Fed holds rates at 3.75%-4% despite elevated inflation, two officials dissent for a hike
The FOMC left its benchmark rate unchanged days before the midterms, with two members dissenting in favor of a quarter-point hike as inflation stayed high.
CNBC · +15 outlets
Alphabet shares sink 10% as Q3 revenue misses and record AI capex deepens cash burn
Alphabet posted its first top-and-bottom-line miss in nearly four years, with $51.4B in capex, negative free cash flow and Google saying AI Mode has hurt tradit
Ft · +11 outlets
Microsoft beats on cloud strength as Azure grows 48%, trims capex on data center delays
Microsoft reported revenue up 19% to $92.3bn with better-than-expected results, while the CFO cited third-party capacity delays for lower capital spending plans
Business Insider · +12 outlets
Anthropic files for potentially the biggest IPO ever as CEO warns of AI risk to humanity
Anthropic's filing, alongside a Senate inquiry from Elizabeth Warren on existential risks, would test public-market appetite for a frontier AI lab.
Griffin Daily News · +14 outlets
DoorDash to announce deal to buy Instacart as soon as Thursday, valuing it near $17bn
An acquisition would consolidate two major US delivery platforms and mark one of the largest consumer-tech deals of the year.
CNBC · +13 outlets
Nvidia's $12.9 billion Hugging Face deal draws DOJ antitrust scrutiny
A Justice Department inquiry would extend scrutiny of Nvidia's reach into AI software and developer tooling.
CNBC · +2 outlets
Oracle stock pops 11% as it forecasts $225bn FY2030 revenue and caps new fundraising at $20bn
Oracle's long-term guidance and financing limits eased investor concerns about the debt funding its data center buildout.
CNBC · +2 outlets
Weil leadership tells partners the law firm should be dissolved
The move marks a stunning downfall for a near-century-old firm that ranked among America's largest and most prestigious.
Ft · +8 outlets
FTC and 20 states sue Dollar General, alleging it overcharged its poorest customers
The discount chain, which draws most sales from households earning under $35,000, has failed thousands of price inspections, regulators say.
Fortune · +9 outlets
FTC probes Uber, DoorDash and Walmart over personalized pricing
The inquiry asks companies from airlines to retailers how consumer data shapes the prices individual shoppers see.
Business Insider · +14 outlets
FedEx beats expectations and raises outlook in first report since fiscal calendar shift
The courier topped top- and bottom-line estimates for the third quarter of its realigned fiscal year.
CNBC · +14 outlets
Ford posts mixed Q3 results, says 2027 earnings will be in line with this year
The automaker beat on earnings but slightly missed on revenue as it guides to flat profitability next year.
CNBC · +5 outlets
Magnificent Seven correlation breaks down as investors pick winners and losers
CNBC's analysis of rolling 60-day correlations across the 21 unique pairs shows the group is no longer trading as one bloc.
CNBC · +5 outlets
Chipotle shares rise 7% as low-income diners outpace higher-income ones for the first time this year
The fast-casual chain cited menu-price increases and rising beef costs, while reporting a same-store sales uptick.
MarketWatch · +5 outlets
UK budget cuts energy bills, taxes banks and boosts defense and AI spending
The high-stakes fiscal plan lowers household energy costs while raising bank levies and directing billions to defense, Ukraine and AI.
CNBC · +14 outlets
ServiceNow stock slides as earnings miss overshadows raised AI outlook
Even an uptick in multimillion-dollar AI deals failed to satisfy software investors focused on the earnings shortfall.
MarketWatch · +12 outlets
Apple unveils first touchscreen MacBook Pro, reversing years-old stance
The OLED touchscreen models launch November 6, the company's third major launch under CEO John Ternus.
CNBC · +1 outlets
Fortinet shares dive after earnings as cybersecurity growth slows in a key segment
The results weighed on cybersecurity stocks broadly as one Fortinet business segment decelerated.
MarketWatch · +1 outlets