Apple beats revenue estimates with $114.5bn quarter, shares fall on memory chip costs and slowing services
Apple's first quarter under new CEO John Ternus topped revenue expectations on iPhone demand, but unprecedented memory chip costs and a soft services outlook we
Ft · +13 outlets
Anthropic discloses $17bn Q3 revenue and $895bn in purchase commitments in amended IPO filing
The AI lab's updated S-1 shows rapid revenue growth alongside surging compute commitments and heavy personnel costs ahead of its expected listing.
CNBC · +11 outlets
Palantir revenue jumps 96% to $2.3bn as US commercial business tops government for first time
Palantir's commercial revenue rose 148% to $984 million, but analysts flagged decelerating US commercial contract growth and the stock fell.
CNBC · +5 outlets
US strikes Iran's Qeshm Island on eve of midterm elections; oil prices steady near $106
Washington described the attack as a defensive measure against Tehran's potential use of surface-to-air missiles, while Vance signaled hope for a negotiated set
Ft · +13 outlets
Disney weighs thousands of layoffs as CEO Josh D'Amaro targets 20% cost savings
The cuts would be among the largest at Disney in recent years as its new chief executive pursues sweeping cost reductions.
Moneycontrol.com · +9 outlets
Nvidia tells data center clients to cut China exposure, requiring majority non-Chinese customers
The world's largest chipmaker is pushing cloud providers to reduce dependence on Chinese buyers amid tightening export restrictions.
Ft · +5 outlets
North Korea denies FBI claim it was behind $6.3bn Binance hack
Pyongyang called the allegation a grave political provocation as blockchain researchers traced billions in stolen tokens now being split into small packages to
Business Insider · +13 outlets
Nasdaq-100 slides into third correction of the year as AI stock worries mount
A renewed selloff in technology and AI names dragged the index down, with BofA warning a lasting AI sell-off is one of the biggest risks to the economy.
MarketWatch · +13 outlets
Marvell shareholders pan all-stock Lumentum merger as 'a trash offer'
Shares of both companies fell after Marvell agreed to buy Lumentum in an all-stock deal tied to AI connectivity that is expected to close in the first half of 2
MarketWatch · +8 outlets
Oracle files to sell $20bn in stock and bonds to finance AI buildout
The offering would add debt and dilution risk as Oracle ramps spending on artificial intelligence data center capacity.
CNBC · +7 outlets
Kimberly-Clark closes $48.7bn acquisition of Tylenol maker Kenvue
The consumer goods company says the deal combines its brands with Kenvue's science and engineering as it targets improved growth and earnings.
CNBC · +11 outlets
Fox posts record quarterly results, lifted by World Cup and election advertising
Strong ad demand around the World Cup and US midterms powered Fox's best quarter.
Finimize · +13 outlets
Squarespace lays off 19% of staff, mostly in product and engineering
The website builder's CEO outlined severance details and the roles most affected in a memo to employees.
Business Insider · +13 outlets
Reserve Bank of Australia raises rates to 18-year high to fight inflation
The hike was the central bank's fifth increase this year and matched economist expectations.
CNBC · +13 outlets
SUSE to cut 10% of workforce, CEO cites AI and automation
The open-source software company is restructuring as it shifts investment toward AI-driven products.
Moneycontrol.com · +7 outlets
Eli Lilly posts strong quarterly results and hits record high stock price
The drugmaker's shares reached an all-time high on the earnings beat.
NAI500 · +14 outlets
Aramco Q3 profit rises 34% to $36.25bn
The Saudi oil giant reported a sharp profit increase for the third quarter.
UA.NEWS
Estee Lauder cuts promotions as luxury fragrances lift outlook
The cosmetics group raised its outlook on strong fragrance demand but the stock slipped despite the beat.
Reuters · +1 outlets