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- JPMorgan Chase is Delving Further Into National Security With $5 Billion Push
JPMorgan Chase has invested more than $5 billion in companies supporting U.S. national security and industrial capacity, roughly half its planned decade-long budget in the program's first year. Co-President Doug Petno told CNBC the pace could lead the bank to expand its original $10 billion commitment. Two known recipients are Hadrian, where JPMorgan helped lead a $1.4 billion round, and Castelion, where it joined a round of about $1 billion; those figures are total round sizes, not JPMorgan's own contributions. The bank also says it has financed and facilitated more than $230 billion for industries covered by the initiative, a figure separate from its direct investments.
- Eric Schmidt’s 1% Anthropic stake sets up massive windfall ahead of IPO -Bloomberg
Former Google CEO Eric Schmidt holds about 1% of Anthropic after investing tens of millions of dollars in its Series A round, and is poised to reap one of the largest individual windfalls from the AI startup's upcoming IPO. According to PitchBook data cited by Bloomberg, Anthropic was valued at $461 million when Schmidt invested in 2021, while prospective public valuations of $1.8 trillion to $2 trillion would be more than 4,300 times that Series A baseline. At the upper end of that range, his stake could lift his net worth by roughly one-third to nearly $80 billion. Anthropic is expected to begin formal marketing for its IPO as early as the week of Nov. 9, and aims to match or surpass SpaceX's record $1.77 trillion IPO completed in June.
- Bank of America Has Cut Its Share Count by Nearly a Third in 10 Years. $10,000 Invested Then Is Worth About $40,000 Now.
Bank of America, with $3.4 trillion in total assets, is the second-largest U.S. financial services institution; it bought back $6 billion of stock in the third quarter and $19.2 billion so far in 2026. Its outstanding share count has fallen 32% over 10 years, contributing to a 122% rise in diluted EPS. A total return of 304% through Oct. 16 would have turned $10,000 into about $40,400, below the $42,800 that the overall stock market's 328% total return would have produced. The article notes the shares trade 19% below their peak, at a P/E of 12.5 versus a 10-year average of 13.1.
- Coeur Mining (CDE) Stock Looks Undervalued Despite Recent Market Pressure
Coeur Mining has posted a very large gain over three years, but its share price has pulled back sharply in recent months while gold and silver prices have been relatively steady. The article attributes the pressure to rising treasury yields and a planned merger that may reshape production and cost profiles. It states the shares, around US$15.33, trade on a P/E of 18.5x, close to the metals and mining industry average of 18.6x and the peer group's 19.9x, and that the Fair Ratio points to the current multiple as undervalued. The piece also outlines scenarios for the company's growth, margins and earnings that readers can compare with the current price.
- Did Foundry Win Just Shift Intel (INTC) Investment Narrative?
Intel disclosed details of its GPU D-series for high-memory AI inference and Xeon-based racks for agentic AI workloads, and confirmed Tesla as a future 14A foundry customer, alongside deeper software distribution ties with Anaconda. The article argues the Tesla deal links Intel's heavy fab and packaging spending to concrete, workload-specific demand. Analyst consensus expects revenue to grow 16.5% a year over the next three years, with profit margin rising from -19.8% today to 24.2%, and earnings from a loss of US$11.3b to US$21.8b by 2029, though estimates range from US$8.8b to US$38.1b. The analyst target of US$116.37 sits close to the current price of about US$115.93. The piece stresses execution risk, as Intel Foundry is still loss-making and breakeven has been pushed out.
- Trump faces bipartisan backlash over waiving Russia sanctions
President Trump drew bipartisan criticism after waiving new Russia sanctions two days before they were due to take effect, through an executive order issued on Friday. The Graham Act, signed on Sept. 18, lets him waive the restrictions if he certifies to Congress that doing so serves US national interests. The waiver came a week after he eased sanctions on Russia's energy sector and announced a deal to import diesel: 300,000 tons, about 2.2 million barrels, against US daily use of 4.1 million barrels. Republican senators Thom Tillis and John Cornyn, Representative Don Bacon, and Democrat Gregory Meeks called the move irresponsible or a boost for Putin. Experts say the diesel deal will not offset oil supply disruptions from the Iran war.
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