Top Overnight News Disappointing reports from technology heavyweights including have fueled fears over massive AI spending, with Nasdaq 100 constituents already wiping out mor…
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Top Overnight News Disappointing reports from technology heavyweights including https://t.co/Y8MuytR4rZ have fueled fears over massive AI spending, with Nasdaq 100 constituents already wiping out mor…
Top Overnight News Disappointing reports from technology heavyweights including https://t.co/Y8MuytR4rZ have fueled fears over massive AI spending, with Nasdaq 100 constituents already wiping out more than $1.2 trillion in market capitalization this month. BBG Intel plummeted in late trading after its revenue forecast missed analysts’ estimates, hurt by a PC slump and supply snags. https://t.co/Y8MuytR4rZ also dropped after reporting greater-than-anticipated capital spending and the slowest growth in the core e-commerce business in three years. BBG Binance estimated $6.3 billion in funds was impacted in crypto’s biggest-ever hack, which TRM Labs attributed to North Korea. The exchange suspended withdrawals and pledged to cover losses. Digital tokens fell. BBG Brent topped $117 on signs the US may resume strikes on Iran after the midterms. Qatari mediators returned to Tehran for deal talks coordinated with Washington. BBG Iran claims 2 oil tankers hit by incidents, stopped in Hormuz. BBG Vance messaged an Iranian hardliner, Mohsen Rezaei, and said he was prepared to meet in person to discuss a settlement to the war. WaPo The US reportedly informed mediators that Iran abandoning its nuclear programme is a prerequisite for negotiations: Al Arabiya citing sources. Mediators are discussing allowing inspectors access to Iranian nuclear sites in exchange for the release of some frozen funds. Exxon, Chevron cancel plans to attend Abu Dhabi oil conference. BBG The Bank of Japan has said that underlying inflation has reached its 2% target, in effect declaring victory in a war against deflation that had defined the Japanese economy for decades. The long-awaited breakthrough was announced on Friday in the BoJ’s quarterly outlook for economic activity and prices, which accompanied a decision to keep interest rates on hold at 1.25%. The rate decision, by an 8-1 margin, was widely expected by markets. FT The BOJ also announced it would step up the pace of ETF sales, accelerating the unwinding of its massive holdings. BBG The euro-area economy rose 0.4% in the third quarter, twice the pace analysts predicted, despite an unexpected 0.1% contraction in France. BBG Chinese stocks suffered their worst month in more than a decade as fading policy support for a weak economy and doubts over AI earnings deepened investor pessimism. BBG Ukraine’s military has paused its
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