{"id":"1793303930239-money-headlines","slug":"alphabet-caterpillar-slide-after-earnings","title":"Alphabet, Caterpillar slide after earnings","summary":"California High-Speed Rail Authority CEO Ian Choudri resigned abruptly on Oct. 28/29 after a state inspector general report found the agency paid nearly $600,000 in unallowable consultant travel expenses, including first-class flights and rides to nightclubs, gyms and cigar lounges.\n\nThe core claim is accurate: the California High-Speed Rail Authority's chief executive resigned after an inspector general found nearly $600,000 in improper consultant travel reimbursements.","publishedAt":"2026-10-29T19:58:50.239Z","channel":{"id":"money","name":"Oncast Money","language":"en"},"show":"Money Lunch","verification":{"status":"verified","leadVerdict":"TRUE","notes":"TRUE: California High-Speed Rail Authority CEO Ian Choudri resigned abruptly on Oct. 28/29 after a state inspector general report found the agency paid nearly $600,000 in unallowable consultant travel expenses, including first-class flights and rides to nightclubs, gyms and cigar lounges.\nSource: [calmatters.org](https://calmatters.org/politics/2026/10/california-high-speed-rail-ceo-resigns/) NAMES: California High-Speed Rail Authority = the state agency (https://x.com/Polymarket/status/2115888875671540019)\n\nTRUE: The core claim is accurate: the California High-Speed Rail Authority's chief executive resigned after an inspector general found nearly $600,000 in improper consultant travel reimbursements.\nSource: [calmatters.org](https://calmatters.org/politics/2026/10/california-high-speed-rail-ceo-resigns/) NAMES: NYT = The New York Times. (https://x.com/unusual_whales/status/2115893667399618925)","claims":[{"verdict":"TRUE","summary":"California High-Speed Rail Authority CEO Ian Choudri resigned abruptly on Oct. 28/29 after a state inspector general report found the agency paid nearly $600,000 in unallowable consultant travel expenses, including first-class flights and rides to nightclubs, gyms and cigar lounges.","sourceName":"[calmatters.org](https://calmatters.org/politics/2026/10/california-high-speed-rail-ceo-resigns/) NAMES: California High-Speed Rail Authority = the state agency","sourceUrl":"https://x.com/Polymarket/status/2115888875671540019","claim":"BREAKING: California's high-speed rail chief abruptly resigns after investigation found the agency misused nearly $600,000 in taxpayer funds on consultants' travel expenses.","author":"@Polymarket"},{"verdict":"TRUE","summary":"The core claim is accurate: the California High-Speed Rail Authority's chief executive resigned after an inspector general found nearly $600,000 in improper consultant travel reimbursements.","sourceName":"[calmatters.org](https://calmatters.org/politics/2026/10/california-high-speed-rail-ceo-resigns/) NAMES: NYT = The New York Times.","sourceUrl":"https://x.com/unusual_whales/status/2115893667399618925","claim":"BREAKING: The chief executive of California’s High-Speed Rail Authority has abruptly resigned after a recent state report that found that the agency had misused nearly $600,000 to pay for the travel of consultants, per NYT","author":"@unusual_whales"}]},"sources":[{"url":"https://x.com/Polymarket/status/2115888875671540019","name":"[calmatters.org](https://calmatters.org/politics/2026/10/california-high-speed-rail-ceo-resigns/) NAMES: California High-Speed Rail Authority = the state agency","kind":"x","verdict":"TRUE","author":"@Polymarket"},{"url":"https://x.com/unusual_whales/status/2115893667399618925","name":"[calmatters.org](https://calmatters.org/politics/2026/10/california-high-speed-rail-ceo-resigns/) NAMES: NYT = The New York Times.","kind":"x","verdict":"TRUE","author":"@unusual_whales"}],"url":"https://oncast.fm/story/1793303930239-money-headlines-alphabet-caterpillar-slide-after-earnings","listenUrl":"https://oncast.fm/c/money","attribution":{"publisher":"Oncast","site":"https://oncast.fm","url":"https://oncast.fm/story/1793303930239-money-headlines-alphabet-caterpillar-slide-after-earnings","cite":"Cite https://oncast.fm/story/1793303930239-money-headlines-alphabet-caterpillar-slide-after-earnings and the original source links. Fact-check by Oncast (oncast.fm)."},"hostsSaid":[{"host":"Adam","text":"Market Wire. Thursday afternoon, here's the money rundown."},{"host":"Bill","text":"Stocks are under pressure: the S&P 500 is headed for its first down day in four sessions."},{"host":"Adam","text":"Alphabet and Caterpillar are sliding after earnings — Google down almost 12 percent."},{"host":"Bill","text":"Fortinet's off 21 percent. Semis and software having a rough afternoon."},{"host":"Bill","text":"And Amazon reports later today. JPMorgan's preview says the stock has been one of the most frustrating for big investors this year."},{"host":"Adam","text":"But the note thinks Wall Street is way too low on 2027 cloud revenue."},{"host":"Bill","text":"Comically too low, they said. We'll see what the numbers say."},{"host":"Adam","text":"In California, the High-Speed Rail Authority's chief executive resigned abruptly after a state report found nearly 600,000 dollars in improper consultant travel."},{"host":"Bill","text":"First-class flights, rides to nightclubs, gyms, cigar lounges. Taxpayer money."},{"host":"Adam","text":"That's your Market Wire. More on the next break."}]}