Welcome to Markets Desk, here's what's moving the needle this hour.
Jensen Huang has resigned as Nvidia's chief executive following a Reuters report alleging a third extramarital relationship with a company employee. The departure marks a stunning fall for one of Silicon Valley's most celebrated executives, and markets will be watching closely for any signal on succession and whether this disrupts Nvidia's strategic direction heading into year end.
Meanwhile, the financial infrastructure around artificial intelligence is evolving fast. The Wall Street Journal reports that AI agents are now transacting autonomously using credit cards, with Stripe positioning itself as the backbone of this so-called agentic commerce. JPMorgan Chase is notably skeptical, raising real questions about fraud controls, liability, and how legacy banking rails handle machine-initiated spending at scale.
In the grain pits, Thursday was a rough session across the board. Chicago soft red winter wheat hit a nine-month low, falling as much as fifteen and a half cents. Kansas City hard red winter and Minneapolis spring wheat followed suit. Soybeans dropped eleven to fourteen and a half cents despite fresh export business, and corn settled near session lows, down as much as seven and a half cents, with ethanol demand offering little cushion.
That's the tape. Markets Desk, signing off the floor.
