Binance says $6.3 billion security breach is largest crypto theft on record, halts withdrawals
The exchange says an engineer's laptop was compromised, roughly $3 billion has been frozen and losses will be covered, while analysts note hackers bypassed stan
CNBC · +14 outlets
Alphabet posts worst day ever, shedding half a trillion in market value on revenue miss
The revenue miss revived investor anxiety about AI capital spending and dragged the Nasdaq and broader market lower.
WSJ · +14 outlets
Intel heads for worst day in more than 50 years on weak guidance and AI chip concerns
Intel's results spooked investors over its ability to make enough AI server chips amid a weak PC market, pressuring AMD shares as well.
CNBC · +8 outlets
Amazon shares slide after quarterly results miss and soft holiday forecast
Amazon's cloud unit grew 39% with deals signed with Meta and OpenAI, but investors punished the company over the earnings miss and weak holiday outlook.
StreetInsider · +11 outlets
Binance-linked selloff: bitcoin falls below $77K, Coinbase hits over two-year low
Coinbase shares sank to a more than two-year low as bitcoin slid below $77,000 and Wall Street cut price targets, though the exchange reported a 66% jump in qua
CNBC · +2 outlets
Wall Street turns ruthless as earnings misses fuel deep selloffs and AI spending fears
Tech stocks led a broad slump as investors questioned whether the trillions being poured into AI infrastructure will pay off and hyperscalers leaned on legacy b
Bloomberg.com · +6 outlets
Anthropic's blockbuster IPO prospectus leaves big questions on risks and valuation
Anthropic's 69,800-word risk filing and reports of a $1.2tn internal valuation raised questions about the hidden costs of AI ahead of one of the most anticipate
CNBC · +14 outlets
Reddit shares post biggest-ever one-day drop on weak guidance and plans for login requirement
Reddit fell about 25% after issuing a lower-than-expected revenue outlook and revealing a test requiring all users to log in as Google search traffic shrinks.
CNBC · +7 outlets
Exxon and Chevron top Q3 estimates and hit all-time highs as refining profits soar
Global diesel prices surged after Ukraine and Iran struck refineries in Russia and the Middle East, driving record refining margins.
CNBC · +14 outlets
Fed holds rates steady as Warsh keeps Wall Street guessing on next move
The new Fed chair signaled a lean toward higher rates but left options open depending on incoming data, and the IMF said the central bank is appropriately watch
CNBC · +10 outlets
Iran says four tankers struck mines in Strait of Hormuz as ship attacked with limpet mines
The incidents marked a possible tactical shift and raised fears of further strikes after the U.S. midterms, while Tehran disputed a U.S. claim that shipping lan
CNBC · +13 outlets
Third-quarter U.S. GDP rises a better-than-expected 3.4% as September inflation accelerates
AI equipment spending rose 37.4% while housing investment fell and real consumer spending stalled, leaving a strong headline print over a weakening housing mark
CNBC · +13 outlets
BP posts highest quarterly profit in 18 years as refining margins surge
BP's third-quarter profit nearly quadrupled to $8.5 billion, beating forecasts, and the company targeted early settlement of its Deepwater Horizon bill.
CNBC · +12 outlets
DoorDash to acquire Instacart in $17 billion deal as quarterly results top views
The deal would combine two major delivery platforms; DoorDash shares rose on an EPS beat.
富途牛牛 · +14 outlets
Microsoft plans to raise $25 billion in debt to fund AI buildout
Microsoft has maintained positive free cash flow unlike Meta, Alphabet and Amazon as it ramps AI infrastructure spending.
CNBC · +14 outlets
Weil Gotshal prepares to wind down as partners exit
Partners were stunned that the profitable 95-year-old firm with 1,200 lawyers could be felled by a string of departures, while Palantir made an offer to affecte
Ft · +8 outlets
Shell and Total post highest quarterly profit since 2022
The results came as a surge in tanker freight and refining margins lifted oil majors' quarterly performance.
Reuters
Starbucks sales miss expectations but U.S. turnaround gains steam
U.S. stores topped Wall Street's comparable sales expectations while the international business fell short of estimates.
CNBC · +1 outlets