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- U.S. Power Demand Is Set to Jump 20% by 2030. Here's What It Means for Energy Stocks.
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- Fusion startup Helion is developing new semiconductors that could double output of its power plants
Fusion startup Helion has received a $175 million federal award under the CHIPS Act from the Department of Commerce to research and manufacture advanced semiconductors and power electronics for its fusion plants. Such devices currently lose about 5% to 10% of the electricity passing through them, and CEO David Kirtley said halving that loss would double the fusion system's power output. The funding will support a new production line in Washington State and R&D with GlobalFoundries in Vermont, while Helion races to finish its Orion plant for a 2028 power deal with Microsoft. Kirtley acknowledged the R&D will not reach Orion in time but should improve later plants, and the company also announced a $50 million private investment, bringing total funding to more than $3.2 billion.
- Russia refuses to buy Chinese electricity despite delays in building Far East hydropower plants
Russian Deputy Energy Minister Pyotr Konyushenko told TASS that Russia has no plans to buy electricity from China. He said reverse power flow from China is not on the agenda and that the ministry considers such supply unfeasible, though it is technically possible since cross-border lines currently mainly carry power from Russia’s Far East to northeast China. Even if delays to Far East hydropower plants leave the region short of energy, he insisted Russia will solve the problem itself.
- Stocks higher by year-end: George Seay on where to deploy cash now
George Seay of Annandale Capital says the market is "tired" and that earnings will determine whether stocks can rally into year-end. He names the AI and energy stocks he likes, including Micron ($MU), Microsoft ($MSFT) and Antero Resources ($AR), and explains how he would split new cash today.
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- Moody's Rates Ripple's $2.6B RLUSD Stablecoin A2, a Day After OCC Bank Approval
Moody's assigned A2 long-term and P-1 short-term deposit ratings to Ripple USD (RLUSD), the dollar-backed stablecoin issued by Ripple subsidiary Standard Custody & Trust Company, citing reserves held mainly in short-term U.S. government assets and cash, with a 103% coverage target. Moody's noted that Standard Custody is not bankruptcy-remote and RLUSD holders have no direct ownership interest in the reserves, although the GENIUS Act, due to take effect in 2027, will exclude required reserves from an issuer's bankruptcy estate. The rating was requested by the issuer and came a day after final OCC approval for Ripple National Trust Bank, which will manage the reserves. Launched in 2024 with a market capitalization of about $2.6 billion, RLUSD is still a small share of a stablecoin market worth some $300 billion, and Ripple is pitching it to institutions.
- Morning Minute: Robinhood Misses, But Crypto Beats and Robinhood Chain Soars
Robinhood posted record revenue of $1.42 billion and EPS of $0.51, both slightly below expectations, while crypto revenue of $120 million beat forecasts, rising 20% from the prior quarter though still 55% below a year earlier. Trading volume reached $50 billion, while event contracts revenue rose to $173 million on a record 16.4 billion contracts traded. Robinhood Chain, launched July 1, generated more 30-day rolling fees than Ethereum or Base by late August, prompting management to say it will ramp up investment, and leading tokens in its ecosystem rose 20-50%. Across the market, major cryptocurrencies gained 2-4% ahead of the FOMC meeting with BTC at $81.3k, while bitcoin ETFs drew $176 million in net inflows.
- Morning Minute: Robinhood Misses, But Crypto Beats and Robinhood Chain Soars
Robinhood posted record revenue of $1.42 billion and EPS of $0.51, both slightly below expectations, while crypto revenue of $120 million beat forecasts, rising 20% from the prior quarter though still 55% below a year earlier. Trading volume reached $50 billion, while event contracts revenue rose to $173 million on a record 16.4 billion contracts traded. Robinhood Chain, launched July 1, generated more 30-day rolling fees than Ethereum or Base by late August, prompting management to say it will ramp up investment, and leading tokens in its ecosystem rose 20-50%. Across the market, major cryptocurrencies gained 2-4% ahead of the FOMC meeting with BTC at $81.3k, while bitcoin ETFs drew $176 million in net inflows.
- Foreign Investors Keep Selling FPT Shares, Still Holding Over 455 Million Shares
Foreign investors have net sold FPT for 8 straight sessions through October 28, dumping nearly 211 million shares worth 16,500 billion VND year to date, and still hold over 455 million shares. Foreign ownership has fallen below 27%, the lowest in years, leaving a record foreign room gap of over 22%. The stock closed at 54,000 VND, half its early-2025 peak, with market capitalization of about 100,000 billion VND. In the first 9 months of 2026, FPT reported revenue of 40,023 billion VND (up 12.4%) and pre-tax profit of 8,770 billion VND (up 17%), with the Technology segment contributing 89% of revenue and 58% of pre-tax profit. Overseas IT services revenue reached 28,538 billion VND (up 11.6%), and new contract bookings rose 23.1% to 36,137 billion VND.
- How Anthropic's IPO structure could become the AI blueprint
Alex Morris, CEO and CIO of F/m Investments, discussed with Yahoo Finance's Brooke DiPalma what Anthropic's IPO could mean for the broader AI landscape. He said the company's revenue is not where a multi-trillion-dollar company would be expected, but it is selling a promise of the future, and its filing discusses potential existential risks to humanity. Wall Street will focus on the new governance structure, in which seven people would have power to largely control and appoint the board of trustees, a setup he called novel despite Google's different voting rights. He also flagged financing risk, more for Nvidia than Meta, as Meta announced a $100 billion share sale to fund AI. He said Anthropic is very likely to be substantially oversubscribed.
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