PodcastThe World in Brief from The EconomistOctober 23, 2026
Tech stocks wobble; Russia and Ukraine exchange attacks, and more
Investors grew uneasy about AI companies' mounting capital expenditure and debt, dragging tech stocks and the Nasdaq lower.
- Tech selloff deepens: Meta shares fell 7% after guiding capex to $135B-$145B for the year despite revenue growth; Nasdaq 100 dropped nearly 3% on AI debt worries.
- Putin-Witkoff meeting: Putin agreed "in principle" to American-brokered peace talks in November after meeting Steve Witkoff in St. Petersburg; Zelensky backed the idea, but Russia-Ukraine attacks continued.
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