Refinitiv, citing four people, said Anthropic’s latest disclosure of slowing revenue growth has prompted some existing and prospective investors to reassess its IPO valuation. Some investors are discussing a valuation near $1.5 trillion, below prior market expectations of about $2 trillion.

Saxo Bank's Singapore chief investment strategist Charu Chanana said the Asian sell-off is less about a sudden deterioration in tech fundamentals than a re-pricing of the cost of capital. Investors are not questioning AI demand itself but are increasingly uncertain how much to pay for that growth with interest rates high, volatile and potentially headed higher.

Prudential Financial and TIAA surveys show US retirees are pulling back on discretionary spending: Prudential finds more than 60% of retirees with $500k+ in investable assets say they avoid spending on enjoyment, and a TIAA survey of 1,000 people found over half cite outliving savings as their top retirement worry. Respondents point to rising costs—particularly healthcare, which takes an increasing share of retiree budgets—and greater longevity. Social Security benefits may face a roughly 22% reduction within six years, adding uncertainty to retirement cashflow planning. Wealth advisers say some financial strategies and products can help ease retirees’ spending anxiety.