Archive snapshot · Business
Wed, Oct 28, 12:03 PM ET
Anthropic files for IPO, warning some AI risks may be uninsurable
The Claude maker's filing frames AI risk and governance questions that could shape scrutiny of the largest tech listing attempt to date.
CNBC · +14 outlets
Stocks hold near records as Wall Street awaits Fed decision and Alphabet, Microsoft earnings
Two of the largest companies in the world and the Fed's rate path land the same afternoon, making the session a test for the market's AI-led rally.
CNBC · +15 outlets
SK Hynix posts record quarterly profit, lifting AI stocks and memory peers
Blowout memory results reinforced hopes that AI hardware demand remains strong heading into the Fed decision and megacap earnings.
CNBC · +14 outlets
Dropbox to cut about 9% of workforce, co-CEO Alkarmi tells staff in memo
The cloud storage company is profitable but cited hard choices on spending, adding to a year of broad tech job cuts.
Business Insider · +7 outlets
Nelson Peltz's Trian offers $1.4 billion to buy Wendy's, shares jump 15%
The bid follows a rough two-year stretch for the burger chain as consumers eat out less often.
CNBC · +6 outlets
Death toll in Spain high-speed train collision rises above 60
The crash near Toledo is the second deadly high-speed rail accident in Spain this year, after a January collision in Andalusia killed 46.
Ft · +13 outlets
UK budget cuts energy bills, raises bank taxes and boosts defense and Ukraine aid
Chancellor Healey's first budget mixes cost-of-living relief with tax rises on lenders and savers, and brings forward defense spending targets.
CNBC · +14 outlets
Wendy's shares jump 15% as Trian offers $1.4 billion to buy burger chain
Nelson Peltz's firm is seeking to take the chain private after a difficult two years.
CNBC · +7 outlets
Israeli election leaves Netanyahu and rivals short of a governing majority
Neither the prime minister's alliance nor the opposition bloc is near the numbers needed to form a government, pressuring Israeli assets.
CNBC · +14 outlets
Cognition weighs new funding at $70 billion to $80 billion valuation
The AI coding startup's potential jump in valuation underscores the frenzy around developer AI tools.
Business Insider · +3 outlets
Jio Platforms shares soar 21% on trading debut after India's largest-ever IPO
The Meta- and Google-backed telecom unit raised about $3.2 billion in the country's biggest listing.
CNBC · +10 outlets
Google opens TPU chip business to outside partners beyond its own cloud
The move turns custom AI silicon into a bigger growth engine and a competitive counterweight to Nvidia.
CNBC · +13 outlets
Google alters cloud playbook, enlisting partners to sell more AI chips
The company is opening its TPU business beyond its own cloud as custom silicon becomes a bigger growth driver.
CNBC · +1 outlets
HF Sinclair posts record quarterly profit on refining boom and names new CEO
Strong refining margins delivered a record quarter as the company changed leadership.
Reuters · +3 outlets
Trump says Iran war will end 'when I want it to' as costs reportedly reach $47 billion
A report put the cost of the Iran conflict at $47 billion amid continued strikes.
CNBC · +14 outlets
Google opens TPU chip sales to outside cloud partners
Custom AI silicon is becoming a larger growth engine for the search giant.
CNBC · +14 outlets
Deutsche Bank reports record third-quarter post-tax profit of 1.9 billion euros
The record quarter adds to a run of strong results at European lenders.
Deutsche Bank AG
Stellantis shares rise 12% as turnaround and cost cuts gain traction
The automaker disclosed a 4 billion euro cash shortfall in the third quarter while its recovery plan showed progress.
CNBC · +1 outlets

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