According to AMC, its Taylor Swift viewing parties were “a record-setting, box office smash hit,” as the “cinematic experience” for the release of Taylor Swift’s “The Life of a Showgirl” grossed more than $50 million. AMC’s stock spiked briefly on the news before closing lower. It’s worth noting that not only does Taylor Swift have the power to move AMC stock, but her net worth, estimated at $2.1 billion, actually exceeds AMC’s market cap, which is around $1.5 billion. 

The S&P 500, Nasdaq 100, and Russell 2000 all retreated from Monday’s highs to finish lower on Tuesday. It was a defense-on day, as utilities and consumer staples were the best-performing sector ETFs. Amazon was the only Magnificent 7 company to finish higher.

You buy Nvidia’s flagship chips because they’re supposed to be best in class, empowering you to build better AI capabilities or make lots of money off other companies that want to harness the power of the AI boom.

Not quite, per a report from The Information, which revealed that in the three months that ended in August, Oracle lost almost $100 million renting Nvidia’s Blackwell chips.

In a reversal of how OpenAI’s deal with AMD buoyed the AI trade on Monday, this news sparked a broad-based retreat. 

On one hand, this isn’t great news: if you buy a money printer from Nvidia, you expect it to print some dang money, and you can be certain that investors haven’t run up the price of these AI assets just to eventually squeak out a 14% gross profit margin. But on the other hand, it’s still the very early days, and it does take time to actually get these chips set up and going forward as a business, and early costs are far from an indication of future problems with the bottom line. 

As of 9/30/25 the Nasdaq-100^® has returned 17.5% YTD. Over the trailing 3-YR and 5-YR periods, the index has returned annualized returns of 31.0% and 16.7%, respectively.¹

Get to know the index that some of the most innovative large cap companies in the world, including the Magnificent Seven, call home. 

When you think of the New York Stock Exchange, you might think of the famous Charging Bull statue or an image of a wild-haired trader on the floor, yelling buy and sell orders (though of course almost all trades have been done electronically for quite a while). What you don’t think of is a place where the outcome of Sunday’s NFL matches matters. But the parent company of the NYSE, Intercontinental Exchange, is thinking about the future of futures and announced a $2 billion investment into prediction market Polymarket on Tuesday. 

Right now, Polymarket is barred from business in the US, so the initial scope of the deal focuses on ICE becoming the distributor of the data produced by Polymarket’s predictions business. But Polymarket is expected to begin offering trading in the US again soon, and that has big implications:

Bloomberg’s Matt Levine also has this new deal on his mind, and wrote in his Money Stuff newsletter, “Financial markets and sports gambling are merging, and some big financial firms now go around acting like there is no difference between them.” He added that we shouldn’t be surprised, as ultimately “the purpose of the New York Stock Exchange is to give you the bets you want,” whether that’s betting that stock X will go up or that team Y will win the big game. 

At long last, Tesla finally unveiled its new, cheaper Model Y, the more affordable car that the company has been promising for years. The stripped-down Model Y, dubbed “Standard,” comes with a price tag of $39,990, 11% cheaper than the previous base-level Model Y offered by the EV maker. Tesla also unveiled a “Standard” Model 3.

What the Standard models lack