Alphabet shares post worst day ever, shedding $500 billion on revenue miss and AI capex jitters
Alphabet's disappointing quarter revived investor concerns about the cost of the AI buildout and dragged the broader market lower.
CNBC · +15 outlets
Amazon shares slide on weaker Q3 revenue and soft holiday guidance despite AWS cloud growth
Amazon's negative free cash flow and unchanged capex plans raised questions about the scale of its AI spending.
Fortune · +10 outlets
Intel shares plunge about 22% as weak PC chip guidance dents turnaround
Intel's forecast of lower PC chip sales and falling margins undercut its year-long rally as an AI player.
Ft · +5 outlets
DoorDash to acquire Instacart in $17 billion deal, uniting delivery giants
The deal combines DoorDash's restaurant delivery with Instacart's grocery partners in a major consolidation of the on-demand sector.
CNBC · +14 outlets
ServiceNow shares plunge 27% in worst day ever as earnings revive AI disruption fears
ServiceNow's underwhelming results and Fortinet's drop dragged the software sector lower amid AI-related concerns.
CNBC · +5 outlets
Crypto exchange Binance probes potential security issue as $2.54 billion frozen by Circle, Tether
The freeze by major stablecoin issuers came as Binance said it was investigating and that funds were safe.
CNBC · +14 outlets
Starbucks to resume buybacks but China weakness clouds outlook as US sales beat
Starbucks' US same-store sales rose 7.7% in its turnaround, but its international business fell short of estimates.
Ft · +5 outlets
Microsoft and Alphabet capex misses stoke concern over AI buildout costs
Both companies reported capital expenditures below estimates, adding to investor worry about the expense of AI infrastructure.
CNBC · +2 outlets
Reddit shares sink on weak sales guidance and plans login requirement test as Google traffic shrinks
Reddit said it will require users to create official accounts as it contends with declining search traffic.
CNBC · +2 outlets
Shell and Total post highest quarterly profit since 2022 on refining and LNG strength
The results were lifted by strong refining margins and rising natural gas prices.
Reuters · +14 outlets
Eli Lilly raises sales outlook as Zepbound and Mounjaro sales surge
Lilly's CEO said there remains room for dramatic expansion of the obesity drug market.
CNBC · +14 outlets
US third-quarter GDP rises better than expected 3.4% as September inflation accelerates
The PCE price index was projected to rise 0.5% in September, an annual rate of 3.7%, per Dow Jones consensus.
CNBC · +12 outlets
European Central Bank holds key rate at 2.5% as Lagarde announces February exit
Markets read the decision as a hawkish pause, pricing a 67% chance of a December hike, as attention turns to Lagarde's successor.
CNBC · +14 outlets
Rivian beats Q3 estimates and raises delivery forecast as R2 ramp supports results
Rivian raised 2026 guidance citing expected gains in deliveries, pre-tax adjusted earnings and capital spending.
CNBC · +14 outlets
Weil, Gotshal & Manges, longtime Wall Street law firm, plans wind down
Partners were stunned that a profitable 95-year-old firm with 1,200 lawyers could be felled by a string of departures.
CNBC · +13 outlets
Polymarket user funds stolen by hackers as exchange refers matter to UK authorities
The outage came days before the platform expected heightened trading during the US midterm elections.
CNBC · +4 outlets
DOJ escalates Alaska Senate lawsuit over dueling Sullivan candidacies as midterms near
Alaska's election could determine which party controls the Senate majority, with GOP Sen. Dan Sullivan facing Democrat Mary Peltola.
CNBC · +2 outlets
Sandisk sees revenue nearly quintuple with a stock split on the way
Sandisk's stock has climbed more than 2,600% since separating from Western Digital 20 months ago.
MarketWatch · +1 outlets