Big Tech Stocks
Apple hits record intraday high, up 6.2% at $352.52
The jump reverses Tuesday’s selloff over memory-chip costs and lifts Cupertino’s market value back above $5 trillion.
Author
Money.it Staff
Big Tech Stocks
CoreWeave trades 61% below its high as ARK buys the dip
Analysts’ average target implies 143.6% upside, but $35.1 billion of debt and a $39 billion capex plan hang over the November 10 earnings report.
US Economy
Democrats win both chambers, and Wall Street shifts its bets
With both chambers going to the Democrats, Wall Street is rethinking its bets: health care in front, technology under scrutiny and a weaker dollar,...
Big Tech Stocks
Rockets are just 12% of SpaceX revenue
The Super Intelligence division now supplies 52% of the company’s sales, and third-quarter capital spending ran to 134% of revenue.
AI & LLMs
Anthropic flags risk that AI could soon improve itself
The lab raised the alarm in its updated SEC filing, where it said that none of its current models has crossed the recursive self-improvement...
US Economy
Democrats favored at 74% as Americans vote in midterm elections
All 435 House seats and 35 Senate seats are on the ballot, but strategists say earnings, interest rates and AI spending will move US stocks more...
Bonds & Rates
Brazil’s dollar bond pays 12.25% and yields 5.7% after Lula’s win
Yields on Brazil’s foreign-currency government bonds are climbing again now that the past weeks’ election contests have been settled
Fed & Central Banks
Panetta opens door to more ECB hikes as Italian inflation hits 5.4%
The Banca d’Italia governor told World Savings Day that price growth will stay above 2% for many quarters, with the ECB’s next decision due on...
Energy Geopolitics
Brent slips below $110 as traders unwind the Iran risk premium
Hopes of a Qatar-mediated diplomatic opening have knocked more than 3.5% off crude, though Hormuz, Tuesday’s US midterm elections and the OPEC+...
