Markets18 stories ›
Wall Street closes sharply lower as AI cash burn fears spark broad tech selloff
Investors dumped tech shares on worries that massive AI capital spending is eroding free cash flow, sending the Nasdaq to its worst month in over a year.
Investing · +15 outlets
Binance says $6.3 billion security breach is largest crypto theft on record
Binance says roughly $3 billion has been frozen and losses will be covered, while investigators race North Korea-linked hackers to recover funds.
CNBC · +13 outlets
Intel stock posts worst day since the 1970s, wiping about $12 billion off government stake
Intel's PC business is under pressure from memory-chip prices and weaker corporate IT budgets, and it is struggling to supply enough AI server chips.
CNBC · +14 outlets
Crude oil jumps after Iran says four tankers struck mines in the Strait of Hormuz
Tankers are still running the strait because soaring freight rates offer a big financial incentive, while Tehran disputes a US claim that shipping lanes are cle
Seekingalpha · +14 outlets
OpenAI cuts funding target by $10 billion to about $20 billion, FT reports
The lowered target comes as investors grow more skeptical of the returns on massive AI spending.
Investing · +8 outlets
Semis18 stories ›
Intel plunges 29% on weak Q4 guidance, worst day since 1974, triggering global chip rout
Intel's weak PC-market outlook and rising memory costs wiped nearly 30% off its shares and roughly $140 billion in market value, dragging semiconductor peers an
Tom's Hardware · +15 outlets
Wall Street posts worst day since June as AI cash-burn fears spark tech selloff
Amazon and Intel results rekindled concerns about the scale of AI capital spending, sending major indexes sharply lower.
Reuters · +13 outlets
Intel's rout wipes $12B off the US government's equity stake in the chipmaker
The plunge in Intel shares cut the value of the government's stake by about $12 billion, spotlighting the risk of Washington's direct equity holding.
TechCrunch · +6 outlets
US tech stocks slide as AI spending nears $1 trillion, weighing on megacap chipmakers
Rising AI infrastructure commitments and underwhelming Big Tech earnings reignited doubts about returns on the spending.
BBC · +14 outlets
Nvidia CEO Jensen Huang defends ties to executive at firm under US spying probe
Huang said Nvidia's dealings with cloud partner Megaspeed were normal and all GPUs were accounted for, after reports alleged a suspected Chinese intelligence as
Tom's Hardware · +14 outlets
AMD shares slide about 10% as Intel results flag PC slump and server supply squeeze
Intel's downbeat PC outlook and component constraints weighed on AMD ahead of its own revenue test.
Quartz · +10 outlets
Software18 stories ›
ServiceNow shares plunge 27%, worst day ever, as cRPO growth guidance slows to 18.5%
The software maker's slowing subscription backlog growth renewed investor fears that AI will disrupt seat-based enterprise software.
CNBC · +14 outlets
Alphabet shares tumble 12% as Q3 revenue miss and surging AI capex revive spending jitters
Investors sold off Big Tech after Alphabet's capex guidance suggested AI infrastructure spending will keep pressuring profits and cash flow.
The Straits Times · +14 outlets
Microsoft posts record $92.3B quarter as Azure revenue hits $33.2B, disclosed in dollars for first time
The disclosure gives the first direct dollar comparison of Azure with AWS, and Microsoft also flagged $10B in revenue from its OpenAI arrangements.
TechCrunch · +5 outlets
Fortinet tumbles 20% as service revenue forecast cut overshadows earnings beat
The security vendor's soft services outlook dragged down cybersecurity peers including Palo Alto, CrowdStrike and Okta.
24/7 Wall St. · +11 outlets
Amazon reports booming cloud revenue but misses expectations, with negative free cash flow of $2.4 billion
AWS growth stayed strong, but heavy AI-related spending pushed Amazon's free cash flow negative for the quarter.
TechCrunch · +14 outlets
Oracle stock surges on cash-flow update, then slips as Scotiabank trims price target
Oracle's capital-spending plan and free cash flow trajectory became a proxy for whether AI infrastructure bets can pay off.
Yahoo Finance · +11 outlets
AI18 stories ›
Nasdaq set for $2 trillion October wipeout as AI spending fears deepen
A broad selloff in AI-linked shares erased trillions in market value in October as investors questioned the durability of hyperscaler capital spending.
Reuters · +14 outlets
Intel plunges about 20-30%, worst day in decades, on weak Q4 outlook and PC slump
Intel's guidance miss tied to weak PC demand and rising memory costs dragged chip stocks lower and wiped roughly $12 billion from the US government's stake.
Bloomberg.com · +13 outlets
Amazon shares slide as $220B+ AI capex and cash burn overshadow AWS growth
Amazon reported soaring spending alongside slower online retail growth, with its CEO flagging AI costs as a barrier to broader adoption.
Invezz · +8 outlets
Alphabet sinks on Q3 as AI spending pushes free cash flow negative again
Alphabet's plan to keep lifting capital expenditure disappointed investors even as Google's in-house chips lifted cloud revenue.
24/7 Wall St. · +13 outlets
Samsung posts record quarterly profit on AI memory demand, but chip unit misses estimates
Samsung said an AI-driven memory shortage will worsen and kept investors waiting on details of returns from its foundry and memory investments.
Analytics Insight · +15 outlets
Big Tech holds about $3 trillion in AI spending commitments as hyperscaler capex nears $828B
Off-balance-sheet and contracted spending commitments are under growing scrutiny as hyperscalers commit record sums to AI infrastructure.
Bloomberg.com · +14 outlets
Biotech18 stories ›
Eli Lilly lifts revenue outlook as weight-loss drug demand soars, shares jump to record
Lilly's GLP-1 franchise continues to beat expectations, driving another guidance raise and a record stock price despite US pricing pressure.
Reuters · +14 outlets
INOVIO wins FDA accelerated approval for VOCERYQ
The accelerated nod gives INOVIO a US marketing authorization and a potential revenue path for its lead candidate.
Stock Titan · +3 outlets
Drugmakers post record revenue while shrugging off Trump pricing pressure
Big pharma's quarterly results show pricing negotiations have yet to dent top-line growth across the sector.
Bloomberg.com · +8 outlets
Lilly tirzepatide candidate shows about double Ozempic's weight loss in triple-agonist race
The data intensify competition among next-generation multi-agonist obesity drugs from Lilly and rivals.
아시아경제 · +6 outlets
Vertex Pharma faces key FDA test after RAINIER data
The readout shapes the regulatory path for Vertex's pain program, a key non-CF growth bet.
ad-hoc-news.de · +1 outlets
Ascletis oral GLP-1 hits Phase II diabetes endpoint as global obesity trials advance
An oral GLP-1 success adds a pill-based contender to the crowded obesity and diabetes market.
AllSci · +4 outlets
Energy18 stories ›
BP posts highest quarterly profit in 18 years as refining margins surge on war-driven oil prices
BP's blowout quarter, driven by refining and trading, sets the tone for Big Oil earnings as high pump prices loom over the US midterms.
Rigzone · +14 outlets
Brent hits $117 after tanker attacked with explosive devices in Strait of Hormuz
The attack on a transiting tanker escalates Middle East tensions and adds a fresh risk premium to already elevated crude prices.
Oilprice · +5 outlets
ExxonMobil and Chevron beat Q3 estimates as refining profits soar on high diesel prices
The two US majors topped expectations, with downstream margins rather than upstream output driving the beat.
CNBC · +7 outlets
Oil giants report windfall profits as high gas prices become a midterm election issue
Record oil company profits and $4-plus pump prices are colliding with the US midterm campaign, drawing political scrutiny of shareholders and industry returns.
The Washington Post · +14 outlets
Europe to release 42 million barrels from oil reserves over three months, France says
Coordinated emergency stock releases aim to cool prices from war-driven supply fears, though the barrels arrive gradually.
Rigzone · +14 outlets
Oil heads for fourth straight monthly gain as Middle East tensions and Houthi attacks persist
Crude is on track for a four-month winning streak as traders weigh war risk against emergency supply releases.
Oilprice · +14 outlets
Clean Energy18 stories ›
Rivian Q3 revenue up 38% to $2.155B, R2 becomes best-seller, raises 2026 delivery guidance
Rivian's first full R2 quarter makes the crossover its top-selling vehicle and prompts analysts to frame it as filling a gap between Tesla and Ford.
Electrek · +12 outlets
Waymo picks Toyota bZ4X for robotaxi fleet, testing to start in Japan in 2027
The deal marks Waymo's first robotaxi partnership with a major automaker outside its own platform, with Toyota building the vehicles on its production line.
Electrek · +11 outlets
Volkswagen posts worst quarter since Dieselgate, pauses electric Golf on cost pressure
VW's 5.86 billion euro operating loss underscores the cost strain on legacy automakers scaling back EV programs.
Cleantechnica · +3 outlets
X-energy, Amazon and AEP move ahead on 960 MW advanced nuclear project in Indiana
The project puts nearly a gigawatt of small modular reactor capacity on the table as data center demand drives nuclear interest.
Energies Media · +14 outlets
Tesla replaces $250 car referral credit with $99 FSD reward in new US program
The shift from car sales rewards to software subscriptions reflects Tesla's push to monetize Full Self-Driving.
Electrek · +4 outlets
BYD Q3 profit climbs 28% on exports even as inventory balloons 60%
BYD and Geely both reported higher third-quarter profit while domestic deliveries stalled in China.
Electrek · +1 outlets
Defense18 stories ›
Hanwha Defense USA wins $269M U.S. Navy medium landing ship contract at Philly Shipyard
The award is the first shipyard selection by TOTE Services under the Navy's LSM program and revives Philadelphia commercial shipbuilding with a foreign-owned ya
Breakingdefense · +10 outlets
Army picks Lockheed Martin for Future Interceptor effort valued at up to $1.08B
The OTA award taps Lockheed's PAC-3 Edge design for a next-generation interceptor amid concerns about U.S. missile stockpiles.
Defense Daily · +13 outlets
UK to require foreign defense contractors to reinvest full contract value in Britain for deals over £50M
The policy, due in April 2027, aims to ensure British workers and businesses benefit from foreign-signed defense contracts.
Breakingdefense · +7 outlets
Alphabet in talks to join Trump's Golden Dome homeland missile defense program
The discussions signal Silicon Valley firms are moving deeper into major U.S. missile defense architecture work.
Yahoo! Finance Canada · +13 outlets
US approves 500 Patriot missiles for Ukraine, with $2.1B paid by allies
The green light comes amid heightened Kyiv-Washington tensions and reported delays in interceptor transfers.
Breakingdefense · +5 outlets
US and Japan agree on AMRAAM assembly and SM-3 production boost
Japan will assemble AIM-120 missiles as Washington pushes to sharply increase AMRAAM output and deepen allied industrial ties.
Breakingdefense · +7 outlets
Financials18 stories ›
Wells Fargo plans largest layoff in five years at Des Moines Jordan Creek office
The Iowa workforce reduction is the bank's biggest single cut in five years, adding to a string of job reductions across large U.S. lenders.
The Des Moines Register · +4 outlets
Sen. Warren urges DOJ to pursue criminal probe of Bank of America AML failures
The request follows $1.21 billion in fines from three financial regulators over the bank's anti-money laundering controls.
Bankingdive · +14 outlets
Galaxy Digital applies for OCC national trust bank charter
A federal trust charter would let the crypto firm offer digital asset custody, staking and advisory services under one framework.
Bankingdive · +14 outlets
CaixaBank beats Q3 profit forecasts, raises profitability target as deposit costs rise
The Spanish lender lifted its profitability goal after a profit beat, though net interest income narrowly missed expectations.
Reuters · +4 outlets
Triad Business Bank presses fourth offer to keep Black-owned M&F Bank in North Carolina
Shareholders of the minority depository institution vote Nov. 4 on a competing proposal that would preserve its charter and MDI status.
Bankingdive · +5 outlets
JPMorgan Chase, Wells Fargo, Goldman among 33 firms blocking tokenized stock on crypto exchange venture
The listed companies are moving to bar tokenized versions of their shares on a crypto exchange-fronted joint venture.
The Daily Hodl · +5 outlets
Consumer18 stories ›
Amazon shares fall about 7% as weak retail and ad sales overshadow record AWS growth
Amazon's Q3 retail and advertising results missed expectations even as AWS posted its fastest growth in five years, sending the stock sharply lower.
Tekedia · +14 outlets
DoorDash to acquire Instacart for $17B, consolidating retail delivery
The deal merges two of the largest players in grocery and retail delivery, a tie-up that restaurant operators warn could raise costs for merchants.
Retaildive · +14 outlets
FTC and states sue Toast over alleged hidden fees charged to restaurants
The agency and eight states claim the point-of-sale provider conceals fees from restaurant clients and their customers.
Restaurantdive · +14 outlets
FTC orders Target, Walmart and seven others to detail personalized pricing practices
The inquiry examines whether loyalty programs and personal data are used to set different prices for different shoppers.
Retaildive · +14 outlets
Amazon CEO Jassy says retail business is 'being slept on,' predicts two $1T units
Jassy used the Q3 earnings call to push back on the view that Amazon's stores and retail operations are an afterthought to AWS.
Retaildive · +13 outlets
Starbucks same-store sales rise on strong U.S. growth as profits climb
The coffee chain's quarter showed traffic and profit recovery in a still-tough restaurant market.
Chain Store Age · +14 outlets
Industrials18 stories ›
Caterpillar posts record $20.7B quarter as backlog nears $78B, but shares plunge about 10% on unchanged outlook
The heavy equipment maker beat on profit and logged its highest-ever quarterly sales on data center power demand, but kept its annual sales forecast unchanged,
Manufacturingdive · +15 outlets
Honeywell Aerospace beats Q3 estimates and raises guidance, but shares slide about 10% on modest growth
The recently spun-off aerospace unit beat estimates and lifted its outlook, yet investors punished the stock over margin reset and tepid growth.
BigGo Finance · +14 outlets
GE Vernova Q3 earnings call highlights order growth, pricing and grid expansion
The power equipment maker's results and commentary underscored strong electrification demand, with HSBC upgrading the stock to buy on a recovering wind business
Yahoo Finance · +14 outlets
Boeing posts $551M loss for first three quarters as $745B backlog fails to stop post-earnings selloff
Boeing's commercial airplane profits dipped despite higher revenue, and analyst questions centered on cash flow and next catalysts.
BigGo Finance · +8 outlets
Fed holds rates steady despite accelerating inflation, two policymakers dissent
Two FOMC members dissented in favor of a quarter-point rate hike, signaling a split on the path of policy.
Supplychaindive · +14 outlets
Trump opts for trade talks over tariffs on robotics and industrial machinery
The president directed cabinet officials to negotiate on imports flagged by a Section 232 probe, the second such move this month.
Manufacturingdive · +8 outlets
Materials18 stories ›
Gold drops below $4,000 and silver tumbles as mining stocks sell off; analysts debate how much further it falls
A broad precious-metals slide has pushed gold to a one-year low and broken silver's $50 level, prompting divergent forecasts from CPM, StoneX and Metals Focus o
Kitco · +14 outlets
Vale Q3 net income halves to $1.26B as iron ore volumes and prices fall; output to hit low end of guidance
Vale's quarterly profit drop underscores cost and pricing pressure across Brazil's iron ore sector and the miner's cut to full-year volume expectations.
BigGo Finance · +10 outlets
Iron ore prices slide below $90/t to multi-year lows on swelling China port stocks and weak mill margins
Falling Chinese steel demand and high inventory are testing the economics of high-cost iron ore supply worldwide.
IndexBox · +5 outlets
Iron ore rebounds toward $93 as steel mill output recovers, with China-Fortescue supply talks still deadlocked
A short-term bounce in iron ore follows improved mill output, even as unresolved negotiations over Fortescue's Chinese supply contracts cloud the outlook.
Yieh Corp. · +3 outlets
Uranium shares slide even as analysts point to tighter long-term supply
The pullback in uranium miners is being framed by some analysts as a buying opportunity given expectations of constrained supply.
Mining.com · +8 outlets
Trafigura and Mubadala shelve $7.1B sale of Brazil iron ore port
The collapsed port deal reflects how weak iron ore prices are hindering progress on logistics asset sales in Brazil's mining sector.
Mining.com.au