Tesla beats on Q3 earnings, sales as auto revenue declines and Musk floats SpaceX merger
Tesla topped estimates but posted flat revenue and a 56% drop in operating income as AI and R&D costs climbed, while Elon Musk set a lower sales target and rais
CNBC · +13 outlets
SpaceX Q3 profit and revenue surge lift AI stocks and Wall Street as Musk hints at Tesla tie-up
SpaceX's stronger-than-expected quarterly results boosted tech and AI sentiment across markets and sent its own shares up about 10% on Musk's merger comments.
CNBC · +13 outlets
Meta Q3 revenue surges to $64.6B but AI spending and legal charges pressure profit
Meta exceeded revenue estimates with capex nearly doubling year over year, and Zuckerberg said the Muse AI assistant and Reality Labs remain highly unprofitable
Fortune · +10 outlets
AI-assisted discovery of major PHP flaw triggers urgent global patching effort
Researchers using OpenAI and Google models found severe faults in software powering much of the web, and Amazon warns the flaws are already being broadly exploi
Business Insider · +6 outlets
Meta to pay $25B penalty in New Mexico Cambridge Analytica case
The penalty, potentially the largest in Meta's history, stems from the Cambridge Analytica data scandal litigated by New Mexico.
CNBC · +14 outlets
Anthropic launches Claude Duet, a proactive personal AI agent to rival Meta and OpenAI
The agent runs in the background, surfaces tasks, and handles work, intensifying competition in the personal AI assistant market.
Business Insider · +4 outlets
Netflix stock sinks to multi-year low as soft Q4 outlook sparks wave of price target cuts
Wall Street trimmed Netflix targets after the streamer's weak fourth-quarter revenue forecast and exec shuffle overshadowed third-quarter results.
24/7 Wall St. · +13 outlets
Zuckerberg stays in California after Meta creates new non-voting stock class
Meta established a new class of shares to let Zuckerberg sell stock without diluting his control, keeping him in the state despite a proposed billionaire tax.
Business Insider · +12 outlets
IBM beats on top and bottom lines as CEO Krishna touts AI traction
IBM's results topped estimates, with CEO Arvind Krishna pointing to the company's role helping clients with artificial intelligence.
CNBC · +1 outlets
CoreWeave confidence erodes as bond yields spike and stock slumps
CoreWeave shares are down 29% in October and its credit default swap spreads are widening, raising questions about the AI cloud provider's financing.
CNBC · +1 outlets
eBay to cut 9% of workforce in second layoff round this year
The roughly 1,000 job cuts come as eBay says it is focusing on its top strategic priorities.
CNBC · +14 outlets
Nvidia unveils plug-and-play Vera Rubin racks shippable by truck
Nvidia says its DSX Pod AI Factory could cut the time to start serving AI tokens to 14 days.
CNBC · +5 outlets
Walmart rolls out AI agent shopping tools as Amazon resists the trend
Walmart is adding two tools to help third-party AI agents shop for customers, embracing a practice Amazon is trying to curb.
Business Insider · +2 outlets
Putin agrees in principle to resume Ukraine talks with Washington and Kyiv
The talks would focus on building a post-conflict security system for Russia and Ukraine, though Putin remains not fully satisfied with proposals.
Fortune · +14 outlets
Southwest Airlines cuts 2026 profit forecast on higher fuel costs
Southwest is the third major U.S. airline this month to trim its 2026 profit outlook due to rising fuel prices.
CNBC · +14 outlets
US orders some personnel to leave Saudi Arabia after Houthi drone attacks
The decision follows a drone attack targeting Saudi Aramco's Shaybah oilfield that killed two people.
Ft · +5 outlets
Kroger and Albertsons ex-CEOs testify on failed merger and $4B dividend
Kroger's former CEO defended the effort to close the failed Albertsons deal, while Albertsons' ex-CEO said the $4B pre-merger dividend did not risk its fiscal h
Inside INdiana Business · +1 outlets
Abbott to separate nutrition business as quarterly results rise
Abbott's planned separation of its nutrition unit comes alongside annual gains at the company and peers Thermo Fisher and Danaher.
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