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Artificial Intelligence economic meltdown in the US?

sharon sanders

Editor-in-Chief & President

Why SoftBank stock is sinking under the weight of its AI bets​

Fri, November 6, 2026 at 8:46 AM EST

snip

SoftBank shares crashed 10.83% in early trading on Friday after losing 14.4% on Thursday as the AI-heavy company was swept into the broader AI stock rout. Sentiment was also dinged by an FT report that China would not allow SoftBank to go ahead with the $5.4 billion acquisition of ABB's robotics division.

Shares are down 45% in the past month.

The company's credit risk climbed to its highest level in four years today, as measured by its five-year credit default swap (CDS) spread. The spread widened to as much as 466 basis points, its highest since Oct. 22, Reuters reported.

The level indicated a default probability of 30.6%.

more.... https://finance.yahoo.com/markets/s...nder-the-weight-of-its-ai-bets-134912183.html
 
Microsoft is winding down Oracle deal to rent AI cloud capacity, Bloomberg News reports
By Reuters
November 6, 202612:46 PM EST
Updated 2 hours ago

Nov 6 (Reuters) - Microsoft (MSFT.O), opens new tab is winding down an arrangement to rent AI computing from Oracle (ORCL.N), opens new tab as part of a larger reassessment of billions of dollars in cloud partnerships, Bloomberg ‌News reported on Friday, citing people familiar with the matter.

more.... https://www.reuters.com/business/mi...-ai-cloud-capacity-bloomberg-news-2026-11-06/
 
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