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—— Blackstone Executive Pushes Back on AI Bubble Concerns; Meta Ramps Up AI Spending as Shares Slide More Than 7%; Hedge Funds Build Near-Record Short Positions; Blackstone Cuts Some Property Valuations; GTA 6 Hype Drives 22% Jump in US PlayStation 5 Sales; US Orders Some Diplomats and Families to Leave Saudi Arabia; Moderna, Merck Shares …

Continue reading “Market Beats | Blackstone Executive Pushes Back on AI Bubble Concerns; Meta Ramps Up AI Spending as Shares Slide More Than 7%; Hedge Funds Build Near-Record Short Positions; Blackstone Cuts Some Property Valuations; GTA 6 Hype Drives 22% Jump in US PlayStation 5 Sales; US Orders Some Diplomats and Families to Leave Saudi Arabia; Moderna, Merck Shares Fall on Possible Leak of Melanoma Vaccine Data”

—— Why Many American Retirees Are Afraid to Spend Their Savings; Schwab Earnings Beat Estimates; CoreWeave Credit Risk Hits Record; Trump Blocks Livestream of Hasan Execution After Bipartisan Backlash; US Producer Prices Rise Most in Four Years; Anthropic Reports $16.8 Billion in Quarterly Revenue; US Grocery Prices Face Fresh Inflation 1. Why Many American Retirees …

Continue reading “Market Beats | Why Many American Retirees Are Afraid to Spend Their Savings; Schwab Earnings Beat Estimates; CoreWeave Credit Risk Hits Record; Trump Blocks Livestream of Hasan Execution After Bipartisan Backlash; US Producer Prices Rise Most in Four Years; Anthropic Reports $16.8 Billion in Quarterly Revenue; US Grocery Prices Face Fresh Inflation”

—— Apple and OpenAI Face First Major Court Showdown; Houthi Attacks Hit Saudi Cities and Aramco Complex; OpenAI Employee Arrested Over Alleged Hidden Recording Device; Bank of America Earnings Hit by Trading Slump and $1.2 Billion Charge; CoreWeave Bonds Slide Into Distressed Territory; US Inflation Accelerates to 3.7%; Netflix to Cut About 1,000 Jobs 1. …

Continue reading “Market Beats | Apple and OpenAI Face First Major Court Showdown; Houthi Attacks Hit Saudi Cities and Aramco Complex; OpenAI Employee Arrested Over Alleged Hidden Recording Device; Bank of America Earnings Hit by Trading Slump and $1.2 Billion Charge; CoreWeave Bonds Slide Into Distressed Territory; US Inflation Accelerates to 3.7%; Netflix to Cut About 1,000 Jobs”

—— LVMH’s Largest Division Slumps as China Weakness Hits Louis Vuitton; Saudi Arabia Faces Fresh Drone and Missile Threats; Federal Agents Search Ilhan Omar’s Home; Sherry-Netherland Owner Sues Over Six Years of Scaffolding; Meta Unveils Muse Wonder AI Model; Bumble Shares Surge 57% on Report of $1 Billion Take-Private Talks; US Pending Home Sales Sink …

Continue reading “Market Beats | LVMH Largest Division Slumps as China Weakness Hits Louis Vuitton; Saudi Arabia Faces Fresh Drone and Missile Threats; Federal Agents Search Ilhan Omar’s Home; Sherry-Netherland Owner Sues Over Six Years of Scaffolding; Meta Unveils Muse Wonder AI Model; Bumble Shares Surge 57% on Report of $1 Billion Take-Private Talks; US Pending Home Sales Sink to Near 12-Year Low”

—— LVMH’s Largest Division Slumps as China Weakness Hits Louis Vuitton 1. LVMH’s Largest Division Slumps as China Weakness Hits Louis Vuitton LVMH’s largest business division suffered a sharper-than-expected decline last quarter, as deteriorating conditions in China and a consumer backlash weighed on its flagship Louis Vuitton brand. Organic revenue at the fashion and leather …

Continue reading “Market Beats | Apple Plans Late-October Launch for First Touchscreen MacBook; Nvidia-Backed Firmus IPO Collapses; Target Denies Working With ICE After New York Shooting Sparks Backlash; SpaceX Buys Wireless Spectrum, Moving Closer to US Mobile Market; US Income Inequality Eases, but Wealth Gap Remains Wide; Delta Cuts Full-Year Earnings Outlook as Fuel Costs Climb”

—— Mpower Financing Curtails Operations as Immigration Crackdown Disrupts Funding; US Mortgage Rates Rise for Seventh Straight Week; New Jersey Suburban Cost Advantage for Families Is Shrinking; SpaceX Seeks $40 Billion Financing for Nvidia Chip Purchase; Porsche Plans 20% Increase in Average Price of Top Models; HSBC Plans Sweeping Job Cuts in UK Wealth Management; …

Continue reading “Market Beats | Mpower Financing Curtails Operations as Immigration Crackdown Disrupts Funding; US Mortgage Rates Rise for Seventh Straight Week; New Jersey Suburban Cost Advantage for Families Is Shrinking; SpaceX Seeks $40 Billion Financing for Nvidia Chip Purchase; Porsche Plans 20% Increase in Average Price of Top Models; HSBC Plans Sweeping Job Cuts in UK Wealth Management; Google Launches AI Platform for Creating Video Games with Text Prompts”