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10/15
04:22
The Russell 2000 Index entered a correction with Wednesday’s plunge, falling 11% from its peak, as rising inflation and interest rates push the market's riskiest stocks below important averages.
04:12
Dell's stock plunged 11% on Wednesday, dragging down shares of data center equipment manufacturers such as Hewlett Packard Enterprise (HPE), Oracle, and Super Micro. This followed a report from Barclays analysts who downgraded Dell, HPE, and NetApp to "Equal Weight," citing overly optimistic market expectations for growth in enterprise AI spending, and the absence of a "meaningful inflection point" in actual enterprise AI adoption. They argued that current revenue growth is more driven by rising memory costs than by enterprise AI.
04:08
Anduril, a U.S. defense technology startup, has launched an employee stock tender offer, allowing employees to sell shares at $94.80 per share, with a cap of $1.3 billion. The offer opened on October 13 and will close on November 9. Anduril has been a major beneficiary of the U.S. defense technology boom and President Donald Trump's plan to revitalize the American military industrial complex. Its valuation doubled to $61 billion after completing a $5 billion funding round in May this year, and this latest offer further pushes its valuation to $90 billion. The company's co-founder, Palmer Luckey, co-leads "Project Meridian," an initiative aimed at developing military capabilities with Elon Musk, and earlier this month secured a U.S. Navy shipyard contract worth up to $2.9 billion.
04:01
Anonymous GTA 6 leaker "Cyberleek" stated that they will no longer regularly leak game content due to the poor performance of their crypto token. The token's market capitalization has fallen to approximately $1 million, significantly lower than the $40 million it reached during previous leaks. However, "Cyberleek" still threatened that if arrested, they would activate a "dead man's switch" to release GTA 6 ending spoilers, "punishing" Take-Two, the parent company of game developer Rockstar Games. GTA 6 is reportedly scheduled for release on November 19.
03:51
Investment banks Perella Weinberg and Piper Sandler have abandoned their merger talks. The potential deal would have created an independent investment bank with a market value of $6 billion.
03:48
Some of Virgin Media O2's largest creditors, including BlackRock, Pimco, and Sona, are reportedly seeking legal counsel from Milbank LLP. This action follows concerns raised by a UK regulator regarding a deal that would have provided Virgin Media O2 with much-needed cash.
03:46
Taiwanese and South Korean battery suppliers are looking to enter Japan's grid-scale energy storage market. Chinese rivals are currently locked out due to a lack of local cybersecurity certification. Taiwan's Cold Electric, for example, plans to expand its power storage system production capacity ninefold.
03:17
The Federal Reserve's Austan Goolsbee stated that more bad inflation months are unacceptable.
03:15
The New York Fed will not inject additional money into the financial system through new Treasury bill purchases for a third consecutive month. It will still buy approximately $14.6 billion in Treasury bills by reinvesting money from maturing securities between October 15 and November 13. The Fed sees no urgent need to add liquidity as financial markets remain relatively stable, and markets expect new purchases to resume in mid-November.
03:15
According to the latest disclosure, Michael Saylor's Bitcoin holding company, Strategy, saw its USD cash reserves plummet by 60% from $1.61 billion on August 30 to $640.5 million on October 11. The company used most of the cash to repurchase its ultra-high-yield stock, STRC, aiming to restore market confidence. Additionally, Strategy's other USD reserve (earmarked for bond interest and dividend payments) also decreased from $5.1 billion on August 30 to $4.88 billion on October 11. The combined USD reserves of both accounts declined by approximately 18%.
03:14
The latest Federal Reserve Beige Book indicates that price pressures on U.S. businesses are intensifying, with rising costs from high oil prices permeating multiple regions, and diesel surcharges being passed along supply chains. Half of the 12 Federal Reserve districts reported strong or accelerating price increases. Additionally, tariffs, other commodity costs, and insurance expenses continue to push up business expenditures. The Beige Book notes that consumers are becoming more sensitive to price increases, squeezing corporate profit margins and posing a greater challenge for the Federal Reserve in controlling inflation while avoiding an economic slowdown. The Beige Book was compiled based on information collected through October 5 and released on Wednesday, October 14, Eastern Time.
03:12
Specter has linked ProveX's January ETH inflows to earlier funds associated with Heart. The receiving address for these funds was published by Heart for a campaign that warned participants their coins could be sold and they would receive no benefit.
03:12
Federal Reserve's Austan Goolsbee stated that he hopes the impact of energy prices on inflation data will subside soon.
03:11
Federal Reserve's Austan Goolsbee stated that the latest Consumer Price Index (CPI) data was "disappointing," with services inflation being particularly concerning. He emphasized the importance of focusing on the overall trend of inflation rather than judging it based on a single report.
03:06
Former President Donald J. Trump returned to Arizona, highlighting his administration's 'America First' policy achievements, including tax relief, job creation, and border security. He noted that Working Families Tax Cuts provided an average refund of $3,659 in 2026 for Arizona taxpayers. Major private investments in the state include Taiwan Semiconductor Manufacturing Company's $200 billion expansion in Phoenix, EVelution Energy's $850 million cobalt processing facility in Yuma County, and Amkor Technology's $2 billion semiconductor packaging and test facility in Peoria. Trump also stated that his administration ended the Biden-era border crisis, with southern border apprehensions in August 94% lower than the monthly average under Biden, and violent crime fell 13% statewide last year.
03:05
Elon Musk stated that Starshield systems are owned and controlled by the US government, with any limits on speed or usage decided by the US military and ultimately the President. He added that Starlink is limited to civilian or defensive activities and cannot be used for offensive military action.

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