Alphabet Q3 earnings miss, weaker core search revenue, sends stock down 11%
The miss and softer capital expenditure forecasts reignited investor worries about the cost of the AI build-out across big tech.
CNBC · +13 outlets
DoorDash to acquire Instacart for $17 billion, uniting two delivery giants
The deal combines DoorDash's restaurant delivery network with Instacart's grocery partners, and analysts expect it to draw an extended antitrust review.
CNBC · +5 outlets
Fed holds rates steady at 3.75-4% with Governor Lisa Cook dissenting
The decision keeps policy on pause even as inflation data remains hot, and the Fed plans to eliminate some rate-setting meetings.
Axios · +14 outlets
ECB holds key rate at 2.5% as Lagarde announces she will step down Feb. 7
Lagarde's early exit adds leadership uncertainty in Frankfurt as the central bank flags mounting inflation risk.
CNBC · +8 outlets
September PCE shows inflation accelerating as core prices run at 3.7% annual rate
The Fed's preferred inflation gauge sped up in September, complicating the case for the central bank's rate pause.
CNBC · +14 outlets
Third-quarter U.S. GDP grows 3.4%, faster than expected
The economy expanded at its fastest pace in a year, driven by consumer spending and the AI investment boom.
CNBC · +13 outlets
VW posts deepest quarterly loss since Dieselgate on Porsche writedown and China woes
The loss is Volkswagen's largest in over a decade and intensifies pressure on management to restructure quickly.
Reuters · +6 outlets
Eli Lilly beats estimates, raises guidance as Zepbound and Mounjaro sales surge
Lilly raised its full-year outlook for the third time this year on continued demand for its obesity and diabetes drugs.
CNBC · +14 outlets
Marvell reportedly near megadeal to acquire Lumentum in AI push
A combination would deepen Marvell's optical and networking portfolio as demand for AI data center infrastructure surges.
MarketWatch · +6 outlets
Kevin Warsh signals openness to higher rates, warns AI boom not immune to tightening
The new Fed chairman's comments leave Wall Street guessing on the path of policy amid frothy AI valuations.
CNBC · +3 outlets
Caterpillar revenue miss and soft outlook drag the Dow lower
The industrial bellwether had its worst day in years despite resilient data center demand, weighing on the Dow Jones Industrial Average.
MarketWatch · +3 outlets
Oracle expects to be cash flow positive by 2028, stock jumps 11%
Long-term revenue guidance and clarity on financing eased investor concerns over the company's AI-driven debt load.
Barron's · +8 outlets
Kalshi valuation jumps to $40 billion in new funding round, as Utah files criminal charges
The prediction market's valuation multiplied eightfold in a year even as state and federal regulators escalate legal fights over its business.
CNBC · +8 outlets
ADT to be acquired by Thrive Holdings in $15.3 billion deal
The take-private would move the home security provider under new ownership in one of the year's larger leveraged buyouts.
Seekingalpha · +4 outlets
Shell nearly doubles quarterly profit as refining margins hit record
The oil major raised its buyback program on the back of geopolitical volatility and a refined products crunch.
CNBC · +14 outlets
Merck tops estimates, raises profit outlook on new Keytruda injectable strength
Stronger-than-expected sales of a newer Keytruda form supported Merck's upgraded full-year forecast.
CNBC · +1 outlets
GE Vernova to buy Trench Group for $9 billion and lifts revenue forecast
The grid-equipment acquisition expands GE Vernova's push into electrification as data center power demand grows.
Reuters · +1 outlets