OpenAI Cuts Funding Target to $20 Billion as AI Investors Pull Back
OpenAI trims its fundraising goal to $20 billion at a reported $1.25 trillion valuation, while WSJ puts commitments so far at about $11 billion.
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Binance Says 90% of Hack Losses Covered, Targets Sunday Withdrawals
Binance says ten major tokens are fully backed after its $6.3 billion hack, with withdrawals targeted for Sunday and full reserve proof expected Tuesday.
French Lawmakers Back Internet Traffic Tax Targeting Big Tech
France’s National Assembly backs a €0.055-per-gigabyte levy aimed at major content providers, with a €10 billion revenue goal. It is not yet law.
Polymarket Launches Gold and Silver Price Markets With 15-Minute Trading
Polymarket adds 15-minute gold and silver contracts alongside hourly and daily markets, expanding its Chainlink partnership as precious metals sell off.
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Binance Targets Withdrawals Within 40 Hours After Hack
Richard Teng says Binance aims to reopen withdrawals by Sunday, with more than $6.34 billion reserved to cover losses and a full reserve report due Monday.
Silver Falls Below $50 for First Time Since November 2025
Silver futures drop below $50 for the first time since November 2025 as spot prices, bullion funds and mining shares also come under pressure.
Foxconn Targets 50% of AI Server Market as US Expansion Gains Pace
Foxconn targets half the global AI server market as strong demand supports US expansion, raising the stakes for investment, margins and cash returns.
Gold Falls Below $4,000 Again as Inflation Fuels Fed Hike Bets
Gold trades below $4,000 again as September inflation and higher oil prices keep another Fed rate increase in focus after October’s pause.
Microsoft Records $10 Billion in Quarterly Revenue From OpenAI
Microsoft recorded $10 billion in quarterly revenue from OpenAI, nearly 11% of total sales, while leaving cloud fees and revenue-sharing payments undisclosed separately.
Elon Musk Jokes About Apple’s $29,799 Mac Studio: “Makes a Tesla Seem Quite Affordable”
Elon Musk jokes that Apple’s $29,799 M5 Ultra Mac Studio makes a Tesla seem affordable, as 512GB of memory and a 16TB SSD push up the...
Kalshi Hits $40 Billion Valuation With $1 Billion Funding Round
Kalshi raises $1 billion in a round co-led by Sequoia and Wellington, lifting its valuation to $40 billion as it builds a broader financial exchange.
Mastercard Beats Q3 Estimates as Revenue Rises 14% to $9.8 Billion
Mastercard reports $5.31 adjusted EPS and $9.81 billion in Q3 revenue as services grow 19%, cross-border volumes rise 11% and MA shares gain in premarket trading.
Merck Beats Q3 Estimates and Raises Outlook as Keytruda Sales Grow
Merck reports $2.49 adjusted EPS and $18.09 billion in Q3 sales, raises its 2026 outlook and expands Keytruda Qlex revenue as MRK gains in premarket trading.