Apple beats on Q4 revenue and EPS but China and iPad sales miss as memory chip costs rise
Apple's first report under new CEO John Ternus showed $114.5 billion in revenue and $2.10 EPS, though it warned of rising costs from a memory chip shortage.
Fortune · +13 outlets
Anthropic discloses Q3 revenue near $17B and $895.4B in compute commitments in amended S-1
The Claude maker's amended IPO filing shows infrastructure costs rising faster than revenue, raising questions about the economics of the AI boom.
Business Insider · +8 outlets
Palantir Q3 revenue jumps 96% to $2.3bn as US commercial sales top government for the first time
US commercial revenue rose 148% to $984 million, surpassing government revenue of $953 million and marking a shift in the company's growth mix.
CNBC · +6 outlets
Marvell and Lumentum shareholders pan all-stock merger, sending both stocks lower
Lumentum's CEO touted an enormous AI connectivity opportunity in the deal, which is expected to close in the first half of 2028.
MarketWatch · +14 outlets
Oracle files to sell $20 billion in stock and bonds to fund AI buildout
The capital raise is expected to add debt and dilution risk as investors scrutinize spending across the AI infrastructure sector.
CNBC · +13 outlets
Supreme Court rejects DOJ bid to block California from counting disputed mail ballots
The request came as the Justice Department appeals the dismissal of a lawsuit over Alaska's Senate election.
CNBC · +14 outlets
Oil plunges more than 7% on US-Iran peace talk hopes ahead of midterms
US crude fell below $100 a barrel and retail gasoline dropped to $4.12 a gallon as Washington and Tehran pursued diplomacy.
CNBC · +13 outlets
Kimberly-Clark closes acquisition of Tylenol maker Kenvue
Kimberly-Clark outlined a plan to improve growth and earnings following completion of the deal.
CNBC · +14 outlets
US stocks end lower as Apple dips ahead of quarterly report; Treasury yields mixed after Fed hold
The S&P 500 closed down while yields were mixed after the Federal Reserve held rates, with the VIX described as unreactive by options traders.
WSJ · +11 outlets
Fed Chair Kevin Warsh plans fewer rate-setting votes, unnerving investors
Economists say the move could delay relief for borrowers, and Warsh's comments have echoed through Wall Street.
CNBC · +14 outlets
Squarespace lays off 19% of staff in restructuring outlined in CEO memo
The memo detailed reasons for the cuts, severance terms, and the roles most affected.
Business Insider · +3 outlets
European supermarket freezers hit by fresh cyberattack, Pentagon probes possible link
Temperatures surged to as high as 55C in dozens of stores across Sweden, Belgium, Ireland and Estonia after hundreds of French freezers were hacked last month.
Ft · +7 outlets
Publicis closes $2.2 billion acquisition of LiveRamp
Publicis said it is not worried about competitors leaving following the close of the data and identity deal.
ADWEEK · +14 outlets
OpenAI hires former US Army secretary Dan Driscoll for national security role
Driscoll will join as senior counsellor for national security modernisation as the military seeks to expand AI use.
Ft · +4 outlets
Apollo launches 10 billion euro European private credit platform backed by Abu Dhabi
The platform is backed by major global investors and expands Apollo's private credit footprint in Europe.
CNBC · +14 outlets
Coinbase falls as Morgan Stanley issues sell rating and slashes price target 53%
Multiple Wall Street analysts cut Coinbase targets after a Binance hack shifted sentiment on the crypto sector.
TipRanks · +11 outlets
Micron and SanDisk shares extend losses amid chip demand doubts
Chip stocks are suffering a crisis of confidence as investors question whether demand for memory and AI silicon will hold up.
TipRanks · +2 outlets
US voter poll shows majority disapprove of Trump's handling of inflation on midterm eve
Americans said they want politicians who can better handle the economy ahead of Election Day.
Ft