Markets

CNBC reported on Sat Oct 31, 7:26 AM CT, unconfirmed by other outlets so far: Berkshire ekes out some new highs, but October rally stalls.

CNBC reported on Sat Oct 31, 6:00 AM CT, unconfirmed by other outlets so far: Anthropic's path to the Nasdaq just got a lot bumpier.

Starting December 1, eligible accounts earn 6% APY only on the first $150,000 of deposits.

Sandisk closed down 13.6% at $1,149.50, a day after beating on revenue ($11.0B vs $10.7B expected) and earnings, guiding above Street estimates and announcing an 8-for-1 stock split.

Affordable Care Act plan premiums will rise 13% in 2027, the second straight year of double-digit increases, the Wall Street Journal reports.

It caps a day the Nasdaq 100 slid 10% below its October high.

The slide comes as disappointing tech earnings push the cost of insuring Big Tech debt to record highs, and three Fed officials called for more rate hikes today.

Brent crude settled at $117.64 a barrel, up $2.76 or 2.4%, while the Nasdaq 100 tracker QQQ sank 4.3% on the day.

Anthropic may not get an investment-grade credit rating after its IPO, Blackstone has told investors, according to the Financial Times.

The Nasdaq 100 is down 3.4% on the day and the S&P 500 is down 1.7%.

Reddit shares are down 29% to about $91.60, the biggest intraday drop in the stock's history, after CEO Steve Huffman said Google's SI search mode isn't sending traffic and Google referrals fell by more than 1 million a week in October.

Intel's 5-year credit default swap widened to a record 123.5 basis points, on track for its biggest one-day move since October 2022, per Markit data.

Trump Media shares fell to $5.53 today, a record low, one day after Reuters reported Wall Street firms pay up to $100,000 a month for early access to Trump's Truth Social posts.