Nov 6, 2026 · 4 min listen · Last updated November 6, 2026
From storyflo. This is your daily audio brief. Mason. November 6th. Markets desk — five stories, watch the tape, ignore the noise. Let's get into it. First, from Bloomberg · Markets. Stock Market Selloff: What Correction, Crash and Other Trading Terms Mean.
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Daily Finance & Markets Brief · November 6th
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Affirm CEO Expects AI Shopping Agents to Favor Interest-Free Installments
Affirm CEO Max Levchin expects more purchases to be financed with interest-free installment loans as consumers delegate shopping to artificial intelligence agents. He said agents comparing payment options could steer shoppers toward loans that spread out the purchase price without adding interest. Those plans accounted for 28% of Affirm’s gross merchandise volume in the September […] The post Affirm CEO Expects AI Shopping Agents to Favor Interest-Free Installments appeared first on PYMNTS.com.
Anthropic IPO Faces $500 Billion Valuation Hit After Tech Stocks Plunge
The valuation or the timing of Anthropic’s planned initial public offering could be impacted by Thursday’s (Nov. 5) selloff of tech stocks, according to multiple media reports. The Wall Street Journal reported Thursday that three major investors who plan to participate in the IPO said Anthropic is unlikely to achieve the expected valuation of $1.5 […] The post Anthropic IPO Faces $500 Billion Valuation Hit After Tech Stocks Plunge appeared first on PYMNTS.com.
Backers want a lower price, the November timetable is in doubt, and executives and advisers are set to meet to review the deal... Major institutional backers are pushing Anthropic to cut the $1.5 trillion valuation it had been targeting for its IPO, and one suggested pricing could fall closer to $1 trillion, the Wall Street Journal reported Thursday, after the Nasdaq Composite lost $2.5 trillion of market value in a single session. Anthropic had aimed to raise up to $100 billion around the week before Thanksgiving, which would top SpaceX's June listing as the largest offering ever.
OpenAI Forms JPMorgan Partnership Ahead of 2027 IPO
OpenAI Co-Founder and President Greg Brockman said Wednesday (Nov. 4) that the company could be ready for an initial public offering in 2027 and that it has formed a strategic partnership with JPMorganChase to supply the bank with artificial intelligence services, The Wall Street Journal reported. Brockman made these comments at the WSJ Tech conference, […] The post OpenAI Forms JPMorgan Partnership Ahead of 2027 IPO appeared first on PYMNTS.com.
Thinking Machines Lab is closing in on a new $5 billion funding round at a $40 billion valuation
- Thinking Machines Lab is set to close a $5 billion round at a $40 billion valuation led by Accel. - The startup was founded by Mira Murati, OpenAI's former chief technology officer. - In the AI talent wars, TML has been losing key members of its founding teams to Meta and OpenAI AI startup Thinking Machines Lab is set to close a fresh round of funding as soon as this week. The startup is raising $5 billion at a $40 billion pre-money valuation, according to multiple sources familiar with the matter. Accel is leading the round, according to the sources.
The AI bubble popped on 6/22. The air came out slowly for months. Credit spreads on AI names widened for months. But we’ve now transitioned to the liquidation/panic phase. Keep putting one foot in front of the other.
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