The AI Bill Comes Due: Nasdaq Slides, Oil Tops 113 Dollars, and a Rate Hike Looms
The big tech selloff, and how Meta's spending spree helped trigger it. Brent crude settles above 113 dollars, and what that does to inflation, bonds, and your mortgage renewal; a stacked earnings day, from Procter and Gamble and Lockheed Martin to Western Digital after the close; and next Wednesday, October 28, when the Bank of Canada and the Federal Reserve decide on the same day, with markets pricing them in opposite directions. The Daily Ledger, with Alex and Jordan.
The skinny
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