Stocks are falling sharply in a broad-based selloff driven by investors recalculating some of the year's most popular AI trades.
This is a true panic," said Jay Hatfield, CEO at Infrastructure Capit… [+869 chars]

Live updates on markets and the top finance, economics and business stories. Plus the latest on bonds, oil prices, the Dow, S&P 500 and Nasdaq.

The Wall Street Journal

Stock Market Today: Nasdaq Sinks 4% as Investors Ditch Chip, Data-Center Stocks — Live Updates - WSJ

EAST BOSTON, Mass.A Massachusetts pipefitter was announced Thursday as the winner of Boston Logan International Airport's "Voice of Logan" contest.
Christopher Donisi, 43, who grew up in Arlington, … [+1541 chars]

A pipefitter from Arlington, Massachusetts, was announced Thursday as the winner of Boston Logan International Airport's "Voice of Logan" contest.

WCVB Boston

Pipefitter's pipes will provide new 'Voice of Logan' - WCVB

Wendys rejected a $1.4 billion buyout offer from an activist investor, saying Thursday that the bid was too low, and it adopted a poison pill plan that would make it more difficult to engineer a host… [+2859 chars]

Wendy’s rejected a $1.4 billion buyout offer from an activist investor, saying Thursday that the bid was too low

Abcnews.com

Wendy's rejects buyout bid from activist investor and adopts 'poison pill' plan - ABC News - Breaking News, Latest News and Videos

Perhaps youre old enough to remember yesterday, when Wall Street stocks posted their biggest gain in three months as investors bet that the Democrats resounding victory in the US midterm elections wo… [+1284 chars]

A dispatch from the trenches of daily market commentary

Financial Times

So, about that Anthropic IPO . . . - Financial Times

Nvidia (NVDA) is on track for its fifth straight losing week, and the slide since its October record has now erased nearly $1.4 trillion in market value.
Thursday did a lot of the damage. At its mor… [+2119 chars]

Nvidia is losing the most in S&P 500 stocks by value in Thursday's market rout, on track for a fifth straight week of losses.

Yahoo Entertainment

Nvidia has lost nearly $1.4 trillion since its October record - Yahoo Finance

"A lot of our shift over the course of this year has really been to realise that from San Francisco trying to build infrastructure in Texas, Georgia, and other places, you can't just tweet and say: '… [+146 chars]

The market has been reacting to possible tougher scrutiny of data centre construction and the AI industry following the US mid-terms

BBC News

Shares in Musk's SpaceX plunge as tech and AI stocks fall - BBC

Then $75 per month. Complete digital access to quality FT journalism on any device. Cancel anytime during your trial.

Jeff Bezos’s rocket company slips further behind Elon Musk’s SpaceX following devastating explosion

Blue Origin delays launches until 2027 - Financial Times

Shares of memory chipmaker Micron Technology (MU) tumbled 12% as a chip sell-off deepened on Thursday.
Peer SK Hynix (SKHY), along with memory and storage names Sandisk (SNDK), Seagate (STX), and We… [+713 chars]

Micron led the chip sector lower on Thursday amid a heavy sell-of

Micron stock declines 12% as chip sell-off deepens - Yahoo Finance

Information in Investors Business Daily is for informational and educational purposes only and should not be construed as an offer, recommendation, solicitation, or rating to buy or sell securities. … [+1064 chars]

Goldman Sachs, Apollo Global look to sell portions of $40 billion GPU deal with SpaceX. Cathie Wood buys the dip amid AI retreat.

Investor's Business Daily

SpaceX Lessors Look To Sell $40 Bil AI Deal. ARK Buys The Dip On SPCX Stock. - Investor's Business Daily

Food startup Wonder has confidentially filed for an initial public offering, the company said Thursday.
Created by serial entrepreneur Marc Lore in 2018, Wonder advertises itself as "the best restau… [+1635 chars]

Marc Lore's latest startup Wonder has confidentially filed for an initial public offering.

CNBC

Marc Lore's Wonder confidentially files for IPO - CNBC

Expedia CEO Ariane Gorin said Thursday the company hasn't yet seen artificial intelligence agents affecting the way customers book, but the early signs show potential for an industry shift. 
"It's a… [+2116 chars]

Expedia CEO Ariane Gorin told CNBC that AI agents present an exciting time for the travel industry but that they haven't yet impacted bookings.

Expedia CEO says AI agents aren't changing booking habits — yet - CNBC

John Deere plans to close two Iowa manufacturing plants, shifting equipment production to other facilities as part of a broader restructuring of its manufacturing operations.

DTN The Progressive Farmer

John Deere Announces Iowa Plant Closures, Production Moves Through 2029 - DTN Progressive Farmer

D.C. officials on Thursday announced their intent to lobby incoming Democratic governors in states that flipped blue to recall their National Guard troops from the District.
At a D.C. Council hearin… [+1119 chars]

Stock markets in the U.S., Asia and Europe also surged following the midterm results, amid expectations of Democratic resistance to an escalation in fighting.

The Washington Post

Oil prices hit two-month low following decisive midterm election results - The Washington Post

SpaceXstock was falling Thursday, dipping below its initial public offering price of $135 in June, following a new Buy rating on Wall Street and more buying from growth investorCathie Wood.
Copyrigh… [+89 chars]

China Renaissance initiates coverage of SpaceX with a Buy rating and a $194.20 price target,

Barron's

SpaceX Stock Today Has These 2 Positives. The Stock Is Still Falling. - Barron's

The share of first-time homebuyers remains at a near-record low of 22% as a housing shortage and high prices sideline many, according to a new report
 by the National Association of Realtors. But th… [+4229 chars]

A new report finds generational wealth is widening the divide between homebuyers and those priced out. The median age of first-time buyers also remains at a record high.

First-time homebuyers remain scarce, but a record share of them pay all cash - NPR

A major California-based Outback Steakhouse franchise operator has gone bust, blaming the Golden States soaring labor costs, sky-high food prices and dwindling customers for pushing its restaurant em… [+5091 chars]

The filing marks another blow to California’s battered restaurant industry.

New York Post

California-based restaurant chain operator files for bankruptcy as it blames state’s brutal wage laws - New York Post

Senate Democrats are gearing up to investigate JPMorgan Chase's banking relationship with the late sex offender Jeffrey Epstein once they take control of Congress early next year.
Democratic staffer… [+4993 chars]

JPMorgan kept Jeffrey Epstein as a client for years after top executive Mary Erdoes hearing claims he paid to have underage girls brought to his home.

Democrats to probe JPMorgan's relationship with Jeffrey Epstein when they take Senate control - CNBC

Qualcomm Inc. shares tumbled by the most in almost six months after the company gave a lackluster profit forecast, a sign the largest maker of smartphone processors is still grappling with higher com… [+263 chars]

Qualcomm Inc. shares tumbled by the most in almost six months after the company gave a lackluster profit forecast, a sign the largest maker of smartphone processors is still grappling with higher component prices.

Bloomberg

Qualcomm Slides After Supply Costs Take a Bite Out of Profit - Bloomberg.com

LONDON (AP) The Bank of England indicated Thursday that the sharp decline in energy prices after the U.S. midterm elections if sustained could limit the prospect of further interest rate hikes in the… [+3359 chars]

The Bank of England is raising interest rates for the first time in more than three years in an effort to tackle an inflation shock stoked by the Iran war. The decision to lift the bank’s main interest rate to 4% from 3.75% Thursday was widely expected given …