Good morning.
The Fast Five → Tesla unveils ‘flying’ sports car, stocks recover after multi-day tech selloff, AI trade rout sparks flight to Treasuries, Nvidia debuts three new open AI models, chip stocks wipes out $2 trillion after latest selloff…
📌 Wall Street Insider reveals income trick that would've paid $12,000/mo »
(from Altimetry)
Calendar: Full Calendar »
Today:
None watched
Tomorrow:
None watched
Your 5-minute briefing for Friday, October 16:
Market Wrap:
Futures: Dow +10, S&P flat, Nasdaq -0.3%
Thu: Dow +500+ (+1.1%), S&P +0.3%, Nasdaq +0.1%
S&P snapped a three-day losing streak
Rotation out of tech lifted broader markets
AI spending concerns continued pressuring chip stocks
Hot inflation and elevated oil remain headwinds
EARNINGS
Nothing watched today. Full earnings calendar »
Circle November 4 —
Because Wall Street insider Rob Spivey says THAT is the day Elon's "Shadow Trust" drops its next payout.
Rob's backtest puts the number at an average of $12,000. Miss the 4th, and you miss a payout that is ALREADY on the calendar.
- A sponsored message from Altimetry -
HEADLINES
Dow jumps, S&P 500, Nasdaq gain as AI jitters fade (more)
Chip stocks set to wipe out $2 trillion after latest selloff (more)
AI trade rout sparks flight to Treasuries, bond yields sink (more)
AI selloff hammers hedge funds this week, Asia managers lead losses (more)
Producer prices post largest gain in 4+ years; retail sales beat expectations (more)
Oil edges down as investors weigh possible US sanctions on ‘shadow fleet’ (more)
AI could drive a Tesla-SpaceX tie-up as soon as this fall (more)
Anthropic’s valuation could be slashed by $500B (more)
NYC Comptroller Levine urges Anthropic to pause US IPO (more)
As AI stocks plunge, Apple is riding high (more)
Nvidia debuts three new open AI models (more)
CoreWeave’s selloff spotlights growing burden of debt behind AI boom (more)
CoreWeave founders shield fortunes with $3.3B stock sales (more)
TSMC drops despite record profit amid ‘extremely robust demand’ for chips (more)
AI credit worries send default insurance to record high (more)
DEALFLOW
M+A | Investments
GTCR, Elliott acquire software firm CCC for $4.6B
EQT agrees to acquire US real estate investment manager Stockbridge
Zara billionaire owner Ortega buys $550M Chicago Tower
VC
ICON, a provider of robotic construction systems, raised $200M in Series D funding
Harmonic Security, a workforce AI security platform provider, raised $50M in Series B funding
Sirona Medical, an AI-native radiology software platform, raised $40M in Series D funding
Allara, an integrated virtual care platform for women's hormonal, metabolic, and reproductive conditions, raised $30M in funding
EZ Bombs, a provider of seasoning products for traditional Mexican and Hispanic dishes, raised $25M in Series A funding
Zippy, a company focused on manufactured housing finance, raised $20M in Series C funding
CarbonAI, an agentic AI platform for commercial real estate lending, raised $12M in funding
Fragment, an AI-enabled financial infrastructure platform, raised $12M in funding
Mana Battery, a developer of sodium-ion battery technology, raised $10.15M in funding
Fission, a provider of liquidity infrastructure for tokenized investment funds, raised $10M in Series A funding
Forgepoint, an AI inside sales rep platform built for manufacturing, raised $9.8M in Seed funding
Otter Health, an AI-powered utilization management and clinical quality platform, raised $8M in Seed funding
CRYPTO
BULLISH BITES
🏛️ Have you heard of Elon’s “Shadow Trust”? *
🤔 How deep does the AI sell-off go?
🔥 The too-hot-for-comfort economy.
⏱️ Why CoreWeave panic matters to Nvidia, explained in under 30 seconds.
🍕 MA new book documents NY’s wildly improvised pandemic-era dining sheds.
DAILY SHARES
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