S&P 500 and Nasdaq Drop

S&P 500 and Nasdaq Post Biggest Drop in Nearly a Month The S&P 500 and Nasdaq Composite recorded their sharpest one-day declines in nearly a month on Wednesday, as Wall Street investors rotated out of high-flying technology and AI stocks amid growing caution...

Meta Bond Sale

Meta Plans $25 Billion Bond Sale to Fund Soaring AI Infrastructure Costs Meta Platforms is preparing to raise as much as $25 billion in one of the largest corporate bond sales of the year, as the company accelerates spending to expand its artificial intelligence...

Future Fed Rate Cuts Uncertain

Future Fed Rate Cuts ‘Far’ From Certain After a Divided Meeting The Federal Reserve delivered a second straight 25 bp rate cut, trimming the federal-funds target range to 3.75%–4.00%. But Chair Jerome Powell used the press conference to puncture confidence in another...

Meta Shares Drop

Meta Shares Drop as AI Spending Surges Despite Record Revenue Meta Platforms posted record third-quarter revenue but warned of a major spike in spending on artificial-intelligence infrastructure, sending its stock tumbling more than 8% in after-hours trading. The...

OpenAI For-Profit Transition

OpenAI Completes For-Profit Conversion, Paving Way for IPO and Pushing Microsoft Past $4 Trillion. The AI leader’s shift to a public-benefit corporation unlocks new funding avenues, cements Microsoft’s 27% stake, and sets the stage for one of the most anticipated IPOs...