CoreWeave’s 168% revenue surge, raised outlook, and financing backed by customer contracts helped drive an 11% premarket rally, easing concerns about the neocloud’s funding position and the wider sustainability of the AI trade.
The White House is standing by Trump’s tariffs despite election losses, persistent inflation and polling showing broad support for repeal, while businesses reorganize supply chains and Democrats prepare a difficult challenge to the president’s trade agenda.
Gold and silver advanced as the dollar weakened and crude oil plunged, but resilient employment figures and an 82.2% probability of a December rate increase left Tuesday’s inflation report as the crucial test for precious metals.
October consumer inflation exceeded forecasts at both the headline and core levels, pushing Treasury yields higher and leading traders to fully price in a quarter percentage point Federal Reserve rate increase at the December meeting.
Federal Reserve Governor Christopher Waller is leaning toward a December increase and says a 50 basis point move should be considered if October inflation exceeds forecasts, arguing that failure to deliver expected tightening could damage the central bank’s credibility.
Congress is pressing Nvidia CEO Jensen Huang for answers about sensitive information, China related lobbying, and advanced chip sales after reports of his relationship with a Megaspeed executive identified by U.S. intelligence agencies as a Chinese asset.
Anthropic plans to sell 825 million shares while seeking a fully diluted valuation as high as $1.45 trillion, testing whether investors will embrace another enormous AI offering amid market caution and political resistance to data center construction.
Berkshire Hathaway more than doubled quarterly stock repurchases to $9.6 billion even as operating earnings fell 5.8%, overall profits dropped 28% and key insurance results weakened, creating a sharp divide between aggressive buybacks and declining earnings.
Bitcoin and ether sank to their lowest prices since August as investors confronted fears of tighter US regulation, the election of prominent critics, and continuing market strain following a $6 billion heist at Binance.
A Democratic sweep initially unleashed a powerful Wall Street rally, but concerns surrounding artificial intelligence stocks and planned data center restrictions helped reverse the mood, sending major indexes plunging and the Nasdaq into correction territory within 24 hours.
CoreWeave’s bond yield has surged above 16% as creditors demand greater protection from AI debt risks, while political restrictions, negative hyperscaler free cash flow, and massive projected borrowing test the durability of the data center spending boom.
Kevin Hassett says widespread ballot victories against data centers will not derail national expansion, while President Donald Trump remains firmly committed to the artificial intelligence infrastructure despite voter resistance and market anxiety.
Gold retreated after October payrolls surged by 165,000, strengthening expectations for a December Federal Reserve rate increase as Treasury yields and the dollar climbed. Silver edged higher while investors monitored equity losses and Strait of Hormuz tensions.
Wendy's rejected Trian Partners' $1.4 billion offer despite seven consecutive quarters of comparable sales declines, trusting Bob Wright's Dave's Way strategy of better ingredients, breakfast changes, and restaurant portfolio moves to revive the struggling chain.
Senate Finance Committee staffers intend to examine how senior JPMorgan executives handled Jeffrey Epstein, with likely chairman Ron Wyden preparing to use subpoena powers after Democrats take control of Congress early next year.
Qualcomm shares sank 9% after weak guidance eclipsed a slight Q4 earnings beat, while a 26% drop in handset chip sales and broader concerns about artificial intelligence regulation, data centers and memory costs pressured semiconductor stocks.