The development of AI agents has become a central part of Anthropic's future strategy, with the company preparing for a potential initial public offering (IPO) that investors expect could rank among the largest stock market listings in history.

India shifts ethanol procurement to corn and rice as weak rainfall threatens sugar output and domestic prices touch record highs.

CoreWeave's heavy debt load and a sharp drop in its shares have pushed investors to reassess the financial sustainability of the artificial intelligence sector. The company carries about $50 billion in debt and has raised its annual capital spending forecast to between $35 billion and $39 billion. Analysts expect 2026 revenue of nearly $13 billion alongside a loss of more than $2.13 billion, while yields on some of its bonds have climbed towards 16%. The strain has spread to Anthropic and OpenAI, with Anthropic's valuation expectation cut to $1.5 trillion from about $2 trillion.

US technology stocks recorded their steepest decline in three months, wiping out about $850 billion in a single session. September CPI came in at 3.7% year on year, above expectations, reviving fears that the Federal Reserve will raise interest rates further. Chip stocks fell across the board, with the iShares Semiconductor ETF down 4.5%. Oracle slid 8.8%.

Gold fell over 1% to a one-week low as hotter-than-expected US inflation boosted Federal Reserve rate hike bets, lifting the dollar and Treasury yields and weighing on non-yielding bullion.

The S&P 500 and the Nasdaq fell on Tuesday, led by declines in technology stocks. Reports said ChatGPT maker OpenAI’s annualized revenue is about $50 billion, below some market estimates of $70 billion. The news helped trigger a selloff in chip shares, pushing the Nasdaq 100 down 1.4% and the Philadelphia Semiconductor Index down 3.4%.

Constellation Brands fell nearly 5% in premarket trading after reporting quarterly results and issuing weaker-than-expected full-year earnings guidance. SpaceX shares dropped 2.34% after reports said the company is seeking to raise about $40 billion to buy chips from Nvidia for its AI development push, in what would be its biggest-ever debt financing. Neogen rose nearly 15% after beating quarterly earnings and revenue estimates and raising its fiscal 2027 revenue guidance.

U.S. stock futures moved lower in premarket trading, with Nasdaq futures down 0.67%, S&P 500 futures off 0.32% and Dow futures lower by 0.56%. Brent crude rose above $100 a barrel after Iran renewed attacks on vessels in the Strait of Hormuz, offsetting signs of improving supply. U.K. gilt yields climbed 7 basis points to 5.44% as markets awaited the release of the Federal Reserve’s meeting minutes.

U.S. stock futures were higher in premarket trading on Tuesday, with Nasdaq futures up 0.30%, S&P 500 futures up 0.25% and Dow futures up 0.52%. Brent crude fell more than 2% to $98 a barrel after the G7 agreed to release 100 million barrels from emergency reserves, while increased Middle East exports also eased supply worries. Nvidia, Microsoft and Meta traded higher ahead of the open.