Nasdaq sinks more than 2% as investors raise questions about AI debt - CNN

BOJ’s Ueda: We will continue to raise rates as underlying inflation approaches 2%US September import price index +1.1% vs +0.8% expectedUS September industrial production +0.7% vs +0.4% expectedUS fiscal 2026 budget deficit was the largest in five yearsMarkets:Gold down $2 to $4168US 10-year yields down 2 bps to 5.09%S&P 500 down 1.2%Nasdaq down 2.3%WTI crude oil up $3.40 to $101.37NZD leads, USD lagsS&P 500 futures were higher heading into the North American session but certainly didn't stay that way. Yesterday's rumors of an AI fund blowing up persisted and spread today. The neoclouds were hard hit again on all kinds of talk about how CoreWeave could use equity to meet debt obligations. They weren't the only ones as the financing problems are underscoring how difficult it will be to find all the capital for the promised AI build out. The SOX chip index fell for an eighth day. The oil market was more of a mystery as prices jumped higher in the US afternoon. The usual culprits are being pointed at, with the risks of a US escalation in Iran on the weekend. Even with that, the bond market was taking more of its cues from equities as yields ended the day lower.

A driver wanted $13K in treatment covered - but never showed up with proof What happened: The tribunal upheld Intact's refusal to pay more than $13,000 in disputed treatment, finding the claimant's injuries were minor.

Here are the key things investors need to know to start the trading day.

Inside the Market’s roundup of some of today’s key analyst actionsNational Bank Financial analyst Gabriel Dechaine is preparing for “mixed” third-quarter results from Canada’s life insurance providers, expecting “a modest growth deceleration” to be evident” due to flatter equity markets and rising bond yields. Modelling 5-per-cent year-over-year growth, down from 8 per cent during the first half of 2026, he expects the recent turbulence in the bond markets to be a focus of discussion on earnings calls. “As discussed in [a] September 20th report, the short-term implications of higher rates can be more negative, while the longer-term ones are more positive,” he said. “Our two top picks in the sector are MFC and SLF. However, we do not expect Q3/26 results to be a positive catalyst for either stock. MFC’s earnings continue to be clouded by higher claims costs in its Canadian Group business, along with volatile mortality experience in its legacy U. S. Individual Insurance business. Longer term, we like the stock’s positive leverage to rising rates, re-rating upside potential from de-risking and growth potential of its Asia segment. SLF faces a challenging quarter for its U. S.