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Three planes carrying evacuated residents from Russian-controlled Oleshky in Ukraine reach Belarus, Belta news agency reports

Chamath Palihapitiya Warns AI Boom Has a Borrowing Problem as Big Tech Debt Nears $400 Billion, Threatening to 'Crowd Out' US Treasury Demand: 'The Entire US Economy Is Levered to the AI Complex'. Venture capitalist Chamath Palihapitiya warned that AI companies’ debt has reached an estimated $340 billion to $400 billion, threatening to crowd out U.S. Treasury demand, as seven or eight firms drive a massive spending push. Cash-Rich Tech Giants Shift Into AI ‘Spending Binge’ Mode Speaking on the All In podcast episode that aired on Friday, Palihapitiya said "seven or eight companies" now set the tone for the entire country. “The entire United States economy is levered to the AI complex,” said Palihapitiya. The Sri Lankan-born Canadian-American tech commentator said these firms were once highly profitable and cash-generative. They are now in what he called a "massive spending binge" on AI. The warning comes as the spending strains balance sheets. S&P Global Ratings SPGI cut its outlook on Meta Platforms Inc. META to negative on Friday, citing uncertain capital spending and cash flow. Alphabet Inc. GOOG GOOGL reported negative free cash flow , meaning it spent more than it generated. www.benzinga.com/markets/equities/26/10/62763179/sp-global-cuts-meta-credit-outlook-to-negative-ai-spending Big Tech Debt Surges as AI Spending Drains Cash Palihapitiya said the heavy spending is draining cash, forcing the companies to raise debt. Microsoft Corp. MSFT was the exception, he said. He credited CEO Satya Nadella with halving the company’s debt while peers borrowed far more. Microsoft’s latest results show how the spending debate is playing out. Yorkville Ives analyst Dan Ives called the company a " barometer " for AI spending. Azure, its cloud platform, grew 48% year over year, beating expectations of about 45%. Markets are noticing. Bloomberg Tech host Ed Ludlow said " Wall Street cares about free cash flow now ," as investors grow less tolerant of cash-hungry AI spending. Treasury Market Crowd-Out Risk for Investors During the podcast, the bigger concern, Palihapitiya said, is "crowding out." That happens when heavy borrowing by one group absorbs investor money that would otherwise go elsewhere. He said AI firms’ funding needs through the end of 2027 equal about 30% of expected U.S. Treasury issuance over the same period. Treasuries are debt securities sold by the federal government. In his view, the companies will compete with them for investor demand. The strain is already visible. OpenAI reportedly cut its latest fundraising target by $10 billion to about $20 billion amid a tech selloff driven by AI spending worries.

MANAMA- EGYPTIAN FOREIGN MINISTER SAYS EXTREMELY WORRIED THAT A NEW ROUND OF ESCALATION WILL BE MORE DESTRUCTIVE AND HAVE MAJOR IMPACT

Manama - Egyptian foreign minister: extremely concerned new escalation round will be more devastating and significantly impactful

Texas Instruments Incorporated Stock 12‑Month Price Target Cut to $336.62, Implies 12% Upside. According to estimates from 26 analysts, Texas Instruments Incorporated stock's average price target has fallen from $338.96 to $336.62, with forecasts ranging from $250 to $400 per share Based on the Oct. 30 closing price, the updated target implies approximately 12% potential upside Consensus rating remains at “Buy” across 36 covering analysts, with 22 Buys, 12 Holds and 2 Sells Explore more price target data and ratings for Texas Instruments Incorporated on the Forecasts tab , and track all previous and future analyst recommendations for Texas Instruments Incorporated in the dedicated News Flow .

GE Vernova Inc. Stock 12‑Month Price Target Cut to $1156.63, Implies 35% Upside. According to estimates from 31 analysts, GE Vernova Inc. stock's average price target has fallen from $1163.92 to $1156.63, with forecasts ranging from $470 to $1450 per share Based on the Oct. 30 closing price, the updated target implies approximately 35% potential upside Consensus rating remains at “Buy” across 37 covering analysts, with 28 Buys, 7 Holds and 2 Sells Explore more price target data and ratings for GE Vernova Inc. on the Forecasts tab , and track all previous and future analyst recommendations for GE Vernova Inc. in the dedicated News Flow .

SAUDI CIVIL DEFENSE: DANGER HAS PASSED IN JIZAN CITY

Saudi civil defense: danger has passed in Jizan city

SAUDI CIVIL DEFENSE SAYS ALERTS OF POTENTIAL DANGER IN JIZAN CITY

Saudi civil defense warns of potential threat in Jizan city

OpenAI CEO Sam Altman just met with Samsung Group’s top executives in South Korea 🇰🇷 today to deepen cooperation on memory chips and AI infrastructure - Bloomberg

Key facts: Microsoft (MSFT) Q1 revenue $92.28B; $25B debt sale to fund capex. Microsoft (MSFT) Q1 revenue $92.28B (+18.8% YoY); net income $36.63B; diluted EPS $4.92. Microsoft Cloud revenue $63.9B (+30%); Azure revenue accelerated 48% YoY, above guidance. 2 sources Microsoft (MSFT) is selling $25B in debt — $23B fixed-rate, $2B floating — to fund capex, acquisitions and refinancing; offering expected to close Nov. 4. GuruFocus Microsoft priced $25B of unsecured senior debt across 10 maturities to fund AI infrastructure and related capital spending, per the filing. GuruFocus Microsoft (MSFT) will adopt a unified opt-out for publishers to block their content from future AI model training, effective February 1, 2027; it covers future training only. AFP Microsoft (MSFT) reported strong cloud performance, disciplined cash-flow management, and rising enterprise adoption of Copilot; leadership credited for overseeing cloud and AI expansion. Invezz Microsoft (MSFT) CFO Amy Hood said the company may seek external funding when markets are favorable and has used lease financing to support infrastructure expansion. GuruFocus Microsoft says a new rule affects only future model training, won’t change page access; content remains scrappable by default, and publishers can opt out of use in Microsoft-generated responses. AFP The New York Times sued OpenAI and Microsoft over alleged unpaid use of its articles in AI training data. Microsoft is named as a defendant; companies dispute the claim via a copyright defense. AFP Microsoft (MSFT) five-year CDS widened to 55 bps from 47 bps, remaining the lowest among Big Tech, indicating comparatively lower market-priced credit risk for traders. Benzinga Microsoft expanded its cloud, data and AI deal with Estée Lauder, deploying Copilot to 14,000+ office employees to automate tasks and support marketing, commerce, supply chain and R&D workflows. 3 sources

Key facts: META Plans ~$97.5B Share Sale; S&P Cuts Outlook. Meta (META) plans to sell about $95–97.5B in shares to fund AI infrastructure. After-hours trade was mostly flat; intraday moves were muted. Stock down over 4% for the week, fifth weekly decline. 2 sources Meta priced about $25B of Class A shares via forward sales at $625, raising total planned equity to ~$97.5B; proceeds tied to infrastructure, including the Hyperion 5GW Louisiana data center campus. Stocktwits S&P cut Meta Platforms (META) outlook to negative due to big AI-driven capex ($135–145B), projected free cash flow shortfalls through 2028 and rising adjusted leverage possibly above 1.0x by 2027 3 sources Nvidia to invest $3B in Meta Platforms Class A (META) equity; deal expands collaboration to optimize Meta’s Muse AI training/inference and deploy Nvidia hardware in Meta’s AI infrastructure. Stocktwits Meta (META) plans an at-the-market offering up to $60B once new non-voting Class C shares trade in early 2027 to fund data center and infrastructure investments. Stocktwits META posted quarterly cash burn after earlier free cash flow. It holds about $134B in servers/equipment and recorded over $14B in asset write-downs through nine months. Reuters META expands Nvidia Vera Rubin chips, Vera CPUs, Spectrum-X networking and BlueField-4 across AI compute and infrastructure; Nvidia, AMD and Broadcom may buy up to $5B in META shares. Stocktwits Meta Platforms (META) sold shares, boosting its balance sheet and improving standing with bondholders, who are noted as relying on the stronger financial position. Benzinga Meta Platforms (META) will cover its AI computing costs, CEO Mark Zuckerberg said in October. He suggested broad AI adoption could lead other firms to pay for Meta’s compute capacity. Benzinga London High Court upheld Ofcom’s power to force Meta Platforms Class A to hand over moderation data — removed/limited post counts and user exposure metrics — under the Online Safety Act. 2 sources

Key facts: Intel (INTC) Cuts Q4 Guide; U.S. Stake Down $12B; CDS Widens. Intel (INTC) guides Q4 revenue $15–$16B, below the roughly $17.1B estimate, and says no positive cash flow for the year, signaling shortfalls versus consensus on revenue and annual cash flow. Reuters U.S. government bought 433.3M INTC shares (~9.9%) in Aug 2025 at $20.47. After a sharp intraday drop, the stake’s value fell from ~$39.9B to ~$27.7B, a ~$12.2B one-day loss. Benzinga Five-year CDS spreads for Intel Corporation (INTC) widened up to 22.4 basis points to 127.9 bps, raising the market cost to insure Intel’s five-year debt. Stocktwits Intel (INTC) reported a multi-week shutdown at Fab 28 in Israel, cutting Q4 revenue by about $300 million and trimming gross margin roughly 200 basis points from damaged 10nm server wafers. MarketBeat Intel (INTC) forecasted client computing sales to fall over 20% year‑over‑year and quarter‑over‑quarter, citing weak PC demand and detailing the decline for its client computing segment in guidance. GuruFocus Intel (INTC) warned of higher cash spending. The alert sparked a tech selloff, drove the Nasdaq to a two-month low and pushed investors toward safer assets amid falling U.S. Treasury yields. Reuters Intel plans to scale its foundry business: high-volume 18A production at a new Arizona plant, a second Arizona plant by end-2028, customer wins due in two quarters, and progress on 14A chips. CNBC TV18 Intel (INTC) says 18A wafer costs fell ~40% from Q1 to Q3, yields rose double digits, Clearwater Forest 18A server chips began shipping, and Wildcat Lake client CPU units rose ~70% sequentially. MarketBeat Intel says PC market slump will persist into mid‑2027. CEO Lip‑Bu Tan gave the timeline; CFO David Zinsner cites high memory prices and tight IT budgets as causes. GuruFocus Intel (INTC) says supply constraints—raw material shortages and a temporary Israel plant closure—limited its ability to meet rising data-center demand amid favorable AI-driven demand trends. dpa-AFX

Key facts: SNDK Q1 $11.03B/$49.51 EPS; $1,330.05 close/targets vary; AI demand. Sandisk (SNDK) Q1 revenue $11.03B (+378% Y/Y), non-GAAP EPS $49.51, adjusted gross margin 85.1%, data-center sales $4.80B, 8-for-1 forward split, $5B buyback, Q2 rev guide $12.2–12.6B 3 sources Sandisk (SNDK) closed at $1,330.05 on Oct 29. Analysts left ratings unchanged but revised targets: $1,300, $1,400, $2,400, $2,500 and $2,720, implying varied upside/downside. TradingView Sandisk (SNDK): AI-driven storage demand and rising TLC/QLC enterprise SSD use. KV cache may reach ~33% of AI data center flash market by 2030; BiCS roadmap and HBF samples expected in 2027. Benzinga JPMorgan reiterates Overweight on Sandisk (SNDK), citing long-term customer contracts, growing coverage of bit shipments by new agreements, and sustained AI-driven storage demand through the decade. Benzinga

Key facts: Alphabet Inc. Class C Q3 $127.6B; negative FCF, -12.6% drop. GOOG Q3 revenue $127.6B (+25%); Google Cloud $30.7B (+~103%); Search ads +12%, YouTube +9%. Negative free cash flow ~$9.07B. Diluted/non-GAAP EPS $2.12–$2.67. CapEx ~$51.4B; no buybacks YTD. 3 sources GOOG fell about 12.6% intraday after earnings, wiping roughly $500B from market value. Traders noted rising investment costs and a weaker search-ad outlook; analysts said they will revise estimates. 2 sources GOOG posted first negative free cash flow in 22 years: about -$9.07B for the quarter, driven by higher capex for AI, data centers and cloud, a $5.2B EU fine payment, and a SpaceX investment loss. Brave New Coin Alphabet Class C (GOOG) plans about $300B in spending next year and reported negative free cash flow, data traders use to gauge cash generation and capital allocation. CNBC TV18 GOOG faces trader focus on AI spending vs. cash flow: whether near-term AI investments will outpace operating cash generation and impact cash-burn dynamics. Reuters Citigroup cut GOOG target to $375 from $447; Wells Fargo trimmed target to $371 from $417. Citi's $375 and Wells' $371 imply notable upside versus recent closes near $278–$282. TradingView GOOG bought $131.953B in property and equipment in nine months, outpacing operating cash flow of $127.149B by $4.804B; timing of deliveries, customer usage and payments affect cash conversion. GuruFocus GOOG: Q/Q Cloud revenue +103% to $30.7B; Gemini AI cited as a growth driver. Analysts cut price targets but kept mixed to neutral ratings; shares slid post-earnings. Oninvest GOOG reported quarterly results showing slower Google revenue growth, citing shifts in user behavior and AI-driven search changes, noting a softer near-term path for core Google Services. Oninvest GOOG five-year CDS widened to 85 bps from 61 bps, a 24-bp increase, raising the market cost to insure Alphabet’s five-year debt against default. Benzinga

TWO PEOPLE KILLED, FIVE INJURED IN UKRAINIAN DRONE ATTACK ON RUSSIA'S BRYANSK REGION, SAYS GOVERNOR

Two killed, five hurt in Ukrainian drone strike on Russia's Bryansk region, governor says

Yes, Alphabet Stock Got Hammered. No, We're Not Selling. — Barrons.com. The Google-parent trades at a rare discount. If it simply returns to its historical valuation relative to Apple, the stock has nearly 50% upside. By Al Root Weak tech earnings are sending investors for the hills, so it may not be the best time for optimism. It also isn't a time to overreact. Shares of Google-parent Alphabet have been hammered. Yes, there are risks — as there are with any company spending big on the artificial intelligence buildout. But Barron's is sticking with its call. The company is still an AI winner. And now shares look shockingly cheap, trading at half the multiple that AI-wary Apple fetches. We first picked Alphabet in November 2024, when shares traded at about $168, arguing then that fears of a breakup and the death of Google search at the hands of OpenAI's ChatGPT were overblown. That advice worked out well for readers who listened. With Alphabet stock at about $320 in November 2025, we reiterated our position. That call looked solid until AI fears reemerged over the summer. The iShares Semiconductor exchange-traded fund peaked in June after Broadcom's disappointing earnings report that included weaker-than-expected guidance for its semiconductor business. (Guidance was for 200% year-over-year growth.) That was also about the time that Alphabet announced an $80 billion stock sale, and days before SpaceX raised $75 billion in its record-setting IPO. Questions swirled: Were tech players spending too aggressively on AI? Will they make money? How are they financing the buildout? Fear reached a tipping point earlier this week when Alphabet reported weaker-than-expected third-quarter earnings. Operating profit of almost $41 billion only grew 30% from a year ago. The problem? Wall Street was looking for $43 billion. Shares fell almost 13% to $282.32 after earnings, pushing shares down more than 30% from the high of $404.47 reached in May. A $2 billion profit miss drove a $560 billion one-day decline in market value. Barron's isn't here to argue with the market. But it is important to remain clear-eyed when volatility picks up. The earnings miss had little to do with AI. Alphabet's cloud business more than doubled in the quarter, up from closer to 80% growth in the second quarter. Other cloud businesses are also seeing strong growth. Amazon.com's AWS business grew by 39% in the same quarter, faster than in the second quarter. Microsoft's Azure cloud business grew by 48% in the quarter — again — faster than in the second quarter. And those performances came after other positive AI developments this week. AI growth at SpaceX was better than expected, and Anthropic's IPO registration statement showed relatively impressive profitability. Alphabet's problem was that ad spending on Google search grew by 12%, down from 17% last quarter; ad spending on YouTube grew by 9%, down from 13%. That raises two risks. For one, it suggests that the economy isn't as strong as it once was. Results from other tech firms bear that out. Amazon.com's retail business was relatively weak in the third quarter, and Intel plunged partly because of an unexpected downturn in personal computers. Soaring memory chip prices have made them more expensive. The economy is a risk that all investors need to continuously monitor. But it isn't the main factor that will determine Alphabet's stock direction over the coming months. That comes down to the second risk: cannibalization. In other words, is Google's AI business eating search? And that is where there is no shortage of opinion on Wall Street. Melius analyst Ben Reitzes called Alphabet's earnings evidence of secular decline. Most analysts skew positive, however. "AI mode [search] monetization is just beginning," Citi analyst Ronald Josey said. KeyBanc Capital Markets analyst Justin Patterson called the quarter an "air pocket," adding search monetization headwinds are "transitory." Deutsche Bank analyst Benjamin Black said AI is driving the strongest search-query growth in five years. He expects Alphabet to earn money from the search growth — eventually — likening it to when Meta Platforms first rolled out Reels, which initially took user engagement away from Facebook and Instagram's core feed. Analyst commentary is worth considering. Valuation is a better reason to buy. Alphabet trades for 18 times estimated earnings over the next 12 months, a discount to the S&P 500's 19 times multiple. Alphabet is the second cheapest stock of the Magnificent Seven. Nvidia shares trade at about 15 times. Furthermore, Alphabet and Apple often trade at the same multiple, with a 25% discount being relatively normal over the past few years. Alphabet stock is now trading for less than 50% of Apple's 36-times multiple, the biggest discount between those two stocks over the past five years. If that 25% discount returned, Alphabet stock would trade at $400, up almost 50% from recent levels. And what about Alphabet's free cash flow, which has been negative for two straight quarters? Well, Alphabet isn't a startup looking for profitability. It is spending on AI to build a new trillion-dollar business. If it shut off spending, free cash flow would return — but would investors really prefer that? Probably not. Write to Al Root at allen.root@dowjones.com This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.

Qatari mediators held more than 12 hours of talks in Tehran on Friday to revive U.S.-Iran negotiations and avert a potential U.S.-Israeli military operation after the midterms

Russian overnight strikes smash Ukraine's military infrastructure – Defense Ministry

Trump called out Big Oil profits. Here’s how much their refining earnings have surged since

Bank of England explores easing key limit on riskier mortgage lending

Equity loan scheme will struggle to deliver ‘the homes buyers want’

Trump on Iran: They had a lovely navy, 159 ships. I was a little angry at my people. I said, "Why didn't you save the damn ships? They were pretty good."

Trump on Iran: I want you to remember something very important. America did not start the war with Iran.

Trump: They say "We're going to impeach Trump for trying to stop Iran from having a nuclear weapon." I said, "No, no, take the word trying out. For stopping Iran. We stopped them."

【最新内容：unusual_whales @unusual_whales · 2026-10-31T06:17:00.000Z】 Finland has launched a criminal probe of suspected environmental damage at a Google data centre site, per Reuters. Read more: [链接预览] Finland Opens Criminal Probe Into Land Clearing at Google Data Centre Site, per Reuters 【回复上下文：unusual_whales @unusual_whales · 2026-10-29T20:31:00.000Z】 BREAKING: Finland has launched a criminal probe of suspected environmental damage at Google data centre site, per Reuters

【最新内容：unusual_whales @unusual_whales · 2026-10-31T05:58:00.000Z】 The Pentagon is treating the August freezer malfunctions, which hit at least six on-base commissaries, as a suspected hack, per Reuters. Read more: [链接预览] Pentagon Probes Freezer Failures at Military Bases as Suspected Hack, per Reuters 【回复上下文：unusual_whales @unusual_whales · 2026-10-29T17:07:00.000Z】 The Pentagon is treating a wave of freezer failures that spoiled food at US military bases as a suspected hack, per Reuters. Investigators are working with French police, after a similar cyberattack on freezers hit 350+ supermarkets in France.

Drone Intercepted and Destroyed by Saudi Air Defences in Riyadh Region

S&P cuts Meta’s credit rating outlook to negative as AI spending mounts. S&P Global Ratings hinted on Friday, October 30, that it could downgrade Meta Platforms' credit rating within two years, as the company’s heavy spending on artificial intelligence (AI) strained its finances. The agency lowered its outlook on Meta’s AA- credit grade to negative, according to a statement. S&P said the company’s rising leverage, which measures debt against earnings, also drove the decision. “Meta’s ability to monetise its AI investments is more limited than that of its peers,” S&P said. The agency added that it was unclear when the spending would produce enough revenue to cover rising costs. The outlook “reflects uncertainty around how long capex will remain elevated and free operating cash flow will be negative,” it said. A negative outlook does not mean a downgrade is under way, but it signals that S&P could cut the rating within the next couple of years, but is not actively considering one now, according to a Bloomberg report. The move came as investors seemed to question whether Meta and other technology giants could earn real returns from their huge AI building programmes. The Nasdaq 100 index fell 3.5% on Friday, briefly entering correction territory, after disappointing tech earnings. Meta’s AA- rating is the fourth-highest investment-grade score, so even a one-notch downgrade would leave it firmly in high-grade territory. Still, S&P forecast that Meta’s capex, meaning spending on long-term assets such as data centres, would reach $140 billion this year and exceed $225 billion in 2027. It said leverage could climb above 1.0 times as soon as next year, from about 0.1 times last year. Meta, however, disagreed with the assessment. “We respectfully disagree with S&P’s assertion about Meta’s AI monetisation capabilities,” spokesperson Kamran Mumtaz said in a statement. “We see significant product and business opportunities ahead of us, supporting our very strong credit profile.” Earlier this month, Meta disclosed more than $800 billion in future spending commitments, almost half of them tied to leases that had not yet begun, largely for data centres and energy infrastructure. According to a Bloomberg report, Chief Financial Officer Susan Li told analysts: “We expect to continue investing aggressively to support both our core business and emerging AI initiatives.” With Bloomberg Inputs

SAUDI-LED COALITION SAYS DEBRIS FELL IN RIYADH FROM INTERCEPTION

SAUDI-LED COALITION SAYS INTERCEPTED DRONE IN RIYADH

Markets Espresso: The whole thing is that ki Bhaiyya...Sabse bada Rupaiyaa. Tumko maloom hai ki yeh ek paisa kya hota hai? Ek-Ek paisa jama karo to ek rupya banta hai. Ek-Ek rupya jama karo to 100 banta hai, 100 jama karo to hazaar banta hai. Hazaar hazaar jama karo to lakh aur lakh se crore banta hai. Yeh ek paisa, ek crore ka beej hai. Jo aadmi beej ki parvah nahi karega, wo na to fasal uga sakta hai, na phal pa sakta hai! Hello Espresso Lovers! We are back after what felt like a never-ending week with over 200 results and a barrage of developments besides them. You may wonder why I would begin with the late Kadar Khan's memorable lines from Dariya Dil (1987) before greeting you all? The lines may be a message to companies in a land far, far away that have embarked on incessant, eye-watering spending plans without any assurance that any of it will even return to them. And finally, it seems the investor community has started to take note and feel worried. Perhaps this one meme is central to the entire episode of today. This is the question investors are finally beginning to ask the Magnificent Seven companies as they keep reporting their results. Just last year, the situation was the complete opposite. The more these companies spent, the bigger the capex guidance they announced, the faster the stocks ran. Investors thought the money spent would return faster than an answer generated by AI when given a prompt. Alas, that was not the case. For a better part of this year, the spending plans were largely viewed positively as companies assured investors that this was being done only through their own internal cash flows. But then came debt. And then some more. Investors thought, okay, they are still generating enough cash to repay the debt. They'll be fine. But when this spending binge began to show up in their results, the warning signs began to flash, the proverbial Khatre ki ghanti began to ring, and investors began to ask questions they should have asked a lot earlier - Will this money ever return? Take a look at Alphabet - Google's parent. For the first time in four years, its results missed expectations. In an ideal case scenario, investors would cut them some slack and say, it's alright, the law of averages would have caught up someday. But no. There was a bigger devil in the detail. Its free cash flow was negative for the second quarter in a row. Not just that, it was almost 4.5x higher than what analysts had anticipated. The result? Stock falls 13%, the most in a single day since its IPO way back in 2004. $500 billion of market value wiped out in a single day. Worse still, they plan on spending more next year - $300 billion! And Alphabet is not a stray incident. Most of the big tech companies that have reported results so far have reported negative free cash flows this quarter. Meta reported one for the first time after listing this quarter, and the stock was duly punished by investors for it as well. The same is the case with Amazon - negative free cash flow of $7 billion in the same quarter last year. This time? Wait for it...negative $42 billion. The only one that stood out? Microsoft. Still reported positive FCF even though it dropped 27% from last year. The question is, for how long it remains in positive territory if spending continues the way it has been. And then comes Intel. The perfect synonym for "dead-man walking" for a better part of this year. Once a legend, almost driven to the border of irrelevance, administration picks up stake, things start looking up, stock runs, and runs hard. Gains almost 250% in just 7-8 months. Then comes the moment of truth. Numbers. Weaker than estimates. In fact, way weaker. Guidance disappoints. The Israel factory incident drags a $600 million hit over the next two quarters. When a stock that has not done much disappoints, the investors choose to look away. But when you run faster than your legs can take, the fall is steeper, deeper, and more brutal. A 29% drop on Friday, the worst day since the 1970s. That's one-third of your value gone in a matter of hours. The biggest loser? No. Not retail for a change. DONALD TRUMP! His administration's stake took a $12 billion hit as a result of this fall. Wonder what he has to say on Truth Social about this, since he has gloated enough and more about Intel's stock returns. We brought this to you last week. The highlight of every earnings season. But this time around, there's something different. Usually, when a stock would deliver good/bad numbers, the reaction to it would be limited to a day, max two. This time around, stocks with good numbers have continued to move higher, while those with bad ones have just not stopped correcting. Ather Energy is the best example of this. The stock had corrected 20% to 25% from its previous highs, due to routine profit booking. Then came the results. First-ever profit. Not just EBITDA, but PAT level as well. Add to that some capacity expansion plans and strong management commentary. The street was as joyous as it could be. A 27% move last week on the upside, the best performer on the Nifty 500, and back at new highs as well! On the flip side, there is CarTrade Tech - the potential "wild child" of the market. A ₹1,600 IPO falls to ₹350, then goes back to ₹3,000 plus, and then falls from there again. For a company growing between 20% and 30% every quarter, a 10% growth quarter was difficult to digest for the market. Yes, the festive season shifted compared to the base quarter, but 10% was just not acceptable to the street. The result? Down 23% this week, the worst Nifty 500 performer, now down 35% from those very highs that it had surged to and made the market sit up and take note. Financial educator, speaker and author, Alan Miltz gave a very popular quote: "Revenue is vanity, profit is sanity, and cash is king!" Right now, the big techs are showing complete disregard for the same King that once gave them the trillion-dollar crowns they now sit on. Majrooh Saab (the great late Majrooh Sultanpuri) was not a visionary for no reason that he wrote Sabse Bada Rupaiyaa all the way back in 1976, and those lines hold true more than ever 50 years later! The whole thing is that ki Bhaiyya… sabse bada rupaiyaa ! Festivities begin for Diwali next week - the festival of lights and from all of us at CNBC-TV18, we wish you all a happy, prosperous and joyous Diwali and New Year. We are only grateful for your love, appreciation and feedback, and we hope that the festival brings plenty of light to your lives and the new year turns out to be a lot better than what this one has been! We'll see you next week with the latest brew! Happy Diwali to one and all!

Saudi-led coalition: air defences intercepted and destroyed drone in Riyadh region

US Moves to Deport Certain Afghan Nationals Under Trump Administration - RTRS

Meta's $145 Billion AI Spending Plan Raises Credit Concerns as S&P Global Turns Outlook Negative: ‘Less Certain That It Will Curtail Its Spending’. S&P Global Ratings SPGI revised its outlook on Meta Platforms Inc. META to "negative" from "stable" on Friday, citing uncertainty over the company’s capital spending and free operating cash flow (FOCF). Spending Plans Raise Red Flags Last week, Meta forecast annual capital expenditure of $135 billion to $145 billion. It also posted a third-quarter free cash flow deficit of $2.12 billion. The company plans to sell $97.5 billion in stock to fund its AI investments. S&P now expects Meta’s FOCF deficits of $22 billion in 2026 and $71 billion in 2027, and lessening losses in 2028, about $39 billion. S&P said, "we are less certain that it will curtail its spending as previously anticipated." Leverage Could Test ‘AA-’ Rating Threshold S&P said Meta’s leverage could top 1.0x as early as 2027. That is the downgrade threshold for its "AA-" issuer credit rating. Leverage rose from 0.1x in 2025, mainly because Meta leases data-center capacity rather than issuing debt, S&P said. Long-term debt stood at $80.92 billion as of Sept. 30. In mid-October, Meta CEO Mark Zuckerberg said its profitable core business and strong credit let it underwrite AI costs. He said other tech companies would pay for Meta’s computing capacity if its AI products fail, but the technology succeeds broadly. Some market participants also disagree with S&P’s caution. Aptus Capital Advisors portfolio manager David Wagner said worries over Meta’s debt and AI spending look overstated, because hyperscalers carry much stronger debt coverage than the broader market. AI Spending Draws Wider Credit Scrutiny Earlier this year, S&P cut Oracle Corp. ORCL to ‘BBB-/A-3’ from ‘BBB/A-2’ Meta has a market capitalization of $1.572 trillion, a 52-week high of $779.82 and a 52-week low of $520.26.

【最新内容：unusual_whales @unusual_whales · 2026-10-31T05:31:00.000Z】 US intelligence agencies concluded that Alice Huang, an executive at Singapore-based Megaspeed, was acting as a Chinese intelligence asset and passing information to Beijing, per the New York Times. Read more: [链接预览] Jensen Huang Targeted by Chinese Spy Operation Tied to Megaspeed, per NYT 【回复上下文：unusual_whales @unusual_whales · 2026-10-29T15:57:00.000Z】 BREAKING: Jensen Huang was been the reported target of a Chinese spy operation, per NYT The New York Times reports that Alice Huang, an executive at Singapore AI firm Megaspeed with close ties to the Nvidia CEO, was allegedly passing information to Beijing as a Chinese intelligence asset. Megaspeed was accused last year of helping smuggle $2 billion in Nvidia chips to China. US intelligence reportedly briefed Trump more than a year ago, but he chose not to act to avoid hurting Nvidia sales or antagonizing China.

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【最新内容：unusual_whales @unusual_whales · 2026-10-31T04:58:00.000Z】 The Iran war has now cost the United States more than $47 billion, according to estimates from US military officials reported by The Washington Post. Read more: [链接预览] Iran War Cost Hits $47.1 Billion, Up $3.5B in Six Weeks, per WaPo 【回复上下文：unusual_whales @unusual_whales · 2026-10-29T15:37:00.000Z】 BREAKING: The Iran war has now cost the US more than $47 billion, according to estimates from US military officials reported by The Washington Post. That’s more than $3 billion added in just the past several weeks, according to a document the Post reviewed.

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Meta’s Negative Outlook Reflects Uncertainty Over Duration of High Capex and Cash Flow Pressures, S&P Says

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