General Wire › 16 Oct 2026
Daily brief
General Wire — 16 October 2026
The fastest US inflation in five months ended Wall Street's longest calm since 2020, CoreWeave's debt sank toward distress levels, Anthropic told investors quarterly revenue hit $16.8 billion, and smartphone shipments suffered their worst quarter ever.
Business
Sourced from Bloomberg’s Markets Daily.
Global smartphone shipments crashed 22% in their worst quarter ever, according to IDC. — Bloomberg
Anduril is in talks to sell insider shares at a valuation of roughly $90 billion. — Bloomberg
Economics
Sourced from Bloomberg’s Markets Daily.
The fastest US inflation in five months pushed the 10-year Treasury yield up to 5.33% before a reversal to 5.08%, and sent the odds of an October Fed hike above 50% in futures. — Bloomberg
Prestige Economics forecaster Jason Schenker expects the Fed to hold this month before a half-point hike in December. — Bloomberg
Finance
Sourced from Bloomberg’s Markets Daily.
The Nasdaq shed 2% on Wednesday, the Russell 2000 entered a correction, and CoreWeave’s 2032 debt traded below 78 cents on the dollar. — Bloomberg · Bloomberg
Daily private-credit valuations were criticized as an “illusion” after Apollo’s rollout. — Bloomberg
Tech / AI
Sourced from Bloomberg’s Markets Daily.
Anthropic told prospective investors its third-quarter revenue reached $16.8 billion ahead of its IPO. — Bloomberg
TSMC delivered a better-than-expected revenue outlook but did not dispel concerns about the sustainability of the AI buildout. — Bloomberg
Headlines are summarised in our own words for comment and analysis, with attribution and a link to the original publisher. Indicative only — not investment or trading advice. For commodity and cross-asset risk coverage, see Risk Wire.