Equities rallied on hopes the US shutdown will end: the Dow jumped nearly 500 points while the S&P 500 posted modest gains and the Nasdaq lagged on tech weakness. Volatility rose as investors digested SoftBank’s Nvidia sale and CoreWeave’s data‑centre delays. Energy and industrials outperformed; catalysts include ADP jobs data, shutdown progress and AI‑infrastructure news.
Congress edges toward ending the longest US government shutdown after the Senate approved a funding package. The bill now moves to the House, with markets, federal pay and agency reopenings hinging on next steps.
500 pts – Dow jumped nearly 500 points as lawmakers moved to end the US government shutdown.
Widespread aviation disruption continues as the FAA cuts flights to ease controller staffing strain. Airlines warn cancellations and delays will persist even if a shutdown deal is reached.
Fresh private payroll data shows US job losses, knocking the dollar and boosting Treasury futures. The ADP numbers add to signs of a softening labor market and weigh on near-term growth expectations.
SolarEdge Soars to 52‑Week High on Q3 Blowout
SolarEdge hit a 52‑week high after beating Q3 estimates and signing an AI‑support deal, signaling renewed investor appetite for industrial names exposed to AI infrastructure.
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AI infrastructure leader CoreWeave shocked investors with delivery delays and a weaker outlook, triggering steep losses. Banks and analysts cut targets amid concerns about capital needs and backlog execution.
SoftBank sold its entire Nvidia stake, a move that rattled chip markets and reignited AI-bubble concerns. Nvidia shares slid as investors digested the exit and SoftBank’s pivot toward other AI bets.
SPIRIT DOUBT: Carrier flags ‘substantial doubt’ over survival
Low‑cost carrier warned it faces ‘substantial doubt’ about continuing as a going concern, underscoring deep balance‑sheet stress ahead of peak travel season and raising bankruptcy risk.
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A nationwide infant-botulism outbreak prompted a full recall of ByHeart baby formula and an escalating public-health probe. Hospitals have reported multiple cases, raising urgent regulatory and supply-chain concerns.
Wendy’s announced steep store closures as traffic from lower‑income customers falls, signaling pressure on casual‑dining franchises and a repricing of footprint strategy across the sector.
Senate passed a funding package to end the shutdown; regulators and watchdogs are pressing OpenAI over AI safety; Visa/Mastercard swipe‑fee settlement would cut merchant costs; several central banks and finance regulators are advancing crypto and tokenization rules.
Eli Lilly’s shares climbed toward record highs as obesity‑drug momentum and strategic deals sustained investor optimism despite pricing shifts. Analysts flag how pricing and volume interact across the drug cycle.
Novo Nordisk’s stock rose even after losing a bidding war and cutting Wegovy prices in India, underscoring strong demand for obesity drugs and investor focus on global pricing strategies.
We see the data‑center market growing to $1 trillion by 2030.
— Lisa Su, AMD CEO
Coinbase walked away from talks to buy BVNK and is expanding regulated products abroad, reflecting a cautious M&A stance while pushing into regulated savings services.
Opendoor signaled an aggressive pivot toward AI while reporting weak results that pushed the stock lower. The housing‑tech firm faces a tough path to profitability as it reshapes its strategy.
Sonder, a Marriott‑backed rental operator, abruptly shut down and filed for bankruptcy, leaving guests stranded and exposing fragility in short‑term rental models dependent on tight margins.
Wall Street rallied on hopes the shutdown would end, with the Dow leading gains. The move reflected relief buying but raised questions about durability amid tech weakness and geopolitical noise.
Consumer and civil‑society groups pressed OpenAI over safety and deepfake risks tied to its new video app Sora. Regulators and advocates are demanding stronger guardrails as generative tools proliferate.
Visa and Mastercard reached a landmark swipe‑fee settlement that would lower costs for merchants and reshape card economics, with implications for pricing, interchange and consumer checkout dynamics.
Tesla’s Cybertruck program suffers executive departures amid mounting product and engineering challenges. The exits underscore execution risk at the heart of Tesla’s next-big-thing strategy.
Anthropic claims a lead in the profitability race with a clear financial plan to reach break‑even before larger rivals. The documents highlight divergent timelines among AI leaders and investor expectations.
Banks and private capital are pouring billions into the global AI data‑centre buildout, a capital markets event that will stretch across bond and loan markets. Investors and policymakers are weighing the scale and local power implications.