Samsung flags record $80 billion quarterly profit on AI chip demand, highest for any tech company
Samsung's preliminary results show AI-driven memory demand pushing its quarterly profit to a record level for any tech company.
Reuters · +13 outlets
Starbucks explored takeover of Chipotle in a restaurant megadeal, company says it remains focused on turnaround
A Starbucks-Chipotle combination would create a restaurant giant but would likely strain Starbucks' already elevated debt load.
CNBC · +13 outlets
SpaceX to buy nationwide spectrum portfolio, pressuring AT&T, Verizon and T-Mobile shares
The deal pushes SpaceX's Starlink deeper into the U.S. mobile market as a potential carrier rival to established telecoms.
CNBC · +14 outlets
Trump administration suspends green cards for Microsoft workers as Vance accuses firm of replacing laid-off staff
The visa suspension marks the White House's latest immigration crackdown and adds tension to a day when Microsoft's CEO received a national medal.
Fortune · +13 outlets
OpenAI's annualized revenue near $50 billion, well below the $70 billion widely reported
The revenue figure undershot expectations and briefly weighed on AI chip and infrastructure stocks, though analysts attributed the gap to reporting differences.
CNBC · +13 outlets
Treasury yields retreat from multiyear highs after strong 10-year auction as bond sell-off weighs on stocks
Rising yields and oil prices are pressuring equities, with some options traders now betting the bond rout is near a bottom.
CNBC · +15 outlets
PepsiCo cuts earnings forecast as North American turnaround lags, CEO warns non-growth units are out
PepsiCo's North American business continues to underperform its international markets, prompting a lowered outlook.
CNBC · +12 outlets
Skydance outlines merger goals with Paramount and Warner Bros. Discovery, targets $2 billion in first-year synergies
Skydance CEO David Ellison said the combined company is positioned to win across verticals, though the deal arrives with controversial board appointments and la
Stocktwits · +10 outlets
TCS posts weakest September-quarter growth in three years; net profit rises 15% to Rs 13,884 crore
The Indian IT services major announced a quarterly dividend even as revenue growth slowed to its weakest in three years.
Reuters · +7 outlets
Three fired OpenAI researchers say their dismissals will have a chilling effect on company culture
The former researchers disputed the grounds of their firings and warned current employees may now fear speaking up about safety risks.
Business Insider · +4 outlets
Trump says US will not attack Iran before midterm elections as talks with Tehran continue
The president described discussions with Tehran as productive as the Iran conflict keeps oil and gasoline prices elevated.
Ft · +13 outlets
HubSpot cuts about 600 jobs as CEO accelerates AI pivot
The layoffs at the software company reflect a broader shift in how software firms are restructuring around AI.
The American Bazaar · +2 outlets
Samsung's quarterly profit on AI boom tops Nvidia and Alphabet's record highs
Samsung's AI-driven earnings set a benchmark that surpasses prior records from Nvidia and Alphabet.
Korea JoongAng Daily · +14 outlets
Tariffs added 2.9 points to inflation across 67 goods categories, NY Fed finds
Researchers at the New York Federal Reserve attributed a large share of consumer goods inflation to tariffs through February 2026.
CNBC · +14 outlets
Revolut CEO says company favors a US primary listing for a potential IPO
The fintech's preference for a US listing marks a significant choice for one of Europe's most valuable private companies.
Hilton Head Island Packet · +12 outlets
Oil prices jump as Iran steps up tanker attacks and a hurricane threatens Gulf production
Crude benchmarks rose above $105 as supply risks from both geopolitics and weather compounded.
CNBC · +14 outlets
NFL tells Supreme Court that prediction markets are gambling and should be regulated by states
The league broke with other sports bodies in an amicus brief supporting New Jersey regulators in their fight against Kalshi.
CNBC · +1 outlets
Vance says US suspending permanent visa program for Microsoft; Nadella had awkward White House day
The vice president's remarks on foreign workers came hours after Microsoft's CEO received a national medal from Trump.
Business Insider · +1 outlets