Stock Market
VIX Erupts 70% as History Points to a Stunning Rebound
The VIX surged 70% as stocks suffered a historic rout, but CBOE data show the S&P 500 averaged a 10.4% gain six months after eight previous volatility spikes of similar magnitude.
The VIX surged 70% as stocks suffered a historic rout, but CBOE data show the S&P 500 averaged a 10.4% gain six months after eight previous volatility spikes of similar magnitude.
Max Levchin says AI data center investment must continue despite community concerns and severe market turbulence that erased $3 trillion from the S&P 500 and drove a 4.8% plunge in the Nasdaq.
Tesla will end Cybertruck production after sales fell far short of planned capacity, freeing its Texas factory for the steering wheel free Cybercab as Musk pushes the company deeper into autonomy, robotics and software.
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.
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.
The Nasdaq entered correction territory as a brutal artificial intelligence selloff spread across Wall Street, crushing major indexes, lowering expectations for a Federal Reserve rate increase, and helping drive gold and silver futures higher.
Democrats secured both chambers of Congress, sending Wall Street racing to reassess small companies, defensive stocks, tariffs and AI. Strategists see greater political certainty, but also potential roadblocks for technology legislation and planned data center construction.
AMD’s rising stock price triggered a $1.1 billion warrant charge as OpenAI and Meta gained pathways to buy up to 320 million shares for pennies, even as record data center sales and a bullish 2027 outlook highlighted rapid growth.
SpaceX, Tesla and other AI linked stocks fell after Democratic election victories raised concerns about data center expansion, particularly in Texas, where around 25% to 30% of planned capacity is expected to emerge.
CVS plans to divide its insurance and healthcare services businesses from approximately 9,000 retail pharmacy locations, creating 2 public companies by the first half of 2028 as shares fell roughly 9% following the announcement.
Bill Ackman says leverage and speculative trading are producing casino style markets, even as the resulting volatility gives Pershing Square opportunities to buy Microsoft, Amazon, Alphabet and other favored companies at discounted prices.
Ferrari lifted its 2026 financial targets for a second consecutive quarter after adjusted earnings and revenue beat expectations, while stronger customer personalizations and reduced currency headwinds helped offset lower vehicle shipments.
Historical election data point toward strong S&P 500 gains after midterms, particularly under divided government, but Federal Reserve policy, corporate earnings, AI momentum, bond yields, and geopolitical risks may ultimately determine where stocks go next.
Palantir’s revenue nearly doubled and crossed $2 billion, but shares fell 5% as analysts questioned a sharp slowdown in U.S. commercial contract growth and watched whether shorter agreements can become longer commitments.
CrowdStrike announced agreements to buy Fiddler AI and Dreadnode for a combined $495 million while unveiling an AI Kill Switch that gives security teams power to terminate agents, block their relaunch, and revoke enterprise network access.
Disney may eliminate thousands of additional jobs as some managers pursue 20% in annual savings, while Chief Executive Officer Josh D'Amaro plans to reinvest part of the reductions in programming, technology, theme parks and cruise operations.