The trillion-dollar question

AI darling Anthropic kicks off its IPO roadshow targeting a $1.4 trillion fully diluted valuation - well below the $2 trillion figure that was doing the rounds over the summer. Meanwhile, a hot inflation report rattles bond markets and NVIDIA shares slide nearly 10% as spying allegations against CEO Jensen Huang grow more serious.

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Today's recommended read: Bond storm of 2026 may be passing, but Fed gusts linger, Mike Dolan

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