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Anthropic's Upcoming IPO Is Buoying Markets After Steep Losses. Stocks Rebounded.

The company took another step toward debuting in the stock market while also warning that its technology could cause a catastrophe so costly that insurance might be unable to cover the damage.

Iran's Economy Keeps Grappling Under the U.S. Blockade. Bessent Said it Will Shrink By More Than 25%.
Microsoft is the Latest Company to Reduce its Workforce Over AI. It's Offering Buyouts to Tens of Thousands.
Iranian Supreme Leader Urges For Faster Progress in Nuclear Tech as Tensions With U.S. Remain High

Iran's Economy Keeps Grappling Under The U.S. Blockade. Bessent Said It Will Shrink By More Than 25%.
"You should start stocking up on heating fuel," Bessent said.
Lula Staged An Unexpected Comeback In Brazil's Presidential Elections. Its Markets Are Plunging.
Lula's opponent, Flávio Bolsonaro, is reportedly refusing to concede defeat and could stage a legal challenge of the results.
Netanyahu Reportedly Ordered Military Action Tied To Iran. Israel's Top Commander Resisted.
IDF Chief of Staff Eyal Zamir sought signed documents and legal authorization for the operation.
Ukraine-Musk Dispute Continues To Escalate. Kyiv Now Rejected Violating Starlink Terms.
Musk claimed that Ukraine's military used Starlin for offensive drone operations, which led to the service's restriction.
Democrats Lead In The Midterms As Economic Frustration Grows, But Voters Still Aren't Sold On Their Solutions
A new survey showed that Democrats are positioned to take control of the House, with economic anxiety and opposition to President Donald Trump driving support.
More Countries Are Taking Steps To Send Miliary Aid To Saudi Arabia As Clashes With Houthis Intensify
The Egyptian parliament authorized the military to send aid to Riyadh. Cairo's involvement would be limited to defending the country's territory.

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THE BOTTOM LINE

Nvidia

Nvidia Continues To Be The Market's 'Mammoth', But Other Tech Giants And Startups Are Trying To Carve Out Their Niches

Amid these efforts, Nvidia maintains a strategic power, even against its biggest competitors like AMD.

Economy in Focus

Wall Street Is Trading Near Record Highs. The Richest 1% Own More Than Half Of America's Stock Wealth.
As major U.S. banks prepare to report quarterly earnings, fresh attention is falling on who owns the financial assets benefiting from Wall Street's rally.
- S&P 500 Profits Set To Surge More Than 30% In Q3 With AI Giants Dominating Growth
- SpaceX Could Borrow $40 Billion For Nvidia Chips As Musk Makes A Massive New Bet On AI. Its Stock Fell.
Anthropic's IPO Filing Details Risks Beyond Wall Street, Including Catastrophic Incidents
Anthropic's prospectus outlines potential real-world harm from advanced AI, including systems attempting to avoid shutdown.
- Elon Musk Warns Of 'Guppy-Level Death' For Hundreds of AI Cloud Firms. Others Are Not so Sure.
- Wall Street Is Preparing For An AI Catastrophe. Major Banks Discussing How to Deal With The Day After.

Editor's pick

BlackRock headquarters

Bitcoin ETFs Lost $65 Million In A Day. One BlackRock Fund Accounted For Every Dollar.

The latest redemptions, however, represent a small fraction of the roughly $65.7 billion in net inflows BlackRock's fund has attracted since launching in 2024.

Kyeson Blake Utley, Founder of Ghost Key Development

Contributor

Building Software That Can Withstand Tomorrow's Attacks

The FBI's 2025 Internet Crime Report recorded nearly $21 billion in losses from cyber-enabled crime, a 26% increase on the year before.

Contributor
Why Longer Ownership Horizons Could Improve Care for Behavioral Health Organizations
Inperium is a nonprofit that helps other nonprofits grow through a shared constellation of services, expertise, and capital while preserving mission, identity, and operational independence.
Contributor
Haversack Is Betting That the Future of Logistics Still Needs People
As artificial intelligence reshapes the logistics industry, Christopher Nadeau is asking a different question. Not simply what AI can do, but what it should not do.

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.

Republican Senate Candidate Accuses Opponent Of Links To Muslim Brotherhood And Attacks Press In Fiery Interview
Mike Rogers claimed in a heated interview on Sunday with NBC's Kristen Welker that El-Sayed had refused to disavow the Muslim Brotherhood and accused her of bias in El-Sayed's favor.
Presidents Obama And Trump Held Competing Midterm Rallies On The Same Day. They Clashed On Iran.
Trump Eases Canadian Tariffs In Likely Last-Ditch Attempt To Help Republicans In Tight Midterm Races

Serbians Head To Polls To Determine The Political Future Of Longstanding Leader Aleksandar Vučić
Former Serbian President Vučić is running for prime minister in Sunday's parliamentary elections. His main challengers come from the student-led movement which emerged to oppose perceived corruption and neglect by the Vučić administration.
Brazilians Vote In Crucial Runoff Election Between Lula And Bolsonaro In Key Test For 'Donroe Doctrine'
Netanyahu Has Told Israeli Diplomats To Support Argentine Push For Falklands Talks: Report

Texan Senate Candidate Sues OpenAI Before Midterms, Accuses Altman Of 'Lying To Users And Harming Texans'
Texas Attorney General Ken Paxton, who is running in a high-profile Senate race against Democrat James Talarico, announced that he would sue Altman and OpenAI on Friday.
The AI Software Supply Chain Is Becoming More Dangerous Than the Traditional One
A New Microsoft AI Diagnosed 83% Of Complex Medical Cases. Doctors Using References Got 36% Right.