Apple’s First Foldable iPhone Duo Sells Out Within Minutes
Delivery now delayed to December or later.
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#News-Driven Stocks↓
Perplexity Open-Sources SPACE AI Sandbox, Sending Cybersecurity Stocks Lower
Shares of CrowdStrike, Palo Alto, and other cyber firms declined after Perplexity made its SPACE AI containment tool free and open source.
Debt Pressures CoreWeave as Huang and Bank of America Stay Optimistic
Credit markets pressure CoreWeave on financing risks. Nvidia’s Huang rejects a rescue while Bank of America raises revenue forecasts.
Private Equity Bids Threaten International Paper’s Planned London Spin-Off
Lone Star and Atlas Holdings are exploring bids for International Paper’s European packaging business, potentially valued under $6bn, threatening its planned London float.
Apple Hits $5 Trillion as AI Stocks Slide on Anthropic Slowdown and Inflation
Apple’s first close above $5 trillion came as AI stocks sold off on Anthropic’s weaker sequential growth and a hotter-than-expected CPI.
Perella Weinberg and Piper Sandler Abandon $6 Billion Merger Talks
Talks between Perella Weinberg and Piper Sandler have collapsed over economic terms, personnel matters, and banker lock-ups.