Welcome to Markets Desk, here's what's moving this hour.
Anthropic is telling investors its quarterly revenue has surged fifty percent to sixteen point eight billion dollars, a figure disclosed ahead of an expected IPO. The San Francisco presentations signal the company is preparing for a public listing, and that revenue trajectory will put serious pressure on valuations across the AI sector.
On the banking side of that same AI story, JPMorgan Chase is drawing a hard line. Jamie Dimon says the firm will not permit outside AI agents to directly access retail customer accounts, a pointed response coming just weeks after Meta launched its Muse assistant. Dimon is essentially telling the industry that the rails into customer data run through JPMorgan on JPMorgan's terms.
Meanwhile, coffee traders are pricing in a supply shock. Colombian production for the twenty twenty five to twenty twenty six crop year fell fifteen percent year over year to twelve point six five million bags, and markets responded immediately. December arabica closed up nearly two percent on Wednesday, with robusta following higher, reflecting the kind of weather and harvest risk that tends to compound through the season.
That's the tape. Markets Desk, signing off the floor.
