Steep bill for AI buildout punishes Meta, other tech favorites - Reuters

Published: October 22, 2026 at 2:44p.m. EDTBenjamin Klein, senior portfolio manager at Baskin Wealth Management, joins BNN Bloomberg to discuss the markets. NEW YORK -- The tab for the next round of the AI buildout came due on Thursday. Investors sold shares of Meta Platforms and a wealth of companies central to the AI trade, a day after Meta -- one of the so-called hyperscalers spending billions to build data centres and other infrastructure supporting the AI boom -- said it would issue a new class of shares that will help it raise funds. Meta fell eight per cent, its largest drop since July. SpaceX declined nine per cent and semiconductor giant Nvidia -- a bellwether of the AI trade -- dropped four per cent. The Nasdaq Composite was on track for its largest decline in four months. A 10 per cent plunge in shares of semiconductor company Lam Research following its results also weighed on sentiment and sent the semiconductor index to its largest decline since July. Latest updates on investing hereThe pullback is the latest test for the AI trade, focusing on the rising costs of a long-term project the payoffs from which remain uncertain and will likely be unevenly distributed.

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Before you crank up the thermostat, try these tips to keep your house warmer for longer8 hours agoGrace DeanCora HarrisonCora Harrison says she saves money by only turning on heating in rooms her family is usingAs the UK braces for a chilly weekend, with powerful winds and heavy rain hitting parts of the country, people are looking for ways to bring some warmth to their homes without cranking up the heating just yet. It is autumn after all. But with rising energy prices making heating homes more expensive, taking action now could pay off in the long run. Experts warn, though, that if you're elderly or vulnerable you shouldn't compromise your health. To help you prepare for the chillier months, BBC News asked families and experts to share their tips for keeping your home warm and cost-effective. Eat hearty winter meals to warm you throughWhen it gets cold, many people turn to hot water bottles and blankets - but there are other ways to warm your body. The British Heart Foundation recommends wearing lots of thin layers, rather than one thick layer, to trap the heat in.