Category: Top Story
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Tech Selloff Deepens as AI Financing Worries Drag Nasdaq Down and Oil Climbs Toward $100
Wall Street ended a difficult week on a sour note on Friday, as a renewed slide in technology stocks pushed the major indexes lower. The Nasdaq Composite took the brunt of the damage, while the Dow Jones Industrial Average held up far better thanks to strength in energy shares. Investors continued to worry about how…
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US Stocks Set for Muted Open as Investors Assess Inflation Data and Technology Sector Volatility: Dow Jones, S&P, Nasdaq, Wall Street
US stock futures pointed to a broadly unchanged opening on Friday as investors assessed recent market volatility, stronger-than-expected inflation figures and the outlook for technology shares. Wall Street recovered sharply during Thursday’s session after initially extending Wednesday’s technology-led sell-off. The Nasdaq rebounded from its lowest intraday level in almost a month, while the Dow Jones…
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Tesla Shares Climb Nearly 5% After New Roadster Demonstrates Short-Burst Flight Technology
Tesla (NASDAQ:TSLA) shares rose nearly 5% in premarket trading on Friday, 16 October 2026, following the unveiling of its redesigned Roadster electric sports car, which demonstrated limited flight capabilities using compressed-air propulsion technology. The vehicle was presented during a live event on Thursday evening at SpaceX’s testing facility in McGregor, Texas, where Tesla demonstrated several…
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Anthropic Investors Consider Lower $1.5 Trillion IPO Valuation as Revenue Growth Slows
Some existing and prospective investors in Anthropic (NASDAQ:ANTP) are considering a valuation of approximately $1.5 trillion for the artificial intelligence company’s planned November initial public offering, following financial disclosures that revealed slower quarterly revenue growth. The figure represents a potential 25% reduction from the roughly $2 trillion valuation previously anticipated for the share sale, according…
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Jefferies Maintains Coca-Cola Buy Rating as KFC Switches US Beverage Supply From PepsiCo
Jefferies has maintained its Buy rating on Coca-Cola (NYSE:KO) and Hold rating on PepsiCo (NASDAQ:PEP) following KFC’s decision to replace Pepsi with Coca-Cola as its beverage supplier in the United States. The investment bank described the change as unexpected, particularly as it follows Marriott’s decision several months earlier to move to Coca-Cola after maintaining a…
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US Stock Futures Edge Higher as Fed Chair Warsh Avoids Rate Guidance and Tesla Unveils New Roadster: Dow Jones, S&P, Nasdaq, Wall Street
US stock futures traded slightly higher on Friday, 16 October 2026, following gains on Wall Street in the previous session as technology shares recovered from selling pressure linked to concerns about artificial intelligence investment and corporate borrowing. Investors were assessing comments from Federal Reserve Chair Kevin Warsh, who declined to indicate the likely outcome of…
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Almonty Industries: The tungsten supply chain’s missing link
The market for tungsten, recognized as a critical mineral in both Canada and the United States, is in the midst of a mounting deficit, despite its multi-faceted role in the global industrial complex. This article is disseminated in partnership with Almonty Industries Inc. It is intended to inform investors and should not be taken as…
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Dow Climbs as Falling Yields Spark Rotation Out of Chips
Wall Street closed higher on Thursday, but the gains hid a sharp split beneath the surface. The Dow Jones Industrial Average jumped more than 1% as investors rotated into healthcare, consumer and defensive names, while the Nasdaq Composite eked out a tiny gain after a rough morning for technology. A pullback in Treasury yields from…
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The Market this Month | Rates, Rotation & Global Opportunities
Bruce Campbell and Anna Brynelsen discuss inflation, interest rates, small-cap opportunities, cannabis consolidation and the outlook for Canadian markets.
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AI Credit Default Insurance Costs Surge as Investors Assess Data Centre Debt Risks
The cost of protecting against defaults by major US technology companies has risen sharply, reflecting growing investor concerns about debt levels, financing requirements and the potential returns from large-scale artificial intelligence infrastructure investments. Credit default swap (CDS) spreads for several companies involved in AI development and data centre expansion have reached record levels, according to…