Archive snapshot · Business
Wed, Oct 7, 8:01 PM ET
Samsung posts record Q3 operating profit above 100 trillion won on AI memory demand
Samsung's first-ever quarterly operating profit above 100 trillion won underscores how AI memory demand, including HBM, is driving record earnings for the world
CNBC · +13 outlets
SpaceX seeks $40 billion financing to buy Nvidia GPUs; credit risk jumps on borrowing spree
Apollo and banks are in talks to finance a record GPU purchase, while the cost of insuring SpaceX debt jumped after reports of the $40 billion raise.
Ft · +13 outlets
Fed minutes signal another rate hike this year, but no urgency for an October move
Officials viewed September's hike as insurance against sticky inflation and saw no appetite for a series of increases, according to minutes of the Sept. 15-16 m
CNBC · +14 outlets
Wall Street ends lower as Treasury yields climb to multi-decade highs
Surging long-dated Treasury yields, with the 30-year hitting its highest since 2002, pulled stocks off record highs and weighed on global markets.
Reuters · +14 outlets
Skydance begins post-merger era: $6 billion in cost cuts, Bobby Kotick joins board
David Ellison's Paramount-Warner Bros. combination closed its $111 billion deal and is now targeting deep cost savings while reshaping the studio's leadership.
Game Developer · +7 outlets
Anthropic launches third Claude 5.5 model ahead of planned Nasdaq IPO
Anthropic is expanding its model lineup before an IPO reportedly slated for before Thanksgiving, while filings disclose CEO Dario Amodei's $18 million 2025 pay.
CNBC · +10 outlets
Microsoft unveils agentic AI Windows and $2,599 Surface Laptop Ultra with Nvidia chip
Microsoft is positioning Windows as a local home for AI agents and selling a new high-end laptop powered by Nvidia's RTX Spark chip.
CNBC · +14 outlets
Amazon cuts jobs across seller support, engineering and customer service
The fresh layoffs come as Amazon reshapes costs around AI investment; the company also disclosed customer inference profiles and signed on to a possible FCC spe
Business Insider · +14 outlets
FCC to vote on auctioning 25MHz of prime spectrum seen benefiting SpaceX and Amazon
The auction would cover direct-to-device satellite services, and the FCC separately approved 15,000 more Starlink satellites while waiving a ground-carrier leas
CNBC · +3 outlets
New York Fed survey shows inflation fears at highest since May 2023
Consumers' median one-year inflation outlook rose to 3.9% as affordability concerns deepened, adding to the case for Fed caution.
CNBC · +14 outlets
OpenAI publishes solutions to more than 370 open math problems, dividing mathematicians
The release ignited debate over AI's role in mathematical research, with some researchers calling it transformative and others an assault on the field.
Fortune · +1 outlets
Trump orders red-dyed diesel tax deferral as fuel prices pressure midterms
Economists say the order merely defers a 24.4-cent federal tax without adding supply, a risk for farmers and truckers facing elevated diesel costs.
Fortune · +13 outlets
Congressional panel finds Webull's China ties pose national security risk; stock drops 18%
The committee alleges the trading platform exposes customer data to Chinese surveillance risk, contradicting its claims of being an ordinary U.S. company.
CNBC · +8 outlets
10-year Treasury yield retreats from 24-year high after solid auction
Strong demand at the 10-year note sale eased fears of a buyers' strike, though European government bonds stayed under pressure.
CNBC · +9 outlets
IEA members agree to prioritize diesel stock releases; oil prices fall
Coordinated diesel releases and Iran's stepped-up tanker attacks in the Strait of Hormuz have kept oil markets volatile, with supertanker charter rates at ten t
CNBC · +14 outlets
India's central bank hikes rates for the first time since 2023
The RBI move came as inflation risks build, with HSBC and Goldman Sachs expecting another hike in December.
CNBC · +13 outlets
Google ordered to halt work on two data centers in Finland
Finland has become a key data-center hub during the AI boom, making the pause on two projects a notable setback for the country's build-out.
CNBC
Levi Strauss lifts profit guidance on tariff refunds but trims sales outlook
The denim maker beat expectations while acknowledging weaker-than-hoped demand, leaving its revenue forecast less optimistic.
CNBC · +1 outlets

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