Amazon and Intel results deepen tech sell-off as Nasdaq slides
Earnings from Amazon and Intel deepened a tech sell-off, with the Nasdaq down over 2%. Crypto weakened after a $6.3 billion Binance hack, and oil rose, per WSJ.
2 sources · WSJ
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Earnings from Amazon and Intel deepened a tech sell-off, with the Nasdaq down over 2%. Crypto weakened after a $6.3 billion Binance hack, and oil rose, per WSJ.
2 sources · WSJ
Musk said SpaceX limited Ukraine's Starlink access after its military used the service for offensive drone strikes; Zelenskyy says speeds are restored.
1 source · Stocktwits
A group of American executives left Polar LNG, saying the Alaska gas project was secretly funded by Russia's Novatek, according to The Wall Street Journal.
1 source · WSJ
European and Canadian governments are speeding up satellite projects to reduce reliance on Starlink after Elon Musk restricted Ukraine's use, WSJ reports. No quick substitute exists.
1 source · WSJ
Elon Musk said a merger of Tesla and SpaceX would be a good idea and confirmed that special committees have been formed. Reuters reports Starlink operator shares rose 8% in extended trading.
2 sources · Reuters
According to the Wall Street Journal, Starlink limits from Oct. 14 weakened Ukrainian drones, and U.S. officials disagree on who approved them.
1 source · Seeking Alpha
Morning roundup: a 4% drop in South Korea's market, sanctioned tankers returning to trade, OpenAI's $30B funding push and Nvidia's European AI plans.
1 source · Seeking Alpha
Iraq is negotiating with Chevron and ExxonMobil on developing major oilfields and infrastructure, according to its oil minister, as reported by INA.
1 source · Reuters
Exxon Mobil, Chevron and Marathon Petroleum shares touched annual peaks as Brent neared $110 a barrel amid Middle East tensions, per Stocktwits.
1 source · Stocktwits
Dow Jones wrap: US stocks mostly rose as the Nasdaq rebounded and AI debt worries eased, while Treasury yields and the dollar climbed on Fed rate expectations.
1 source · Dow Jones Newswires
Market Talk reports the 10-year Treasury yield at 5.127%, while Brent slips 2% to $107.69 after the U.S. president waived new sanctions against Russia.
1 source · Market Talk
Zelensky says Starlink and Starshield speed limits still apply inside Ukraine but not in neighboring EU countries, per a Seeking Alpha report.
1 source · Seeking Alpha
Trump says he did not order Starlink restrictions for Ukraine's military and does not think Musk did either. SpaceX shares fell nearly 2% on Friday.
1 source · Stocktwits