MACRO & FED
Crypto Briefing
31 Oct 2026 · 19:15
Canadian dollar hits six-week high as oil prices boost inflation concerns
The Canadian dollar has extended its monthly gains, driven by the rise in oil prices, which has heightened concerns about inflation. Reuters reported that the loonie reached a six-week high of C$1.3955 per U.S. …
The Canadian dollar has extended its monthly gains, driven by the rise in oil prices, which has heightened concerns about inflation. Reuters reported that the loonie reached a six-week high of C$1.3955 per U.S. dollar, marking a 2% increase for the month. The rise in energy costs has contributed to broader inflationary pressures, which could prompt the Bank of Canada to consider further interest rate hikes. The central bank recently increased its policy rate by 25 basis points to 2.5%, citing energy prices as a significant factor in inflation risks.
Key Takeaways
Market activity suggests increased expectations that the Bank of Canada may raise interest rates further in December due to rising inflation risks.
The Canadian dollar’s strength, driven by higher oil prices, appears to support scenarios where the Bank of Canada could implement additional monetary tightening.
Current market pricing for the December interest rate decision indicates a notable shift toward a potential increase of 25 basis points.
What to Watch
Observers will be closely monitoring statements from the Bank of Canada, particularly from Governor Tiff Macklem and Senior Deputy Governor Carolyn Rogers, for indications on future policy directions. The upcoming CPI and employment reports could provide further evidence on inflationary trends, potentially influencing the Bank’s decision. Additionally, any developments in oil prices or global economic conditions could impact the market’s expectations for the December rate announcement.
MACRO & FED
NPR
31 Oct 2026 · 19:15
Is this how the great international borrowing spree ends?
Is this how the great international borrowing spree ends? toggle caption i Miguel Medina/AFP via Getty Images In recent months, there have been serious whispers about an outrageous possibility: that one day soon, France …
Is this how the great international borrowing spree ends?
toggle caption i Miguel Medina/AFP via Getty Images
In recent months, there have been serious whispers about an outrageous possibility: that one day soon, France — the seventh largest economy in the world — might not be able to pay back its debts. Right now, protesters in France are complaining about crumbling schools, the lack of teachers, and the overall high cost of living. But the government is struggling to find the money to address all the country's problems.
France is in a lot of debt. It has been borrowing record amounts of money. So have many other countries including the U.S., the U.K., Italy, Canada. For more than a decade, there has been an international borrowing spree going on. Now, as interest rates climb, that borrowing spree might have to come to an end. And the consequences could get ugly.
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This episode was hosted by Jeff Guo and Erika Beras. It was produced by Sam Yellowhorse Kesler and edited by Marianne McCune. It was fact-checked by Charlotte Isidore and Sierra Juarez. Jimmy Keeley and Travis Hagan engineered the show. Alex Goldmark is the executive producer of Planet Money.
Music: Universal Production Music - "Fou de toi," "Paysages," and "Un verre de sun"
CRYPTO
Crypto Briefing
31 Oct 2026 · 19:15
OpenAI cuts funding goal by $10B amid tech market concerns: FT
OpenAI has reportedly lowered its funding goal by $10 billion amid rising concerns over technology and market volatility, according to the Financial Times. The company, known for developing ChatGPT, is now seeking approximately $30 …
OpenAI has reportedly lowered its funding goal by $10 billion amid rising concerns over technology and market volatility, according to the Financial Times. The company, known for developing ChatGPT, is now seeking approximately $30 billion in new funding at a revised valuation of $1.25 trillion. This adjustment marks a significant reduction from the previously discussed $1.4 trillion valuation. The cut in funding goal comes as investor interest appears to be waning, influenced by apprehensions around debt-financed AI infrastructure and fluctuations in technology stocks. The funding is intended to serve as bridge capital ahead of a potential IPO, although the terms of the financing have not yet been finalized.
Key Takeaways
OpenAI appears to have reduced its funding goal by $10 billion, reflecting market apprehensions about the tech sector.
The revised valuation places OpenAI at $1.25 trillion, down from a previously discussed $1.4 trillion.
Market participants may view this development as consistent with scenarios where OpenAI’s financial stability is under scrutiny.
What to Watch
Market participants will be attentive to any announcements regarding OpenAI’s financing terms, as confirmation of a finalized deal could impact market perceptions. Observers might also look for indications of OpenAI’s strategic plans concerning an IPO, as this could influence investor sentiment and market pricing. Further developments in technology stock volatility and investor attitudes towards AI infrastructure spending could also play a significant role in shaping market expectations.
CRYPTO
Crypto Briefing
31 Oct 2026 · 18:30
Salesforce agrees to buy defense tech startup Rune for $375 million
The CRM giant is folding a battlefield logistics AI company into Missionforce, its growing national security unit Salesforce built its empire helping sales teams track leads. Now it wants to help the US military …
The CRM giant is folding a battlefield logistics AI company into Missionforce, its growing national security unit
Salesforce built its empire helping sales teams track leads. Now it wants to help the US military track ammunition, fuel, and food.
The company has agreed to acquire Rune Technologies, a Washington, D.C.-based startup that makes AI software for military logistics, for $375 million in cash and stock. Salesforce announced the deal on October 29, 2026.
The purchase is the clearest signal yet that Salesforce sees defense as a serious growth line, not a side project. Rune will become part of Missionforce, the business unit Salesforce set up to serve national security and defense agencies.
What Salesforce is actually buying
Rune’s core product is called TyrOS. It gives military planners adaptive decision support and predictive analytics, which in practice means forecasting what supplies units will need and helping manage logistics out in the field.
The distinguishing feature is that TyrOS is built to keep working when connectivity is limited. Most enterprise software assumes a reliable internet connection. A forward operating base does not offer that luxury.
TyrOS is not a prototype waiting for a customer. The software is already in use by both the US Army and the US Marine Corps, which gives Salesforce an installed base inside two military branches on day one.
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The deal is expected to close in the fourth quarter of Salesforce’s fiscal 2027, a period that ends January 31, 2027. Completion remains subject to customary approval conditions.
A young company with a familiar pedigree
Rune is a relatively new outfit. It was founded in 2024 by David Tuttle and Peter Goldsborough, both former executives at Anduril, the defense technology company that has become a reference point for venture-backed military startups.
The startup raised approximately $30 million from investors including Andreessen Horowitz and Point72 Ventures. Measured against that funding, a $375 million price tag represents a return of roughly a dozen times the capital raised, achieved in about two years.
Why Missionforce is the real story
Rune is the acquisition, but Missionforce is the strategy. Salesforce launched the unit in 2025, and it has reportedly posted 80% year-over-year growth since then.
Missionforce is also pursuing a $5.6 billion contract with the US Army. The Rune deal looks well timed against that backdrop: bringing in software the Army already uses could strengthen Salesforce’s pitch as it competes for larger work.
What to watch next: whether the deal closes on schedule within fiscal 2027, how Salesforce positions TyrOS inside Missionforce, and whether the company lands the $5.6 billion Army contract it is chasing.
CRYPTO
Biztoc.com
31 Oct 2026 · 18:30
Market drop wipes out more than a trillion dollars in value
As investors worry about massive spending on the A.I. buildout paying off, earnings reports drove markets down. NBC News’ Brian Cheung reports on what happened on Wall St. and the hack on crypto exchange …
As investors worry about massive spending on the A.I. buildout paying off, earnings reports drove markets down. NBC News’ Brian Cheung reports on what happened on Wall St. and the hack on crypto exchange Binance. As investors worry about massive spending on the A.I. buildout paying off, earnings reports drove markets down. NBC News Brian Cheung reports on what happened on Wall St. and the hack on crypto excha…
CRYPTO
Biztoc.com
31 Oct 2026 · 18:00
How Much Bitcoin Would You Need to Be a Millionaire if It Gets Back to Its Record High?
The post How Much Bitcoin Would You Need to Be a Millionaire if It Gets Back to Its Record High? appeared first on 24/7 Wall St.. Bitcoin (CRYPTO: BTC) holders would need about 7.9 …
The post How Much Bitcoin Would You Need to Be a Millionaire if It Gets Back to Its Record High? appeared first on 24/7 Wall St..
Bitcoin (CRYPTO: BTC) holders would need about 7.9 BTC to claim a million dollars if the price returns to its record high of $126… The post How Much Bitcoin Would You Need to Be a Millionaire if It Gets Back to Its Record High? appeared first on 24/7 Wall St..Bitcoin (CRYPTO: BTC) holders would need about 7.9 BTC to claim a mill…
CRYPTO
Crypto Briefing
31 Oct 2026 · 17:45
CoreWeave shares fall 10% on financing worries, tech sector selloff
CoreWeave shares experienced a 10% decline, attributed to concerns over financing and a broader selloff in technology stocks, according to Seeking Alpha. The Nvidia-backed AI cloud provider has been under scrutiny as investors reevaluate …
CoreWeave shares experienced a 10% decline, attributed to concerns over financing and a broader selloff in technology stocks, according to Seeking Alpha. The Nvidia-backed AI cloud provider has been under scrutiny as investors reevaluate its financial health, particularly in light of its significant debt load and the cost of expanding its data centers. This development comes as CoreWeave’s bonds continue to trade at distressed levels, indicating persistent apprehension among credit investors about the company’s leverage and refinancing risks.
Key Takeaways
The decline in CoreWeave’s shares appears consistent with increased concerns over financing and potential bankruptcy risks.
Market pricing suggests a heightened perception of credit risk, as evidenced by distressed bond yields.
This event may indicate broader sectoral pressures affecting technology stocks amid a general market selloff.
What to Watch
Key stakeholders such as CoreWeave’s CEO Michael Intrator, Nvidia, and major lenders will be closely monitored for any announcements regarding refinancing efforts or strategic partnerships that could alleviate financial pressures. Market participants will be attentive to any further deterioration in CoreWeave’s financial metrics or potential covenant breaches, which could indicate increased bankruptcy risk. Additionally, any new developments in CoreWeave’s negotiations for credit backing or asset sales could influence market sentiment and the perceived likelihood of a bankruptcy announcement by the end of 2027.
CRYPTO
Crypto Briefing
31 Oct 2026 · 17:15
DOJ seeks grand jury indictment against former FBI Director Comey
The U.S. Department of Justice is actively pursuing a grand jury indictment against former FBI Director James Comey, according to statements made by a federal prosecutor in court. The indictment relates to allegations that …
The U.S. Department of Justice is actively pursuing a grand jury indictment against former FBI Director James Comey, according to statements made by a federal prosecutor in court. The indictment relates to allegations that Comey directed the unauthorized sharing of secret national defense information. The legal proceedings continue as prosecutors present additional evidence to a grand jury, while Comey’s legal team is seeking dismissal of the case, arguing procedural issues. This development has sparked significant attention in prediction markets, particularly around scenarios involving potential legal actions against Comey.
Key Takeaways
The Justice Department’s active pursuit of an indictment against James Comey suggests increased momentum toward potential legal action.
Prediction markets have shown a noticeable increase in the probability of Comey’s arrest before 2027, reflecting the seriousness of the DOJ’s actions.
Legal challenges and the DOJ’s efforts to present further evidence could significantly influence market perceptions and probabilities.
What to Watch
Any forthcoming decisions from the grand jury regarding Comey’s indictment will be closely monitored. A decision to indict could lead to further shifts in market pricing, consistent with increased probabilities of arrest before 2027. Additionally, any legal maneuvers by Comey’s defense team that successfully delay or dismiss the case could alter market dynamics, impacting the odds of an arrest scenario. The legal proceedings and subsequent market reactions will be key indicators to watch in the coming months.
CRYPTO
Biztoc.com
31 Oct 2026 · 17:15
Does Crypto Belong in Your Brokerage Account?
Bitcoin ETPs have been on the market since January 2024, with investors now able to access crypto exposure through their brokerage accounts. In this conversation from the ETF Oasis at Future Proof, industry veteran …
Bitcoin ETPs have been on the market since January 2024, with investors now able to access crypto exposure through their brokerage accounts. In this conversation from the ETF Oasis at Future Proof, industry veteran Lara Crigger sits down with Sarah Cummings, … Bitcoin ETPs have been on the market since January 2024, with investors now able to access crypto exposure through their brokerage accounts. In this conversation from the ETF Oasis at Future Proof, i…
CRYPTO
Biztoc.com
31 Oct 2026 · 16:45
Solana Is 39% Away From Passing XRP by Market Value. Could It Happen by the End of 2026?
The post Solana Is 39% Away From Passing XRP by Market Value. Could It Happen by the End of 2026? appeared first on 24/7 Wall St.. Solana (CRYPTO: SOL) is just 38.6% away from …
The post Solana Is 39% Away From Passing XRP by Market Value. Could It Happen by the End of 2026? appeared first on 24/7 Wall St..
Solana (CRYPTO: SOL) is just 38.6% away from surpassing XRP (CRYPTO: XRP) in market value. At XRP’s current price, this figure h… The post Solana Is 39% Away From Passing XRP by Market Value. Could It Happen by the End of 2026? appeared first on 24/7 Wall St..Solana (CRYPTO: SOL) is just 38.6% away from surpassing XRP (CRYPTO: …