Markets
Where the money is moving, and what it means for the choices in front of you.
Meta's free cash flow went negative. Its buybacks were already zero.
Meta spent $33.9 billion on capex in Q3, more than its operations brought in. Its own guide implies $49 to $59 billion more in Q4, with buybacks at zero.
New homes sell $35,400 under resales. Builders stopped replacing them.
The median new home sold $35,400 below the median resale in August as 43% of builders cut prices. September permits fell to their lowest since 2023.
T-bills or a savings account in 2026: what cash earns after tax
A 26-week Treasury bill yields 4.35%, Ally's savings 3.1% and the average savings account 0.37%. What each keeps after state tax, and when to pick which.
CoreWeave's debt yields 15%. Its income pays a quarter of the interest.
CoreWeave's 2032 bonds fell to 79.5 cents. Its own guide puts Q3 operating income at $200M to $260M against up to $940M of interest. Here is the gap in numbers.
Broadcom's CEO says capital limits AI. Broadcom lends $42B of it.
Hock Tan called AI investors gamblers. Broadcom backs $42B of Anthropic's chip debt and is lining up $50B for OpenAI, more than Lucent lent at its 2000 peak.
What mortgage-backed securities yield in 2026: rates, spreads, buyers
Agency MBS yielded 5.86% on 8 October 2026 while the 30-year mortgage hit 7.40%. The layers between the two, the spread, and who still buys the bonds.
Payrolls added 29,000. The pay squeeze is an energy bill.
September added 29,000 jobs and pay rose 3.0%, level with core inflation. Energy, up 16.3% in a year, is what puts US paychecks behind prices.
The 10-year hit 5.29%. Inflation bets added 12 basis points of it.
The 10-year Treasury rose 85 basis points in Q3 to a 2002 high. Treasury's own TIPS curve puts 73 of them on real yields and only 12 on inflation.
Consumer confidence hit a 12-year low. Diesel is up 75%.
The Conference Board index fell to 81.9, the lowest since 2014. Consumers named fuel. The Fed's September statement never uses the word energy.
Mortgage rates hit 6.76%. The MBS buyback bought 16 basis points.
Fannie and Freddie added $38B of agency bonds since December. The spread they target has gone sideways since January. The 10-year moved 99 points.