file to bring crypto-style perpetual futures to US stocks
Three crypto trading groups asked regulators this week to list single-stock futures with no expiry date. Nothing is approved yet, and none of the contracts is trading.
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AI cloud firm Nscale files for NYSE IPO as first-half revenue jumps 1,252% to $140.6 million
The London-based GPU cloud provider plans to list under the ticker NSCL. Its filing shows fast growth, a $1.02 billion first-half loss and $56.4 billion in contracted future revenue.
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Warren Buffett steps down as Berkshire chairman at 96; son Howard Buffett takes the seat
Buffett becomes chairman emeritus and stays on the board, completing a handoff that began when Greg Abel became CEO. Berkshire's B shares ended Friday little changed.
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Fed raises rates to 3.75%-4% and signals one more hike this year
The Federal Reserve lifted its benchmark rate by a quarter point in a unanimous vote, said inflation "remains elevated," and penciled in another increase before the end of 2026.
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Week ahead for futures traders: yields above 5%, a quieter calendar, and the road to the October jobs report
After the Fed's hike, the week of September 21 brings a flash business survey and jobless claims before a heavy stretch of data into early October. The levels and dates on traders' radar.
