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CoreWeave Slides on Debt; TSMC Moves on Outlook | Stock Movers

On this episode of Stock Movers: - CoreWeave (CRWV) shares are continuing their slide amid a major issue with their debt. CoreWeave's debt has weakened in recent months, with credit-default swaps pricing in a more than 50% chance of default within the next five years, and the company's bonds now yield 15% a level that is practically unheard of in the primary market for new debt. - Taiwan Semiconductor Manufacturing (TSMC) shares are moving after it delivered a better-than-expected revenue outlook, projecting sales of as much as $54.3 billion in the December quarter. Still, the company's upbeat projection failed to stem a global tech stock rout. - RocketLab (RKLB) is falling as it delayed the debut of its Neutron rocket, pushing the vehicle's first flight to 2027. CEO Peter Beck said the company won't rush to the pad with unnecessary risk, and that development programs like Neutron have their challenges.

Read more: CoreWeave Slides on Debt; TSMC Moves on Outlook | Stock Movers
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Financial

Anthropic Urged to Pause IPO for AI Safety by NYC Comptroller

Anthropic should pause its initial public offering until it has fully addressed risks around artificial intelligence, according to New York City's comptroller. A letter from Mark Levine addressed to Anthropic Chief Executive Officer Dario Amodei on Wednesday suggested the Claude developer should instead focus on addressing the unprecedented risks of the technology. Ed Ludlow reports on Bloomberg Television.

Read more: Anthropic Urged to Pause IPO for AI Safety by NYC Comptroller
Bloomberg
Financial

Ukraine to Resume Russia Refinery Strikes, Defying Trump

Ukrainian President Volodymyr Zelenskyy has ordered attacks on Russian oil refineries to resume, ending a three-day pause on strikes in response to US President Donald Trump's call last week for an "energy ceasefire." Moscow has continued attacking Ukrainian energy infrastructure and civilian targets over the last few days leading to a mounting death toll. Tony Halpin reports on Bloomberg Television.

Read more: Ukraine to Resume Russia Refinery Strikes, Defying Trump
Bloomberg
Financial

Healey Says Budget Will Protect UK Economic 'Resilience'

Chancellor of the Exchequer John Healey discusses the International Monetary Fund's comments that the UK is the "country that basically stands out" for plotting a path to bring down borrowing. Speaking to Bloomberg's Lisa Abramowicz in Bangkok, Healey also discusses the importance of banks to the British economy, declining to comment on potential tax measures in the government's Oct. 28 budget. (Corrects spelling of guest's name in headline.)

Read more: Healey Says Budget Will Protect UK Economic 'Resilience'