By Stephen Culp and Shashwat Chauhan NEW YORK, Oct 29 (Reuters) – U.S. stocks fell on Thursday, with investors reassessing Big Tech’s huge AI spending while digesting high-profile earnings and crucial inflation data a day after the Federal Reserve held U.S. interest rates steady. All three major US stock indexes lost ground, with the tech-laden … Read more
Shares of Vertiv (VRT) rose 15% in premarket trading as the data center infrastructure player showed it continues to benefit from huge capital spending from companies like Google (GOOG) and Microsoft (MSFT). “We are in the midst of major infrastructure construction and it is accelerating,” said Vertiv CEO Giordano Albertazzi. “Demands on data center infrastructure … Read more
Polymarket’s 2026 midterm election website organized on a laptop in Forest Hills, New York, USA, on Wednesday, October 28, 2026. Gabby Jones | Bloomberg | Getty Images Some users of international exchange prediction market platform Polymarket had funds stolen from their accounts due to a hack by an anonymous third-party provider. Polymarket contacted the authorities … Read more
Economic data: PCE price index, month-over-month, September (+0.5% expected, +0.3% before); Core PCE Price Index, MoM, September (+0.3% expected, +0.2% before); PCE Price Index, YoY, September (+3.6% expected, +3.4% before); Core PCE Price Index, YoY, September (+3.1% expected, +3% before); Personal income, September (+0.3% expected, +0.2% before); Personal spending, September (+0.6% expected, +0.9% before); Actual … Read more
Sonali Basak, chief investment strategist at iCapital, joins Making Money to discuss how the Federal Reserve is keeping interest rates stable, two FOMC dissents, and how the economy continues to expand at a strong pace. The Federal Reserve’s preferred inflation gauge moved further away from the central bank’s target in September as consumers face price … Read more
Federal Reserve Chairman Kevin Warsh said he disagrees that the Fed’s rate hikes will have no impact on artificial intelligence, given the strong demand for AI and the high returns investors expect. “I was skeptical of that view,” Warsh said during a news conference. “Interest rates go unnoticed. Interest rates directly or indirectly affect almost … Read more
FTC Chairman Andrew Ferguson Warns of Online Radicalization, Vows to Protect Kids in AI Race and Crack Down on Robots to Cut Costs for Families in ‘Varney & Co.’ Federal regulators announced Wednesday that they are examining whether major airlines, ride-hailing companies, delivery services and retailers are using personal data to charge different customers different … Read more
The charges come after a federal judge ruled that Utah could enforce its anti-gambling laws against prediction markets. Posted on October 29, 2026 October 29, 2026 The US state of Utah announced criminal charges against popular prediction market Kalshi and its two co-founders, accusing the platform and its executives of illegally promoting online gambling. Utah … Read more
US Health Secretary RFK Jr. to Expand Access to Unapproved Peptides BBCRFK Jr. Takes Shortcut to Make Some Unapproved Peptides Available for Use NBC NewsRFK Jr. to Allow Broad Use of Unapproved Peptide Injections The New York Times Trump Administration to Let Pharmacies Make Popular Peptides NPRRFK Jr. Plans to Make 6 Unapproved Peptides Available … Read more
Screens show the Fed’s rate announcement as traders work at the New York Stock Exchange in New York City, U.S., October 28, 2026. Jeenah Moon | ReutersUSA Stock futures fell Wednesday night as investors digested the latest round of hyperscale gains. Nasdaq-100 futures lost 1.2%. S&P 500 futures fell 0.5%. In Asia, Japan’s Nikkei 225 … Read more