📈 Stocks / Finance

US Indexes Close at Record Highs Despite AI Sell Off

AP News

US stocks hit records as the S&P 500 rose 0.2 percent and the Dow gained 1.3 percent to 48,704.01. AI names lagged, with Oracle down 10.8 percent and Nvidia down 1.5 percent. Rate cuts and strong earnings supported broader gains.

SoundHound Slides Amid Sector Volatility and Profit Concerns

Yahoo Finance

SoundHound drops 5.6 percent as investors rotate out of AI names. Cramer says the firm 'did not make any money,' adding pressure. Shares are down 42.1 percent year to date and trade 51.8 percent below the 52 week high.

Carvana Extends Massive Multi-Year Rally

USA Today

Carvana shares are up more than 95 percent year over year and over 11,000 percent from 2023 lows after its S&P 500 inclusion. Gains reflect tighter cost controls, debt reduction and rising demand, pushing its valuation above major US automakers.

🪙 Crypto

Stripe Expands With Valora Acquisition and Klarna Crypto Wallet Partnership

Payments Dive

Stripe acquired crypto wallet startup Valora and its unit Privy partnered with Klarna to build a crypto wallet. Klarna recently launched KlarnaUSD, and both moves aim to broaden stablecoin and crypto adoption.

🌎 Global Economy

Asia Drives Majority of Global Derivatives Trading

Open Markets

Asia Pacific reached 62 percent of global futures and options volume in Oct 2025, with CME Asia ADV up 29 percent to 2 million. Growth is supported by rising middle class demand, record gold trading, and regulatory reforms in China and Vietnam.

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