Alphabet sinks 10% as Q3 revenue miss and unchanged 2026 capex reignite AI spending worries
Alphabet posted its first top-and-bottom-line miss in nearly four years, with slowing search growth and heavy cloud spending driving a larger-than-expected cash
CNBC · +7 outlets
Fed holds rates steady in 10-2 vote, first double dissent since 1992, as Warsh signals fewer meetings
Two FOMC voters dissented in favor of a quarter-point hike amid inflation concerns, and Chair Warsh said the committee plans to cut some rate-setting meetings s
CNBC · +13 outlets
Microsoft beats on cloud growth, stock jumps 4% as Azure revenue rises 48%
Microsoft's better-than-expected quarter and disciplined spending helped reverse a recent stock slide, though its capex figure came in below expectations and pr
CNBC · +14 outlets
SK Hynix beats on Q3 and plans $75 billion in shareholder returns, lifting chip stocks
The blockbuster results and capital return plan fueled an AI memory rally that lifted Micron and supported broader semiconductor sentiment.
TradingKey · +14 outlets
Samsung posts record quarterly profit as AI-driven memory chip demand surges
Samsung's third-quarter results landed in line with estimates on the back of booming demand for AI memory chips.
Investing · +13 outlets
Oracle pops 11% as FY2030 revenue forecast and financing clarity ease debt concerns
Oracle guided to $225 billion in fiscal 2030 revenue and said it would limit additional fundraising to $20 billion, easing investor worries about AI-related spe
CNBC · +3 outlets
DoorDash deal to buy Instacart could come as early as Thursday, valuing it near $17 billion
A combination would consolidate two of the largest US grocery and restaurant delivery platforms.
CNBC · +14 outlets
Marvell said to near megadeal for Lumentum in AI push; LITE surges, MRVL slides
Bloomberg reported an agreement could come as early as next week, sending Lumentum shares sharply higher on the buyout speculation.
MarketWatch · +2 outlets
Nvidia's $12.9 billion Hugging Face deal draws DOJ scrutiny
The antitrust inquiry adds regulatory risk to one of Nvidia's largest acquisitions.
CNBC · +5 outlets
Google launches Gemini 4 Carbon, touting a significant leap in cybersecurity
The new frontier model marks Google's latest push to position Gemini for enterprise security use cases.
The Verge · +5 outlets
Trian offers $1.4 billion to buy Wendy's as beef prices and competition squeeze the chain
Nelson Peltz's Trian made a buyout offer for the struggling burger chain, whose shares jumped 15% on the news.
CNBC · +6 outlets
Investors brace for Big Tech's AI spending bill as annual outlays near $1 trillion
Analysts and the Fed are weighing whether the scale of AI capital spending is sustainable, with China's AI bubble already seen as having burst.
The New York Times · +6 outlets
Weil, Gotshal & Manges, longtime Wall Street law firm, plans to wind down
The dissolution of a legal powerhouse that handled major corporate restructurings marks a notable shake-up in the legal industry.
CNBC · +7 outlets
GE Vernova to buy Trench Group for $9 billion, lifts revenue forecast as AI power demand stays hot
The grid-equipment deal expands GE Vernova's electrification push, though the stock fell as new orders and slots missed expectations.
Reuters · +14 outlets
Ford reports mixed Q3, raises 2026 adjusted EBIT outlook to $10.5B-$11B and targets 8% margins by 2029
Ford beat on earnings but slightly missed on revenue, and said 2027 earnings would be in line with this year.
Seekingalpha · +4 outlets
Lilly's retatrutide beats Ozempic on weight loss and blood sugar control in trial
The study results bolster Lilly's next-generation obesity drug pipeline against Novo Nordisk's Ozempic.
USA Today · +10 outlets
FedEx beats expectations and raises outlook in first report since calendar adjustment
The results and raised guidance offered a read on holiday-season shipping momentum, though margins declined on higher trucking hiring costs.
CNBC
Jio shares surge 21% in market debut after blockbuster India IPO
The listing makes Jio the second most valuable company in India behind parent Reliance Industries.
TechCrunch · +1 outlets