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- What this bankruptcy says about AI startups
- What this bankruptcy says about AI startups
- Trump's student loan overhaul could lead to more bankruptcy filings, former judge says
Former bankruptcy judge Sarah Sharer Curley, who presided over cases for nearly three decades, recounts in her new book a 73-year-old woman who in 2012 had a student loan balance of more than $584,000 dating back to the 1970s. She says strict bankruptcy laws make discharging student loans nearly impossible; in this case, the federal government would not agree to any settlement, so she could only credit seven years of public service, reducing the remaining repayment to three years. Curley argues the Education Department was gutted in 2025, leaving few if any staff who could approve debt modifications, which makes settlements harder to reach. Citing the Administrative Office of the U.S. Courts, she notes more than half a million personal bankruptcy cases were filed in 2025, an almost 50% rise from three years earlier. She stresses that many filers are not unemployed but live paycheck to paycheck, with job loss, chronic illness and rising medical or education costs among common causes.
- Tenstorrent raises $1.5 billion for AI compute
- Can AI hyperscalers afford to build the infrastructure to meet long-term demand?
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The U.S. housing market weakened further in September even as price pressures persisted, complicating the Federal Reserve's decisions on whether to raise interest rates. The 30-year mortgage rate was above 7% for most of September and ended the month around 7.6%, and could rise further if the Fed hikes short-term rates as expected. The National Association of Realtors' pending sales index fell 7.3% for the month and was 11.3% lower than a year earlier, an all-time low in records dating to 2001. Privately owned housing starts dropped 5.2% on a seasonally adjusted annualized basis, far worse than the expected 0.4% decline, while Goldman Sachs expects affordability pressures to dominate the housing market in 2027.
- Better Nuclear Energy Stock to Buy After the Sell-Off: Oklo vs. X-Energy
This article compares next-generation nuclear developers Oklo (OKLO) and X-Energy (XE) after their recent sell-offs. Oklo develops Aurora microreactors rated at 15 MWe to 75 MWe and expects to start deploying its first commercial reactors in 2027, with revenue projected to rise from less than $3 million in 2026 to $51 million in 2028. X-Energy sells Xe-100 small modular reactors, plans its first deployments in the early 2030s, and is projected to grow revenue from $212 million to $1.2 billion over 2026–2028. The author notes Oklo's $5.1 billion market cap equals 100 times its 2028 sales, versus 2.5 times for X-Energy's $3.0 billion market cap, and suggests X-Energy appears undervalued relative to its growth potential.
- Trump's FTC Subpoenas OpenAI and Anthropic. Inside the $500 Billion Threat Faced by Microsoft, Amazon, and Google
The U.S. Federal Trade Commission sent civil subpoenas to OpenAI and Anthropic on Oct. 15 as part of a consumer-protection probe, according to Axios. The demands seek documents on security incidents, safeguarding practices, marketing materials and privacy policies, and the FTC reportedly plans to have top AI executives testify. The combined stakes held by Microsoft, Amazon and Alphabet in the two labs total about $554 billion at recent valuations. The article argues the bigger financial risk lies in how the investigation could affect the price the labs fetch when they go public.
- Bitcoin's Next Move: Here's What to Watch
Bitcoin trades just below $83,000, above its 50-day EMA ($80,702.8) and 200-day EMA ($76,123.1), after total crypto market capitalization rose nearly 2% to $2.8 trillion on Tuesday. The RSI at 53.34 indicates neutral momentum with a slightly positive tilt. The nearest resistance is $87,371, which Bitcoin would need to close above on the daily chart to confirm a new upward move, while support sits at $80,433 and $76,140. The backdrop remains tense, with Brent crude near $110 a barrel amid attacks on tankers in the Strait of Hormuz and the Federal Reserve set to meet on Oct. 27–28.
- Strive closes $630M SATS IPO, leaves Bitcoin allocation unspecified
Strive, a Bitcoin treasury company led by chairman and CEO Matt Cole, closed its upsized IPO of SATS preferred stock on Oct. 20, raising $630 million gross by selling 7 million shares at $90 each. The company has not specified how much of the estimated $608.15 million in net proceeds will go to Bitcoin, though its SEC filing lists Bitcoin purchases among several possible uses. At an illustrative price of $82,500, full allocation would buy about 7,372 BTC, lifting holdings from 36,818 BTC to roughly 44,190 BTC, which would exceed Metaplanet's reported 44,000 BTC. SATS carry a 15% annual cumulative dividend on a $100 stated amount, payable when declared, with the first payments scheduled from Nov. 9.
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The 10-year Treasury yield is now over 5%, near its highest level in a quarter century, up from about 4% before the war with Iran began. Mortgage REITs AGNC (yield near 17%) and Annaly (over 16%) are among the most rate-sensitive because they borrow short-term to fund long-term investments, and both shares have fallen sharply. Coca-Cola (about 2.3%) is far less sensitive, with mostly long-term fixed-rate debt and pricing power, and its shares have risen more than 30% this year. Energy Transfer (about 6.7%) and Enterprise Products Partners (about 6.1%) have mixed sensitivity, partly offset by higher oil and gas prices. Realty Income (5.9%) and VICI Properties (about 7.9%) are less rate-sensitive than mortgage REITs, and Realty Income mitigates its impact through private capital partnerships.
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