Anthropic IPO: $1.25T would be ~30% above May's $965B mark, and a $100B raise sells ~8% of the company

Nikkei 225 in a bear market at 57,434.77: needs about a 26.8% rally to get back to its June record

Japan's Nikkei 225 fell 6% on Friday to 57,434.77, 21.1% below its June record and officially a bear market. Getting…

Core capital goods shipments hit a record $86.1B in September: about $9B a month more than a year ago, a $1.03T run rate

US core capital goods shipments hit a record $86.1 billion in September, up 11.6% from a year earlier, per…

Credit Rating Downgrades — Three Cuts, One Safe Haven

U.S. debt lost its top rating at all three major agencies as rising debt and interest costs weakened fiscal strength.

On August 5, 2011, S&P stripped the United States of its AAA credit rating for the first time in the nation's history, cutting it to AA+. The New York Times headline two days later: "S.&P. Downgrades Debt Rating of U.S. for the First Time." The S&P 500 fell about 6.7% the next session, its worst single day since 2008, though…

Technology led as eight of eleven sectors fell, highlighting a market advance concentrated in a handful of growth sectors.

Sector dispersion stands at 2.74 percentage points in the latest session, with Technology up 1.45% against a 1.28% decline in Consumer Defensive. The backdrop is a 10-year Treasury yield of 4.86% at the latest close, below the 5.05% it…