Traders pile into 'bubble puts' on CoreWeave as neocloud stocks plunge
A key corner of the artificial intelligence trade is taking a beating on Wednesday and traders are betting it could get even worse.
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OpenAI bugging suspect booked one-way ticket to Saudi Arabia with family before arrest
Abdulrahman Alfozan, the Saudi national charged with secretly installing a recording device in an executive conference room at OpenAI, had booked a one-way ticket from San Francisco to Saudi Arabia with his wife and a t…
Read more →OpenAI sued by 8 states over ChatGPT safety concerns
Eight states filed lawsuits against OpenAI on Wednesday alleging that the artificial intelligence company's ChatGPT chatbot is an unsafe product that's harmed children and deceived parents.
Read more →Dollar Ticks Up and Gold Slides on US Inflation News
(Kitco News) – Gold prices saw another volatile week as persistent Middle East uncertainty offered only limited safe-haven support, while stronger U.S. labor data, rising Treasury yields, and renewed Fed rate-hike conce…
Read more →Fairfax selected to acquire 60.72% stake in IDBI Bank for $5.6B
Fairfax Financial Holdings Ltd., run by Canadian billionaire Prem Watsa, is putting 528.78 billion rupees to work in IDBI Bank, marking the biggest foreign investment in India's fast-growing finance space. According to …
Read more →Kevin Hern Makes Significant Stock Trades in Chevron, Chubb, and Devon Energy
The Stock Trading on Congressional Knowledge Act requires U.S. Senators and U.S. Representatives to publicly file and disclose any financial transaction within 45 days of its occurrence. We download those disclosures, p…
Read more →CoreWeave shares tumble as bond yields near 15% on concern about AI borrowing binge
CoreWeave's stock and bonds were both hit on Wednesday as investor fear grew that some technology companies are borrowing too heavily for the artificial intelligence build-out.
Read more →Dell stock plunges 11%, leading data center sell-off as fears mount about 'enterprise AI timing'
Dell shares plummeted 11% on Wednesday and dragged down other data center equipment names on mounting concerns that enterprise spending on artificial intelligence won't justify the AI buildout.
Read more →Lisa Cook lawyer doubts Trump committee's fairness as president calls her 'automatic no vote'
An attorney for Lisa Cook voiced strong doubts that President Donald Trump's committee investigating mortgage fraud allegations against the Federal Reserve governor would be fair and objective.
Read more →AI Demand Outstrips Supply: ASML’s Booming Backlog
The most consequential number in artificial intelligence this week will not come from a hyperscaler's quarterly filing or a GPU shipment tally. It will emerge from Veldhoven, the Netherlands, before U.S. markets open on…
Read more →How high inflation became a 'fact of life' in the U.S.
U.S. consumers are in the midst of one of the longest stretches of elevated inflation of the past century. Some are beginning to act like it's a new normal, raising alarm bells for members of the Federal Reserve.
Read more →Treasury says largest U.S. banks let politics influence who received banking services
New Treasury Department findings may lend weight to President Donald Trump’s long-running grievance that major banks have discriminated against conservatives.
Read more →Rising diesel prices have helped fuel inflation — and we’re about to see how much worse it could get
Consumer inflation just came in hot. Thursday will provide more clues on the impact of record diesel prices ahead of the midterm elections.
Read more →The truth about being a landlord in retirement
The truth about being a landlord in retirement Investing in rental property isn’t easy or ‘passive’ Read at source
Read more →Container ship sinks in Strait of Hormuz as Iran steps up attacks
A container ship sank in the Strait of Hormuz on Wednesday as Iran escalated its attacks on commercial vessels.
Read more →Your Social Security check will rise 3.6% next year, but will it be able to keep up with inflation?
The COLA is aimed at helping about 68 million beneficiaries keep pace with inflation.
Read more →Social Security Administration announces 3.6% cost-of-living adjustment for 2027
With a 3.6% COLA for 2027, Social Security retirement benefit checks will go up by $75 per month, on average, the agency said.
Read more →Fannie Mae sharply raises mortgage rate forecast for 2027
Fannie Mae just put out its latest forecast for mortgage rates, and they are much higher than previous estimates.
Read more →BlackRock's Larry Fink warns a data center moratorium could trigger a recession
Local opposition to data center construction has been a feature of the midterm elections set for Tuesday, Nov. 3.
Read more →Stocks Finish Lower Ahead of Wednesday’s CPI Report
Tomorrow’s U.S. CPI report is the next big test for the markets. Will inflation remain concentrated in energy, or will the data show price pressures spreading more broadly? That question took on added importance after S…
Read more →Netflix to lay off roughly 1,000 employees, or 6% of workforce
Netflix will lay off roughly 6% of its workforce, according to a memo obtained by CNBC.
Read more →Here's the inflation breakdown for September 2026 — in one chart
The inflation rate increased in September on the back of higher gasoline and energy prices amid the Iran war, further squeezing households' budgets and perhaps putting pressure on the Federal Reserve to raise interest r…
Read more →Accenture stock rallies on upbeat long-term growth targets
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Read more →This Market Dip Is a Gift: 6 Stocks to Buy Now
In today’s Finshots, we talk about the falling markets and what ‘buying the dip’ really means.
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