Tech Stocks Slide as AI Debt Fears Hand the Nasdaq Its Worst Week Since June
The Nasdaq fell 2.1% on Oct. 16, ending its worst week since June as chip and AI cloud stocks slid on debt and yield worries. The numbers and what is next.
Markets
Markets coverage from The Boston Report on stocks, IPOs, earnings and investor sentiment, with plain-language context for the moves. Not investment advice.
Proofpoint Agrees to Buy Varonis for $6.3 Billion in Bet on AI Data Security
Proofpoint will buy Varonis for $49.75 a share in cash, about $6.3 billion, closing in early 2027. Terms, premium, AI security context and reactions.
Paramount Warner Bros Merger Closes, Creating Skydance
Paramount Skydance closed its $110B Warner Bros Discovery takeover Oct. 6, forming Skydance (NYSE: SKYD). What it owns and what happens to HBO Max.
Schneider Electric PTC Deal: $22.6B Buyout of Boston Firm
Schneider Electric will buy Boston’s PTC for $205 a share, about $22.6B. Terms, the $700M break fee, market reaction and what it means for Boston.
Oura IPO Draws 4x Demand in $2.2B Nasdaq Push
Oura IPO demand hits about four times the shares on offer as the smart-ring maker markets up to $2.2 billion, with pricing eyed for Sept. 29 under OURA.
Brightline Bankruptcy Filing Aims to Cut Heavy Debt
Brightline bankruptcy filings for parent entities aim to cut heavy rail debt with $490 million in new financing while Miami–Orlando trains keep running.