AI Rally Keeps Wall Street Near Records as Treasury Yields Hit 24-Year Highs
AI optimism keeps Wall Street near records despite Treasury yields at 2002 highs, with record ETF flows and October earnings setting up the next market test.
Story of the Day - Page 9
Catch up quickly with the day’s most important and insightful stories. Our Stories of the Day category curates the standout articles across markets, economy, business, personal finance and innovation. Each post brings together multiple key developments, breaking news or deep-dive features chosen for their impact and relevance. It’s a fast, reliable way to understand what really matters today without scrolling through dozens of feeds. Whether you want a quick overview or a richer perspective, this section delivers the essential stories with context and clarity.
Latest Story of the Day News
Cerebras Shares Rebound 6% as Altman Reaffirms OpenAI Partnership
Cerebras shares rise 6.3% to $177 in premarket trading after Sam Altman reaffirms the OpenAI partnership, following a sharp selloff over Nvidia deployment.
Brent Above $102 as Aramco Warns of Two-Year Oil Stock Rebuild
Brent trades near $102.48 a barrel as Aramco CEO Amin Nasser warns that depleted oil stockpiles could take two years to rebuild after Hormuz fully reopens.
Euro Hits 17-Month Low as Spain Election and French Fiscal Risks Weigh
The euro fell to a 17-month low against the dollar as Spain set a November election and France’s budget risks compounded inflation and borrowing-cost pressures.
Trump Says $5,000 Dividend Would Cover Every U.S. Citizen
Trump broadens the wording of his conditional $5,000 dividend pledge, while the White House details separate $90 Medicare payments and eligibility exclusions.
Nvidia Hits Record High as Market Value Tops $5.72 Trillion
Nvidia reaches a new intraday record, taking its estimated market value above $5.72 trillion as investors assess AI earnings and a larger buyback program.
US Adds Just 29,000 Jobs in September as Unemployment Rises to 4.2%
September payrolls rose by only 29,000 as unemployment edged up to 4.2%, wage growth slowed and downward revisions weakened the summer hiring picture.
Dollar Hits 17-Month High Against Euro as Global Bond Selloff Deepens
The dollar held near a 17-month high against the euro as rising bond yields, French fiscal concerns and energy costs pressured Europe ahead of U.S. jobs...
Nike Plans More Layoffs as China Sales Plunge
Nike plans job cuts from 2027 as Greater China sales fall 22%, deepening a restructuring aimed at reducing costs and rebuilding its marketplace.
Nike Slides to 13-Year Lows as Revenue Miss Overshadows Earnings Beat
Nike shares fell about 5% after its results, extending a slide to 13-year lows as a revenue miss and weak annual outlook overshadowed an earnings beat.
Treasury Yields Hit 24-Year Highs as Global Bond Selloff Deepens
Treasury yields reached levels last seen in 2002 before easing, as global bond selling and stronger manufacturing price pressure put borrowing costs in focus.
Citi Sees $12 Trillion SpaceX Potential After Starship’s First Orbital Flight
Starship’s orbital debut strengthens the case for SpaceX’s launch and satellite businesses, although Citi’s long-term valuation scenario depends on much wider commercial deployment.