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Meta stock fell 6.98% after record revenue as Class C shares and $810.25 billion of locked bills recast the AI funding path.
Las Vegas Sands missed third-quarter estimates as Marina Bay Sands mass win fell to 18.7%, while Macao volumes and market share rose.
Nasdaq fell 2.1% on October 16 as CoreWeave bonds yielded 15% to 16%, putting Blackstone, Magnetar and other AI lenders in the spotlight.
CoreWeave closed at $61.39, down 11.91%, after Jensen Huang said its cost of capital was falling while default swaps priced more than 60% five-year default odds.
Kristalina Georgieva said AI is holding world growth near 3% while moving hiring off graduates’ first rung and into lower-paid work.
CVS will pay $315 million and accept DEA monitoring through 2032, a federal overlay on alleged opioid fills that continued after its $4.90 billion state deal.
China’s producer prices rose 5.0% in September as coal and oil jumped, but consumer inflation stayed 0.9% because factories still cannot pass the shock to shops.
