A bruising October for technology stocks — the Nasdaq-100 finished the month down nearly 7% — sent investors rotating into consumer staples, which surged 11.4%, as a packed week of earnings, the midterm elections, and the jobs report looms.
S&P Global Ratings revised Meta Platforms' credit outlook from stable to negative, pointing to the company's $135–$145 billion capital expenditure forecast and its first-ever quarter of negative free cash flow of $2.12 billion.
Binance confirmed a $6.3 billion hack — the largest in crypto history — with investigators linking the breach to North Korea's TraderTraitor group. Around $3 billion in assets have been frozen as the exchange pledges to cover all customer losses.
Google's Suncatcher prototype satellite — carrying a single Tensor Processing Unit and running DeepMind's Gemma 4 — has completed its commissioning phase and begun active operations in orbit, marking the first time an AI model has run inference workloads on a space-based data center.
Meta, Alphabet, and Amazon reported negative free cash flow this earnings season as AI infrastructure spending mounts, leaving Microsoft as the only hyperscaler still generating positive cash returns amid intensifying investor concern.
The Department of Justice filed an amended complaint in Anchorage federal court Thursday, escalating its lawsuit over Alaska's Senate race amid allegations that Democrat Mary Peltola's campaign recruited a retired schoolteacher named Dan J. Sullivan to confuse voters.
Intel shares plunged 21% after the chipmaker's fourth-quarter guidance missed estimates by a wide margin, blaming a PC market slowdown and the fallout from a fatal fab explosion in Israel. Separately, Microsoft announced plans to raise $25 billion in bonds to fund its AI infrastructure buildout.
A bruising October for technology stocks — the Nasdaq-100 finished the month down nearly 7% — sent investors rotating into consumer staples, which surged 11.4%, as a packed week of earnings, the midterm elections, and the jobs report looms.
S&P Global Ratings revised Meta Platforms' credit outlook from stable to negative, pointing to the company's $135–$145 billion capital expenditure forecast and its first-ever quarter of negative free cash flow of $2.12 billion.
Meta, Alphabet, and Amazon reported negative free cash flow this earnings season as AI infrastructure spending mounts, leaving Microsoft as the only hyperscaler still generating positive cash returns amid intensifying investor concern.
Google's Suncatcher prototype satellite — carrying a single Tensor Processing Unit and running DeepMind's Gemma 4 — has completed its commissioning phase and begun active operations in orbit, marking the first time an AI model has run inference workloads on a space-based data center.
U.S. employee engagement dropped to 29% in Q3 2026, its lowest level since 2011, according to Gallup, with remote and hybrid workers at AI-integrated organizations driving the steepest declines.
Microsoft cut its full-year capex forecast to $170 billion from $175 billion, while Alphabet held guidance at $195 billion to $205 billion — both below analyst estimates — as GPU delivery delays from third-party providers push some AI infrastructure capacity into 2027.
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