Markets swung after Nvidia’s blowout quarter and a delayed U.S. jobs report. The S&P 500 and Nasdaq opened with rallies but ended mixed as AI optimism met selling pressure; the Dow lagged. Volatility spiked (VIX up), tech and semiconductors led moves, while retail and defensive sectors showed strength on earnings and guidance.
Japan’s currency and bond markets plunged amid investor alarm over a looming fiscal splurge. Officials are preparing an unprecedented stimulus package that markets fear will strain finances and prompt intervention.
119,000 – U.S. jobs added in September (delayed report).
Inflation and yields in Japan are trending higher, strengthening calls for policy shifts. Data and market moves are combining to push up expectations for Bank of Japan rate adjustments.
Nvidia’s blowout quarter temporarily calmed AI-bubble fears but the market’s relief proved short-lived. Volatility returned as investors weighed earnings vs. stretched AI valuations.
Adobe buys Semrush for $1.9B — marketing and AI play
Adobe agreed to acquire Semrush for $1.9 billion, bolstering its marketing stack and AI-powered search capabilities — a strategic deal that accelerates Adobe’s ambitions in martech and analytics.
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A delayed U.S. jobs report and stronger-than-expected payrolls have muddied Fed rate-cut odds for December. Markets are recalibrating rate expectations as policymakers debate the timing of easing.
Fed officials are voicing caution about near-term rate cuts as data proves mixed. Diverging views among policymakers are adding to market uncertainty about the path for monetary easing.
Bath & Body Works stock plunges after earnings miss — turnaround plan unveiled
Bath & Body Works tumbled after missing Q3 estimates and unveiling a turnaround plan, highlighting challenges for mall-centric retailers and prompting investor skepticism about the retailer’s recovery path.
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Warner Bros. Discovery has kicked off a formal sale process with several major suitors. The bidding could reshape Hollywood’s studio landscape depending on whether buyers pursue the whole company or parts.
Verizon is launching its biggest restructuring in years, cutting thousands of jobs as the new leadership reshapes strategy. The move signals telecoms trimming costs amid a tougher operating backdrop.
White House drafting executive order to preempt state AI rules and establish a federal AI task force; administration exempts additional Brazilian agricultural imports from tariffs; U.S. approves advanced chip exports to select Gulf AI ventures.
Walmart beat estimates and lifted its outlook while plotting a major market move. Executives are capitalizing on strong e-commerce trends as the retailer repositions for a tech-driven future.
Bitcoin plunged again as crypto market structure weakened and Fed rate-cut hopes faded. Traders cite sell pressure from short-term wallets and ETF flows as the market rebalances.
“We see something very different.”
— Jensen Huang, Nvidia CEO
Institutional and retail ETF activity is reshaping crypto price action this month. Large block trades and strategic buys by funds are driving volatile flows across exchanges and ETFs.
Prediction market Kalshi closed a major funding round that boosts its bid to scale. The deal highlights growing investor interest in regulated event markets amid wider crypto and fintech flows.
New images and early probe findings are intensifying scrutiny of an air freighter crash that killed 14. Investigators point to structural fatigue but work continues to pin down causes and safety gaps.
A botulism outbreak tied to infant formula is expanding, raising public-health alarms and supply concerns. Regulators and retailers are under pressure as recalled product remains on some shelves.
The Trump administration circulated a controversial Ukraine peace framework that asks Kyiv to make territorial concessions. The plan is reshaping transatlantic diplomacy as Kyiv engages with U.S. proposals.
Ceasefire tensions persist as diplomatic warnings and strikes threaten a fragile truce in Gaza. Regional mediators are pressing both sides while military actions risk unraveling the pause.
OpenAI is partnering with Foxconn to build U.S.-made data-center components as AI hardware demand rises. The tie-up aims to secure supply chains and accelerate domestic manufacturing for AI infrastructure.
GE HealthCare is broadening its imaging software footprint through a major acquisition, signaling consolidation in medical IT. The deal boosts the buyer’s reach into outpatient and ambulatory care markets.
Major U.S. banks have pulled back from a proposed $20 billion bailout for Argentina, opting for smaller facilities amid risk concerns. The move underscores bankers’ caution about sovereign exposure and near-term debt risks.