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October 15, 2026

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Investors reacted sharply on Wednesday as shares of Skydance Corp. plunged as much as twenty five percent following the distribution of four hundred seventy one million stock warrants to former Paramount investors. The sudden dip saw the stock price fall to six dollars and seventy eight cents by late morning, reflecting widespread concerns over potential dilution. These warrants give holders the option to purchase Class B shares at twelve dollars each, a move that could potentially inject over five billion dollars into the company’s coffers but would simultaneously increase the total share count and erode the value held by existing stockholders.

The financial turbulence comes shortly after Skydance began trading on the New York Stock Exchange last week, marking the culmination of a complex merger between Paramount and Warner Bros. Discovery. To align interests across the board, CEO David Ellison structured these warrants to mirror terms offered to high profile backers like Larry Ellison and various sovereign wealth funds from Saudi Arabia, Qatar, and Abu Dhabi. However, the immediate market reaction suggests that traders are more focused on the short term impact of diluted ownership than the long term strategic alignment of the new media giant.

Beyond today’s volatility, Wall Street remains skeptical about the broader viability of this entertainment behemoth. Despite boasting projected annual revenues near seventy billion dollars, Skydance is burdened by a staggering eighty billion dollars in net debt. Analysts at Wells Fargo pointed out that mega mergers in the media sector often struggle to meet earnings expectations, citing past examples like Disney and Fox or CBS and Viacom as cautionary tales. While some experts believe the company can achieve its planned cost savings, they warn that heavy leverage and industry disruptions make it a risky bet for cautious investors.

This latest shakeup follows an ambitious consolidation effort that brought together iconic brands such as CNN, HBO Max, and CBS under one roof in a deal valued at one hundred eleven billion dollars including assumed debt. Even as David Ellison and co CEO Ynon Kreiz finalize their executive leadership teams and attempt to integrate two sprawling corporate cultures, they must now contend with a stock price that reflects deep investor anxiety regarding both their balance sheet and their future growth prospects.

The initial gold rush surrounding artificial intelligence infrastructure is facing a sobering moment of clarity following a critical outlook report from Gartner. The research firm suggested that the breakneck pace of spending on specialized compute resources might be hitting a plateau, sending shockwaves through the ecosystem of neoclouds. Companies like CoreWeave, which have carved out niches by providing massive clusters of high end GPUs for AI training, are now finding themselves at the center of a broader debate about whether current demand can sustain such aggressive valuations.

For months, these boutique cloud providers operated under the assumption that hunger for processing power would grow indefinitely. However, the latest analysis indicates that enterprises are shifting their focus from simply acquiring raw hardware to figuring out how to actually generate revenue from their AI deployments. This pivot creates a precarious situation for firms whose entire business model relies on the rapid expansion of GPU capacity regardless of the underlying software utility.

Investors who previously viewed neoclouds as safer bets than traditional tech giants are now questioning the long term viability of companies lacking integrated ecosystems. While CoreWeave and its peers possess the physical chips, they lack the proprietary platforms and diverse revenue streams that protect larger players during market corrections. As capital becomes more discerning, the premium once placed on sheer computing volume is being replaced by a demand for sustainable margins and proven customer retention.

This shift reflects a wider trend across the technology sector where the honeymoon phase of generative AI is transitioning into a period of operational scrutiny. Analysts warn that if organizations cannot bridge the gap between expensive experimentation and scalable production, the appetite for third party cloud rentals will diminish significantly. For now, those betting heavily on specialized infrastructure must prove they can survive in an environment where efficiency matters more than scale.

Investors sent Oracle shares tumbling by over nine percent Tuesday morning in a move that seemed to defy conventional market logic. The sell off occurred even as analysts from Mizuho maintained an outperform rating on the software giant, suggesting the stock is significantly undervalued compared to a projected price target of three hundred twenty dollars. Despite the bullish outlook from experts, shareholders appeared far more concerned with the immediate financial risks associated with the company’s massive ambitions.

At the heart of the volatility is Project Jupiter, a staggering one hundred sixty five billion dollar artificial intelligence data center being constructed in the New Mexico desert. While some see this as a visionary leap into the future of AI infrastructure, others view it as a reckless expenditure. Recent reports indicate that Oracle has been attempting to reroute gas pipelines to bypass lengthy environmental reviews, hoping to keep construction moving quickly toward an October update date.

However, Wall Street is growing nervous about how these blueprints are being funded. A recent credit rating downgrade to just one notch above speculative grade highlights fears that Oracle is spending too much on capital investments without guaranteed short term returns. With partners like OpenAI not required to start payments until two thousand twenty seven, there is a looming worry that current cash reserves will vanish under an annual burn rate of nearly twenty nine billion dollars.

This creates a tense standoff between long term potential and short term solvency. While bulls argue that Project Jupiter will eventually redefine the industry, skeptics fear the company may have to pile onto its already massive debt load just to stay afloat during construction. For now, traders are choosing caution over optimism, selling their positions rather than waiting to see if the desert gamble pays off.

Investors are beginning to question the massive debt piles fueling the artificial intelligence boom, leaving specialized cloud provider CoreWeave caught in a sudden financial storm. On Wednesday, the company saw its shares plummet by more than 15 percent while yields on its long term bonds climbed toward 15 percent. This volatility signals a growing anxiety among traders that the rush to build out AI capacity has led some firms to borrow far beyond their means, turning what was once an exuberant gold rush into a cautious examination of balance sheets.

The selloff gained traction after prominent figures in the tech world highlighted CoreWeave’s precarious position on social media. Tech investor Chamath Palihapitiya pointed to the spiking bond yields as evidence of a potential private credit bubble, drawing a response from Elon Musk that simply read yikes. Analysts suggest that while larger giants like Amazon and Google can absorb massive spending, smaller players lack the fortress balance sheets required to sustain such aggressive expansion during a period of rising interest rates. Some experts describe CoreWeave’s current financials as relatively weak compared to its peers due to its heavy reliance on loans to fund new data centers.

CEO Mike Intrator remained defiant in a memo sent to staff, dismissing the market reaction as irrational behavior common when people misunderstand a developing technology business. He insisted that the company’s order backlog is strong enough to cover all existing debt obligations. Despite this confidence, others see it as part of a broader trend across the tech sector. Other industry names including Dell and Nebius also suffered steep losses on Wednesday, suggesting that investors are no longer handing out cheap capital without scrutiny.

This shift marks the end of an era of easy money for AI startups and mid sized providers who have spent billions racing to secure hardware and power. While total industry spending is projected to eventually top one trillion dollars annually by 2027, the immediate pressure is mounting for those categorized as junk grade borrowers. As markets demand higher risk premiums, companies must now prove they can translate their expensive infrastructure investments into actual profits before their creditors lose patience entirely.

Wall Street witnessed a puzzling trend this week as the nation’s largest banks saw their share prices tumble despite several reporting surprisingly strong third-quarter results. While individual balance sheets showed resilience, the overarching sentiment remained bleak, leaving investors focused on potential pitfalls rather than current profits. Jim Cramer, host of CNBC’s Mad Money, noted that it is strange to see such universal negativity across a set of quarters containing so many positives, suggesting that the market is currently operating on anxiety rather than data.

According to Cramer, the selloff stems from a deep seated concern regarding the economic horizon. He argues thatpersistent inflation and rising interest rates have created an atmosphere of uncertainty that outweighs positive earnings beats. This cautious mood was evident even for heavy hitters like Goldman Sachs and Morgan Stanley, both of which exceeded expectations yet still watched their stocks slip. In the case of Goldman Sachs, where equity trading surged and investment banking fees climbed, Cramer believes the subsequent price drop reveals a wave of skepticism among traders who fear the era of booming returns has come to an end.

Other institutions faced more specific headwinds alongside general market volatility. Bank of America struggled significantly, missing targets and absorbing a massive regulatory penalty related to anti money laundering laws. Meanwhile, Citigroup posted its strongest third quarter in a decade, only to be met with a sharp decline in share price. Cramer suspects that Citigroup may have been punished simply for having outperformed its peers recently, though he views these dips as strategic buying opportunities for those who believe in long term turnarounds.

Despite the gloom, some silver linings emerged during the earnings cycle. Wells Fargo managed to stabilize its net interest margins for the first time in months, leading Cramer’s Charitable Trust to upgrade the stock to a buy equivalent rating based on CEO Charlie Scharf’s confidence in high rate environments. Similarly, JPMorgan Chase weathered its misses with relative ease as investors reacted positively to promising forward looking guidance for 2027. Ultimately, however, these isolated wins were not enough to lift the entire sector against a backdrop of wobbly capital markets and macroeconomic dread.

Myriad Uranium is making a significant push into South America after agreeing to acquire the Los Altares uranium project located in the heart of Argentina’s Chubut province. Through a share purchase agreement signed on October 9, the company will take full ownership of Buenavida Metales S.A. from Green Shift Commodities. This strategic move grants Myriad control over a massive 55,000 hectare land package situated within the prominent Cerro Solo uranium district, placing them in close proximity to some of the region’s most notable deposits.

The financial terms of the deal include a combination of three hundred thousand dollars in cash and over one point five million common shares. While Myriad takes total control of the assets, Green Shift Commodities will maintain a small stake in future production through a two percent net smelter return royalty, though Myriad retains an option to buy back half of that royalty for one million dollars. The acquired portfolio consists of twenty three separate properties, several of which already have approved environmental impact assessments and active mining concessions.

Chief Executive Officer Thomas Lamb noted that this acquisition fits perfectly into a broader corporate strategy focused on securing high potential projects with manageable upfront costs that can benefit quickly from rising uranium prices. He highlighted that owning such a vast area in Argentina’s premier uranium district provides immense leverage, especially given the location’s relationship to the existing Cerro Solo deposit and the historic Los Adobes mine. However, Lamb cautioned that further technical studies are needed to see if any newly discovered minerals can be extracted using modern in situ recovery methods.

This expansion arrives shortly after Myriad consolidated its position in North America by taking full ownership of the Copper Mountain project in Wyoming earlier this year. By diversifying its holdings between the United States and Argentina, Myriad is positioning itself as an aggressive player in the global energy metals market during a period of renewed interest in nuclear power resources.

Texas Democrat candidate for U.S. Senate James Talarico appears to be further moderating his previous left-wing stances as he slammed former President Joe Biden for ‘failing us’ on border security in a new campaign advertisement released Monday.

Despite spewing a seemingly hawkish and downright right-leaning border stance in the recent ad, Talarico previously called to slash Texas’ entire border-security budget in an unearthed interview.

“I called out Joe Biden for failing us on the border,” Talarico says in the opening of the ad released this week.

But Talarico’s campaign couldn’t give Fox News Digital an example of him ever publicly criticizing Biden during his presidency. And the Texas Democrat explicitly made a call to put Texas’ entire $800 million two-year border security budget toward public education in a 2019 interview with The Austin Chronicle.

JAMES TALARICO ADMITS DEMOCRATS TOOK ‘BORDER FOR GRANTED’ UNDER BIDEN

“We’re also sending about $800 million per biennium to the border with Mexico for ‘increased border security,’” Talarico said in the more than seven-year-old interview.

The two-year deal allocating $400 million per year toward border security in the state of Texas was the state’s entire budget toward warding off illegal immigration at the time Talarico made the call to replace that funding.

“I’d rather take that money and put it back into public education and help increase the basic allotment, for instance,” he said in the interview.

Talarico has ramped up his efforts to come off more moderate amid claims that he is too progressive to win a Senate seat in notoriously red Texas. His move to a more moderate stance on immigration only started during his Senate bid in the state with the highest rates of illegal immigration.

“Putting a bunch of boats, planes and border patrol agents on the physical border is expensive and also does not solve the problem,” he said in the interview.

His 2019 criticism of border enforcement comes to the surface as border crossings under the Trump administration fell to a new record low level in 55 years in 2025, according to the Department of Homeland Security (DHS). The decline in illegal immigration followed a series of immigration enforcement measures implemented by the administration.

“Everyone will admit it’s just political grandstanding,” Talarico said in the interview. “Certain lawmakers want to appease extreme parts of their base. And they do it by pumping money we don’t have down to the border.”

EXCLUSIVE: TALARICO CAUGHT ON TAPE GIGGLING ABOUT HIS CHURCH HOUSING ILLEGAL IMMIGRANTS SET FOR DEPORTATION

In his run for Senate, Talarico has now labeled himself a “border security” Democrat, despite an extensive history of pushing back on border security reform and authorities.

A former member of the Texas legislature and a former school teacher, Talarico has been in the spotlight repeatedly for many of his far-left controversies, particularly comments regarding immigration enforcement. He has called to dismantle Immigration and Customs Enforcement (ICE), claiming it was “time to tear down this secret police force.”

Talarico also referred to illegal aliens as his “constituents.”

He labeled Republican Texas Gov. Greg Abbott’s border security policies as “atrocities” and accused him of “hunting” illegal immigrants. The Senate candidate also said he “taught a lot of undocumented students,” and that those illegal aliens were more patriotic than Americans.

“James is proud to be the only candidate in this race who has unveiled a border security agenda endorsed by Republican and Democratic border county sheriffs,” Talarico’s campaign spokesperson JT Ennis told Fox News Digital when asked about the flip-flop.

TALARICO DISAPPEARANCE HAS DEM VOLUNTEERS WORRYING AND TRUMP ASKING, ‘WHAT IS GOING ON?’

He continued, “James supports stronger border security and immigration enforcement — it’s why he’s called for more border patrol agents and has said we should be arresting and deporting violent criminals and human traffickers — not moms and babies.”

The Texas Senate hopeful went briefly missing from the campaign trail this month, prompting viral rumors online to swirl that he was at a behavioral health center. Talarico debunked these claims after clearing the air on his whereabouts when he reappeared Friday, reassuring voters that he was recovering from the flu.

Talarico is running against GOP rival Ken Paxton for the Senate seat in Texas. The race has remained close as November’s midterms approach.

This post appeared first on https://www.foxnews.com

FIRST ON FOX: A new memo obtained by Fox News Digital alleges that former President Joe Biden’s Justice Department collected information on hundreds of thousands of Republican voters and donors, including the names and home addresses of people who purchased red MAGA hats and Trump memorabilia.

The memo is part of an update from Senate Judiciary Chairman Chuck Grassley, R-Iowa, and his investigation into former special counsel Jack Smith and his Arctic Frost probe, which was launched by Biden’s Department of Justice (DOJ) in 2022 to investigate efforts to overturn results of the 2020 election.

Grassley has been diving into Arctic Frost since last year, releasing a drip feed of whistleblower reports on the investigation that led to Smith testifying before the Judiciary Committee last month.

EXPLOSIVE NEW REPORT PUTS JACK SMITH BACK IN HOT SEAT AS JIM JORDAN ALLEGES HE TRIED TO ‘SWAY’ 2024 ELECTION

The latest update found that Smith’s special counsel office and the DOJ “obtained spreadsheets containing Republican campaign donors, supporters, and detailed personal voter information in various formats, totaling over 639,000 individuals, at minimum,” Grassley said in the memo.

“Out of those, over 148,000 rows are identified in the spreadsheets as donors,” he continued. “The donors generally contributed small-dollar amounts.”

Smith also sought and obtained information on the sales of red MAGA hats and Trump memorabilia, which Grassley noted included “individual purchasers and shipping addresses for home delivery.” 

“This is in addition to collecting a catalog of Trump campaign products including these red hats, T-shirts, mugs, and door mats,” Grassley said. “This further illustrates the extensive scope of irrelevant and personally invasive records obtained by Smith which were shared with FBI agents.”

The data gathered on the voters and donors included names, dates of birth, physical addresses, emails, whether the person was a registered Republican, their occupation and place of employment — samples on the list included retirees, pool technicians, drivers, loggers, etc. — credit card information, donor analysis data and donation amount, among other details.

JACK SMITH’S TRUMP PROBE SWEPT UP FOX NEWS, OTHER MEDIA COMMUNICATIONS AS INVESTIGATION WENT BEYOND LAWMAKERS

Fox News Digital reached out to Smith’s newly launched law firm for comment.

The memo follows a previous release from Grassley that showed Smith’s team collected checks from nearly 5,000 Americans across the country who donated to Trump and Trump-aligned Republican entities.

“This update shows that Jack Smith and the Biden Justice Department collected incredibly invasive donor data — and voter data — beyond what could conceivably be necessary for him or his team to fulfill the [special counsel office’s] mandate,” Grassley said.

HOUSE VOTES TO REPEAL CONTROVERSIAL ARCTIC FROST PROVISION FROM GOVERNMENT SHUTDOWN BILL

“This update further corroborates that Smith and his partisan team aimed to map out the entire Republican Party apparatus,” he continued. “I again call on my Democratic colleagues to join my oversight work instead of trying to defend Smith and sweep his abuse of authority under the rug.”

Grassley noted that during Smith’s hearing last month, he pressed the former special counsel for a “yes or no” answer on whether his investigation gathered data on donors.

“Yes,” Smith said. “We acquired financial information. As I sit here right now, I cannot recite to you every subpoena we issued. I can tell you why we issued subpoenas. And it was to conduct a criminal investigation of one of the most serious crimes that’s ever happened in our nation’s history. I had a duty to collect facts.”

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Republicans are eyeing a rare Senate pickup opportunity in Minnesota, where GOP nominee Michele Tafoya is narrowing the gap with Democratic Lt. Gov. Peggy Flanagan, prompting Fox News to move the race toward Republicans less than three weeks before Election Day.

It’s been nearly a quarter-century since Republicans last won a Senate election in the blue-leaning state. But Tafoya, a former longtime NFL sideline reporter, is aiming to break that losing streak by flipping the seat held by retiring Democratic Sen. Tina Smith.

A new Minnesota Star Tribune/KARE 11 poll shows Tafoya trailing Flanagan by just four percentage points. On Tuesday, the Fox News Power Rankings shifted the race to the right, from Likely Democrat to Lean Democrat.

GOP SENATE HOPEFUL SOUNDS ALARM AFTER TERROR PLOT THWARTED

“The more that Minnesotans learn about me and my opponent and see what my opponent has failed to do over the last eight years alongside [Democratic Gov.] Tim Walz, they’re understanding Minnesota needs change. We need fresh ideas, we need an independent thinker and they’re jumping on board,” Tafoya said in a Fox News Digital interview.

Fox News Digital reached out to the Flanagan campaign for comment but didn’t receive a response at the time this story was published.

The race is unfolding against the backdrop of Minnesota’s massive welfare assistance fraud scandal, which has attracted national attention for nearly a year and prompted Democratic Gov. Tim Walz to abandon his 2026 re-election bid. The scandal has also become a central issue in Tafoya’s campaign against Flanagan.

Tafoya noted that “there has been historic fraud under this administration, where Peggy Flanagan, my opponent, has been the second-in-charge in this state. And not only was the money stolen, it hollowed out these programs that were supposed to be getting help, like kids’ meals or autistic kids or seniors who were supposed to be getting visits, health visits, wellness visits. And, so, that’s been hollowed out.

DEMS SEE NEW CHANCES TO FLIP SENATE SEATS BUT GOP’S MASSIVE CASH ADVANTAGE AN OBSTACLE

“Walz understood that he was not going to win another term as governor with these conditions, but my opponent thinks she deserves a promotion. I think people are starting to realize she deserves a pink slip.”

Flanagan has said she is “incredibly angry with the fraud,” has acknowledged public frustration over the scandal and said more could have been done sooner to catch and prevent the fraud. The lieutenant governor has noted that she was not in charge of the state agencies at the center of the scandals or steering the daily state response. She has also distanced herself from Walz, who has accepted blame for the fraud.

DEMOCRATS THINK A BLUE WAVE IS BUILDING – HERE ARE THREE FACTORS THAT COULD STOP IT

“It’s wall-to-wall coverage on every nightly news program here for months and months. We’re seeing it in polling,” Minnesota-based veteran national Republican strategist Kirsten Kukowski told Fox News Digital.

Pointing to Flanagan, Kukowski said she has “a lot of fraud baggage … and it’s really made the Senate race really tight here.”

Tafoya is also highlighting a recent spate of gang-related shootings in the Minneapolis-St. Paul suburbs and on Monday announced a five-point-plan to combat the violence.

“We will do more in our first eight weeks as a U.S. Senator than Peggy Flanagan has done in eight years as the second in charge,” she told Fox News Digital.

WHO’S UP AND WHO’S DOWN IN THE LATEST FOX NEWS MIDTERM POWER RANKINGS

EXCLUSIVE: TYLER, Texas — Faced with an uphill battle in November’s midterms as costs soar for Americans, Vice President JD Vance is making a pitch that the alternative is not better and argued that Democrats would only make existing problems like street crime worse.

“It sort of drives home how the Democrats have kind of lost their minds,” Vance told Fox News Digital Tuesday when asked about a recent rash of Somali gang violence in Minnesota.

“And if you elect Democrats, you’re fundamentally electing people who will invite criminals into your state, into your communities and make your communities less safe.”

In typically blue Minnesota, Democratic Lt. Gov. Peggy Flanagan is vying for a seat in the U.S. Senate but is facing a tough challenge from Republican Michele Tafoya.

100-SHOT SOMALI GANG GUN BATTLE ROCKS MINNESOTA AS SHERIFF WARNS ‘WE’RE IN TROUBLE’

“If you elect Republicans, you may not agree with us on everything, but we agree on some basic principles,” Vance continued. “Like, for example, everybody should be safe. Everybody should be secure in their communities, and we don’t want let violent criminals come into our country.

“So, I do think that contrast is driven a little bit more starkly given what’s happening in Minnesota.”

Fox News Digital spoke with the vice president after a campaign rally in the town of Tyler, Texas, about 100 miles east of Dallas, Tuesday. There, Vance rallied for Republican Texas Attorney General Ken Paxton who is also in a tight U.S. Senate race with Democrat state Rep. James Talarico.

FOX NEWS POLL: IT’S A LONE STAR SENATE SHOWDOWN BETWEEN TALARICO AND PAXTON

The progressive candidate recently returned from a two-week campaign absence, which Vance described as “odd.”

“How old is he? Thirty-five? Forty?” Vance asked about Talarico. “You’ve got to have the energy to do the job, and taking two weeks off the campaign in October — that’s the meat of the campaign — I just think it’s a very, very bizarre thing.”

The vice president added that he hopes Talarico’s health is OK but that Texans must weigh whether he has the energy to do the job as a U.S. Senator.

TALARICO DISAPPEARANCE HAS DEM VOLUNTEERS WORRYING AND TRUMP ASKING, ‘WHAT IS GOING ON?’

In that race, Talarico has demanded a debate with Paxton, who has yet to oblige. President Donald Trump said the two should debate, posting to Truth Social that Paxton is “ready, willing, and able.” Vance took a softer stance when asked about a potential debate.

“That’s ultimately something Ken Paxton and James Talarico are going to decide,” Vance told Fox News Digital, adding that Paxton will make a “great senator.”

“Obviously, those are some … things the campaigns have to negotiate,” he continued. “But I’ll let Ken Paxton and James Talarico make that decision. Ultimately, they each have to make their case to the people of Texas.”

Nationwide, Republicans are underwater when it comes to the economy and cost of living, along with the war in Iran, according to Fox News polling.

REPUBLICANS FACE BRUTAL MIDTERM HEADWINDS. SIX FORCES COULD HELP THEM DEFY HISTORY.

Of those polled in September, 61% say gas prices are a major problem, up from 48% from two years ago, while 52% say the same for healthcare costs, up from 44%. Majorities also view housing costs (54%, down from 60%) and grocery prices (62%, down from 66%) as major problems ahead of the November election.

In a similar poll, 71% of respondents said the Trump administration lacks a concrete strategy for ending the ongoing war in Iran.

The two issues are closely related after gas prices spiked sharply from a national average of $2.98 per gallon at the start of the war earlier this year to an average of $4.33 per gallon today.

“Well, we obviously want gas prices to be as low as they possibly can,” Vance said. “And I think voters have to ask themselves, ‘Who has affirmatively taken steps to lower gas prices in the face, of course, of the Iranians terrorizing international shipping?’”

REPUBLICAN LAWMAKERS BREAK WITH TRUMP ON DIESEL DEAL WITH RUSSIA

Vance accused Democrats of complaining about the problem without offering solutions.

“We saw the president’s announcement, with Russian diesel being allowed to come into the market,” he said. “We have massive refinery capacity that we’re announcing that we’re going to build upon here. So, we’re doing everything that we can, recognizing that building out energy refining capacity takes some time.

“I’m very cognizant that a lot of Americans are struggling with high gas prices,” he acknowledged. “We’re doing as much as we can to address as much of the pain as possible.”

The 50th vice president stopped short of providing a definitive end date or marker that would signify an end to the war but said Iran must commit “not to rebuild [uranium enrichment] capacity and to stay off a pathway of nuclear weapons.”

“They’re going to stay off the pathway that’s developing a nuclear weapon, and I think the president’s been quite clear about that. I think the entire administration has been quite clear about that.”

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