OpenAI employee arrested over recording device found in company office
A Saudi OpenAI employee was arrested after a concealed recording device was found behind a TV in a conference room, adding to scrutiny of the AI lab's internal
Business Insider · +14 outlets
Chip stocks post worst stretch in 16 months as AI fatigue grips markets
Broadcom's 'casino' warning about AI investing and CXMT's memory-chip progress drove a global semiconductor selloff, hitting Samsung, SK Hynix and Micron.
MarketWatch · +8 outlets
Bank of America fined $1.2B by Treasury over money-laundering failures
The penalty, tied to roughly $5B in unflagged suspicious transactions, landed a day before the bank reported quarterly earnings.
Ft · +14 outlets
Kroger to cut 3,000 corporate jobs in largest layoffs in its history
The grocery giant is restructuring around faster decisions and AI as it loses ground to Walmart, Costco and Aldi.
International Business Times, Singapore · +14 outlets
Goldman Sachs beats profit estimates on equities trading strength
Goldman's results led a strong batch of Wall Street bank earnings, though dealmaking showed pockets of softness.
Reuters · +14 outlets
Big banks post strong Q3 profits but warn higher rates and inflation could bite
Bank earnings broadly beat expectations, yet executives flagged slowing deal activity and pressure from elevated interest rates.
Scranton Times-Tribune · +14 outlets
Anthropic to disclose new revenue numbers as AI lab financials take center stage
Anthropic will share updated financials with investors at its headquarters, a signal of how central AI lab economics have become to the tech trade.
CNBC · +14 outlets
IMF warns AI is hitting global labor market like a 'slow-moving tsunami'
The IMF and World Bank urged crisis-era employment support as AI displaces young workers, even as the fund raised its 2026 growth forecast to 3.1%.
CNBC · +14 outlets
Applied Materials unveils $5B AI chip R&D center with Intel, Micron, Samsung
The EPIC facility aims to halve chip development time and bolster Silicon Valley's semiconductor manufacturing edge.
Fortune · +7 outlets
JPMorgan blocks outside AI agents from directly accessing customer accounts
CEO Jamie Dimon warned of rogue AI agents operating at scale as the bank builds defensive tools, and JPMorgan's Q3 results missed estimates.
CNBC · +13 outlets
Samsung expects operating profit to top $80B for the first time
The guidance underscores Samsung's recovery in memory chips and broader AI-driven demand for hardware.
WSJ · +13 outlets
Saudi Aramco HQ attacked in suspected Houthi strike; Riyadh airport hit
Iran-backed militants struck Saudi targets as 24 vessels were hit in the Strait of Hormuz in two weeks, disrupting aviation and shipping.
Ft · +13 outlets
Anthropic asks D.C. court to rehear appeal of Pentagon blacklisting
The AI lab is contesting the Pentagon's exclusion of its models from government use, a case with broad implications for AI procurement.
CNBC · +11 outlets
Walmart to cover GLP-1s, inhalers and insulin for employees at no cost
The retailer will offer Novo's Ozempic and Lilly's Mounjaro free for employees with Type 2 diabetes after prior authorization.
CNBC · +11 outlets
Apple releases HomeView smart home hub with Siri AI showcase
The launch, alongside a new Apple TV 4K and HomePod Mini, marks Apple's push into the smart home market.
CNBC · +13 outlets
IMF warns bond yields could see 'disorderly' spike as debt risks worsen
The fund flagged deteriorating government bond market risks even as investors pour record sums into Treasury funds at multi-decade-high yields.
CNBC · +11 outlets
UnitedHealth raises outlook again as medical costs stay under control
The insurer reported an 88.4% medical-cost ratio and a 52% jump in quarterly operating profit.
MarketWatch
Citi profit tops estimates on investment banking, services and wealth revenue
Citigroup beat expectations by $0.20 per share, though its CFO said Wall Street's deal frenzy is cooling after a record first half.
Reuters