Netflix replaces chief content officer Bela Bajaria with former Disney exec Peter Rice
The change comes as Netflix contends with a declining share price, slowing viewer engagement and investor pressure.
CNBC · +13 outlets
AI trade selloff deepens: chip stocks tumble as CoreWeave credit default swaps hit distress levels
Investors are souring on AI debt and infrastructure names, sending CoreWeave and data center bonds to stressed levels.
CNBC · +8 outlets
Anthropic revenue rises to $16.8B ahead of IPO, but growth slows and investors temper valuation
Slowing revenue growth and a crackdown on rivals copying Claude are weighing on IPO expectations.
Business Insider · +11 outlets
Eight states sue OpenAI, alleging ChatGPT harmed children and misled adults
The suits extend state scrutiny from social media to AI, following Meta's $18 billion child-safety settlement.
Fortune · +14 outlets
Wholesale prices jumped 6.3% annually in September, biggest gain since 2022
Hot producer-price data is fueling expectations the Fed may need to tighten further.
CNBC · +14 outlets
Samsung expects operating profit to exceed $80 billion for the first time
The guidance underscores how AI memory demand is reshaping the semiconductor landscape.
WSJ · +14 outlets
TSMC posts record quarter as Nvidia, Apple and Broadcom battle for tight chip capacity
TSMC can't make chips for everyone, making foundry capacity a fierce battleground for AI customers.
CNBC · +4 outlets
Investors dump data center bonds and Treasuries rally as AI borrowers face a 'Darwin moment'
Global chip stocks swung violently as fears grew over the sustainability of the AI boom.
Ft · +5 outlets
Apple and Meta partner to run Meta's Muse AI model locally on Mac computers
The collaboration makes Muse Spark Open easier to run on clustered Mac Studio systems.
CNBC · +14 outlets
KFC switches U.S. restaurants from PepsiCo to Coca-Cola for the first time in decades
The supplier change adds pressure on Pepsi as analysts grow more worried about its soda market share.
CNBC · +14 outlets
CoreWeave's polarizing stock rebounds as Wall Street squares off over AI spending
Views on CoreWeave are starkly divided as investors scrutinize the finances of large AI companies.
MarketWatch · +2 outlets
Anthropic taps nonprofits METR and SecureBio to assess AI risks and safety
It is the first time a frontier AI company has opened its doors to independent safety evaluators.
CNBC · +4 outlets
Treasury yields above 5% and a $2 trillion deficit become America's biggest economic challenge
High yields are raising borrowing costs for households and the federal government as debt exceeds $40 trillion.
CNBC · +14 outlets
Harvard endowment returns 27.1%, boosted by AI and SpaceX investments
The fiscal 2026 gain lifted total assets to $68 billion, the fund's strongest return since 2021.
Ft · +8 outlets
Jensen Huang breaks with Trump, makes the case for immigration
The Taiwan-born Nvidia CEO said the U.S. should welcome the world's great minds.
Business Insider · +12 outlets
Tesla plans next-generation Roadster reveal after almost a decade of delays
Musk first showed the Roadster concept in 2017, and Tesla has missed every delivery target since.
CNBC · +14 outlets
Nvidia and Cisco confirm multimillion-dollar donations to Trump's White House ballroom
Documents show Big Tech gave millions to the White House ballroom project.
CNBC · +1 outlets
US sues California over checking citizenship of mail voters ahead of midterms
The suit lands less than a month before the election that decides control of Congress.
CNBC