AMD stock jumps 8% as Q3 data center revenue nearly doubles on AI chip demand
AMD's blowout quarter reinforces that AI accelerator demand is broadening beyond Nvidia and is now driving the chip sector's earnings cycle.
CNBC · +14 outlets
Apple stock falls after Q4 revenue of $114.5B as memory costs squeeze margin outlook
Apple's first earnings under CEO John Ternus disappointed on gross margin guidance as a global memory shortage feeds into costs.
MarketWatch · +14 outlets
Democrats and Republicans battle for Congress as first midterm polls close
Control of the Senate and House is at stake in an election with wide implications for taxes, regulation, AI policy and energy.
Ft · +14 outlets
Binance says hackers used fake job interviews and AI tools in $6.3B crypto heist
The exchange has restored 98% of affected assets, and the breach has put custody infrastructure at the center of the crypto investment case.
CNBC · +14 outlets
CrowdStrike launches AI kill switch it says can stop rogue internal agents
The tool is part of a push to monetize security for autonomous AI agents, a market CrowdStrike frames as a major growth opportunity.
CNBC · +14 outlets
Meta seeks to raise up to $25 billion in bond sale to fund AI spending
The debt raise illustrates how hyperscalers are turning to credit markets to finance AI infrastructure at a scale that is starting to move broader bond markets.
CNBC · +14 outlets
Palantir stock tumbles despite earnings beat as Wall Street questions growth
Investors focused on growth durability concerns rather than the headline beat, making Palantir a test case for richly valued AI software names.
Barron's · +14 outlets
Disney plans several thousand layoffs and asks managers to cut costs up to 20%
The cuts under CEO Josh D'Amaro redirect funding toward films and television as the entertainment giant trims its cost base.
CNBC · +14 outlets
US job openings jump to 7.52 million in September, beating forecasts
The upside surprise in BLS data offers a positive signal for the labor market ahead of the monthly payrolls report.
CNBC · +8 outlets
Canva reorganization will affect 22% of its workforce, CEO memo says
The restructuring at the design software company adds to a wave of AI-driven reorganizations across major technology employers.
Business Insider · +7 outlets
CVS Health moves to dismantle $117bn empire with potential drugstore spin-off
The move comes as political pressure mounts on pharmacy benefit managers and health insurers.
Ft · +2 outlets
Shopify stock slides after revenue miss despite 32% growth
The company posted 32% revenue growth and a 22% free cash flow margin, but missing revenue expectations weighed on shares in a less forgiving tech market.
MarketWatch · +14 outlets
Investors weigh US state races as a referendum on the AI data center boom
Gubernatorial races and ballot measures could shape data center development, solar demand and energy policy across the US.
Ft · +14 outlets
Booking Holdings takes $1 billion hit to Q3 results tied to FTC action
The charge shows how regulatory pressure on online travel platforms is now material enough to move reported earnings.
Reuters · +6 outlets
Nasdaq ends higher as AI heavyweights rebound ahead of midterm results
Big Tech strength lifted the index even as Apple fell, with markets positioning around the election outcome.
The Business Times · +13 outlets
Analysts say Anthropic's Q3 results leave IPO math and history against it
A lot must go right for investors to earn above-market returns even if Anthropic prices well below the $1.5T to $2T it is seeking.
Fortune · +4 outlets
US strikes Iran's Qeshm Island on eve of election as Trump says no immediate plan for more
Oil prices steadied after the strike and after both presidents signaled openness to a diplomatic path.
Ft · +1 outlets
Ackman presses for Fannie Mae and Freddie Mac exit from conservatorship
The investor argues the midterm elections could mark a turning point for releasing the mortgage giants from government control.
CNBC · +1 outlets