Stocks fell on Wednesday after hotter inflation raised bets on another Fed rate hike. CoreWeave and Oracle fell hardest as investors questioned how AI projects are financed.
Schwab, PNC, US Bancorp, Prologis and Ericsson reported on 15 October. Options pricing showed how big a move traders expected in each stock.
Starbucks denied it plans to bid for Chipotle after a Financial Times report said it had explored a deal. Chipotle shares fell on the statement, and Starbucks shares rose.
SK Hynix fell more than 10% and Samsung 7.4% in Seoul on Tuesday after China’s CXMT flagged progress on a denser memory chip design. The rout followed a drop in US stocks on Monday.
The dating app, once valued at $14 billion, will go private under Ithaca Holdings at $6.05 a share. Its stock jumped 56% on Tuesday.
President Trump announced a diesel supply deal with Russia ahead of the midterms. Details are thin, Ukraine’s president condemned it, and the volumes are small next to US demand.
Justices heard Anderson v. Intel on Oct. 6. It asks what workers must show to sue over weak 401(k) returns, and the answer may affect private investments in retirement plans.
C.H. Robinson agreed to acquire RXO in a cash-and-stock deal, merging two of North America’s largest truck brokers. Shares of RXO jumped on the news.
Google will buy power from upgraded reactors in three states under a 20-year deal. Constellation shares jumped about 12% on the news.
Elon Musk’s SpaceX is reportedly seeking $40 billion from banks and bond investors to buy Nvidia AI chips. The talks are early and may not produce a deal.