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THE MOAT as it stood at 29 October 2026, 21:18 Brussels time · Archive · Today’s page

Alphabet’s AI Risk Extends Beyond $1 Trillion, Filing Shows

Davey Alba / Bloomberg /

Also: The Guardian Google owner Alphabet loses $500bn in market value after profit disappoints Wall Street, MarketWatch Microsoft to raise up to $25 billion in bond market as investors get pickier about AI debt binge, Le Monde Google hit by the AI revolution it helped spark, Financial Times Alphabet shares tumble in $500bn rout · see all

In other languages: Cinco Días Microsoft se une la avalancha financiera de la IA con una emisión de deuda de 25.000 millones (es), Jornal de Negócios Alphabet apaga mais de 500 mil milhões de dólares após registar maior queda em bolsa de sempre (pt), Diario Financiero Las acciones de Alphabet se desploman post resultados y se traducen en una debacle de US$ 500.000 millones (es), Expansión (México) Por qué Google quiere que sigas usando su buscador en la era de los chatbots de IA (es), Le Figaro Google frappé au cœur de son modèle publicitaire par l’intégration du « mode IA » à son moteur de recherche (fr), Dagens industri Microsoft vill ta AI-lån på minst 25 miljarder dollar (sv), La Nación Google factura como nunca, pero en unas horas perdió US$500.000 millones en la Bolsa: la IA amplía y arruina su negocio (es), Valor Econômico Microsoft anuncia nova emissão de títulos de dívida e amplia onda de endividamento para IA (pt) · see all

  1. Google Erases a Record $500 Billion as AI Eats Into Sales

    Bloomberg /

  2. Microsoft Turns to Bond Market as AI Spending Grows

    Bloomberg /

  3. Press statement by Eurogroup President Kyriakos Pierrakakis following the announcement of the President of the European Central Bank, Christine Lagarde, to step down on 7 February 2027

    Council of the EU /

    Also: European Central Bank Christine Lagarde, Boris Vujčić: Monetary policy statement (with Q&A), Euronews ECB President Christine Lagarde to step down next February, months before her mandate ends, The Japan Times ECB President Lagarde resigns at time of mounting challenges for Europe, Bloomberg ECB Officials Are Ready to Raise Interest Rates in December, MercoPress Christine Lagarde to step down early as European Central Bank president in February, Le Monde ECB President Christine Lagarde to step down early, The Economist Christine Lagarde departs at a moment of peril, The Wall Street Journal Christine Lagarde to Resign Early as ECB President, Semafor European Central Bank chief Christine Lagarde to step down, POLITICO Europe Lagarde’s early exit Le Pen-proofs ECB as France veers toward a debt reckoning, The Guardian Europe’s central bank chief, Christine Lagarde, steps down for ‘freedom of speech’, Financial Times Christine Lagarde to step down as ECB president in February, The New York Times Christine Lagarde to Step Down as President of European Central Bank, The Globe and Mail Lagarde quits ECB early to speak on issues outside monetary policy · see all

    In other languages: Jornal de Negócios Lagarde sai para ter "liberdade de intervenção" e garante que não haverá decisões do BCE "no limbo" (pt), Der Standard EZB-Chefin Lagarde kündigt Rücktritt im Februar an, Leitzins bleibt stabil (de), The Korea Economic Daily (Hankyung) [속보] ECB 금리 동결, 예금금리 연 2.50% (ko), Estadão Christine Lagarde renuncia à presidência do Banco Central Europeu e deixará cargo em fevereiro (pt), Børsen Krise efter krise fik hun ECB til at stå sammen. Nu går Lagarde af (da), Handelsblatt Geldpolitik: EZB: Keine Zinserhöhung trotz steigender Inflation (de), NRC Lagarde treedt vervroegd terug als ECB-president. Gaat ze een rol spelen in de Franse campagne? (nl), Svenska Dagbladet Christine Lagarde avgår som ECB-chef (sv), Expansión Lagarde anuncia que deja la presidencia del BCE el 7 de febrero (es), Rzeczpospolita Szefowa Europejskiego Banku Centralnego odejdzie ze stanowiska (pl), Het Financieele Dagblad ECB-president Lagarde vertrekt in februari, voor het einde van haar termijn (nl), Süddeutsche Zeitung Finanzen: EZB-Präsidentin Lagarde wird im Februar vorzeitig abtreten (de), Diario Financiero La presidenta del BCE, Christine Lagarde, dimite y dejará el cargo el 7 de febrero (es), Der Spiegel Christine Lagarde: EZB-Chefin tritt vorzeitig zurück (de), Frankfurter Allgemeine Am 7. Februar 2027: EZB-Präsidentin Lagarde tritt im Februar vorzeitig zurück (de), Dagens Næringsliv Sentralbanksjef Christine Lagarde vil gå av før tiden (no), Dagens industri Bekräftat: ECB-chefen lämnar i förtid (sv), Le Temps Christine Lagarde, l’art du consensus à l’épreuve des crises (fr), Valor Econômico Christine Lagarde deixará presidência do BCE em fevereiro de 2027, oito meses antes do fim do mandato (pt), Asahi Shimbun 欧州中銀のラガルド総裁が来年2月退任へ フランス大統領選を懸念か (ja), Le Figaro Après le départ de Christine Lagarde, pourquoi la France est mal partie pour conserver la présidence de la BCE (fr) · see all

  4. DoorDash to Buy Instacart for $17 Billion, Uniting 2 Delivery Giants

    Emmy Martin and Lauren McCarthy / The New York Times /

    Also: The Globe and Mail DoorDash strikes $17-billion deal for rival Instacart as grocery delivery race heats up, Financial Times DoorDash to acquire Instacart for $17bn, The Guardian DoorDash to buy Instacart for $17bn in major grocery delivery consolidation, BBC DoorDash to buy Instacart in $17bn deal it says will expand customer options, Bloomberg DoorDash to Buy Rival Instacart in $17 Billion Deal · see all

    In other languages: Brazil Journal DoorDash compra Instacart por US$ 17 bilhões (pt), Handelsblatt Lieferdienste: US-Essenslieferant Doordash kauft Konkurrenten Instacart für 17 Milliarden Dollar (de), Valor Econômico DoorDash compra rival Instacart por US$ 17 bilhões (pt)

  5. Did the Fed make a mistake with its October rate pause? The Treasury could help save the day.

    Joy Wiltermuth / MarketWatch /

    Also: Bloomberg Investors May Have Bought All the AI Bonds They Can Handle, The Globe and Mail Microsoft plans to raise $25-billion in U.S. bond sale, source says

    In other languages: Handelsblatt Geldpolitik: US-Inflation bleibt hoch: Anleihemarkt preist bereits die nächste Zinserhöhung in den USA ein (de)

  6. Fed Holds Rates Steady Despite Lack of Progress on Inflation

    Colby Smith / The New York Times /

    Also: Financial Times The Fed plays for time (but doesn’t have much), MarketWatch The Fed held off on a rate hike. Today’s GDP and inflation reports could make waiting harder., Bloomberg Fed Can’t Beat Inflation Without Market Pain, Says Dawson, The Globe and Mail U.S. inflation heats up in September, supporting expectations of Fed rate hike, Financial Times Why did the Fed hold rates despite inflation? | FT #shorts, Semafor Fed holds rates steady despite dissents · see all

    In other languages: Valor Econômico Fed mantém juros apesar de aumento da inflação (pt), Portafolio Dólar en Colombia abre al alza este 29 de octubre impulsado por la decisión de la Reserva Federal sobre las tasas (es), Handelsblatt Preise: Wichtiges US-Inflationsmaß steigt – Druck auf Fed wächst (de), Jornal de Negócios Indicador de inflação preferido da Fed regista maior subida em cadeia dos últimos seis meses (pt) · see all

  7. New Jersey governor threatens to block delivery of Russian diesel cargoes

    Financial Times /

    In other languages: Valor Econômico Primeiro navio com diesel russo após acordo entre Putin e Trump segue para os EUA, diz agência (pt)

  8. Ukraine heads for first economic decline since 2022 as Russian strikes take their toll

    Dominic Culverwell / The Kyiv Independent /

    Also: Bloomberg Ukraine Economy to Shrink For the First Time Since Full-Scale War

  9. Intel signals slower growth as PC market remains under pressure

    Anhata Rooprai and Max A. Cherney / The Globe and Mail /

    Also: Bloomberg Intel Plunges After PC Slump and Supply Snags Hurt Its Outlook

  10. EU governments helpless as energy prices soar to four-year highs

    Ben Munster and Elena Giordano / POLITICO Europe /

  11. Why did Russia agree to the Oleshky ceasefire?

    Yuliia Taradiuk / The Kyiv Independent /

  12. Ottawa buys $1.6-billion stake in Cohere as AI firm’s valuation soars to $35.7-billion

    Murad Hemmadi and Joe Castaldo / The Globe and Mail /

    Also: Bloomberg Canada, Nvidia Back Cohere at Over $20 Billion Valuation

  13. Xi Jinping elevates general who led purge of China’s military

    Financial Times /

    Also: The Wall Street Journal China’s Xi Demands More Loyalty as Purges Trim Party Elite

  14. US offers Russia business deals to end Ukraine war

    Ben Aris / bne IntelliNews /

  15. Palisades nuclear plant will restart before end of year, Chris Wright says during visit to 'zombie reactor'

    Cody Combs / The National /

  16. Shell profits double to $10.8bn as Iran war pushes up margin on oil

    The Guardian /

    In other languages: Der Spiegel Shell und TotalEnergies: Europäische Ölkonzerne machen Milliardengewinne – im Quartal (de)

  17. UN says world can no longer avoid overshooting 1.5C, sets new emissions cuts

    Ben Aris / bne IntelliNews /

  18. Are data centers ready to pay double to unclog the grid?

    Catherine Boudreau / Latitude Media /

  19. Watch – The pipeline between US white supremacists and the SA right

    Rebecca Davis / Daily Maverick /

  20. Carney frames C$1.6B AI investment as national security imperative

    Mike Blanchfield / POLITICO Europe /

  21. Raizen Business Split Gives Shell Some Rights Over Fuel Unit

    Rachel Gamarski and Dayanne Sousa / Bloomberg /

  22. From ballot box to Just Energy Transition — participation without power

    Christopher Rutledge / Daily Maverick /

  23. ‘The $100 level is ours for awhile’: Oil won’t be getting cheap anytime soon, no matter what happens in the Gulf

    Myra P. Saefong / MarketWatch /

  24. “It has to touch the lives of people”: the Gates Foundation’s challenge to Africa’s AI builders

    Progress Godfrey / TechCabal /

Earlier today

  1. Federal Reserve issues FOMC statement

    Federal Reserve /

  2. Fed Will Hold Fewer Rate-Setting Meetings Starting Next Year

    Ben Casselman / The New York Times /

  3. Fed Holds Fire as Warsh Telegraphs More Hikes Without Saying It

    Andrew Ackerman / Bloomberg /

  4. U.K. Budget Ducks Hard Choices Amid Market Concerns Over Debt

    Chelsey Dulaney / The Wall Street Journal /

  5. European gas price crosses €100 for first time since 2022 as EU warns of new crisis

    Euronews /