News · Yahoo Finance

Anthropic IPO Coming, So Are "Mag 7" Q3 Reports

Anthropic, the parent of Claude AI, has filed for an IPO to trade on Nasdaq under the ticker ANT, with Goldman Sachs and Morgan Stanley as underwriters; the first S-1 has no valuation or offering size yet, but estimates put market cap around $1.5 trillion, perhaps as high as $2 trillion. This week, the Personal Consumption Expenditures (PCE) report due Thursday is expected to show September inflation at +3.7% on headline and +3.1% on core, above the prior +3.4% and +3.0%. The Fed's two-day FOMC meeting concludes Wednesday, with no move expected and the rate range holding at 3.75–4.00% after September's 25 basis-point hike. Microsoft and Alphabet report Wednesday after the close and Amazon on Thursday afternoon; Verizon beat bottom-line estimates with EPS of $1.31 on slightly weaker-than-expected revenue of $34.31 billion, while Alliance Resource Partners posted EPS of $1.10 against $0.82 expected.

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