investingLive Americas FX news wrap 30 Oct: It’s a wrap: Nasdaq tumbles as AI costs worry investors; Fed speakers keep hikes in play
The main theme this morning is a sharp pullback in technology stocks, driven by worries about the cost of artificial intelligence spending. The Nasdaq closed out its worst month since March 2025, and the selling spread across chipmakers and crypto-linked names. Fed speakers also kept the possibility of further rate hikes in play.
02Neutral
Wall Street closes sharply lower as AI cash burn fears spark tech selloff – as it happened
Wall Street ended the session sharply lower as concerns about AI cash burn sparked a tech selloff. A massive security breach at Binance added to the nervous mood, with a North Korean group blamed for the theft. The episode weighed on crypto markets more broadly.
03Neutral
Intel Stock Suffers Worst Crash in 50 Years as Weak Forecast Overshadows AI Chip Demand
Intel was one of the hardest hit names. The company beat third-quarter earnings expectations, but warned of a prolonged slump in personal computers. Shares fell to their worst daily decline in fifty years, and the drop wiped roughly twelve billion dollars off the government's stake.
04Neutral
Reddit Stock Plunges 30% as Google's AI Search Hits Traffic and User Growth
Reddit also came under heavy pressure. The stock plunged thirty percent after the chief executive warned that Google's AI-powered search features are cutting referrals. Weaker user growth and disappointing fourth-quarter guidance added to investor concerns, leaving the shares down forty-four percent this week.
Gold breaks $3,886 floor to new YTD low as Fed hawks press on
In commodities, gold broke below the three thousand nine hundred dollar level for the first time since October of last year. The metal touched a new year-to-date low of three thousand eight hundred eighty dollars. The dollar and Treasury yields edged higher as hawkish Fed commentary weighed on prices.
The Japanese yen held firm after the Bank of Japan delivered a hawkish hold, outperforming most major currencies. Elsewhere, Tether said its excess reserves nearly doubled to eight billion dollars, with third-quarter profit of one and a half billion. BP reported quarterly profits of eight point four six billion dollars, an eighteen-year high. And tankers are still moving crude through the Strait of Hormuz despite a sharp escalation in attacks, drawn by soaring freight rates.
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investingLive Americas FX news wrap 30 Oct: It’s a wrap: Nasdaq tumbles as AI costs worry investors; Fed speakers keep hikes in play
investingLive Americas FX news wrap 30 Oct: It’s a wrap: Nasdaq tumbles as AI costs worry investors; Fed speakers keep hikes in play. Nasdaq suffers worst month since March 2025 as technology stocks tumble.
Wall Street closes sharply lower as AI cash burn fears spark tech selloff – as it happened
This live blog is now closed. How big a deal is the $6.3bn Binance crypto heist, who did it, and are investments safe? Tell us: have you been affected by the Binance hack? Full story: North Korean group blamed for…
NeutralCointelegraph
Tether’s excess reserves nearly double to $8B as Q3 profit hits $1.5B
The stablecoin issuer’s US Treasury holdings are comparable to those of major foreign holders, while its Bitcoin reserves were valued at $8.37 billion at the end of September.
BP profits hit ‘obscene’ 18-year high as Iran war drives up oil refining margins
Oil giant comes under fire from climate campaigners, as its earnings reach $8.46bn while ‘innocent civilians suffer’ BP’s quarterly profits have been labelled “obscene” after they hit an 18-year high of $8.46bn…
NeutralCointelegraph
Bitcoin risks worst October in 12 years as tech sell-off spreads to gold
Bitcoin circled $77,000 as crypto markets navigated US stock-market downside, while the gold price fell to its lowest in a year.
Brent Hits $117 as Tanker Catches Fire in Strait of Hormuz
Tensions in the Middle East are escalating again as a tanker was reported on fire after explosive devices were attached to its hull while the vessel was attempting to transit outbound in the Strait of Hormuz. The UK…
NeutralBBC News
Google value plunges by $500bn as its own AI search hits ad sales
Google spooked investors so badly that its stock hit a six-month low, after it revealed its AI own search summaries were affecting ad revenue.
BNB lost 7.1%, while Binance Co-CEO Yi He pledged that the exchange will cover all user losses resulting from the hack.
Macro & Markets: 10 selected of 39
NeutralOilPrice.com
Europe Is Now Seriously Rethinking Its Oil Refinery Phase Down
Europe Is Now Seriously Rethinking Its Oil Refinery Phase Down. Over the past couple of decades, Europe has pursued some of the world’s most ambitious clean energy policies, aiming to become the first climate-neutral.
NeutralOilPrice.com
Gasoline Up 34% and Heating Oil Up 74% as Voters Head to the Midterms
The results of the upcoming midterm elections will reveal just how much power global energy markets have over state-level politics – and how much changing political regimes can cost the global energy sector in return.…
NeutralBBC News
US tech stocks see sharp falls as AI spending nears $1tn
Shares in Intel continue to fall while the tech-heavy Nasdaq opens at its lowest level in more than two months.
NeutralFXStreet
Gold breaks $3,886 floor to new YTD low as Fed hawks press on
Gold (XAU/USD) tanked to a new year-to-date (YTD) low of $3,880 on Friday, clearing the $3,900 threshold for the first time since October of last year. The Greenback and US Treasury yields edged higher, while risk…
Worried About Crypto Hacks? Buy Bitcoin Proxies in Stock Market Instead, Say Wall Street Firms
Analysts at Cantor Fitzgerald, TD Cowen and Compass Point say the record $6.4 billion theft is a Binance security failure, not a crypto-wide threat, pointing clients toward proxies like Coinbase, Robinhood, and Strategy.
SEC Issues Exemptive Relief from Treasury Clearing Requirements for Certain Inter-Affiliate and Non-U.S. Repo Transactions
The Securities and Exchange Commission took another step forward today to assist broker-dealers and other market participants on the path to central clearing of U.S. Treasury securities by issuing exemptive relief…
NeutralFox Business
Oil giants post billions in profits as Americans feel pain at the pump
ExxonMobil and Chevron posted massive quarterly profits as Middle East and Russia-Ukraine conflicts drove gas prices up 34.2% year over year.
NeutralCNBC
Tankers defy sharp escalation of Iranian attacks to keep crude oil flowing through Strait of Hormuz
Soaring freight rates are giving tankers a big financial incentive to run the gauntlet through the Strait of Hormuz.
NeutralFXStreet
Japanese Yen holds firm after BoJ’s hawkish hold
USD/JPY holds trades on the back foot heading into the weekend as the Japanese Yen (JPY) outperforms most major currencies following the Bank of Japan’s (BoJ) hawkish hold. However, the pair has recouped some of its…
Fed’s Logan calls for two more rate hikes; pause won’t alter path
On Friday, the Dallas Federal Reserve President Lorie Logan said that “at least two more quarter-point rate hikes” are needed. She added that skipping a hike “doesn’t change policy destination,” and that adjusting…
Stocks & Earnings: 10 selected of 18
NeutralCrypto Briefing
FuelCell Energy CEO says communities deserve a say on AI power projects
FuelCell Energy CEO says communities deserve a say on AI power projects. Community involvement in AI power projects could mitigate backlash, ensuring sustainable development and aligning with local interests.
NeutralCNBC
Intel stock has worst day since 1970s, wiping about $12 billion off government's stake
Investors are nervous about the massive AI spending from the tech giants and whether that will pay off.
NeutralDecrypt
Reddit Stock Plunges 30% as Google's AI Search Hits Traffic and User Growth
Reddit shares are down 44% this week after CEO Steve Huffman warned that Google's AI-powered search features are cutting referrals, while weaker user growth and disappointing fourth-quarter guidance added to investor…
NeutralBitcoin Magazine
Coinbase (COIN) Misses Revenue Estimates as Users Fall, Armstrong Sets Up New Share Sales
Coinbase missed revenue expectations as users declined, despite growth in recurring revenue, while executive share-sale plans and a massive Binance security breach added pressure to crypto markets. This post Coinbase…
NeutralOilPrice.com
Chevron Profits Nearly Triple to $9.9 Billion
Chevron's third-quarter profit nearly tripled to $9.9 billion, with its refineries doing much of the heavy lifting despite processing just 3% more crude than a year earlier. The company reported earnings of $5.06 per…
NeutralCNBC
Musk and Zuckerberg echo Trump's push to rebrand AI as 'super intelligence' on earnings calls. Others do not
Meta's Mark Zuckerberg and Elon Musk of Tesla and SpaceX adopted President Trump's preferred "super intelligence" term on their third-quarter earnings calls.
NeutralThe Block
Strategy’s preferred-stock fix sets up renewed bitcoin buying, analysts say
Strategy fell after Q3 earnings, but StoneX & TD Cowen kept buy ratings, citing $4.83B cash reserve and more stable STRC preferred structure.
The share of solar generation with co-located battery storage is increasing
Utility-scale solar developers are increasingly co-locating battery storage with new solar photovoltaic capacity. As of September 2026, over 16% of new utility-scale solar capacity added this year is co-located with…
NeutralEuropean Central Bank
Results of the ECB Survey of Professional Forecasters for the fourth quarter of 2026
Results of the ECB Survey of Professional Forecasters for the fourth quarter of 2026
NeutralThe Block
Coinbase Q3 net income jumps 66% as prediction markets gain traction
Bernstein analysts said Coinbase's expanding prediction markets and derivatives businesses helped offset weaker spot trading activity.
NeutralCrypto Briefing
CoreWeave shares fall 10% on financing worries, tech sector selloff
CoreWeave shares fall 10% on financing worries, tech sector selloff. CoreWeave's financial struggles highlight broader tech sector vulnerabilities, potentially signaling increased market volatility and credit risk.
NeutralDecrypt
Intel Stock Suffers Worst Crash in 50 Years as Weak Forecast Overshadows AI Chip Demand
Intel beat third-quarter earnings expectations, but warned of a prolonged PC slump, sending shares to their worst daily decline in 50 years.
NeutralEuropean Central Bank
Philip R. Lane: AI adoption in Europe
Philip R. Lane: AI adoption in Europe
NeutralThe Guardian
Sinkholes, scarred land and scapegoats: the scourge of illegal gold mining in Johannesburg
There is no end in sight for the drivers of illegal mining, while police action appears ineffective. Cora Bailey has been encountering illegal miners ever since she first started treating injured animals in the…
Piero Cipollone: Next-day securities settlement, tokenisation and the transformation of Europe’s financial infrastructure
Piero Cipollone: Next-day securities settlement, tokenisation and the transformation of Europe’s financial infrastructure
Analysts & Research: 10 selected of 30
NeutralCNBC
Meta outlook revised downward by S&P on cash flow and capex concerns
Meta outlook revised downward by S&P on cash flow and capex concerns. Meta has been given a negative outlook by S&P Global Ratings due to the company's hefty capital expenditures and concerns about free cash flow.
NeutralFXEmpire
Gold (XAU/USD) Price Forecast: Breakdown Puts $3,500 in Focus
Gold breaks below major support at $3,942 as bearish momentum accelerates, exposing lower targets near $3,789, with a deeper correction potentially reaching $3,500.
Bitcoin Price Prediction: BTC eyes Retest of $75K Support Amid $6.3Bn Binance Hack
Bitcoin (BTC) risks a 13% correction toward $65,000–$72,000 if it fails to defend the critical $75,000 support floor following a 4% drop triggered by Binance’s $6.3 billion hack.
S&P revises Meta’s outlook to negative as the AI spending bill keeps growing
Meta's increased AI spending raises concerns about financial stability, potentially impacting borrowing costs and investor confidence.
NeutralFXEmpire
Natural Gas Price Forecast: Bullish Reversal Faces Major Resistance
Natural gas rebounds from key support with a bullish reversal signal on deck, but several moving averages and trendline resistance levels could limit recovery potential.
NeutralFXEmpire
Palantir (PLTR) Price Forecast: Earnings Loom as Downside Risks Build
Palantir’s technical weakness is increasing ahead of earnings, with bearish signals pointing to deeper downside risk and a critical confluence of support near $160–$166.
NeutralFXStreet
US Dollar Weekly Forecast: A hawkish Fed is no longer enough
The US Dollar (USD) managed to regain some composure, ending the week with acceptable gains after surrendering some ground following earlier two-week highs.
NeutralFXEmpire
NASDAQ Index, SP500, Dow Jones Forecasts – NASDAQ Dives As Intel Collapses 31%
Intel’s report triggered a strong sell-off in the tech sector.
DBS Group Research anticipates Vietnam’s October 2026 exports and retail sales to stay robust, while headline inflation hovers around 5%, above the 4.5% target. Strong electronics shipments, firm household spending and…
NeutralFXEmpire
Nasdaq Index: AI Selling Deepens as Financing and Capex Risks Hit Tech
Nasdaq plunges as AI financing, capex and debt concerns hit tech stocks, putting major support levels in focus.
Compiled by the Borearis Research Team from public news and market quotes, with AI-assisted summaries. For information only, not investment advice. Trading involves risk.
