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Markets are in a risk‑off mood: the S&P 500 and Nasdaq have slumped as AI valuation fears and looming Nvidia results stoke volatility, while the Dow has been hit by retail weakness. Bitcoin and crypto plunged, pushing investors into energy, utilities and safe‑haven bonds as Treasury yields fell on softer U.S. labor data.
A global Cloudflare network failure knocked major apps offline and sent the company’s shares lower. The pair of stories link the technical cause to market fallout and service disruption for ChatGPT, X and others.
25% – Crypto market value down ~25% since Oct 6, wiping roughly $1.2 trillion.
Fund managers and strategists are warning about excess corporate spending in AI and the risk of a valuation bubble. Markets are reacting, amplifying a tech-led selloff across the globe.
Cryptocurrency markets have plunged in recent weeks, erasing 2025 gains and triggering massive outflows. These stories capture both the price action and the scale of losses across the sector.
Medtronic lifts outlook after beat-and-raise quarter
Medtronic beat Q3 estimates and raised its fiscal outlook, signalling resilient device demand and boosting the medical-products maker’s stock on hopes of renewed growth.
More on wsj.com
Nvidia’s upcoming results are the focal point for investors as AI valuations wobble. Analysts and chart-watchers are flagging levels that could drive big market moves after the report.
Home Depot’s weak quarter and downgraded outlook are being read as a bellwether for the housing market and consumer demand. The linked pieces cover the earnings miss and the market reaction.
ExxonMobil to close Scottish chemicals plant — 200 jobs lost
ExxonMobil will shut a Scottish chemicals facility, citing poor market conditions and policy headwinds, a move that will cost around 200 jobs and underscores pressures on European petrochemical operations.
More on ft.com
Major cloud and AI providers are deepening commercial ties with Anthropic as demand for compute soars. The items document a multi-front partnership that reshapes capacity and go-to-market scale for Claude.
President Trump’s meeting with Saudi Crown Prince Mohammed bin Salman is tied to a slate of expected defense and commercial deals. These items highlight the diplomatic summit and a planned F-35 sale to Riyadh.
House set to vote to force release of Epstein files; EU opens DMA probes into AWS/Azure gatekeeper status; regulators are reassessing bank oversight amid drive for lighter‑touch supervision.
Congress is poised for a high-profile vote to force release of Justice Department files tied to Jeffrey Epstein. The White House has signalled support, making the measure politically explosive.
New research exposes a large, previously opaque flow of Chinese financing to U.S. projects and firms. The two pieces document the scale and targets of Beijing’s overseas lending to advanced economies.
No company is going to be immune if the AI bubble bursts.
— Sundar Pichai
Refining margins have surged on supply shocks and sanctions, boosting oil-sector profits. Meanwhile sovereign energy firms are securing financing to expand output amid tight markets.
European and U.S. banks are plotting growth while regulators shift supervision priorities. The items show banks’ strategic plans alongside changes in the oversight regime.
A blockbuster all‑stock tie-up would create a global leader in coatings and surface technologies. These stories cover the deal terms and the rationale for consolidation in the sector.
Brussels is tightening rules on cloud providers and has opened formal probes into Amazon and Microsoft under the Digital Markets Act. The pair of items map the EC’s push to label gatekeepers in cloud services.
Automakers are reallocating capital and local production to capture shifting EV and hybrid demand. The entries show Toyota’s U.S. investment and Renault’s Brazil production pivot with Geely tech.
Signs of labor‑market softness have moved FX and fixed‑income markets, trimming dollar strength and pushing yields lower. The two items capture the policy‑sensitive market reaction to updated labor data.
Newly released files and court rulings have produced political and legal fallout for senior figures. These pieces cover a prominent academic stepping back amid the Epstein revelations and a judge’s criticism of DOJ handling in another case.
Major software and services vendors are embedding generative AI through commercial deals. These stories describe Intuit’s large contract and the wider strategic partnership with OpenAI to integrate models into consumer finance tools.
North American housing metrics show persistent weakness as construction falls and builder confidence lags. The two items highlight slower new‑build activity in Canada and subdued U.S. builder sentiment.
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