Market Update: Nov 9 - United States (5 stories)

Here is your Weekly summary for Business & Finance across United States for Mon 3rd November - Sun 9th November 2025

A consortium of around 20 banks has committed $18 billion to finance a data center project linked to Oracle Corp. in New Mexico, underscoring the escalating financial backing for the artificial intelligence sector. This significant investment highlights the growing demand for data infrastructure as AI technologies proliferate.

In Singapore, shares of Singtel surged to their highest levels since 1993, driven by investor enthusiasm for the company's potential expansion into the lucrative data center market. This optimism reflects a broader trend of telecommunications firms diversifying into tech-driven sectors.

Meanwhile, a jury has declared a mistrial in the fraud case against two MIT graduates accused of stealing $25 million in cryptocurrency, leaving the outcome uncertain for the defendants. In regulatory news, Federal Reserve Governor Stephen Miran indicated that the rise of stablecoins could exert downward pressure on interest rates, potentially reshaping monetary policy dynamics in the future.