Finance
Alphabet Stock Drops Over 12% as AI Spending Weighs on Earnings
Alphabet's quarterly results missed estimates on October 28, 2026, just as investors questioned whether its search business can hold up as AI reshapes how people find information. The stock...
Finance
Nasdaq Slides as Alphabet Tumbles and Strong GDP Lifts Yields
US stocks closed lower on Thursday, October 29, 2026, with the Nasdaq Composite down 1.37% at 26,184.72. Doubts about returns on AI spending outweighed...
Finance
ECB: Euro Banks Report Record Hit to Retail Funding Access
The European Central Bank published the third-quarter results of its Bank Lending Survey (BLS) on October 27, 2026. The headline finding is unambiguous: euro-area...
Finance
Utah Charges Kalshi Founders in Prediction Market Clash With CFTC
Utah filed criminal charges on October 28, 2026 against prediction market platform Kalshi, its CEO and co-founder Tarek Mansour, and its chief operating officer...
News
Fed Holds at 4%, but a 10-2 Vote Opens the Door to December
The Federal Reserve kept its policy rate in the 3.75-4.00% range at the October 28, 2026 FOMC meeting, on a 10-2 vote. For crypto...
Finance
DTCC Goes Live With Tokenized Stocks Backed 1-to-1 by $114T
The Depository Trust & Clearing Corporation (DTCC), the backbone of U.S. post-trade markets, went live on October 28, 2026 with a tokenization service for...
Finance
France Eyes AI Tax to Fund Net Pay Rises of €150-250 a Month
Former French finance minister Bruno Le Maire proposes funding a €150 to €250 monthly rise in net pay through a three-point VAT increase and...
Finance
AI Label No Longer Wins Lenders as Credit Default Swaps Hit 1,100 bps
An AI label is no longer enough to secure credit. According to J.P. Morgan, lenders now require companies to prove they can fund their...
News
Anthropic files S-1: 1,300% growth and a record-sized IPO test
On October 26, 2026, Anthropic made its S-1 registration statement public with the U.S. Securities and Exchange Commission, formally launching its initial public offering....
Finance
Anthropic Files for IPO at $965B Valuation as AI Race Heats Up
Anthropic, the company behind the Claude chatbot, has confidentially filed a draft S-1 with the SEC ahead of a potential US listing. Last valued...
Finance
Apollo Says AI Has Yet to Pay Off for S&P 493 Companies
Corporate America outside the technology sector has yet to show any observable financial payoff from artificial intelligence, according to Apollo Global Management's chief economist....