Good morning NYC. Key highlights for 2026-11-10:
- Anthropic seeks to raise as much as $90.4 billion through IPO and private placement to become the first frontier AI lab to go public, with major investors including Nvidia, Alphabet, and Broadcom participating.
- Oil prices fell to 10-week lows after President Trump signaled further Iran strikes are unlikely, triggering a broad stock market rally while Treasury yields rose ahead of October inflation data.
- Jensen Huang faces FBI investigation over alleged Chinese spy connection, intensifying concerns about Nvidia's succession planning since the CEO has led the chipmaker for 33 years with no designated successor, causing Nvidia shares to diverge from the rising S&P 500.
- CoreWeave's junk bonds are yielding around 15% as cloud computing financing costs surge, threatening the economic viability of data center expansion plans critical to supporting AI infrastructure demand.
- U.S. unemployment fell to 4.1% on a massive jobs gain, while trading card market presents a $10B-$20B opportunity according to Mizuho, driven by nostalgia and diversification beyond traditional sports cards into Pokemon and Disney collectibles.