Section
Stocks
Company news, earnings and the stocks moving the market.
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Mitsui Chemicals falls 8.6% after a ¥1.84 trillion JSR deal funded with ¥1.64 trillion of bridge loans
The Japanese chemical maker will buy the chip-materials supplier from state-backed JIC Capital with Development Bank of Japan equity. Investors sold the buyer, not the target, over the financing.
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Nvidia's board opens an independent investigation into CEO Jensen Huang, 9 days before earnings
A committee of independent directors, with outside counsel, will examine Huang's dealings with a Megaspeed executive U.S. intelligence reportedly believes was recruited by China. Huang stays CEO. Nvidia reports on November 17.
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BC Partners tries to take control of bankrupt LIV Golf by buying Saudi fund's $50 million loan
The Financial Times reports the private equity firm wants the debtor-in-possession loan held by Saudi Arabia's PIF, days after LIV said it would liquidate. Reuters could not verify the report.
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House Republicans summon Nvidia's Jensen Huang for Nov. 18 briefing, one day after earnings
Three committee chairs want Huang to explain his reported ties to a Megaspeed executive described by the New York Times as a Chinese intelligence asset. Nvidia, the world's most-watched chip stock, reports third-quarter results the day before.
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Anthropic buys 1.7 gigawatts of gas generators for $3.4 billion, the FT reports
The deal, reported by the Financial Times on Sunday, is the largest known power-equipment purchase by an AI lab. Caterpillar's own filing shows why generators are the scarce part.
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NASA opens a $10 billion lunar delivery contract to SpaceX, Blue Origin and six others
The ceiling is not money awarded: CLPS 2 is a 10-year pool of eight companies that can bid for Moon Base deliveries. The firm awards so far are far smaller, led by a $94 million rover delivery for Blue Origin.
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Anthropic names 33 brokers in 14 countries for its retail IPO tranche, plus 6 US platforms
The S-1/A lists Schwab, Fidelity, Robinhood, SoFi, E*TRADE and Trade-PMR for US customers; Anthropic's own help page names the overseas firms. What neither says: how many shares retail gets.
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Update: Tesla adds a Cybertruck shift, says orders exceed what it can build before the line closes
Musk said Saturday the backlog is "far more" than Tesla can make before it dismantles the Austin line around June or July 2027. He gave no backlog number.
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Clean-energy stocks jumped on the Democratic sweep. By Friday, First Solar was up 8% and Enphase down 6%
Premarket headlines promised a sector-wide rally. Closing prices show a split: ICLN is up 2.1% since Election Day, First Solar 8.2%, Enphase down 6.4%. The law that governs wind and solar credits has not changed.
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OpenAI raises $11 billion at a $1.25 trillion value, 11% below the $1.4 trillion it first sought
Bloomberg reports the first slice of a round that may total only about $20 billion, against the $30 billion OpenAI targeted in September. The price is still 47% above March's $852 billion.
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A Maryland mom with a petition stalled a $5 billion data center: 25,000 signatures
NPR profiles Taylor Frazier McCollum, who led the fight against a data center at the former Landover Mall. What Prince George's County actually decided, what it did not, and what it signals for data center developers.
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Protesters storm Microsoft's Amsterdam data center site, and 150-200 are detained
Activists in 15 European countries are demanding a moratorium on large data centers. The Amsterdam protest came days after U.S. voters elected Democrats who promised to clamp down on the same buildout.
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Democrats won on data center pauses, but only one state has enacted one so far
Ohio, Texas, Georgia and Wisconsin winners ran on pausing or tightening data center builds. What has actually been proposed, what governors can do alone, and what it means for AI spending, local contractors and power bills.
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Wheaton books record $2.6 billion in nine-month revenue, up 80%, as gold sits 25% below its peak
The streaming company's Q3 revenue rose 62% to $772 million on a 36% higher realized price, but gold ounces produced fell 8% and net earnings grew only 12%.
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OpenAI engineer pleads not guilty to bugging the company's office: max sentence is 5 years
Abdulrahman Alfozan, 35, is accused of hiding a recorder behind a TV in an executive conference room on Sept. 28. He has been held without bail since Oct. 9; next hearing is Nov. 17.
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DraftKings falls 21% after cutting its 2026 profit outlook to fund its prediction-markets push
Revenue grew 16% to $1.33 billion, but 2026 Adjusted EBITDA guidance dropped from $700-$900 million to $175-$275 million as DraftKings spends up to $700 million on Predictions.
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Musk loses $79.7 billion in a day as SpaceX falls below its IPO price and Tesla drops 10.8%
Both stocks fell for a second straight session after the midterms, and the Nasdaq fell 5.5%. Investors cite possible congressional probes and Texas data center rules, but no investigation of Musk has been announced.
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Nasdaq rebounds 1.1% but ends the week down 3.4%, as chips claw back 4.2% of Thursday's 12% rout
The S&P 500 rose 0.3% while the Dow slipped 0.5% after a hot jobs report pushed the 2-year yield up 5 basis points. Nvidia and Micron bounced, but the Nasdaq is still in correction.
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Under Armour cuts its margin outlook as freight and Middle East costs bite: revenue down 7% to $1.2 billion
The company kept its $140 million to $160 million adjusted operating income range, but roughly $70 million of that comes from tariff refunds, and the gross margin gain is now smaller than promised.
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Microsoft is winding down its rental of Oracle AI computing, Bloomberg reports, as old Nvidia chips fall out of favor
Microsoft has been switching off Oracle-rented capacity for months after declining to renew, Bloomberg says, as part of a wider review of cloud partnerships. Oracle says demand for its AI infrastructure, including older GPUs, remains strong.
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OpenAI's CFO says data center spending goes on despite the vote, and Anthropic's filing shows what that costs
Sarah Friar told CNBC the midterms changed little and that OpenAI will keep raising capital. Anthropic's S-1 puts a number on the bill: $895.4 billion of compute commitments, $69.8 billion of it due within a year.
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Fox closes its $22 billion Roku takeover and pledges to keep the platform open
Roku shares stopped trading on the Nasdaq on Friday as Fox Corp completed the deal. Roku holders get $95.30 in cash plus 0.9799 Fox shares each, and Fox targets $400 million in cost savings.
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Moderna swings to a $162 million profit and raises its revenue outlook, and the stock jumps 7%
Third-quarter revenue rose 29% to $1.3 billion, but most of the jump in Moderna's year-end cash forecast, from about $5 billion to $8.2 billion, comes from a convertible bond sale, not from operations.
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Axon stock plunges 17% to a two-year low as $130 million of federal drone deals slip out of 2026
Record third-quarter revenue of $909 million was not enough: Axon cut its full-year growth outlook to about 30% because three large Dedrone deployments will not land this year, even as it announced a $1.2 billion Skydio investment.
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Humana posts an adjusted loss of 70 cents a share, yet raises its 2026 profit floor to $9.50
Revenue jumped 26% to $41.2 billion in the third quarter, but a $358 million paper gain props up the GAAP profit and the insurance unit lost money. The stock was up about 3% Friday morning.
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Chips bounce 3% on Friday after the rout, but the Philadelphia index is still about 36% off its June peak
Dip buying lifted tech Friday morning, with Nvidia up 3.7% and TSMC up 4.9%. Outlets disagree on how much value the selloff erased: $2.3 trillion or $2.5 trillion.
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IREN pushes $4 billion of AI revenue into 2027 at Microsoft's request, and the stock jumps 19%
The AI cloud company says a customer-requested design change moved its $4 billion annualized revenue goal from year-end to January, possibly February. Revenue still rose 66% in the quarter, and the shares were up 18.9% in Friday morning trading after a 55% fall in a month.
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EU charges TikTok over its "rabbit hole" feed, putting up to 6% of ByteDance revenue at risk
The European Commission says TikTok's For You recommender fails to limit harm to users' mental health. It is the second set of preliminary findings against the app this year under the Digital Services Act.
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Anthropic's IPO price slips again: investors now talk $1.2-1.3 trillion, down from $1.5 trillion
After the Nasdaq 100's worst day on record, prospective buyers are marking down the Claude maker, and one told the Wall Street Journal $1 trillion is closer to the mark. The roadshow was due to start next week.
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Taiwan unleashes its NT$500 billion stabilization fund as the Taiex sinks 20% from its peak
The Taiex fell 4.51% to 39,701.64 on Friday after plunging as much as 9%. The fund committee authorized its 10th market intervention, and regulators moved to curb short selling.
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Google, Meta and TikTok sue California to kill its under-16 ban on personalized feeds and autoplay
Three separate federal suits filed November 4 name Attorney General Rob Bonta and argue AB 1709 violates the First Amendment. The law, with penalties up to $50,000 per minor, takes effect January 1, 2027.
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Nasdaq's 5.5% drop spreads: Nikkei and Kospi fall 6%, Taiwan 4.5%, Europe down about 2%
Investors worried that a Democratic Congress could slow the AI build-out and that the spending may never pay back. Asia closed hard on Friday, Europe fell less, and the Nasdaq is now about 12% below its October peak.
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Musk says Tesla will wind down Cybertruck production in Texas around mid-2027
The announcement came in a post on X, not a Tesla filing. The plant space goes to Cybercab, and sales of the pickup have run far below the 250,000 a year Musk once projected.
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Tesla to wind down Cybertruck at Giga Texas by mid-2027, Musk says: "end of an era"
Elon Musk said the Austin plant will make room for more Cybercabs. Cybertruck sat inside an "Other Models" line that delivered just 8,295 vehicles in the third quarter, down from 12,364 in the second.
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Goldman Sachs names 109 new partners, its biggest class since 2010, and a third come from wealth management
The bank grew its partner class from 95 two years ago as private equity firms court senior bankers. It also declined to give a racial or gender breakdown.
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Japan's Nikkei falls into a bear market and Korea's Kospi halts on an 8% plunge as the AI rout hits Asia
Friday's Asian open carried Wall Street's worst day since April 2025 across the Pacific. The Nikkei is more than 20% below its June peak, and the Kospi's circuit breaker stopped trading for 20 minutes.
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Sarepta lifts its 2026 sales floor to $1.25 billion, but even the top end implies a weaker fourth quarter
Sarepta raised the low end of its full-year product revenue guidance by $50 million after a third quarter in which Elevidys brought in $83.5 million. Product sales are down 12.5% from a year ago, and the new range implies fourth-quarter sales below the third.
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Google plans $17 billion in Wyoming data centers, starting with a gas fuel-cell campus near Cheyenne
Google says it will pay for all the power it uses and cool the site with air, not water. A $4 billion, 702-megawatt fuel-cell plant is the first piece, and it lands in a state where only 30% of residents back more big data centers.
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IonQ reports a $564 million profit, but its operations lost $433 million: a warrant gain did it
IonQ's third-quarter revenue rose 336% to a record $173.8 million and it raised its 2026 guidance to $505 million to $515 million. The headline profit comes from a $896 million paper gain on warrants, while the core business lost more than it did a year ago.
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Wall Street ends its worst day since April 2025: Dow down 1,833 points, VIX at 28, chips crushed
The Nasdaq closed in a correction, the S&P 500 fell 4.4% and the Philadelphia chip index lost more than 12%, erasing Wednesday's post-election rally.
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Update: Nasdaq plunges 5% as the chip rout deepens, and the Dow gives back all of Wednesday's rally
By early afternoon Thursday the Nasdaq Composite was down about 5.2%, the S&P 500 about 4% and the Philadelphia chip index more than 10%. These are live readings, not closes.
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Senate Democrats plan to probe JPMorgan's Epstein ties, with CEO Mary Erdoes in focus
CNBC reports Democratic staff on the Senate Finance Committee will examine how JPMorgan executives handled Jeffrey Epstein once the party takes control in January. The bank declined to comment.
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Fastly stock drops 24% after a record quarter, because its guide implies growth slowing to about 16%
The edge-cloud company reported $190.2 million of third-quarter revenue, up 20%, but guided the fourth quarter to $198 million to $202 million. Its biggest customers are also a bigger share of sales, and its sales chief plans to retire.
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Aeva posts record $6.7 million quarter, but a $43 million warrant gain is why it shows a profit
The lidar maker's third-quarter revenue rose 86% and it passed a European automaker's VDA audit. Its operating loss still widened to $39.1 million, and the stock sits about 68% below its May peak.
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Nasdaq falls into a correction as chip stocks crater, giving back Wednesday's whole rally
The Nasdaq Composite is down about 4% and the Philadelphia chip index about 9% at midday Thursday, with the S&P 500 off more than 3%. The Dow's 1,500-point election rally is mostly gone.
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OpenAI says GPT-6 Astra does less safety research work than identical coding work: 10% vs 16%
OpenAI's own alignment report finds its flagship model finished about 10% of hidden checklist items when a task was framed as safety research and about 16% when framed as capabilities work. The company says it could not pinpoint the cause.
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Voters rejected data centers in all but one of 41 local ballot measures, but outlets disagree on the count
Fox Business says 40 of 41 measures in 10 states went against data centers; the New York Post says 47 of at least 50. The gap matters for anyone pricing AI-buildout risk.
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Amazon drops Grubhub for Uber Eats: Prime members get $0 delivery on orders of $25 or more
Amazon made Uber Eats its restaurant delivery partner for Prime on Thursday and ended its Grubhub+ deal. Uber shares were up 2.3% before the open and DoorDash down 3%, but neither company says what restaurants will pay.
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China blocks SoftBank's $5.4 billion purchase of ABB's robotics unit, ABB confirms
ABB says Chinese regulators "prohibited" the deal, which had cleared Beijing's competition review in February. The FT reports the sticking point was a security review of robot data and supply chains.
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Wendy's rejects Trian's $1.4 billion buyout and adopts a poison pill as U.S. sales fall 7.6%
The board says the $7.35-a-share offer "substantially undervalues" the chain. The same morning, its third-quarter report showed net income down 66% and 268 fewer U.S. restaurants than a year ago.
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Helen of Troy rejects a $37 cash bid from Spectrum and Oaktree, and the stock jumps 25% to $37.04
The OXO and Hydro Flask maker said its board unanimously turned down the $1.6 billion proposal as too low. Shares closed four cents above the offer, a sign the market expects a higher price.
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Figma beats and raises, but shares fall 7% after hours as growth slows from 43% to a guided 33%
Revenue of $391.4 million topped Figma's own guidance by $16.4 million, yet the fourth-quarter outlook implies about 3% growth from the third quarter, and the company says it is giving customers more AI credits at the same price.
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Oracle drops a $7 billion deal to lease AI chips to Tencent after US pushback, FT reports
The Financial Times says the Trump administration raised concerns about up to 100,000 chips going to a Chinese buyer through Asian data centers. Oracle shares fell 1.9% on a day the Dow jumped 1,569 points.
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Qualcomm's phone-chip sales fall 26% to $5.1 billion, and cars and IoT fill only 56% of the gap
The stock slid about 6% after hours on a soft profit outlook, but the guidance is more mixed than the headline: revenue is guided above Wall Street, earnings per share a touch below.
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Zillow grows revenue 7% to $724 million as home sales revenue falls 4%: shares drop 16% after hours
Mortgages and rentals carried the quarter while Zillow's core residential business shrank, traffic fell, and a $165 million legal settlement turned a profit into a $158 million net loss.
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Dow jumps 1,569 points to 53,356 as oil sinks 8% and Democrats take Congress
Stocks closed sharply higher Wednesday: the Dow gained 3.0%, the S&P 500 1.6% and the Nasdaq 1.4%. West Texas crude fell 8% to $88.41, gold topped $4,000 and the VIX dropped to 16.6.
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3M's $7.35 billion PFAS deal is a $5.8 billion charge, and $1 billion of it isn't due until 2028
The stock jumped about 9% to its highest since 2018 after 3M settled most "forever chemicals" injury claims. The 8-K's payment schedule shows how little cash leaves in the next two years, and how much of the headline is conditional.
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Update: CVS stock drops 11% after announcing its breakup, wiping out about $13.5 billion
Investors marked CVS down about $13.5 billion in market value after it said it will split pharmacies from Aetna and Caremark. Analysts say the open question is whether the links between the two halves survive.
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Ethan Allen shareholders oust CEO Kathwari from the board and hand activist Bergeron control
Preliminary results from a proxy fight show shareholders replaced two directors and removed the chairman and CEO. The company had already promised a new CEO by June 30, 2027. The shares are up 4.7%.
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Novo Nordisk raises its 2026 outlook as Wegovy pill sales hit DKK 5.4 billion, but US sales are still falling
Novo lifted full-year sales growth to a range of -2% to +2% from -6% to 0% and obesity sales grew 22%, yet its US business is still guided to decline. The ADRs rose about 6% after a year in which they fell a third from their January peak.
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Dow jumps more than 1,200 points as Democrats sweep Congress, and has since added more
Stocks rallied Wednesday after Democrats won control of the House and Senate. By midafternoon the Dow was up about 1,530 points, or roughly 3%, while the 10-year yield eased to about 4.90%.
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Circle's revenue rose 17%, but without a $182 million token presale it fell about 8%
The USDC issuer's third-quarter results lean on the sale of its new ARC token. Interest income on reserves fell 8%, USDC in circulation was flat on the year, and the company cut about 5% of its workforce.
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Grainger raises its 2026 profit outlook to $47-$48 a share and the stock jumps 7.8%
The industrial supplier to repair shops, plumbers and factories posted $5.2 billion in third-quarter sales, up 14.9% on an organic daily basis. Its main North American business earned a thinner gross margin even as demand strengthened.
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HP hires GSK's Emma Walmsley as CEO with PC units down 16%, and its stock jumps 8%
HP picked a pharma chief with no hardware background to run a PC business squeezed by memory-chip costs. Its own August numbers show why: unit sales fell 16% while PC revenue rose 18%.
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Musk spent $474 million on the midterms and Texas flipped anyway: what it puts at risk
Democrats now control Congress and will hold the Texas governor's office, where Tesla and SpaceX have their biggest footprint. The Republican Legislature limits what Gina Hinojosa can do, but permits, incentives and congressional oversight are now in play.
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Kraft Heinz sells Maxwell House and Gevalia for $650 million, and its stock jumps 6.5%
The food giant is handing its North American coffee unit to One Rock Capital but keeping 30%. Its third-quarter profit still fell 13% on an adjusted basis, and the raised outlook leaves operating income guidance untouched.
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Update: CoreWeave and Iren fall 9% to 12% after Texas flips, while Microsoft and Amazon rise 7%
By late morning Wednesday the AI data center trade had split in two: neoclouds and memory sold off on the Texas governor result, while the hyperscalers that would pay for the buildout rallied. Here are the live numbers.
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Martin Marietta books a record $2.37 billion quarter, but profit per ton of stone falls 17%
Revenue jumped 28% on acquisitions, yet organic shipments slipped, the average price per ton fell 3.6%, and adjusted earnings per share dropped 11%. The company now guides to a lower aggregates price for the full year.
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Novo Nordisk lifts 2026 outlook a third time as Wegovy pill sales hit 5.4 billion crowns
The Danish drugmaker now guides to adjusted sales and operating profit between -2% and +2% at constant currency, up from -6% to flat, after its obesity pill beat forecasts. The pill is still about 7% of sales, and the guidance still assumes a US decline.
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Booking Holdings books a $1 billion FTC hit on Priceline, yet its stock jumps 10%
The parent of Booking.com and Priceline cut Q3 revenue by $900 million and accrued another $100 million over an FTC matter, and guided to slower bookings growth in Q4. Here is what the filing says and what it means for travelers.
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Oracle scraps $7 billion Tencent AI chip lease under US pressure, FT reports
A single-source report: the Financial Times says Oracle dropped a five-year, 100,000-chip lease to Tencent after Trump administration officials objected. Reuters could not verify it, and Oracle, Tencent and the White House have not responded.
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Bluetooth gets a 7.5 Mbps fast lane: HDT adopted, nearly 4x LE's 2 Mbps, devices due 2027
The Bluetooth SIG adopted High Data Throughput on November 4, an optional Core 7.0 feature that lifts the LE maximum bit rate from 2 Mbps to 7.5 Mbps. What it changes for earbuds, gaming and the chip companies, and what it does not.
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Anthropic's FlashProve proves which AI model answered, at about 72x the GPU time
The open-source prototype produces a cryptographic proof that a reply came from a committed model, at about 110 tokens a second on one H100. Anthropic calls it intermediate progress, and the repository is marked not maintained.
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Solar stocks jump up to 10% after the Democratic sweep: First Solar +9.8%, Enphase +10.2%
Clean-energy shares are rallying as AI data center names slide, a rotation strategists are calling the "blue trade." Here are the moves, what is driving them, and what has not changed yet.
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SpaceX picks Qualcomm to build Starlink Mobile's US 5G network, its biggest base-station win
Qualcomm says the multiyear deal is its largest 5G infrastructure initiative to date. Terms were not disclosed, no tower partners are named, and the big carriers are trading higher this morning.
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AG Mortgage Investment Trust (now TPG MITT) book value falls 7.3% to $9.27 as Cherry Hill deal nears
The mortgage REIT reported a $0.49 per share loss for the third quarter and earnings available for distribution of $0.21 against a $0.24 dividend. The Cherry Hill merger terms are unchanged.
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McDonald's U.S. sales fall 0.2% as traffic slips, but the miss was smaller than Wall Street feared
McDonald's beat on profit at $3.57 a share, and U.S. same-store sales did better than the 0.5% drop analysts expected. Customer visits still fell, and revenue missed.
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Datadog drops 13% before the bell after a $1.20 billion quarter and a guide that goes no higher
Datadog beat its own third-quarter forecast by about $60 million, then guided fourth-quarter revenue to $1.19 billion to $1.20 billion, no higher than the quarter it just reported. Shares were down 13.3% in pre-market trading.
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CVS to split in two by 2028, separating 9,000 pharmacies from Aetna and Caremark
CVS Health said it will become two public companies in the first half of 2028, unwinding the 2018 Aetna deal. It paired the news with a third-quarter beat and a higher 2026 profit forecast, and the stock is indicated lower before the open.
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Update: Palantir slips again after its Q3 beat as shorter enterprise contracts draw scrutiny
Palantir fell 1.65% to $175.40 on Tuesday after trading as low as $165.25, 16% below its October 9 high. The worry is not the quarter but how long its new corporate customers are signing for.
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Apple falls 1.9% after guiding margin down to 45%-46%, the first miss of the Ternus era
Apple's December-quarter gross margin forecast sits below the Street's 46.3% average, and the CEO's first call drew complaints about vague answers. Revenue guidance was actually better than expected.
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Bloomin' Brands bids $26.3 million for 61 Outback restaurants as its biggest western franchisee files Chapter 11
Out West Restaurant Group filed for bankruptcy on November 2, and Outback's parent signed a "stalking horse" deal to buy its assets. The 8-K shows how the deal is built, and what it means for a franchisee carrying old debt.
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Google lets schools switch off Gemini, but not Search's AI, which flagged student distress 58% of the time
Google will turn Gemini and Search off by default for K-12 student accounts until administrators opt in. Schools can enable Search without Gemini, but the AI inside Search comes with it. The 58% figure is Common Sense Media's test of AI Overview, not Google's own data.
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Apple's 10-K warns AI agents may "defy directions": AI mentions jump from 6 to 55
Apple's fiscal 2026 annual report adds a new warning that AI agents can act on their own and may behave "in unintended or unpredictable ways." Our word count of the two filings shows the AI language grew ninefold. The filing describes risks, not incidents.
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CrowdStrike launches an AI kill switch for rogue agents as it chases $6.6B in recurring revenue
The tool is available today, but its first stop control works at the AI gateway; killing an agent on the endpoint itself is "soon." Only one customer is quoted by name, and no independent test results have been published.
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Super Micro posts $19.9 billion quarter, but margin falls to 12.7% and operations burn $434 million
The server maker beat even its own raised preview, guided December-quarter sales to $19.5 to $21.5 billion and the full year to $72 to $82 billion. The profit rate and the cash flow tell a different story from the headline.
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AMD posts a record $13.4 billion quarter and guides to $17 billion; shares jump 7% after hours
Data center sales nearly doubled to $8.5 billion, and AMD says revenue beat the top of its own guidance. The fourth-quarter outlook implies a 27% jump in one quarter. The shares were already 25% below their October high.
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Meta seeks up to $25 billion in bonds as AI spending hits $34.9 billion in a quarter and cash flow goes negative
Meta filed a five-tranche dollar note offering on November 3 and a euro leg may follow. Its free cash flow was negative $2.12 billion last quarter, and long-term debt stands at $80.9 billion.
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Marathon sells two refineries to Icahn's CVR Energy: $4.2 billion headline, about $5 billion with working capital
The $4.2 billion price in the headlines is only the base. CVR's own filing adds $0.8 billion for working capital, and lays out how a company with $1.3 billion in cash plans to pay for it.
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Aramco profit jumps 34.5% to $36.3 billion as attacks hit its pipeline, but $5 billion was a one-off
Saudi Aramco's third-quarter underlying profit rose a more modest 9% to $31.2 billion, with free cash flow at $28.2 billion and a $21.9 billion dividend, in a quarter when drones shut its East-West pipeline.
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Energy Transfer lifts 2026 EBITDA outlook to $19.7-19.9 billion, eyes $7 billion of 2027 growth spending
Third-quarter adjusted EBITDA rose 31% to $5.03 billion, but nearly half the gain came from Sunoco, and the new guidance implies a softer fourth quarter.
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Keurig Dr Pepper trims its legacy profit outlook as shoppers trade down on coffee
KDP beat Q3 estimates at 66 cents a share, but cut growth expectations for its legacy business to 3%-5% because U.S. Coffee is recovering more slowly. A $99 million tariff refund flattered the coffee numbers.
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Bayer CEO says the $7.25 billion Roundup settlement could come "any week now," before Christmas
About 65,000 claims remain in U.S. courts. A St. Louis judge is reviewing the proposed deal, and Bayer says far fewer individual cases would be left once it lands.
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Pfizer raises 2026 guidance as Eliquis jumps 25%, but revenue is flat and Covid still drags
Pfizer lifted its full-year revenue and profit outlook on Tuesday while third-quarter sales were flat at $16.58 billion. Here is what carried the quarter, what the new range really implies, and how much Covid still weighs.
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Disney plans several thousand layoffs and tells some managers to cut costs by up to 20%
It is the fourth reported round this year under CEO Josh D'Amaro, and by far the biggest. Disney reports fiscal fourth-quarter results on Nov. 17, when investors will look for a savings figure.
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Pentagon treats freezer failures at 6 military base stores as a suspected hack, four officials say
Reuters reports Cyber Command and Army investigators are probing August outages at base commissaries, and have been in touch with France. Nothing is confirmed, and the link to Monday's attack in Europe is not established.
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Apple posts record $114.5 billion quarter, but a tariff refund padded the margin and iPad fell 10%
In John Ternus's first report as CEO, Apple beat revenue estimates by about $1.1 billion. The release shows a tariff refund lifted gross margin by roughly a point and EPS by 5 cents, and the new iPhone Duo is not in the numbers yet.
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Palantir doubles revenue, but new contracts signed grew only 6%: the number behind the beat
Palantir's third-quarter revenue rose 96% to $2.313 billion and U.S. commercial sales passed U.S. government sales for the first time. The contract value it signed in the quarter rose just 6%, and its fourth-quarter guide implies slower growth.
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Hackers heat supermarket freezers to 50C across Belgium, Sweden and Ireland: a second attack in a month
A Monday overnight attack on refrigeration controls hit Delhaize, Colruyt, Carrefour, ICA, Coop and SuperValu stores, spoiling stock and echoing an October attack in France. No one has claimed it, and no ransom was reported.
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Anthropic's revenue growth slows to 47% a quarter as compute costs jump 77%, amended S-1 shows
The updated IPO filing puts third-quarter revenue at $16.96 billion and swings the company to a $567 million operating loss. The $104 billion nine-month net loss that grabs headlines is mostly something else.
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Oracle files to sell $10 billion of stock and $10 billion of bonds; shares fall 5.5%
The filings turn last week's Investor Day plan into an offering: about 76.5 million new shares at the October 30 price, six bond maturities, and a credit market already pricing Oracle like a high-end junk name.
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Marvell's $115 billion Lumentum deal is already worth about 27% less per share
Marvell agreed to buy Lumentum for 4.5 of its own shares apiece. The $1,132 headline price was set on October 28 prices; at Monday morning's quotes the offer is worth roughly $827, and Lumentum trades below even that.
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Strategy buys 811 bitcoin for $65.5 million after a quiet week, then spends $208 million on STRC buybacks
Strategy's filing this morning ends a week with no bitcoin purchases. The new buy is about 0.1% of its holdings, and the company put three times as much cash into buying back its own preferred stock.
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Intel plunges 28.6% in a day: a record data-center quarter, then a 25-cent profit forecast
Intel beat on third-quarter revenue ($16.5 billion, up 21%) and data-center growth of 78%, but guided fourth-quarter earnings to $0.25 a share and said the PC slowdown lasts into the first half of 2027. The stock fell from $92.07 to $65.76 on Friday, Oct. 30.
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Alphabet suffers its worst day on record, down 12.6%, despite Cloud growth of 103%
Google's parent beat on revenue and Cloud, but its own filings show free cash flow turned negative at minus $9.1 billion as quarterly capital spending hit $51.4 billion. The stock fell from $324.89 to $283.82 on Thursday, Oct. 29.
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OpenAI cuts funding goal by a third to $20 billion as target valuation falls $150 billion
OpenAI is now seeking about $20 billion at a reported $1.25 trillion valuation, down from a $30 billion goal and $1.4 trillion target. The financing has not closed, and the company did not confirm the revised terms.
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S&P puts Meta on negative outlook as 2027 cash deficit could hit $71 billion
The rating agency kept Meta at AA- but warned its AI buildout could keep free operating cash flow negative beyond 2028. The forecasted 2027 deficit equals about 86% of Meta's quarter-end cash and marketable securities.
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Nasdaq slides 2.9% as Intel crashes 29.8% and the chip rout deepens
The index was down more than 4% across two sessions by 12:59 p.m. ET. Intel, AMD and Nvidia show that Friday's selloff has spread beyond one earnings miss.
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Refining margins lift Exxon Energy Products and Chevron downstream earnings
Exxon's adjusted Energy Products earnings more than doubled from the second quarter, while Chevron's downstream earnings more than quadrupled from a year ago. Both broader segments benefited from stronger refining margins.
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DoorDash’s $17 billion Instacart deal has a cash bill of at least $12.75 billion
The definitive agreement changes the story from takeover talks to financing, shareholder elections and a regulatory wait extending into 2028, followed by integration risk.
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Gilead raises its sales outlook by $900 million, but its loss forecast gets worse
HIV growth is real. So are acquisition charges, a lower cash balance and a Medicare pricing change beginning in 2028 for the company’s largest franchise.
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Reddit revenue jumps 53% while its US audience shrinks. The login plan is the next test
The shareholder letter reveals a search-referral decline and possible fourth-quarter audience contraction beneath the earnings report, explaining why management is testing a login-first model.
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Starbucks revenue fell 4% while US comparable sales rose 7.7%. China explains the split
The 2027 forecast also includes an extra week worth about $700 million in revenue, complicating the turnaround comparison before any underlying operating improvement is measured.
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Intel grows data-center sales 78%, but its next-quarter revenue outlook steps backward
Server demand lifts the third quarter while the client business contracts. The fourth-quarter guide puts revenue about 6% lower at its midpoint, with a smaller adjusted margin.
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Sandisk sales jump 378% to $11 billion as data centers drive the next leg of growth
Data-center revenue supplies most of the sequential increase. An eight-for-one split changes the share count, not the underlying business value, operating performance or investor ownership.
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Amazon posts $33.5 billion quarterly free cash outflow despite 39% AWS growth
Equipment spending consumed almost twice the cash generated by operations. The quarterly shortfall explains most of the deterioration in Amazon’s trailing-year free cash flow.
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Chipotle says its low-income diners outspent its high-income ones for the first time this year
The burrito chain missed on profit but its traffic grew, and the detail that moved the stock up 7% cuts against the whole K-shaped-consumer story: the lower-income customer came back.
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Microsoft beats, Alphabet slumps 10% as AI spending turns Alphabet cash-flow negative
Both hyperscalers are spending record sums on artificial intelligence. After the close on Wednesday the market split them on one line: Microsoft kept its free cash flow positive, while Alphabet burned $9.07 billion and posted its first full miss in nearly four years.
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Stellantis slashes its quarterly loss 90% to 453 million euros, reaffirms 2026 outlook
The Jeep and Fiat maker returned to a year-to-date profit and kept its full-year guidance, but most of the improvement is the absence of last year's giant one-off charges, not a jump in underlying profit.
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Airbus holds its 870-jet 2026 target, banking on a record fourth-quarter surge
Airbus kept all of its full-year targets after nine months, but it has delivered only 547 of a planned 870 commercial jets, leaving a delivery push larger than anything in its history for the final quarter.
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RFK Jr. clears 6 unapproved peptides for compounding as FDA scientists warn on safety
HHS says it will not act against pharmacies that make BPC-157 and five other peptides that the FDA has never approved. Telehealth and compounding stocks moved: Hims & Hers rose about 5%.
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Apple unveils its first touchscreen MacBook Pro at $2,899, shipping November 6
Apple put a touch screen on the Mac for the first time, built around a new PROLED XDR display, and capped a two-day product blitz that also brought a cheaper M6 MacBook Pro.
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Oracle bets on a $30 billion cash-flow turnaround by 2029 as AI capex peaks
At its October 28 Investor Day, Oracle told investors the cash drain from its AI data-center buildout reverses: positive free cash flow in the second half of fiscal 2028 and $30 billion or more in fiscal 2029.
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Anthropic may hand retail investors up to 20% of its IPO, warns some AI risk is uninsurable
Bloomberg says Anthropic is weighing a 15% to 20% retail allocation, led by JPMorgan. The S-1 itself warns that no insurer, or the whole industry, may be able to cover a catastrophic AI incident.
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Elvis Presley's owners sue Anthropic over 274 songs, seeking up to $48.6 million
The rights holders say Anthropic copied the lyrics to 274 Presley recordings to train Claude and stripped the credits. The $41.1 million headline is the copyright claim alone; two DMCA claims take it to $48.6 million. Anthropic says it will defend.
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Labubu maker Pop Mart says Q3 sales fell 45% to 50%, with the Americas down 70% to 75%
The collectibles company's shares fell as much as 6% in Hong Kong after a filing showed the toy craze cooling fast overseas. Jefferies had expected a 30% drop.
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Extra Space Storage raises its 2026 forecast to $8.40-$8.50 a share as costs fall 1.8%
The self-storage landlord grew same-store revenue 2.7% in the third quarter, but cut repairs by 20% and insurance by 16.5%, and its own guidance implies a softer fourth quarter. It also named a new CEO.
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Cheesecake Factory comparable sales jump 15.2%, but $12.9 million of the profit is a one-time gain
The namesake restaurants earned a 15.9% operating margin, up from 13.5%, on sales growth almost no casual-dining rival can match. Strip out an acquisition-related gain and the quarter is still strong, with two weak spots underneath.
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JetBlue jumps 19% after denying restructuring talks, but its equity is down 37% in nine months
The CEO says there is no bankruptcy plan, and the Q3 filing shows $2.2 billion of liquidity. It also shows a $257 million loss, shrinking cash and a fuel bill that keeps rising.
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UPS raises its 2026 forecast to $92.6 billion in sales and the stock jumps 5.8%, on fewer, pricier parcels
UPS earned more on each parcel in the third quarter, and its own numbers imply it carried fewer of them in the U.S. Here is what the release says, and who pays for it.
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Boeing falls 9.6% as the 737 Max ramp slips to late 2027, with the commercial unit losing 6.5% on sales
Boeing's record $745 billion backlog did not help on Tuesday. The company says the 737 stays at 47 a month until wing output catches up, and the jet business lost money again in the third quarter.
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GM leaves the NYSE for Nasdaq on Nov. 17, and its stock jumps 4.8%
The 115-year NYSE listing ends November 16. What changes for the automaker is index eligibility, not the ticker or the shares in your account.
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HSBC's 32% profit jump is mostly a $1.4 billion legal bill that did not repeat: underlying up about 10%
Europe's biggest bank earned $9.6 billion before tax in the third quarter and announced a buyback of up to $1 billion. Strip out last year's legal provisions and growth is closer to 10%, with capital still below the bank's own target range.
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Applied Materials lifts its BE Semiconductor stake to about 20%, with no board seat and a cap
The chip-equipment maker is betting on hybrid bonding for AI chips. Its own release says the purchase waits on U.S. antitrust clearance and that it does not plan to go past 20%.
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DoorDash in advanced talks to buy Instacart for about $17 billion, and DoorDash stock drops 6%
Reuters and the Wall Street Journal report a deal could come as soon as Wednesday. The price is roughly 31% above Instacart's Friday value, and the buyer's own shareholders reacted badly.
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Dollar General sued by the FTC and 20 states over shelf prices, and its stock drops 4.7%
The suit says the chain charged more at the register than the shelf tag showed, at thousands of stores. Ohio had already sued over the same complaint in 2022 and settled for $1 million.
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Microsoft offers buyouts to 60,000 workers, 27% of its staff, with exits set for Dec. 31
The voluntary exit offer reaches the vice president level in the U.S., Canada, India and the U.K. It follows April's first-ever retirement program, as Microsoft balances a costly AI buildout against cash flow.
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Verizon raises guidance for a third time and signs a $2 billion AWS deal, but its stock falls 2.6%
Verizon's best quarter for phone customers in five years came with lower promotions, not higher ones. The stock is still 15.6% below its September peak, after the spectrum scare earlier this month.
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EQT pays Range Resources holders a 20.6% premium in an all-stock deal, and EQT stock falls 3.7%
EQT will absorb Range at 0.987 of an EQT share per Range share, creating a gas producer with an enterprise value above $50 billion. The terms in the filing show what Range holders get, and what EQT holders give up.
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Anthropic's S-1: $16.3 billion of revenue in six months, and an $80.7 billion loss that is 90% revaluation
The public IPO filing shows sales up 14-fold from a year earlier and an operating loss of just $693 million. Almost all of the net loss is a non-cash markup of the company's own convertible notes. The price range is still blank.
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Meta's "$95 billion" stock raise is $35 billion today, and $22.5 billion of it brings no cash until 2027
Meta's filings show the headline number is two things: $35 billion of offerings launched this morning and a $60 billion at-the-market program it has not agreed to yet. Here is what is actually on the table.
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Anthropic confirms Claude pulled paywalled Georgia vote counts, but no voter files or records
Georgia officials and Anthropic agree on the limits: aggregate counts from a public data hub, not the voter registration system. They differ on how it should be described.
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Musk says SpaceX closed $40 billion of GPU debt and 200+ AI neoclouds will fail or merge
The financing first reported in talks on October 7 is done, Musk says, and the money lands in the first half of 2027. His claim that debt markets are shut to AI-only borrowers is the part rivals will feel.
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EA closes BioWare and ends Mass Effect development, with about 400 jobs cut, Bloomberg reports
EA's own announcement confirms the studio closure and the end of early Mass Effect work. The 400-job and 3% figures come from Bloomberg, not from EA, and EA gave no headcount.
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Wells Fargo and Intuit join OKXICE tokenized-stock objections, which reach 22
An October 23 notice added six companies, up from 16 four days earlier. The notices do not say why they object. The venue is not live yet.
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Ukraine rebuts Musk on Starlink: deep strikes "physically impossible" under 70-90 km/h speed caps
Kyiv's defense-technology adviser disputes Elon Musk's claim that the military used Starlink for offensive drone strikes. Starlink's government and enterprise arm brought in $2.13 billion last quarter, per CNBC.
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Amgen's Imdelltra cuts small cell lung cancer deaths 58% in a Phase 3 trial: 21.1 months vs 12.7
The DeLLphi-305 results, shown at ESMO on Saturday, come for a drug that sold $288 million last quarter. The first-line setting is far larger than where it is sold today.
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Audi picks Georgia for its first US factory: $4 billion, 4,500 jobs, but no cars until the 2030s
Trump announced the Macon plant at a Saturday rally. The investment is $4 billion by Audi's account and $4.2 billion by Trump's, and the timeline is the part that matters for tariffs and car prices.
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OpenAI restarts training of its top models after a pause, discloses a Brotli flaw used by Node.js, Bun and Envoy
Training resumed Oct. 1 with no internet access, OpenAI says. Outside testers METR and Redwood Research found new weaknesses and have not verified the company's fixes.
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Amazon's Jassy says AWS is largely sold out through 2027, with a $220 billion capex bill and earnings Oct. 29
On a video podcast, the Amazon CEO described 2026 capacity as fully committed and most large 2027 allocations as reserved. The question for investors is whether $220 billion of spending is matched by bookings.
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JetBlue's creditors line up restructuring adviser PJT Partners as shares sit 42% lower this year
The Wall Street Journal reports a senior creditor group is working with PJT Partners. JetBlue carries $8.5 billion of debt and finance leases against $1.66 billion of cash, and says it is confident in its plan.
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Apple is $9 billion short of passing Nvidia as the world's most valuable company
Apple is worth $5.07 trillion to Nvidia's $5.08 trillion, a 0.2% gap, with the iPhone Duo on sale and earnings on Nov. 2. The part the headlines skip: services make 28% of Apple's sales but 42% of its gross profit.
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Dow drops 653 points as Brent settles at $116.72 and oil stocks hit records
The Dow lost 1.23% on Friday, the S&P 500 fell 0.52% and the Nasdaq Composite slipped 0.21%, as Iran fears pushed oil to a six-month high and the 10-year Treasury yield climbed back to 5.00%.
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SpaceX reportedly wants 80,000 US cell sites: Crown Castle jumps 9%, AT&T and T-Mobile fall 6%
Bloomberg reports SpaceX is in talks to access at least 80,000 cell sites to build a fourth US wireless carrier. Nothing is confirmed, and analysts say any real competitive impact is years away.
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American Express cuts 5% of its workforce as record revenue tops $20 billion
The card company raised its 2026 profit outlook the same morning it took a $336 million restructuring charge, saying the layoffs are meant to "prepare for AI." Its filing shows what the cuts sit next to.
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SK Hynix shelves the Solidigm US IPO that was meant to raise $15 billion, after Korean regulators object
Four weeks after Reuters reported a listing valuing the SSD maker at up to $150 billion, SK Hynix has suspended its review, citing market volatility and Seoul's dilution concerns.
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Western Digital revenue jumps 55% to $4.38 billion and it guides to $5.1 billion, yet the stock is down 52% from June
The disk-drive maker beat its own August outlook and raised its dividend 17%. The shares closed Thursday at $354.19, down 6.4% on the day.
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Retail is buying the chip dip at a 16-week high while institutions cut risk, Citadel says
Citadel Securities strategist Scott Rubner says retail investors bought semiconductor, neocloud and memory stocks last week at the fastest pace in 16 weeks. Since Oct. 5, SMH is down 17.4% and CoreWeave 36.4%.
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Moderna loses 17.6% in a day after a leak of its melanoma vaccine data, which beat Keytruda alone
Partial results from the Moderna and Merck cancer vaccine hit social media before the companies published them. The full data showed a 42% lower risk of recurrence or death, and the stock still fell from $245.81 to $202.63.
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Nasdaq 100 falls 2.9% as Meta drops 7% and chip stocks lose 8%, while Treasury yields plunge
The Dow ended flat, the S&P 500 fell 1.2% and the Nasdaq 100 lost 2.9%, its worst day in three months. The 10-year Treasury yield fell 17 basis points to 4.96%, and gold and silver fell with stocks.
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Lockheed raises 2026 outlook as Pentagon backs 850 F-35s, but only 94 jets delivered so far vs 143
The 10-year F-35 framework needs Congress to fund it, and Lockheed's own filing says costs on Lot 20 have already passed the money authorized. Backlog hit a record $292.0 billion.
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WSJ: Musk ordered the Starlink slowdown that hit Ukraine's drones; Trump says he was not involved
The Wall Street Journal says the order came from Musk himself. The White House says otherwise, SpaceX has not commented, and the dispute lands on the day a 1.3 billion-share lockup opens.
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Meta gives Zuckerberg a way to pay California's billionaire tax and keep control: 8-year residency pledge
Reuters reports that Mark Zuckerberg agreed to stay in California for eight years in exchange for non-voting Class C shares he can sell if Proposition 40 passes on November 3. Prediction markets put its odds under 30%.
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P&G beats on sales but warns commodities will cost $1.4 billion this year: margin down 150 points
Procter & Gamble grew sales 4% to $23.3 billion, yet earnings per share rose only 1%. The company's own release shows where the money went: raw materials, energy and freight, plus price cuts it chose to make.
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American Airlines posts record revenue and still widens its 2026 loss: fuel hits $4.70 a gallon
Revenue rose $2.6 billion in the quarter, but fuel rose $1.9 billion and interest costs took what was left. The airline now guides to a full-year loss of $1.00 to $1.60 a share and slower growth in 2027.
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DeepSeek raises about $15 billion, double its target, as Tencent and CATL back its path to an IPO
The Chinese AI lab is wrapping up a 100 billion yuan round, per Reuters. Reported valuation of about $75 billion comes from CNBC, not from the Reuters report.
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Tesla wants Cybercabs in customers' hands by year-end, with a federal answer due October 30
Tesla's engineering chief said it aims to deliver the steering-wheel-free Cybercab to customers this year, while NHTSA's certification probe is still open. Musk's "demand exceeds production" line was about Tesla's cars, not the Cybercab.
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Comcast is planning significant job cuts across cable, broadband and wireless, Bloomberg reports
Cuts could be announced within weeks as part of a restructuring that follows Comcast's plan to split into two public companies. No headcount has been reported.
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Tesla registrations jump 72.5% in Europe as car sales rise 10%; BYD nearly doubles
New car registrations across the EU, UK and EFTA rose 10.2% in September to 1.36 million, with battery-electric up nearly 60% and petrol and diesel falling, per ACEA data.
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AT&T falls 6.5% after raising its outlook; TI revenue jumps 28%, Lam guides to $8.6 billion
Four companies reported on Wednesday: IBM beat on revenue and profit, Texas Instruments grew 28% with a flat-looking guide, Lam Research posted a record quarter, and AT&T raised its 2026 earnings outlook but closed sharply lower.
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SpaceX is adding 200,000 GB300 chips a month: Q4 spending jumps to $35-40 billion
Musk's prepared remarks put the pace at roughly 200,000 GB300s a month, and half of SpaceX's compute is already rented out at spot rates. That makes it a landlord competing with the neoclouds.
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Tesla's profit fell 43% as spending on AI and robots doubled to $4.7 billion in a quarter
Tesla's own Q3 deck shows flat revenue, a 56% drop in operating income and free cash flow of $1.5 billion, down 62%. The year-over-year profit decline is larger than some summaries say.
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Meta creates a non-voting stock class to fund AI spending: $135-145 billion capex, cash flow negative
Meta reported $64.6 billion in third-quarter revenue, up 26%, and said it will issue a new Class C share for every existing share. The release spells out why: capital raising, employee pay and acquisitions, with Mark Zuckerberg's control untouched.
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Southwest cuts its 2026 profit forecast by about a quarter, and fuel at $4.55 is the reason
A record $8.4 billion quarter, and the airline still lowered full-year earnings to $2.60 to $2.85 a share. Its own release shows fuel cost $821 million more than a year ago and is assumed to rise another 16% in the fourth quarter.
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Stocks close higher: Nasdaq jumps 1.05% and SpaceX gains 7.8% as AI shares rebound
The S&P 500 rose 0.58% to 7,757.17 and the Nasdaq Composite climbed 1.05% after SpaceX's results and Tesla merger talk, while the 10-year Treasury yield held at 5.13%.
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eBay cuts 9% of its workforce, about 1,000 jobs, its second round in eight months
Two rounds this year add up to roughly 1,800 jobs, about 15% of the staff eBay had at the end of 2025. The stock is within 1.3% of its 52-week high and the company says it will keep hiring in priority areas.
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Meta must pay New Mexico $25 billion, equal to 41% of its 2025 profit, and it accrues 15% interest
A judge cut the state's $219.5 billion claim to $25 billion in the Cambridge Analytica case, hours before Meta reports earnings. The fine is 1.4% of the company's market value but 1.6 times its latest quarter's profit.
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Abbott will spin off its $8.5 billion Similac and Ensure business and cut its sales outlook
The maker of Similac, Ensure and Pedialyte plans a tax-free separation by the end of 2027. The same morning it lowered 2026 sales growth to about 6%, from 6.5% to 7.5%.
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Microsoft, Alphabet and Goldman Sachs block OKXICE tokenized stocks as objectors reach 16
Sixteen companies have now used the SEC's opt-out to keep tokenized versions of their shares off the planned NYSE-owner and OKX venue. Its co-chair calls that "a very natural response."
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Michael Burry swaps AI shorts for put options: "I am moving timelines up"
Five days after adding to shorts on Micron and chip stocks, Burry told subscribers he had repositioned into puts expiring as far out as September 2027. His reasoning leans on Ares Management research about AI revenue.
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Netflix cuts its 2026 ad revenue forecast by 10% to $2.7 billion; shares fall 5% after hours
Netflix's third quarter landed on its own forecast, with a 34.6% margin. The detail that matters is buried in the outlook: ad sales for the year are now seen at about $2.7 billion, down from roughly $3 billion.
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Bank stocks just lost six weeks straight, the longest streak since 2008: Goldman is down 23%
The KBW Bank Index sits 12.5% below its August record while the S&P 500 is within 1.4% of its high. Rates, not earnings, are the pressure.
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Super Micro says quarterly revenue will beat its own forecast by about $4 billion
The server maker pre-announced $18.5 to $19.5 billion for the September quarter against its $14.5 to $15.5 billion guidance, with a wider margin. The numbers are unaudited, and the full report is on November 3.
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United cuts its 2026 profit forecast by about a third: the $4.80 fuel assumption behind it
Record revenue, but United guides fourth-quarter earnings to $0.50 to $1.50 a share against $1.76 expected. In its own filing, the gap between its fuel price and Wall Street's is worth about $1.00 a share.
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Musk says Tesla and SpaceX boards have formed merger committees: Tesla would need 50% of all shares
On SpaceX's earnings call, Elon Musk called a combination a "good idea" and said independent directors at both companies are weighing it. The vote math is the hard part.
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SpaceX beats with $14.58B revenue, up 161%: AI sales jump ninefold to $7.56B and turn profitable
Revenue topped the $12.72 billion consensus and AI is now the biggest business. Starlink still earns most of the profit, and the headline earnings figure is not like for like.
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Stocks close higher: Dow gains 1.1% as health care leads and oil swings $9 in a day
The S&P 500 rose 0.44% and the Russell 2000 jumped 1.7% as investors rotated into health care and value, while the 10-year Treasury yield eased to 5.12%.
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FAA certifies Boeing's 737 Max 10, unlocking about 30% of its 737 backlog; shares slip 0.6%
The sign-off ends a delay of more than six years for the last jet in the Max family. Boeing can now deliver it, but airlines say the first planes will not fly passengers until spring or summer 2027.
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Meta, Tesla, IBM, Lam and TI report after Wednesday's close: Meta's $145B capex is the test
Six companies report after the bell Wednesday, October 21, and AT&T reports before the open. Here is the time, the consensus and the one number that matters for each.
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Anthropic in talks for a second Nscale deal worth about $45B, days after Microsoft pulled a UK site
Per CNBC and Bloomberg, the talks cover a second 460-megawatt data center at the same West Virginia site. Nothing is signed, the figure comes from one unnamed source, and neocloud stocks are under pressure.
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SpaceX reports tonight: Wall Street wants $12.72B revenue and 13 cents a share, options price a 6% move
The second report since the June IPO lands after the bell. The August report knocked 13% off the stock; this time options imply less than half that. Results were not out when we published.
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Northrop Grumman backlog hits $109.6B on 1.5x book-to-bill, guidance raised, shares up about 5%
Third-quarter sales rose 7% to $11.1 billion and EPS was $7.89, but a $371 million equipment-sale receipt flatters the quarter's free cash flow.
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GE Aerospace orders jump 49% to $19.0B and guidance rises, yet the stock is down about 4%
GE Aerospace lifted its 2026 adjusted EPS guide to $8.00-$8.10 after a third quarter of $2.25 adjusted EPS, but free cash flow fell 14% and the shares are trading lower.
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Walmart takes aim at Amazon Prime: a $120 bundle with Sam's Club, $19 cheaper
The new annual-only membership packs warehouse access, free delivery from both chains, a streaming service and gas savings into one fee. For independent grocers and gas stations, it is a price anchor to compete against.
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GM beats and unveils a $20B buyback, but shares sink 4.9% on its outlook
Adjusted EPS of $3.70 and revenue of $50.02 billion topped forecasts. The sell-off comes from a full-year midpoint $0.16 below what analysts wanted, and a $2 billion commodity bill.
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Salesforce bets $5.66B on Braze: $47.50 a share in cash, a 58% premium
The $5.66 billion deal is small next to Salesforce's roughly $200 billion market value, but the gap between Braze's price and the offer shows how much time and regulatory risk traders are pricing in.
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Silgan's $3.4 billion Trivium deal is really a 60/40 metal-can partnership with American Industrial Partners
The headline price is 7.1x Trivium's EBITDA, but Silgan is also selling 40% of its own can business at 8.1x and taking about $2.3 billion in cash. Closing is not expected until mid-2027.
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Stocks close higher: Nasdaq up 1.1% as chips bounce from the AI rout, Dow flat, VIX down 9% to 18.27
The S&P 500 gained 0.41% to 7,690.78 and the Nasdaq 100 rose 1.17%, but the 10-year yield climbed to 5.15% and CoreWeave gave back its upgrade gains. Amazon rose 5% on a Morgan Stanley call, not on the chip headline.
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Apple sets October 28 "Pro and tell" event, expected to show its first touchscreen Mac laptop
The invitation lands on the same day the Fed announces its rate decision. Macs are about 10% of Apple's revenue, and the shares are up 26% this year.
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Netflix reports Q3 on Oct. 20: guidance was $12.86 billion in revenue and a 33.2% margin
Netflix's own forecast sets the bar: revenue growth of about 12% and an operating margin of 33.2%, up from 28.2% a year ago. Ads, pricing and the first earnings since a 6% layoff are what traders will be watching.
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Nasdaq 100 up 1.4% at 3:20 PM as chips bounce, while the Dow lags and oil and gold slip
The S&P 500 is up 0.6% and the Nasdaq 100 1.4% after last week's AI rout, with Amazon, Datadog and memory stocks leading. Treasury note futures are lower, so the rebound has not come with cheaper borrowing.
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Cleveland-Cliffs jumps 16% after Q3 EBITDA of $612 million beats its own guide and 2027 is seen above $4 billion
The steelmaker earned $0.26 a share after a loss in Q2, guided to about $715 million of EBITDA in Q4, and said it would idle Stelco's galvanizing lines indefinitely. Here is what the release says, and what it leaves conditional.
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Nasdaq 100 jumps 1.2% at the open as chips rebound from a 6% tech rout; Netflix, Meta, Tesla report this week
Stocks bounced after the worst week for tech since April 2025, but oil near $100, French bond stress and Oracle's credit spreads are still in play, with a dozen big earnings reports and the Fed on October 28 ahead.
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No, JPMorgan is not dumping $165 billion of stocks on Monday: the viral claim is a recycled June rebalancing estimate
A post with more than 200,000 views says JPMorgan will sell $165 billion of U.S. stocks today. The number is real, but it is a June estimate of what other pension and sovereign funds might sell at quarter-end.
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Strategy buys 267 bitcoin for $22.1 million, spends $193.1 million on STRC buybacks and raises the program to $3 billion
The filing behind Sunday's "more orange" hint shows a small bitcoin purchase, a preferred buyback nine times larger, and a board decision to add $1 billion of room for more buybacks. Holdings are now 848,517 BTC.
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Musk's SpaceX share for every US child: 72 million shares, about $10.5 billion, 1.5% of his stake
Elon Musk pledged one SpaceX share to each American child next year, with no details on how. At Friday's $146.03 close that is about $146 a child and roughly 0.5% of the company's value.
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Deutsche Bank plans Bitcoin and Ether custody for European institutions, pending regulatory clearance
The German bank says its custody service would start with Bitcoin, Ether and three stablecoins, USDC, EURC and EURAU, for corporate and institutional clients. It still needs a regulatory green light.
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S&P 500 rose in the 12 months after all 19 midterm elections since 1950; we get a 14.8% average, not 15.5%
We rebuilt the midterm-year record from index closes. The 19-for-19 record and the 17.5% average worst drawdown hold up; the average post-election gain is 14.8% on our method.
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100% bonus depreciation is permanent for property acquired after January 19, 2025: no phase-out is scheduled
The tax break behind the AI building boom, and behind every truck and oven bought this year, does not step down on a schedule. Only the carve-out for new factories has an end date.
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Chip ETF SMH is 14.9% below its October 5 high and already under its 150-day average
A widely repeated view says the semiconductor ETF could fall back to its 150-day average. By Friday's close it was already 1.7% below it. Micron's own results do not say what the claim says.
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MSCI adopts non-operating company rule: Strategy and Metaplanet flagged, final list due Nov. 11
MSCI has finalized a screen that could remove Strategy, Metaplanet and Yellow Cake from its global indexes after the close of trading on November 30. None is confirmed yet, and the $2.8 billion figure circulating belongs to an older proposal.
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Microsoft ends Nscale's Loughton data center deal weeks after the IPO filing: what the S-1 says about customer risk
The Telegraph reports Microsoft terminated its agreement for a UK site. Nscale's own prospectus shows how much of its business rests on a few customers, and which Microsoft contracts the report does not touch.
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Stocks close lower: Nasdaq 100 falls 2.5% as AI infrastructure sinks, Brent settles at $109.86
CoreWeave, Nebius and IREN lost about 12% each and the VIX jumped to 20, while Iran's Hormuz attacks pushed oil higher and the 10-year yield eased to 5.09%.
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Nasdaq 100 slides 1.9% at midday as CoreWeave, Nebius and IREN fall 10% or more; big banks rise
The AI-infrastructure trade is driving Friday's drop, while JPMorgan, Citigroup and Wells Fargo trade higher and Nvidia is off less than 1%. Rate-hike fears are the common thread.
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SK Hynix falls 11%, Samsung 9.5% and Advantest 15% in a chip rout Wall Street barely felt
Asia's memory and chip-equipment names took the worst of this week's AI funding sell-off on Thursday, while in New York only Dell fell hard and the Nasdaq finished flat.
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Penske Automotive agrees to go private at $212 a share, up from a $210 proposal, in a $16.3 billion deal
Penske Corp and Mitsui raised their July offer by $2 after a special committee hired advisors. Penske Corp would end up with about 64%, and the deal is expected to close in the first quarter of 2027.
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CoreWeave credit default swaps hit 1,038 basis points, a level S&P calls distress
The cost of insuring CoreWeave's debt rose again on Thursday while the stock bounced 5.9%. The company's own 10-Q shows why lenders are focused on cash flow.
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Stocks close higher: Dow up 556 points, Russell 2000 up 1.4%, Nasdaq flat as 10-year yield falls to 5.10%
Industrials, health care and small caps led a rotation away from AI names while Treasuries rallied after a hot PPI; CoreWeave rebounded 5.9% after Wednesday's plunge.
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Anthropic told investors Q3 revenue hit $16.8 billion, up 45%, ahead of a reported November IPO
Reportedly profitable on an adjusted basis and cash-flow positive, the Claude maker tripled revenue since the first quarter. Every figure comes from people familiar with the matter, not a filing.
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Walmart to offer free diabetes GLP-1 drugs and 250+ no-cost prescriptions to employees in 2027
Walmart is widening employee prescription coverage, according to Fox Business, which cites an Oct. 13 letter to staff, while raising premiums on its starting medical plan.
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Netflix cutting about 1,000 jobs, 6% of staff, its largest layoff since 2022
Netflix told employees it will cut roughly 6% of its workforce, mostly in product, technology, legal and HR, six days before it reports third-quarter earnings.
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CoreWeave bonds yield 14.8% as stock drops 16%; interest took 22% of its second-quarter revenue
CoreWeave's 2032 notes carry a 9.625% coupon but trade to a 14.8% yield. The company's own 10-Q shows how much that borrowing already costs.
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Berkshire pays $33 a share for $330 million more of Bending Spoons; the stock is up 45%
Bending Spoons will issue 10 million shares to Berkshire Hathaway at $33, a 13% discount to Tuesday's close. The stock is trading near $55, which puts a $219 million paper gain on the position in a day.
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Morgan Stanley's equities revenue jumps 41%, but half of its $232 billion inflow was IPO-linked and shares fall 3%
Morgan Stanley beat on profit and revenue Wednesday. The filing shows where the quarter came from: a record equities desk, a record wealth business, and a credit provision that went from zero to $148 million.
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Bank of America's $1.21 billion penalty covers over $5 billion of unreported activity, 17 cents a share
Treasury says the bank admitted willfully violating the Bank Secrecy Act. The charge is about a third of one percent of its market value, so the lasting cost is in the remediation orders and the scrutiny, not the fine.
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Stocks close slightly lower: S&P 500 flat at 7,805, Dow off 180 points as Citi drops 5.6% on bank earnings
The S&P 500 finished down 0.02% as four big banks reported, JPMorgan missed, Citigroup and Wells Fargo fell, and oil climbed ahead of Wednesday's September CPI.
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Kroger plans to cut 3,000 corporate jobs, about 37% of its office staff, over three years
An internal memo from CEO Greg Foran reportedly ties the cuts to AI and lower grocery prices. The size of the cut and the way Kroger frames it are what matter for suppliers and independent grocers.
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Domino's U.S. same-store sales rise 0.3% while its food basket costs franchisees 2.2% more
Third-quarter earnings per share rose 12.7% to $4.60, but U.S. same-store sales slowed from +5.2% a year ago to +0.3%. The release shows where the profit came from and who carries the squeeze.
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J&J beats on earnings but falls 5.8%: Tremfya's gain barely covers Stelara's loss as MedTech misses
Johnson & Johnson topped estimates and nudged up its 2026 outlook, yet the shares fell about 5.8% midday. The reason sits in the product lines, not the headline.
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UnitedHealth's 88.4% cost ratio includes a $610 million reserve release; without it, 89.1%
The insurer raised 2026 adjusted earnings guidance to at least $20.50 a share, but premiums fell 2.1% and nearly half of the ratio improvement came from reserves. Here is what the release shows.
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Six Flags falls 13% after a fatal coaster incident, with $4.9 billion of debt unchanged
The company has closed similar rides at parks across North America while police investigate. The shares lost about $157 million of value in a morning, but the bill from its lenders did not move.
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Morgan Stanley pushes tokenized stock trading to Q1 2027, saying the products and demand are not there yet
The bank had planned to support tokenized equities on its trading system in the second half of 2026. Its digital asset head now says the first quarter of 2027, and gives a reason that is less flattering than the headlines suggest.
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Strategy buys 250 bitcoin for $21.5 million, while $192.4 million went to buying back its STRC preferred
The filing behind "Strategy buys more bitcoin" shows the company spent about nine dollars retiring its own preferred stock for every dollar it put into bitcoin last week. Holdings are now 848,250 BTC.
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Goldman's equities revenue jumps 72% while JPMorgan's fixed income falls 4%: the split inside bank earnings
Four big banks reported Tuesday, and the headline "JPMorgan misses" hides a quarter where trading desks went different ways and the dealmaking pipeline, not the credit book, is the thing to watch.
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Stocks close mixed: Dow gains 196 points, Nasdaq slips 0.4% as Meta jumps 3.4% and oil settles at $93
The S&P 500 finished 0.06% lower, 0.15% under its Oct. 6 closing high, on a day with no Treasury trading. Meta rose on a new AI model, energy stocks gained with crude, and airlines fell.
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IonQ's $1.3 billion Elisity deal is all stock, and the collar means 26 to 39 million new shares
IonQ said it will acquire Zero Trust security firm Elisity for up to $1.3 billion in stock, including a $150 million earnout. The share count floats between $33.07 and $49.61, and IonQ was down about 9% at midday.
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Starbucks says it is not buying Chipotle: CMG gives back the takeover jump, trading near $30
A Starbucks spokesperson told CNBC "Starbucks is not buying Chipotle." The stocks have now undone most of Thursday's move, and the denial leaves one question unanswered.
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Stocks close higher: Dow gains 423 points, Verizon has its worst day since 2002, S&P 500 up 1.2% on the week
Software and Amazon led a rebound from Thursday's AI sell-off, while a SpaceX spectrum deal sank the big three wireless carriers and a Gulf hurricane kept oil near $92.
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Humana jumps 14.6% as 95% of its Medicare Advantage members land in 4-star plans for 2027, up from 20%
The 2027 Star Ratings turned Humana from the sector's problem child into its biggest winner, and the same data shows UnitedHealth and CVS losing ground on quality scores. Open enrollment starts October 15.
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Delta cuts its 2026 profit outlook by about a quarter to $5.10-$5.60 a share as fuel adds $6 billion
The most profitable U.S. airline says travelers keep paying higher fares, yet full-year free cash flow now tops out at $2.5 billion against as much as $4 billion in July.
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SpaceX buys 800 MHz spectrum: AT&T, Verizon and T-Mobile each fall about 6.5% after hours
SpaceX agreed to buy up to 14 MHz of paired low-band spectrum from Grain Management, subject to FCC approval. The three big carriers had closed higher on the day.
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Fed orders American Express to fix its anti-money-laundering controls: no fine in the Fed order, stock off 1.3% after hours
The Federal Reserve's consent order gives American Express 90 days to submit remediation plans. It carries no dollar penalty and no limit on the card business.
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Stocks close lower: Nasdaq falls 1.2% on OpenAI revenue reset, oil jumps, 10-year yield 5.22%
The Dow edged up while the Nasdaq Composite lost 345 points as AI names sold off on OpenAI's $50 billion run rate. Brent rose 3.3% on tanker attacks and a Gulf hurricane, and the 10-year yield eased after a solid 30-year auction.
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OpenAI says revenue run rate is $50 billion, not $68 billion: Oracle falls 5.8%, CoreWeave 7.8%
The lower figure strips out partner revenue counted gross in the number that circulated last month. It leaves OpenAI's $852 billion March valuation at 17 times run-rate revenue, not 12.5, and hit the AI names that depend on its spending.
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Starbucks reportedly explored a Chipotle takeover: CMG jumps 6% to $32.67, SBUX slips 2.7%
The Financial Times says Starbucks has worked with advisers on a proposal. Neither company has confirmed a deal, and one analyst puts the odds of completion near 20%.
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Viatris to acquire Pacira for $36.50 a share, a 45% premium and about 10 times EBITDA
The $1.65 billion cash deal for the maker of Exparel and Zilretta is 8% of Viatris's market value and is funded mostly from cash. We worked out what the price implies, and what the stock market is saying about the odds it closes.
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PepsiCo cuts its 2026 profit outlook to 1%-2% growth; tariff refunds flattered the quarter by 4 points
PepsiCo's own release shows North America snacks earned 12% less operating profit in the third quarter, and that group-wide core operating profit growth of 3% leaned on a 4-point lift from tariff refunds.
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Levi's raised its profit outlook, but tariff refunds supplied 4.9 points of its 13.8% margin
Levi Strauss lifted full-year earnings guidance to $1.54-$1.56, yet its own release shows one-time tariff refunds drove the quarter: strip them out and operating margin fell from 10.8% to about 8.9%, and U.S. sales slipped 1%.
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Stocks close lower: Russell 2000 falls 1.3%, S&P 500 down 0.2%, 10-year yield 5.28%
Small caps took the brunt as the 10-year Treasury touched 5.35%, its highest since 2002, before a strong auction pulled it back. The Dow lost 341 points and oil settled lower after the IEA moved to release diesel stocks.
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SpaceX in talks on $40 billion of debt for Nvidia chips, with the GPUs likely as collateral
The financing leans on a market belief that a GPU holds its value for about seven years. Spread over that life, $40 billion of chips is roughly $5.7 billion a year before a dollar of interest.
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Stocks close higher: S&P 500 up 0.6%, Constellation jumps 12% on Google deal, 10-year yield 5.27%
The S&P 500 gained 0.58% to 7,818.93 and the Dow rose 0.49%, while small caps slipped. Constellation Energy led on a Google nuclear power deal and Treasury yields eased a few basis points.
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Anduril wins up to $2.9 billion Navy deal and puts $3.7 billion of its own into a 2030 shipyard
The Maryland yard is meant to employ about 3,100 people and build Virginia-class submarine parts, but it does not open for four years. The company is funding more of it than the Navy is.
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Stocks close higher as the Nasdaq sets a record 27,477 and the 10-year yield rises to 5.31%
Tech and a 7% to 8% jump in SpaceX lifted the major averages on Monday, even as Treasury yields rose and oil slid about 2%. The Fed's minutes arrive Wednesday.
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Intel slips as Musk says TSMC is in Terafab talks: outside foundry sales were just $293 million last quarter
Elon Musk called the talks "just discussions." For Intel, which backed the Texas chip venture in April, the exposure is a foundry unit that lost $2.1 billion on $5.8 billion of revenue in the second quarter.
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Lucid delivers 3,806 cars in Q3, down 6.7%, while building only 2,954: the gap is inventory
Lucid sold 852 more vehicles than it built in its first quarter on one shift in Arizona. Shares closed at $4.17, off more than 60% this year, ahead of November 9 results.
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Cenovus to buy Athabasca Oil for C$12 a share: C$5.7 billion works out to about C$127,000 per flowing barrel
Cenovus will add about 45,000 barrels a day and push its net debt from roughly C$3.0 billion to as much as C$5.5 billion by year-end, above its own C$4 billion target.
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Western Digital rebounds 7% to $442.44 and Seagate 5% to $891.76 as three brokers call the Toshiba selloff overdone
Bernstein says Toshiba would rise from 11.2% to 16.8% of hard-drive capacity even if it doubles output. The arithmetic holds, but it rests on the two leaders growing 25%.
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OKXICE files to trade 60+ tokenized US stocks around the clock, with prices set by pools, not an order book
The NYSE owner and OKX want a 24/7 venue where Nvidia and Tesla tokens trade against stablecoins. Cerebras has already objected, and the SEC relief behind it lasts five years.
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Ex-Groq engineers sue over Nvidia's $20 billion deal: $17 billion for a "non-exclusive" license
A Delaware lawsuit says Groq's board sold the company in all but name without a stockholder vote. Groq calls it meritless. For Nvidia, a $5.7 trillion company, the dollar exposure is unclear; the structure of the deal is the story.
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Airfares are up 23.4% in a year and Thanksgiving fares 31%, yet jet fuel at $4.40 is squeezing airline profit
Carriers forecast double-digit third-quarter revenue growth while analysts cut profit estimates. Delta reports Friday, the first read on whether the fare increases cover the fuel bill.
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What the C.H. Robinson and RXO merger actually means for an owner-operator, a small manufacturer and a regional fleet
Two of the biggest freight brokers plan to combine, but the deal will not close before the first half of 2027. For a small carrier, a $280 a week fuel bill matters more today than the merger does.
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Cerebras rises 8% after Altman calls it a "close partner," but at $180 it is still below its $185 IPO price
The chipmaker is worth about $43 billion, less than half the $95 billion CNBC cites from its May debut, and the next 19.4 million lock-up shares come free on October 14.
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C.H. Robinson to buy RXO: $30.75 a share at Friday's prices, a 31% premium, and CHRW is down 9% pre-market
Holders can take cash, stock or a mix, but proration locks the split at 56% cash. A $175 million breakup fee and a holder with 17% of RXO's shares signed to vote yes are the other terms to read.
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Schneider Electric to buy PTC for $205 a share, a 42% premium, with a $700 million breakup fee
The all-cash deal is not conditioned on financing, but it does need a PTC shareholder vote, U.S. antitrust clearance and a CFIUS review. Pre-market, PTC trades about 5% below the offer.
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Berkshire lifts its Lennar stake to 11.2%; 97% of this week's buying came on one day, at $81.59
Berkshire has spent about $403 million on Lennar shares since September 17 at an average near $79. The latest Form 4 shows the slowdown is less a taper than two token days and one big one, and this week's purchase already sits below Friday's close.
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Supreme Court opens its term with Exxon and Suncor's bid to end climate suits, but may never reach the merits
Monday's first argument could decide the fate of dozens of state and city climate suits against oil companies. The justices also asked whether they can hear the case at all, and a dismissal would leave Boulder's suit alive.
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Integra LifeSciences falls 21% on a $30 million guidance cut; $1.6 billion of net debt is why it hurt
Third-quarter sales of $410 million to $412 million landed at the bottom of Integra's own range after a Cincinnati flood. The company lost about $265 million of market value on a revenue cut of about $30 million.
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FAA rules the 737 MAX software glitch is not a safety issue, clearing a hurdle for the 737-10; Boeing closes at $193.57
An FAA review board found pilots keep full control when the flaw appears and will send airlines a special bulletin instead. The open question now is how fast the 737-10, about 31% of Boeing's 737 backlog, gets certified.
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Stocks close higher, Nasdaq up 1.2%, as the 2-year yield rises 5 basis points despite a 29,000 jobs print
A weak September payrolls report pushed October hike odds down and tech stocks up, but Treasury yields reversed higher. The Dow and S&P 500 still finished the week lower.
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Bayer will build a $2.2 billion drug plant in Ohio: 600 jobs, about $3.7 million of capital per job, first output in 2031
The New Albany campus is part of Bayer's push to double US drug sales by the end of the decade. The near-term work is the 1,500 construction jobs; the finished plant will not make medicine for about five years.
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Google raises the Pixel 10a to $599, a 20% jump that makes the budget phone the hardest hit by memory costs
A day after Samsung's flagship increase, Google added $100 to its seven-month-old budget model. The same $100 is a 20% rise on a $499 phone, nearly double Samsung's percentage.
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China asks Anglo American for copper supply pledges to approve its $54 billion Teck merger
China's market regulator wants commitments on copper concentrate, including volumes sold through traders, Reuters reported. The combined company would hold about 5% of world supply, so the condition is about feeding Chinese smelters, not competition.
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Volvo Cars drops its 2026 outlook as Q3 sales fall 10.7%; China accounts for 82% of the lost cars
Volvo Cars sold 141,609 cars in the third quarter and will not meet its volume and cash flow outlook. China deliveries fell 40.6%, Americas 14%, and fully electric sales in the Americas nearly halved. The stock hit a record low.
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Broadcom's banks start raising $60 billion for AI chips for Anthropic; Blackstone leads an $18 billion junior slice
The package is a $42 billion senior tranche and $18 billion of junior debt, Bloomberg reported. The debt is not Broadcom's own, but its latest 10-Q shows why its shareholders still carry part of the risk.
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FHFA readies two-bureau mortgage credit reports; TransUnion rises 3% anyway after a 12% slide
Fannie Mae and Freddie Mac may soon accept credit reports from two bureaus instead of three, Bloomberg reported. The bureau stocks did most of their falling earlier in the week, and the saving for a borrower is measured in tens of dollars.
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Synaptics jumps 14% as onsemi switches to $123 cash after a rival bid; the stock trades $2.10 below the offer
onsemi cut the deal's headline value to $5.7 billion from $7 billion and dropped its stock. The remaining 1.7% spread pays less than a Treasury bill to wait until mid-2027.
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Nvidia hits its first record since May at $237 as the Nasdaq sets a high; $6 trillion needs about $249
Nvidia topped its May 14 peak of $236.54 as soft jobs data pulled yields lower. The AI trade split, though: chip designers rose 3% or more while memory and storage names fell on Toshiba's capacity plan.
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Nike falls to $33 on a high-single-digit sales decline forecast; its $1.64 dividend now tops guided earnings
Nike guided fiscal 2027 adjusted EPS to $1.15 to $1.35, below the $1.64 a year it pays in dividends. Revenue fell 4% to $11.2 billion, China dropped 22% and the new Pace plan carries $1 billion of charges.
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Seagate falls 15%, Western Digital 13% as Toshiba plans to double hard-drive capacity for ¥60 billion
Toshiba's Philippine expansion costs about $380 million. The two US drive makers lost more than $43 billion of market value on the report, over 100 times what Toshiba is spending.
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Paramount-Warner will be called Skydance, ticker SKYD; WBD trades 7 cents below its $31.02 payout
David Ellison named the combined company days before the deal is due to close on Oct. 6. Warner Bros. Discovery stock at $30.945 leaves a gap of about 0.23% to the cash price.
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Ford holds the No. 3 US sales spot by 1,195 vehicles; Cox had Hyundai ahead by more than 7,000
Ford sold 509,764 vehicles in the third quarter, down 6.6%. Hyundai's group rose 5.4% to 506,200. The race was decided by what each side counts, and Cox missed both numbers by about 5,000.
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Tesla delivers 486,532 cars in Q3, beating forecasts by 24,558; 22,141 of them came out of inventory
Tesla shares rose 4% on the beat. But it sold 22,141 more cars than it built, the second straight quarter of drawdown, so about nine-tenths of the surprise came from stock on hand.
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Novartis signs a $7.8 billion China mRNA deal, but only $575 million of it, about 7%, is paid up front
The rest of Novartis' licensing deal with Abogen depends on milestones for an early-stage autoimmune drug. It is the third big Western pharma tie-up with a Chinese biotech in a few weeks.
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Blue Owl funds cap withdrawals again: OTIC investors asked for 39% and get about 13% of what they tendered
The larger OCIC fund got requests for 16.8% of its shares and will pay about 30% of each request. Demand there has fallen three quarters running, and most of it is the same investors asking again.
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Amazon pledges $1 billion over five years to data center towns as more than 100 moratoriums are weighed
The money works out to about $200 million a year. The part with a direct market is a grant program for heat pumps, insulation and solar on 30,000 homes and 300 schools, which is work for local HVAC and electrical contractors.
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Rivian delivers a record 19,248 vehicles in Q3; hitting the top of its 2026 range needs 28,193 more
Deliveries rose 58% from the second quarter and beat the 18,000 estimate. The guidance math now rests on the fourth quarter, and Rivian still does not say how many of those vehicles were R2s.
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Stocks close higher as the 2-year Treasury yield drops 10 basis points to 4.78%; Accenture jumps 16%
The S&P 500 rose 0.19% after the 10-year yield touched its highest level since 2002 and then reversed. Short-dated yields fell twice as far as long ones, which matters more to borrowers than the index move.
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Nuveen closes its £9.9 billion Schroders takeover, creating a $2.6 trillion manager with $400 billion in private markets
Schroders is delisted from London and will run separately for 12 to 18 months. The stated aim from parent TIAA is to feed private-market assets into retirement and annuity products.
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Boeing engineers ratify contract 67.6% to 32.4%, but technicians pass it by just 268 votes; stock up 4%
SPEEA's professional unit flipped decisively after rejecting Boeing's August offer. The technical unit approved with 53.5%, a margin that 135 changed ballots would have erased.
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UnitedHealthcare, Aetna and Humana shrink 2027 Medicare Advantage choice; Aetna to shed about 950,000 members
UnitedHealthcare will offer both HMO and PPO plans to 66% of members, down from 70%, and Aetna exits two states. Enrollment is expected to fall 6%, about 2.2 million people who will be choosing new plans and, often, new doctors.
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Medicare's GLOBE drug-price rule now hits four drugmakers; projected savings fall 96% to $440 million
The final rule exempts companies that signed pricing deals with the White House. What is left saves about $80 million a year, and the part that touches doctors' offices is a coinsurance cut in a quarter of the country.
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Mattel jumps 25% on Authentic Brands takeover interest, but trades 21% below the reported $20 a share
The Wall Street Journal says Authentic Brands has discussed a bid above $20 a share. Mattel's own filings put that at about $5.7 billion of equity and roughly $7.5 billion including net debt.
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Lyft's $272.5 million driver settlement: $210 million was already booked, and it can pay over four years
California's largest worker misclassification settlement adds about $62.5 million to what Lyft reserved last year, its 8-K shows. The stock barely moved, and the filing explains why.
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Uranium hits a record $96 a pound, yet Cameco trades 37% below its high as utilities balk at the price
Long-term uranium contracts topped their 2007 peak, TD Cowen data show. Producer and reactor stocks went the other way: NuScale and Oklo are each more than 80% below their 52-week highs.
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Samsung raises Galaxy S26 prices by $100: an 11% jump on the base phone, 7.7% on the Ultra
The memory shortage driven by AI data centers has reached Samsung's flagship phones in the US. The flat $100 hits the cheapest model hardest, and the 1TB Ultra rises $200 to $2,000.
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US slows aircraft-part exports to China, Reuters says; spare parts for 200 Boeing jets are now a bargaining chip
Commerce has slowed licences, is capping parts for COMAC and drafted a licence rule for hydraulic fluid, sources told Reuters. Boeing shares rose 1% anyway. Here is why the market shrugged and who carries the risk.
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Tesla Q3 deliveries due Friday: consensus is 461,974, but analysts missed Q2 by 74,000
The consensus implies a 7% drop from last year's tax-credit record. Tesla's own filings show it drew down about 28,000 cars of inventory in the second quarter, which is the number that makes this quarter hard to call.
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Constellation stock up 2.3% on Amazon's 690-megawatt nuclear deal; only 190 megawatts of it is new power
Amazon signed a 20-year contract for about 35% of Calvert Cliffs' future output. The new capacity arrives in 2030 to 2032, too late for the grid's 2028 shortfall, and no price was disclosed.
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GM sales fell 39,373 in the third quarter, and EVs fell 41,028: its gas vehicles were up 0.3%
GM's headline 5.5% drop is an EV story. Its own model table shows electric sales down 62% from last year's tax-credit rush, while work vans and heavy-duty pickups also fell.
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McKesson stock rises 3.9% on a CVS extension to 2032; CVS was 24% of its $403 billion in sales
The deal is an agreement in principle, not a signed contract. McKesson's own 10-K shows how much rides on it: roughly $97 billion of revenue at a 3.61% gross margin.
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Corteva shows an 83% drop, but it is the Vylor spin-off: one share of each is worth $83.60 vs. $77.65
Corteva split off its seed business as Vylor this morning, one share for one share. Quote screens show CTVA down $64.90; a holder of both was up about 7.7% at 9:57 a.m., after a court fight with California that ended the night before.
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McCormick beats estimates, then slips toward a 52-week low: US shoppers bought 2.5% less as prices rose 2.2%
Adjusted EPS of $0.86 topped forecasts and the 2026 outlook held, but a premarket gain turned into a loss. The segment table shows price doing all the work in its home market, and restaurants and food makers paying 2.8% more for the same volume.
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Broadcom's $42 billion Anthropic loan was already in its 10-Q, next to a $29 billion lease backstop
Reuters tied the convertible-note facility to Anthropic's IPO filing. Broadcom disclosed it three weeks ago for an unnamed customer, alongside a separate guarantee on five-year AI rack leases.
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Accenture up 17% premarket on $22.2 billion of Q4 bookings; its buyback paid about $131 a share
Managed services bookings ran at 1.4 times revenue and Accenture guided to wider margins in fiscal 2027. The jump comes after a slide that took the stock from $288.54 in January to $124.44 at the end of June.
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Merrill Lynch to pay $39 million over cash sweeps that paid 0.05% to 0.14% while rivals paid about 2%
The settlement covers Merrill Edge retirement accounts from 2016 to 2020 and still needs a judge's approval. With 3-month Treasury bills at 4.20%, the gap on idle cash is now roughly twice what the lawsuit was about.
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SEC lets any company copy Tesla's auto-vote plan; retail votes would be cast before the proxy statement arrives
Retail investors voted 28% of their shares last proxy season, against 76.6% for institutions. The SEC staff letter lets companies offer a standing instruction to vote with the board, filed the day the proxy is.
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MSG Sports sets Rangers spin-off for October 26; the filing shows a team with $337 million in revenue and a $30 million loss
Holders get one Rangers share for every two MSG Sports shares. The Form 10 shows Rangers revenue down 16% from two years ago, an 18% cut in its local TV fee and a swing from operating profit to loss.
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Google's Gemini 4 Argon is priced at $2 and $10 per million tokens, half of Claude Opus 5.5's list price
Alphabet unveiled its most advanced model on Wednesday but is releasing it to cyber defenders first, with no date for developers. The introductory price is half Anthropic's, while a 1 million token output limit means a single long job can cost more.
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Caterpillar to spend $1 billion on a compact equipment plant; $85.5 million in local incentives hinge on keeping 1,950 jobs
The new Sanford, N.C., factory will build compact track loaders and telehandlers, machines bought by contractors and landscapers. The incentive deal requires Caterpillar to hold its local workforce near today's level, not to grow it.
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Paramount cleared to close Warner Bros. deal; WBD ends 5 cents below the $31 offer as Kreiz is named co-CEO
A federal judge approved the states' antitrust settlement, and Mattel's departing chief will run day-to-day operations. The arbitrage spread has all but closed, while Paramount stock sits 35% below the price of its $47 billion share sale.
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Synopsys lands a $1 billion-plus Amazon chip deal and guides to $11.15 billion in revenue; stock up 4.8%
Amazon becomes lead customer for Synopsys's new royalty-based chip blueprints. At its investor day, Synopsys guided to about 15% growth, but its GAAP EPS forecast is less than half the adjusted figure.
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FactSet guides to 5% to 6.5% ASV growth, meaning smaller dollar gains than its record $168 million year
The financial data company's shares rose 3.8% after a record fiscal 2026. But even the top of its fiscal 2027 range adds less subscription value than last year, and GAAP earnings fell as restructuring costs hit.
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Grindr pays $250 million for PrEP provider Freddie: about $10,000 for each of its 25,000 active patients
The dating app's first big acquisition values the telehealth company at about 3 times its 2026 revenue and 25 times its adjusted EBITDA, before a possible $70 million earnout. The "55,000 patients" headline is a lifetime count.
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Senate blocks the congressional stock-buying ban 53-47; spouse and child accounts held half its dollars
Both the stock bill and a House-passed data center power-cost bill fell short of 60 votes on Wednesday. The stock bill covered spouses and dependents, and in our House data their accounts made 22% of stock purchases but most of the money.
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Micron posts $54.2 billion quarter and guides to $61.5 billion; its customers prepaid $12.7 billion
Revenue nearly quintupled while the cost of making the chips rose 15%, so this is a pricing story. The guidance looks like a slowdown, but the quarter just reported had 14 weeks, not 13.
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Stocks close mixed as the Dow falls 444 points and the 10-year yield ends at 5.29% despite softer PCE
The S&P 500 slipped 0.25% after giving up a 0.7% gain, while tech lifted the Nasdaq 0.24%. October hike odds fell to 35%, but long-dated Treasury yields rose again.
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FTC confirms probe of OpenAI and Anthropic over AI risks, with both companies headed toward IPOs
The agency plans civil investigative demands for documents and executive testimony. A federal investigation that began this summer now sits inside two of the largest planned stock listings.
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Sycamore nears a $9 billion Boots sale to the Weston family, about £6.8 billion at today's rate
The Wall Street Journal reports a deal could land within weeks. Converted, the price sits just under the £7 billion the two sides were discussing before the Westons cut their offer in the summer.
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PJM shelves its 6.8-gigawatt data center power auction after FERC calls the plan a "mess"
The biggest US grid suspended a backstop auction that could have cost up to about $1.4 billion a year at its price cap. The unresolved question is who pays for data center power.
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Liquidia falls 50% after losing two patent claims to United Therapeutics, which rises 14%
A Delaware court found two of six asserted claims valid and infringed by Yutrepia, a drug that sold $170.4 million last quarter. The remedy is not decided yet, and about $3 billion of market value moved between the two companies anyway.
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Open USD stablecoin goes live with $1 billion from Coinbase, Visa, Mastercard, Stripe and Shopify
The new dollar token launched on four blockchains. Its founders pledged liquidity worth about 1.4% of USDC's supply, but the bigger issue for Circle is that Coinbase, its main distribution partner, is one of the five owners.
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Senate takes up a congressional stock-buying ban; in House filings this year, 3 members made 63% of the purchases
The House-passed Stop Insider Trading Act would bar members from buying individual stocks but not force them to sell. Our tracker counts 963 stock purchases disclosed by House members in 2026, and 86% of them were in the smallest $1,001 to $15,000 bracket.
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Tesla stock: what is actually going on
Tesla traded near $350.67 at midday on September 30, worth about $1.38 trillion and down 22% this year. Its last quarter earned $398 million from operations, less than it collected in interest on its cash.
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Stellantis at a record low $4.41 is worth about €11.3 billion, barely above its €10 billion industrial net cash
CEO Antonio Filosa reaffirmed 2026 guidance a day after the shares closed at an all-time low. At this price the market values Jeep, Ram, Peugeot and Fiat at little more than the cash in the car business.
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HPE lands a $1.2 billion Vultr order and targets networking margins in the mid-to-high 20s, up from 22%
At its Networking Investor Day, HPE raised its fiscal 2027 networking growth outlook to the high teens to low 20s and lifted its Juniper savings target to $800 million. The stock rose nearly 6% to a 52-week high.
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Leslie's files Chapter 11 to cut $685 million of debt; lenders take control and 76 more stores close
The largest U.S. pool supply chain filed a prearranged bankruptcy in Houston with $90 million of new-money DIP financing. Pool service pros keep their pricing and accounts for now; shares traded near 18 cents.
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Lilly's Zepbound-plus-amylin combo hits 23.3% weight loss, but up to 27% quit on side effects
In a 48-week Phase 2b study of 367 adults with type 2 diabetes, the top EloraTZP dose beat tirzepatide alone by 8.5 points. The headline figure assumes nobody stopped treatment, and Lilly stock ended up roughly flat.
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Cigna targets 10-14% yearly EPS growth to 2030; its $3 billion plan is a cost program, not a reserve
At its investor day Cigna reaffirmed 2026 guidance of at least $30.45 a share and promised about $50 billion of operating cash flow through 2030, roughly 70% of its market value. The stock fell about 2%.
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Cal-Maine loses $58.6 million as conventional egg prices fall 59%; no dividend this quarter
The largest U.S. egg producer swung from a $199.3 million profit to a loss, and must recover $94.5 million of losses before it pays another variable dividend. For bakeries and diners, the same slide shows up as cheaper eggs.
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General Mills names Dana McNabb CEO; Harmening returned $17 billion, about what the company is worth now
McNabb, 50, takes over on Jan. 1 with a $1.35 million salary and a 180% bonus target. Harmening stays as executive chair. The shares are about 34% below their 52-week high, and the company is now worth about one year of sales.
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Jabil guides to $44.5 billion in sales, but its $1.5 billion of free cash rested on payables nearly doubling
The contract manufacturer earned $4.40 a share in core terms in its fourth quarter and sees fiscal 2027 revenue up 24%. Its bills owed to suppliers rose to $14.4 billion from $7.9 billion, and the stock slipped 2%.
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Hormel buys Brakebush for $1.055 billion, about 0.9 times sales, but no EPS lift until fiscal 2028
The Wisconsin chicken processor had about $1.2 billion in sales over the past year, roughly a tenth of Hormel's revenue. The price is close to 10% of Hormel's market value, and Hormel shares trade near their 52-week low.
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Mattel CEO Kreiz quits; Condé Nast's Roger Lynch takes over with $33.6 million in sign-on awards
Ynon Kreiz is leaving for an unnamed public company. Mattel's filing shows only about a third of Lynch's one-time and first-year awards depend on performance, and the stock fell 3.5% before the open.
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Conagra beats on profit, but its $1.40 dividend now equals the low end of its $1.40-$1.50 EPS guidance
Adjusted EPS rose to $0.41 on joint-venture earnings and a $10 million bonus reversal while grocery volume fell 5.4%. Free cash flow was negative $128 million against $168 million in dividends, and the stock fell 3% before the open.
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Disney cuts about 300 jobs in HR and technology, its third round of layoffs this year under D'Amaro
The cut is about 0.13% of Disney's 231,000 employees. Even with April's roughly 1,000 and July's several hundred, this year's reported layoffs stay around 1% of staff, far below 2023's 7,000.
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Robinhood adds AI trading agents and 10x crypto perpetuals; weekend stock trading waits until early next year
At its HOOD Summit, Robinhood also doubled intraday margin to 4x and set perpetual fees at 0.01%. The weekend stock session is pending regulatory review, and the leverage math matters more than the fee.
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Paramount draws $109 billion of orders for Warner debt, but its junk bonds price near 9%, 2 points over BB peers
Demand let Paramount shift $2 billion from bonds into a cheaper floating-rate loan, now $8.5 billion in dollars. The trade-off: the loan cost now rises with every Fed hike.
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Accelevation IPO seen at $18, below its $20-$24 range, as third-quarter IPO postponements reach seven
The data center supplier would raise $540 million instead of up to $720 million. At $18 its own share of the proceeds is about $155 million before fees, less than the $180 million it planned to repay in debt.
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Boeing wins the Navy's F/A-XX fighter; the $20 billion development deal is about a quarter of its defense backlog
Boeing beat Northrop Grumman for the carrier-based sixth-generation jet, its second such win after the Air Force's F-47. Boeing rose 1.8% and added 2.3% after hours, while Northrop fell 3.4% late.
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Microsoft up 36% this quarter and Meta 31%, while the Nasdaq-100 fund is flat and Tesla is down 16%
With one trading day left in the third quarter, two stocks have added roughly $1.45 trillion of market value between them. The index that holds them is where it started in July, because the rest of Big Tech split the other way.
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Coinbase wins CFTC approval for its own clearinghouse, but only for fully collateralized contracts
Coinbase Clearing LLC was registered as a derivatives clearing organization on Sept. 28. The order covers fully funded futures, options and swaps, not the leveraged perpetual-style contracts Coinbase says are driving its $4.2 trillion a year derivatives business.
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Kalshi in talks to raise $1 billion at about $40 billion, 82% above May and more than Cboe is worth
Tiger Global and Dragoneer are in talks to join a round led by Sequoia and Wellington, Reuters reported. The price would put a four-month-old $22 billion valuation up 82% and value the prediction market above Cboe, days after a federal appeals court ruled against it.
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Alaska Air says its loyalty plan will throw off nearly $4 billion a year by 2030, about its whole market value
At its investor day, Alaska also said it will seek to join American's Atlantic and Pacific joint businesses and unveiled lie-flat suites, including on Boeing 737 Max 10s that regulators have just delayed again.
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Concentrix writes off $1.05 billion of goodwill, about 69% of its market value, and falls 9% after hours
The call-center and customer-experience company beat on adjusted profit and raised its dividend, but guided to a revenue decline of 3% to 5% in constant currency for the fourth quarter, far steeper than the 0.5% dip it just reported.
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Uranium Energy sold 400,000 pounds but mined 229,294 in fiscal 2026; net loss widens to $137 million
Fourth-quarter output rose 157% and costs per pound fell a third. Even at that new pace, the company produces less than a tenth of the 4 million pounds a year the NNSA says it will need from 2030.
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Stocks close lower for a second day as the 30-year yield ends at 5.59%; Fair Isaac falls 26%
The S&P 500 slipped 0.17% as long-dated Treasury yields rose even while oil fell almost 4% and the 2-year yield dropped. Consumer confidence sank to 81.9.
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OpenAI in talks to raise about $30 billion; a $1.4 trillion value would be 64% above March's $852 billion
CNBC confirmed early talks on a round driven by investor demand, with no term sheet yet. Bloomberg put the valuation at $1.4 trillion, which would buy investors about 2% of the company, against roughly 14% in the March round.
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Iovance jumps 36% on a $55 million guidance raise that implies $120 million-plus quarters
The cell-therapy maker now expects $410 million to $420 million in 2026 revenue. Subtract the first half and the second half needs roughly 21% to 26% more per quarter than a record Q2, while the stock added about $1.8 billion in value.
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GM and LG put $1 billion into Spring Hill for LMR cells, lifting the plant's tab to about $3.6 billion
Ultium Cells will retool its Tennessee plant for lithium manganese-rich EV cells by 2028, with 500 new jobs. The "lower-cost" cells are not LFP, and that quietly rewrites the site's 2025 plan.
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AMD stock: what is actually going on
AMD traded near $612 at midday Tuesday, worth about $1 trillion and up about 186% this year. Data center chips now bring in 58% of sales, and warrants for up to 320 million new shares sit behind two of its biggest AI deals.
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Netlist asks ITC to block Micron HBM chips used by Nvidia and Google, a day before Micron earnings
It is Netlist's second ITC complaint against Micron in seven weeks. A complaint is not a ban: Netlist's last two ITC cases that ran to a decision took 15 and 28 months, and both ended with no violation.
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SoundThinking agrees to $8 Transom buyout: a 46% premium, but a third below the stock a year ago
The ShotSpotter maker will go private for $8 a share plus a revenue-linked CVR worth up to $3. Shares trade just above the cash price, which values that CVR at about 26 cents.
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Medicare Advantage premiums to fall 16.5% in 2027, a drop of $2.37 a month, as the Part D subsidy ends
CMS projects the average Medicare Advantage premium at $12.00 next year, from $14.37. The percentage is large but the dollars are small, and two in ten enrollees cannot keep their plan at the same or a lower price.
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Perella Weinberg jumps 17% on Piper Sandler talks; its first-half revenue fell 17% while Piper's rose 28%
The Wall Street Journal reported that Piper Sandler is in talks to buy the advisory boutique. The filings show a buyer with growing revenue taking on a firm that pays out 78% of its revenue to staff.
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Fair Isaac slides 26% as Rocket Mortgage makes VantageScore its default; FHA and jumbo loans stay on FICO
Rocket Mortgage will pull VantageScore 4.0 first on conforming and VA loans from the fourth quarter. About $4.8 billion came off FICO's market value by mid-morning, but Rocket's own carve-outs show how much of the business is still FICO's for now.
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Carnival up 11% on record Q3 as fuel cost per ton jumps 36%; Q4 fuel bill set to top twice its profit
Carnival beat estimates and nudged its full-year outlook up to $2.24 a share. Its own guidance table shows the catch: fourth-quarter fuel is budgeted at $640 million against about $274 million of adjusted profit.
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TransDigm closes $1.066 billion Prince & Izant deal, now 2.7 times sales after a revenue upgrade
The Cleveland brazing-alloy maker is now expected to bring in $390 million this year, up from $360 million when the deal was signed in July, so TransDigm paid the same cash for more sales. It used cash on hand, and priced $3 billion of new secured notes the same day.
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Corning rises 3.9% on $3 billion AT&T fiber deal, worth about 1.5 quarters of its optical sales
AT&T signed a multi-year supply agreement for Corning fiber and cable valued at more than $3 billion. The term was not disclosed, and Corning's optical growth this year has come mostly from AI data centers, not phone carriers.
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Fair Isaac falls 21% as Fannie and Freddie move to one pricing grid with VantageScore; scores are 68% of its sales
FHFA Director Bill Pulte said the two mortgage giants will price loans off a single grid that includes VantageScore. Scores make up 68% of FICO's revenue and earn a 91% segment margin, which is why the stock reacted this hard.
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Shell-led LNG Canada approves Phase 2 to reach 28 million tonnes; Fluor's $7.5 billion share is twice its energy backlog
The five partners took a final investment decision to double the Kitimat plant. For Fluor, the contract is larger than everything its energy unit had in backlog at the end of June.
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Oura postpones its $2.2 billion IPO the day it was due to price; 73% of the shares were from existing holders
The smart ring maker cited IPO market uncertainty despite strong demand. Its filing shows the company itself was raising only about $533 million, so the delay mostly holds up an exit for existing holders.
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Lilly says Zepbound beat Wegovy HD by 4.5%; on its second measure the gap is 1.8% and not statistically significant
The new data is an indirect comparison across two separate trials, not a head-to-head study. Lilly and Novo shares barely moved before the open, and the release itself explains why.
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Meta's Muse for Small Business links to Shopify, Stripe and QuickBooks, but no restaurant or salon software
The free AI agent now connects to 15 business apps plus Facebook and Instagram. The list suits online sellers and office work; none of it is built for the 605,380 independent restaurants and 339,519 salons on CheckThisBiz.
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UnitedHealthcare names Bobby Hunter president as its fully insured employer rolls shrink by 785,000 in a year
Hunter, who ran government programs and led last year's Medicare Advantage pullback, now joins CEO Tim Noel atop the insurer. The company's own filings show where the pressure is: employers who buy fully insured plans.
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AMC Form 4s: executive stock awards sized at $1.24 a share in February took effect at $2.91
Shareholders doubled AMC's equity plan to 50 million shares on September 24 and, in the same meeting, voted 54.7% against executive pay. Nine officers' awards became effective that day, worth more than twice what the board set.
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Morgan Stanley picks Dallas for a 3,800-job hub: $684 million from the bank, $62 million in public incentives
Texas granted $43.8 million and Dallas $18.5 million, about $16,400 per promised job. The "$1.3 billion" headline figure includes a developer's tower the bank will lease, and most of the jobs arrive after 2031.
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Anthropic's prospectus shows a $42 billion loss, but $34 billion of it is an accounting charge
Reuters saw the IPO filing: revenue rose 12-fold to about $4.6 billion in 2025, the operating loss was more than $8 billion, and compute alone cost more than the company took in.
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Russia seizes Metro's Russian unit: €2.6 billion of sales, about 8% of the group, and €152 million of cash
A Putin decree hands Metro Russia to a management firm registered this month. Metro says it already had no operational control. The precedent that matters is what happened to Danone and Carlsberg next.
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Blockchain.com targets a $500 million IPO at up to $6 billion, more than Gemini, BitGo and eToro combined
The valuation Bloomberg reported is 57% to 71% below Blockchain.com's 2022 peak. Against the crypto companies that listed since, it is not a discount at all.
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Shein's first results as a public company: profit down 67%, Europe sales down 14%, U.S. down 6%
Revenue still edged up 0.9% to $11.08 billion, which means all of Shein's growth came from outside Europe and the U.S. Its Hong Kong shares trade about 27% below the IPO price.
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Raytheon wins a $20.7 billion AMRAAM missile contract, but Congress has not yet funded the full commitment
The Pentagon's provisional multiyear deal covers five years plus two option years and backs production of at least 1,900 missiles a year. The headline figure is a ceiling, not money already appropriated.
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AstraZeneca buys a 12% stake in Summit for $2 billion at $18.36 a share; Summit jumps 17% after hours
The price is billed as a 10% premium to Summit's five-day average, but Summit closed Monday at $15.48, so AstraZeneca is paying about 19% over the last close. Even after the jump, the stock sits below AstraZeneca's price.
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AAR buys 65% of MRO Holdings at a $4 billion value: 14 times EBITDA before synergies, with shares issued at $135
AAR says it is paying 10.7 times earnings for the heavy-maintenance firm, but that figure counts $75 million of synergies and a $150 million tax benefit. Sellers take AAR stock at $135, well above where it closed.
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Jefferies earns $1.08 a share on record banking; equity underwriting up 69%, debt underwriting down 29%
The first big Wall Street firm to report each quarter shows deals booming. The split inside the numbers shows what 5% Treasury yields are doing to companies that borrow.
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Vail Resorts' skier visits fell 13.4% and pass sales are down 12%; it still paid $8.88 a share on $4.12 of earnings
Vail's pass model kept lift revenue down only 3.5% in a record-poor snow year. The businesses around its mountains had no such cushion, and next season's pass count is falling again.
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AMD to buy Fei-Fei Li's World Labs for $8.2 billion in stock, less than 1% of its market value
It is AMD's second-biggest deal after Xilinx, but paid in shares it is small next to a company worth about $992 billion, and next to the $37 billion AMD lost in market value on Monday alone.
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Stocks close lower as the 2-year yield jumps to 4.92%; gold falls about 4% and Boeing drops 7%
The S&P 500 fell 0.77% as both the 2-year and 10-year Treasury yields finished at their highest official closes of 2026. Nvidia rose after a $150 billion buyback.
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Cleveland-Cliffs falls about 8% as its Stelco unit idles Hamilton finishing lines, blaming U.S. tariffs
Cliffs' Canadian unit will shut its cold-rolled and coated operations from October 9. The stock drop erased roughly $550 million of market value on the day Washington touted tariffs as a win for steel.
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Unusual Machines and a U.S. fund buy $10 million of Draganfly at $5.35; the stake is about 5% and the stock rose 4%
The two investors take 1.87 million new shares at Friday's close. Draganfly traded above that price on Monday, still about 61% below its 52-week high.
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Jana pushes Fiserv to lift cost cuts to $1.25 billion; the stock trades near 6 times this year's earnings
The activist wants $750 million more in savings and Palantir brought in to find them. At $46 a share, the extra cuts would be worth about $1.41 a share before tax.
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Evonik rejects BASF's €22.15-a-share offer as too low; its stock closes 10% below the bid
The €10.3 billion proposal was too low even to open the books, the FT reported. Evonik shares rose again on Monday, but the gap to the offer shows the market is not treating a deal as done.
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Burford jumps 10% on Apple's $5.7 billion patent loss; the market is pricing its $1.4 billion share at a fraction
A San Diego jury found Apple's Taptic Engine infringed two Taction patents. Burford, which financed the case, says its cut would be $1.4 billion if paid as is, and then spends most of its statement explaining why it probably won't be.
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Boeing falls 4.3% on a 737 MAX software glitch; its permanent fix is currently slated for 2028
The FAA is convening a review board. The planes flying today at four big U.S. airlines do not carry the software. The risk to Boeing is the new jets: 737-7 deliveries and the 737-10 approval.
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Brixmor and Everview buy Slate Grocery REIT for $2.34 billion; the pitch is rents 32% below Brixmor's own
Brixmor takes 23 grocery-anchored centers outright for $636 million and a 20% stake in 92 more. Its filing says in-place rents average 32% less than its current portfolio, which is the upside it is paying for.
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Merck pays $400 million upfront for SciBrunch's KRAS G12D drug in a deal worth up to $2.13 billion
The Shanghai biotech's pill has not yet been tested in people. Merck takes the full upfront as a roughly 13-cent-a-share third-quarter charge, and 81% of the headline value depends on milestones.
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Meta stock: what is actually going on
Meta traded near $724.58 at midday Monday, worth about $1.85 trillion, after its Muse AI agent drove a 27% run since August. Its last quarter shows why the rally is fragile: capital spending ate almost all of its operating cash.
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OpenAI pauses training of its top models; its own report says the trigger was a DNS gap, not the government-site incidents
Headlines tie the pause to agents hitting government websites. OpenAI's incident report points to something narrower, and more useful for any business running AI agents: a sandbox that left DNS open.
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Kodiak Sciences stock up 155% after eye-drug trial wins; the data shows "as good as" the standard, not better
Zenkuda matched Regeneron's aflibercept on vision in wet macular degeneration and kept 54% of patients on six-month dosing. Kodiak is now worth about $5.2 billion and has no approved product yet.
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Valley National buys Bluevine for $340 million: what it is really paying for is $2.1 billion of small-business deposits
Bluevine brings 175,000 small-business customers, and 99% of its deposits come from owners who do not borrow from it. That is the asset a bank wants when cheap funding is getting scarce.
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SpaceX's Starship reaches orbit, but SPCX slips 1% to $147, still 35% below its June high
Flight 14 got to orbit on one engine and was cut from a planned 10 hours to about three. The stock, 9% above its $135 IPO price, treated the milestone as already priced in.
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MongoDB falls 21% as CEO CJ Desai leaves for Meta; filing shows he gave notice four days before Investor Day
Desai told MongoDB on Thursday he was going. The company announced it Monday, reaffirmed guidance, and still holds its Investor Day on Tuesday, now led by returning chief Dev Ittycheria.
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Northern Star rejects Gold Fields' bid; the A$27 offer may now be worth less than Northern Star's own shares
Almost three-quarters of the offer was Gold Fields stock. With gold down 3% and Gold Fields' U.S. shares down 11% on Monday, the scrip that carried it has shrunk.
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Nvidia's $150 billion buyback: finishing it by fiscal 2028 means about $43 billion a quarter, twice its current pace
The new authorization lifts Nvidia's remaining buyback to $235 billion, which it expects to use by fiscal 2028. Its last quarter it bought back $19.7 billion.
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Strategy buys 1,665 bitcoin, but 42% of the $246 million of stock it sold went to buying back its preferred
Strategy returned to selling common shares last week. $142.7 million of the proceeds bought bitcoin; $103.5 million, plus $48.1 million of cash, went to repurchasing STRC preferred.
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Ellison now has 413 million Oracle shares pledged for loans, up from 277 million two years ago
Oracle's new proxy shows its founder added 67 million pledged shares in a year, about $9.2 billion at Friday's close. The pledged slice of his stake has climbed from 24% to 36% since 2024, while the stock sits 57% below its high.
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Airbus finds a coating flaw in A321neo fuselages; its 870-jet target now needs about 99 deliveries a month
Airbus says the primer defect on forward-fuselage parts is not an immediate safety risk and a fix is in place. The bigger question for investors is the delivery math: 395 jets in four months against a pace of about 59 a month so far this year.
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DayOne pushes ahead with a November IPO of up to $5 billion as data center listings hit a tougher market
The Singapore-based operator is targeting about a $20 billion valuation on 2.1 gigawatts of secured capacity, Reuters reported, days after SB Energy postponed its marketing. Investors are now pricing power and contracts, not promises.
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Cato will close about 120 stores this year, all at lease end; its filings show why the list more than doubled
The budget women's apparel chain raised its closing plan from about 50 stores to 120, roughly 11% of the fleet. The rent simply stops at year end, which moves the problem to landlords and the shops beside them.
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Monster's Americas chief Rob Gehring returns to Coca-Cola, which owns 20.9% of Monster, to run North America
It looks like a rival poaching an executive, but it is not. Coca-Cola is Monster's largest shareholder, and two Coke bottlers alone bought about a quarter of Monster's sales last year.
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Viatris sues Novo over a Wegovy patent, but the complaint shows a narrow fight, not a generic launch
Mylan wants a court to clear one dosing patent issued in February. It still needs FDA approval, and the main Wegovy patent case between the two is headed to trial separately.
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New Mexico jury finds Meta misled users; the state's violation count implies a $219 billion ceiling nobody expects
Jurors found 26 of 29 Facebook statements false or deceptive. At $5,000 a violation, the state's 43.9 million count sets a theoretical maximum. On the same claims, other states settled for $459 million.
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Circle CFO Fox-Geen to step down and co-founder Neville leaves board; most of the stock's 4.4% drop came first
Circle filed the news at 4:05 p.m., after shares had already closed down 4.4% at $88.93. The filing also shows a $1.05 million payment tied to a 12-month non-compete.
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Stocks close higher as the Dow gains 479 points; the 2-year yield falls while the 10-year holds at 5.17%
The S&P 500 rose 0.51% and Microsoft hit its highest close of the year. In bonds, rates tied to the Fed fell more than long rates, so the yield curve kept steepening.
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U.S.-built cars fall to 28.4% of Canadian sales, and the steepest drop is at foreign brands' U.S. plants
JD Power Canada data show U.S.-built share down 7 points in a year. For automakers with no Canadian factory it fell to 4.9% from 17.7%. For Ford, GM, Stellantis, Honda and Toyota it slipped only 3.1 points.
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Costco got $184 million in tariff refunds and spent most on lower prices; only about $67 million reached profit
The refund is a little over a third of what Costco expects in total. Nike, by contrast, booked its $986 million refund straight into margin. For grocers competing on produce and meat, the difference is showing up on the shelf.
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Bank of America cuts Nike to underperform with the stock at $35.73, down 54% from its 52-week high
Nike reports on Oct. 1. Analysts expect 44 cents a share, but last quarter's 72 cents included 52 cents of tariff refunds. Without them, Nike earned 20 cents.
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DOJ closes CrowdStrike probe without charges; the SEC's parallel review of its ARR reporting is still unresolved
Manhattan prosecutors ended their look at CrowdStrike's customer deals in July, Bloomberg reported. The company's August filing still described requests from both the DOJ and the SEC.
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Ford halts F-150 output at Dearborn through Sept. 29, about 5,500 trucks, with dealers holding 3 months of stock
A supply problem idled Ford's Dearborn Truck Plant from Thursday, Reuters reported. Ford's own figures suggest the gap is small against 201,000 F-Series trucks on dealer lots.
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SK Hynix's Solidigm weighs IPO at up to $150 billion, about 16 times what it paid for Intel's unit
Reuters says the SSD maker held bank pitch meetings this week for a listing that could raise $15 billion as soon as 2027. The price tag would put it at more than half of Sandisk's market value.
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Appeals court upholds Pentagon's Anthropic blacklisting 2-1, leaving defense contractors with split rulings
A D.C. Circuit panel backed one of two Pentagon designations that bar contractors from using Claude in defense work. A California judge struck down the other last month.
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Microsoft stock: what is actually going on
Microsoft trades near $516, worth about $3.83 trillion, after falling 27% in the first half and rallying 46% since June. Capital spending nearly doubled to $115.9 billion last year, and free cash flow fell.
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Eaton buys Italy's COL Group for €810 million, about 3.2 times its 2027 sales forecast
The medium-voltage switchgear maker adds four Italian plants for data center and utility customers. Eaton is paying roughly half the sales multiple its own stock trades at.
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ADARx prices upsized IPO at $17 to raise $446 million; AbbVie's side purchase works out to about $89 million
The siRNA drug developer sold 20% more shares than planned, at the top of its range. By our count from its filings, it lists at about $1.8 billion, and more than half of that is cash.
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Microsoft rebuilds Copilot with coding and agents, adds usage billing after under 7% of seats paid
The new Copilot app merges chat, coding and an always-on agent. The bigger change for businesses is the bill: the new agent features will be charged by usage, not a flat $30 a seat.
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Starbucks closes 250 stores and cuts its new-store target to 440 from as many as 650
The closures cost about $1.2 million a store in charges. The filing also shows Starbucks now expects far fewer net new coffeehouses this fiscal year than it guided.
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Akamai's $11.6 billion Anthropic deal comes with $5.5 billion of spending and a warrant struck at $111.33
Akamai shares rose about 9% on the seven-year cloud contract. The filing shows Akamai must spend nearly half the contract value up front, and that Anthropic can walk away from a project over a major outage.
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Strategy proposes daily dividends on its preferred stock; STRC at $98.40 is still short of its $100 goal
Holders of STRC, STRF, STRK and STRD would be paid every business day for every calendar day if shareholders approve on Oct. 28. The company says the total paid does not change. What changes is how the securities trade.
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BASF approaches Evonik about a takeover; Evonik jumps 10% but says no talks are under way
Evonik confirmed a non-binding approach from BASF for all of its shares. One shareholder, the RAG Foundation with about 43%, decides whether a deal can happen.
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MGM weighs a bid for People Inc, whose 26.5% MGM stake is worth $2.2 billion of its $2.9 billion value
A day after Barry Diller's People Inc dropped its offer for MGM, the casino company is said to be considering buying People instead. People shares jumped 9%. The math shows why the idea is not as odd as it sounds.
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Atlas Energy jumps 16% premarket on AI lab equipment deals for 283 megawatts; no power contract yet
The company says an unnamed frontier AI lab will reimburse equipment costs for two data center projects. The filings give no dollar value, and a long-term power purchase agreement is still listed as a risk.
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Novo's €1.165 billion Nanexa deal: the €615 million "upfront" figure includes milestones
Shares in the Swedish drug-delivery microcap more than doubled after Novo Nordisk licensed its coating technology for monthly and quarterly obesity shots. Nanexa's own release does not split out how much it gets on signing.
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First Solar falls 10.3% to a 52-week low of $172; borrowing costs explain only part of the solar selloff
Solar stocks slid as Treasury yields hit two-decade highs, but the damage was uneven: Sunrun fell 6.8%, Enphase 0.8%, and Array rose. First Solar traded almost three times its usual volume.
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Tesla opens a Semi plant built for 50,000 trucks a year; the U.S. bought 875 electric heavy trucks in 2025
The Nevada factory opens as diesel hits $6.53 a gallon and a shipper alliance orders 2,500 electric trucks. The order does not say how many are Teslas, and the price gap with diesel rigs is still large.
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Alaska Air expects the 737 MAX 10 to be certified by end-September; the jet is about 31% of Boeing's 737 backlog
Alaska's operations chief says the FAA sign-off should come within days, with first delivery in spring 2027. For Boeing, certification unlocks nearly a third of its unfilled 737 orders.
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City Therapeutics files for a Nasdaq IPO as CTY after burning $43 million in six months
The Cambridge, Massachusetts RNAi drug developer raised $99.5 million privately in May and June and is now seeking public money. Its operating cash burn was six times higher than a year earlier.
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Kinross Gold falls 11.7% after cutting output guidance; the stock lost about $3.8 billion in a day
Kinross now expects 2026 and 2027 production 2% to 3% below its old range, on weather in Chile and weak grades in Nevada. It raised its payout target to 50% of free cash flow in the same release.
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H&M's quarterly profit rose 23%, but about 4% without a one-time tariff gain
A 1.6-point tariff effect lifted H&M's third-quarter margin to 10.6%. Sales grew 1%, September is tracking 1%, and the company warned that a longer Black Friday will cost it more in markdowns.
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SoftBank sells $11.1 billion of junk bonds to pay OpenAI, at up to 9.75%: about $1 billion a year in interest
SoftBank's own term sheet shows what the record sale costs: coupons of 8.625% to 9.75% on the dollar notes, 3.6 to 4.6 points over Treasuries, to fund a $10 billion OpenAI payment due Oct. 1.
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Scholastic falls 12% after hours as school budget cuts drive a 24% drop in its education sales
The children's publisher kept its full-year forecast. The wider loss per share mostly reflects its sale-leaseback. The weak spot is schools buying less supplemental curriculum.
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Select Water buys Pilot Water for $700 million, about 5.7 times next year's profit; shares jump 12% late
The oilfield water company is paying $600 million in cash and $100 million in stock for a Delaware Basin disposal network. The sellers get protection if Select's share price falls after closing.
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Costco's U.S. same-store sales rose 10.7% last quarter, but 7.2% without gasoline and currency
Costco earned $6.75 a share in its fiscal fourth quarter, including a 15-cent tariff refund. Membership fees rose 7.3% and were almost half of operating profit. The stock barely moved after hours.
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Stocks close flat as the 10-year yield climbs to 5.18%; Akamai jumps 17% after hours on Anthropic deal
The S&P 500 slipped 0.02% and the Dow fell 0.31% as the bond selloff reached its highest yields in about two decades. Akamai fell 6.8% in the session, then disclosed an $11.6 billion Anthropic contract after the bell.
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Intermex falls to $10.57 against Western Union's $16 cash offer as California's review drags on
The remittance company has lost a quarter of its value in eight sessions. The market is now pricing a real chance that the deal fails, and the break fee in the filings may not cover this kind of failure.
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HouseCanary files Chapter 11 over a $30 million loan while it waits to collect a $175 million-plus verdict from Rocket
The property-data company behind Google's home listings pilot says bankruptcy is the way to stop a lender seizing it before a court turns its jury win into a judgment.
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EquipmentShare falls 9% on a Blue Orca short report; its OWN Program payouts equal half its segment EBITDA
The short seller says undisclosed promises behind the equipment rental company's investor-funded fleet create hidden liabilities. The company's own filing shows how big that program already is.
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BP eyes Devon's Eagle Ford shale unit; the reported $3.5 billion to $4 billion price is about $52,000 a flowing barrel
Reuters says BP has entered the data room for Devon's South Texas assets. The deal would add about 77,000 barrels a day, taking BP's shale arm most of the way to its 2030 goal.
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Acadia falls 10% after its Alzheimer's psychosis drug misses its main goal; Phase 3 goes ahead at one dose
Remlifanserin missed the primary endpoint of a Phase 2 study with a p-value of 0.06, and the lower dose barely beat placebo. Acadia is pressing on with Phase 3, and its two approved drugs still earn about $1.3 billion a year.
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Merck's eye drug remigromig matches ranibizumab in a pivotal trial, with more eye bleeding and dropouts
The BRUNELLO trial met its goal of showing vision gains no worse than an older standard drug. Merck gave no effect sizes and flagged higher rates of three side effects. The shares barely moved.
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Sequans sells its last 314 bitcoin and ends its treasury strategy; it once held more than 3,200
The French chipmaker says it now has no crypto and no debt apart from government research financing. It did not say what the final sale raised. At today's price the coins were worth about $26 million, close to 60% of the company's market value.
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Hyundai is set to outsell Ford for the first time, 511,421 to 504,172 in Cox's third-quarter forecast
Cox Automotive expects Ford's U.S. sales to fall 7.1% as Hyundai's rise 6.5%. Its percentages imply a 70,000-vehicle swing in a year, and they show Toyota closing most of its gap with GM.
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The Magnificent Seven's September rally is mostly Meta: up 30%, while the other six average 1%
The megacaps are being described as a haven from the bond selloff. Our numbers show one stock doing most of the work, while the average S&P 500 stock fell 3.7% this month.
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Alphabet stock: what is actually going on
Alphabet traded near $340.93 at midday Thursday, worth about $4.17 trillion. Google Cloud grew 82% last quarter, yet the stock is 15% below its May peak and has trailed the Nasdaq-100 this year as spending, borrowing and new shares pile up.
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PepsiCo plans to raise some chip and soda prices after its cuts left snack volume flat
Bloomberg reports the price increases follow cuts of up to 15% on Lay's and Doritos. PepsiCo's own filing shows what those cuts did: North American snack revenue fell 2% and volume did not move.
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Qualcomm renews its Apple patent license from April 2027, protecting a unit with a 69% profit margin
The licensing arm is about 13% of Qualcomm's segment revenue but 28% of its segment profit this fiscal year. The renewal keeps that stream in place while Apple moves away from Qualcomm modems.
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Paramount launches a $7.5 billion loan for Warner Bros., the first piece of about $52 billion in new debt
Paramount Skydance owed $15.2 billion at the end of June. Reuters says the combined company is expected to carry about $80 billion once the Warner Bros. Discovery deal closes.
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GoDaddy jumps 10% on a reported Gen Digital takeover approach; the two carry $12 billion of debt already
The Norton maker is worth about $15 billion and GoDaddy about $13 billion after the jump. Any deal would mean one company buying another almost its own size with a lot of borrowed money at today's rates.
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Lowe's starts drone delivery with Wing and DoorDash: one store, 2.5-pound loads, a 5-mile radius
Lowe's is the first home improvement chain to deliver by drone, in 20 minutes or less. For now it is a pilot at a single North Carolina store, and the limits say more about who it serves than the headline does.
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Oracle falls 6.6% on a data center force majeure notice; $288 billion of its leases have yet to start
Bloomberg reported that Oracle sent a force majeure notice on its Project Jupiter campus to protect itself if the site is late. Oracle says the project is on schedule. Its own filing shows why investors care: $288 billion of data center leases have not yet hit its balance sheet.
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BlackBerry lifts its revenue outlook to as much as $636 million, but the raise leans on licensing
Quarterly revenue rose 26% to $163.3 million on record QNX car-software sales. Compared with June's guidance, most of the full-year raise comes from patent licensing and QNX, while the Secure Communications forecast was cut.
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Darden profit dips to $2.05 a share, but only because of last year's Canada gain; Olive Garden grows 1.1%
Headlines say profit slipped. Strip out a $42 million gain from a year ago and Darden's operating margin actually rose. The weak spot is Olive Garden, and food costs are rising faster than sales.
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Starbucks to close about 250 North American cafes, take $300 million in charges and cut openings to 440
The closures cost roughly $1.2 million per cafe on average, most of it in cash for lease exits and severance, according to the company's filing. Net new openings for the year fall to about 440 from 600 to 650.
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FDA advisers back Grail's Galleri cancer blood test 7-2, but split 6-4 on whether it works
The panel said the benefits outweigh the risks, a first for a multi-cancer blood test. In Grail's main study the test caught about one in three cancers diagnosed within a year, and the stock had already jumped 34% before the vote.
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Starboard builds a stake in Knife River and pushes for a sale or higher margins; stock rises after hours
The activist wants the aggregates and paving company to close its margin gap with peers or explore a sale, the WSJ reported. Knife River's own numbers show why a single margin point is worth about $5 a share.
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Arcturus calls its OTC deficiency data encouraging; the Phase 2 had seven evaluable patients and no placebo
ARCT-810 lowered average ammonia and glutamine in a small open-label study, but Arcturus is already moving a next-generation drug into the same trial. The stock was little changed after hours.
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Smurfit Westrock buys CMPC's Chile box business for $420 million, below its own valuation multiple
The packaging giant is paying less than 6 times post-synergy EBITDA for a Santiago paper mill and three box plants. On our math its own shares trade at about 7.6 times this year's guided EBITDA.
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Diller's People Inc drops its $48.30 MGM Resorts bid; MGM falls 8% after hours to $34.78
People Inc, which owns about a quarter of MGM, has withdrawn its June offer. The stock had already closed more than $10 below the bid price, and after hours it traded below where it stood before the offer was made.
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AMC prices $3.97 billion refinancing at 8.875%; total interest falls but cash interest rises
AMC sold $2 billion of first-lien notes at 8.875% and an $850 million loan at SOFR plus 4.5%, pushing its 2029 debt wall out to 2031 and beyond. On our math the yearly interest bill falls by about $44 million, but the part paid in cash goes up.
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TransUnion CFO Todd Cello to step down Dec. 31; credit bureau reaffirms guidance a week before quarter-end
The 29-year veteran will stay on as an adviser until March 1, a day after a 2024 stock award vests. TransUnion kept its third-quarter and full-year outlook, and the shares fell 1.3%.
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Everpure guides to as much as $7.3 billion in fiscal 2028 revenue; stock jumps 6% after hours
The storage company formerly known as Pure Storage gave a first look at fiscal 2028 at its analyst meeting. The midpoint implies its operating margin rising from about 19% to about 25%.
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Teamshares raises $225 million from T. Rowe Price accounts, at a 16% dividend it must pay in cash or stock
The buyer of small businesses from retiring owners sold perpetual preferred stock to fund more deals. The filing shows what the money costs: about $36 million a year in cash, more than the $30 million of EBITDA it had under letters of intent.
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Alcoa closes $2.6 billion of bonds at up to 6.875% for the South32 deal, more than doubling its debt
The notes pay for the $3.1 billion cash portion of Alcoa's purchase of South32's aluminum assets. They add about $175 million a year of interest, more than Alcoa's current interest bill, and must be repaid at par if the deal falls through.
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Caesars holders approve Fertitta's $31-a-share buyout; the stock still trades $1.39 below the price
About 97% of votes cast backed the deal. The 4.7% gap left in the share price is the market's price for the gaming approvals still to come, and the merger agreement pays holders extra if those take too long.
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Granite Point puts itself up for review and sets a 1-for-10 reverse split, with its stock at 15% of book value
The commercial real estate lender says it is weighing a merger, asset sales or new capital. Its shares are worth about $40 million against a June book value of roughly $275 million, and its cash has been falling.
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Peloton weighs an $800 million debut bond at about 8%, cheaper than its SOFR-plus-6% term loan
Bloomberg says the company has been sounding out investors on a secured bond. Its annual report shows why the math may work: a $980 million term loan costing close to 10% at today's rates.
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Stocks close lower as the 10-year yield hits 5.11%: S&P 500 falls 0.75%, Nasdaq drops 1.1%
Hot flash PMI readings and a Fed governor backing more hikes sent Treasury yields to their highest since 2007. Rate-sensitive stocks and small caps took the worst of it; energy was the only sector up.
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Microsoft's $10 billion Gulf plan is mostly money it already pledged to the UAE
Microsoft says it will spend more than $10 billion in Kuwait, Qatar, Saudi Arabia and the UAE through 2030. Last November it had already committed $7.9 billion to the UAE alone for 2026 to 2029.
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Boeing rises 1.6% as its engineers union backs a new offer worth at least 28.7% over four years
SPEEA's councils recommend the revised contracts, with voting running to Oct. 1. The August offer was rejected by 64% of engineers, so roughly 1,600 of them need to switch sides.
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SEC counts 208 IPOs in the first half, but SPACs drove the rise and operating-company listings fell 21%
The SEC says IPO proceeds jumped almost fivefold to more than $137 billion. Its own table shows 118 of the 208 deals were blank-check companies, and the second quarter alone brought in 84% of the money.
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Rivian recalls 100,700 vehicles over a camera display bug, but more than 95% are already fixed
The recall covers most of the vehicles Rivian has ever built, including early R2s. The fix is a software update that Rivian says more than 95% of those vehicles already have, and the stock barely moved.
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Astrana Health falls 5% after reporting a "material" breach carried out by spoofing its own phone number
The Medicare-heavy care company says patient data may have been taken, but also says it does not expect a material hit to its finances. Both statements are in the same filing, and the attack method is one any business can be hit by.
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Disney raises ad-free Disney+ and Hulu to $21.49 a month each, making the bundle nearly half price
The ad-free tiers rise 13% while the ad-supported plans go up 50 cents. The real change is in the gaps: between one service and the bundle, and between paying for no ads and watching them.
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Airtel Money plans a London IPO at up to $9 billion, up to about 7 times revenue for a debt-free African wallet
Airtel Africa's mobile money arm will list in London by selling existing shares, aiming to raise at least $800 million. That is well below the $1.5 billion to $2 billion it once hoped for, and it could still be the UK's biggest IPO since 2021.
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Swiss senators back a 90% capital rule for UBS units; the bank puts the extra cost at about $18 billion
Headlines disagreed on whether the vote was tough or lenient on UBS. Both are right: it is easier than the government's 100% plan and much harder than the bank's preferred option. It roughly doubles the capital behind UBS's foreign units.
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Amazon stock: what is actually going on
Amazon traded near $249.60 at midday Wednesday, worth about $2.69 trillion. AWS is growing at its fastest pace in 18 quarters, but the stock has lost about 12% since early August while the Nasdaq-100 rose.
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NYSE signs a non-binding deal to offer tokenized stocks to Blockchain.com's 44 million accounts
The pitch is 24/7 trading of U.S. stocks for crypto users worldwide. The memorandum sets no launch date, the NYSE platform has not launched, and the release never mentions last week's SEC exemption.
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Jana pushes Six Flags to seek a sale, but a buyer would mostly be taking on $4.9 billion of debt
The activist wants the park operator to hire a bank. Six Flags stock is worth about $1.3 billion, roughly a fifth of what the whole company costs once its debt is counted.
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Royal Caribbean pays $3 billion for half of Sandals; two days of selling have cost it about $6.2 billion
The cruise company confirmed a 50% stake, not the majority the FT described, at about 10 times forward EBITDA and paid for with Morgan Stanley debt. RCL fell to a new 52-week low.
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Michael Burry adds to Micron, Palantir and chip ETF shorts; Micron already trades near 9 times its earnings pace
The "Big Short" investor says the memory shortage will end within two years. The stock market has been pricing a downturn for a while, which is why the real test is Micron's Sept. 30 outlook.
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Activist Toms Capital urges Devon Energy to consider a sale; its claimed discount is worth about $13 a share
Toms, now among Devon's five largest holders according to CNBC, says the post-Coterra company trades at least one EBITDA multiple point below peers. We worked out what that gap means in dollars, using Devon's own filings.
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MoonPay buys broker North Capital for over $60 million in stock, a licensed path into tokenized securities
The crypto payments company is buying a Utah broker-dealer and trading platform that has handled more than $8.7 billion of securities deals. The price was not disclosed by either side, and the firm it is buying works mainly in private markets, not the listed stocks the SEC just opened up.
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Alkami falls about 20% after ending its sale review, three months after Jana pushed for a deal
The digital banking software maker for community banks and credit unions says it will stay independent and kept its 2026 forecast. The stock dropped to $14.55, near its 52-week low, and now trades at about three times its recurring revenue.
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IonQ jumps as much as 15% on an Nvidia install and an error-correction test, then gives most of it back
IonQ said a Superion 256 machine will be the first quantum computer at Nvidia's quantum research center, and that its decoder kept pace across 408 logical qubits. That test ran on simulated circuits, the Nvidia deal has no disclosed dollar value, and the stock was up under 5% soon after the open.
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Cracker Barrel jumps 7% on a 3% to 5% sales outlook, but tariff refunds made up $9.1 million of its profit
Adjusted EBITDA rose to $62.1 million in the fourth quarter. Without the refunds it would have been below last year, and comparable restaurant sales still fell 2.1%.
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McDonald's pledges $8.5 billion to franchisees through 2036 and targets a low-to-mid 50% margin by 2030
The company says its restaurant overhaul will add about $100,000 a year in cash flow per U.S. restaurant with a four-year payback. That math implies owners still put up serious money of their own.
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General Mills earns 75 cents a share and holds its outlook as foodservice price and mix rise 5 points
Organic sales were flat as grocery volume fell and foodservice pricing rose. Adjusted EPS fell 13% but topped the 72-cent estimate, and the company skipped buybacks.
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Cintas earns $1.39 a share and lifts its outlook, but one extra workday supplied part of its 10.9% growth
The uniform and safety supplier to more than a million businesses beat estimates. Its first-aid and safety arm grew 16%, and the revenue guidance raise is about the size of the quarter's beat.
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Paychex falls 6.7% before the open as core payroll revenue grows 4%, slower than its full-year target
Adjusted EPS of $1.34 edged past estimates, but the business that serves small employers grew below the 5% to 6% pace Paychex still promises for the year. The Fed hike added only $5 million to its interest outlook.
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SEC fines OTC Link $575,000 over more than eight years of gaps in its systems-security rules
The broker-dealer runs the main quotation and trading systems for over-the-counter stocks. The penalty is about 7% of one quarter's profit at its parent, OTC Markets Group.
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Lennar spinoff Millrose borrows $1 billion at 6.5% and 6.75%, partly for Dream Finders-Beazer land
The homesite financier is paying about 1.7 to 1.9 points over Treasuries, and part of the money must be returned if the homebuilder merger is not done by May 2027.
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Paychex reports Wednesday with $1.33 a share expected; its client-cash guidance predates the Fed's hike
The payroll firm pays one in 11 U.S. private-sector workers, so its numbers are a read on small-business hiring. Cintas and General Mills also report before the open.
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Micron jumps 5% to $1,096 ahead of Sept. 30 results; Wall Street expects $31.24 a share, barely above guidance
Micron guided to $50 billion of quarterly revenue and about $31 a share. The stock trades near 9 times that pace, which suggests the market still has real doubts about how long the memory boom lasts.
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Snorkel AI raises $350 million at a $3.5 billion value; its price per dollar of revenue fell about sixfold
The AI training-data supplier nearly tripled its valuation since May 2025. Its revenue run-rate grew far faster, from about $20 million to more than $350 million, so investors are paying much less per dollar of sales.
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Meta's Muse knocks about $81 billion off banks, brokers and insurers; Schwab falls 6.1%, Allstate 5.5%
Investors sold companies that profit when customers stay put, on fears that AI agents will shop around for people. Expedia, which signed up with Muse, finished flat.
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Brighthouse rises 4.1% as Sixth Street circles, but the stock still sits $18 below Aquarian's $70 deal price
Bloomberg reports a Sixth Street-backed insurer told Brighthouse it wants to buy the company if the pending Aquarian deal fails. The gap between $51.90 and $70 shows how much doubt the market has about that deal.
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Medicare plans up to 15% cuts on lab tests from 2027; Quest falls 4.2%, Labcorp 3% despite reaffirming its outlook
CMS says Medicare has paid about 16% more than private insurers for lab tests. The cuts start in 2027, not this year, and Medicare and Medicaid are 8% of Labcorp's revenue.
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Data center power supplier Solaris upsizes bond sale to $1.25 billion at 7%, about 2 points over Treasuries
Solaris Energy Infrastructure raised its offering from $1 billion after launching it Tuesday. The shares fell 4.9%, and the new debt equals about a quarter of the company's stock market value.
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Worthington Enterprises jumps about 16% after hours on a beat; $4 million of tariff refunds helped
The Bernzomatic and Coleman propane maker posted adjusted EPS of $0.82 and 13% sales growth. The release also shows how much of the quarter came from refunded tariffs and from joint ventures rather than its own operations.
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KB Home earns $1.05 a share as revenue falls 20%, and trims its full-year margin range to 16.0%-16.2%
The builder says full-year numbers stay "within the ranges" it gave in June. Put the two releases side by side and the ranges have narrowed to their low end, while cancellations jumped to 18%.
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Stocks close mixed: Nasdaq sets another record at 27,244 as the S&P 500 ends flat and the Dow drops 185
Tech and a handful of big single-stock moves lifted the Nasdaq, while a near 2% slide in financial stocks held the S&P 500 in place. Oil fell for a fifth straight day.
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Cisco falls about 5% after Piper Sandler cut; hyperscalers are 6% of sales but over a third of planned growth
Piper Sandler lowered its Cisco target to $125 on worries that industry growth is peaking. Cisco's own guidance shows how much of next year rests on a handful of cloud giants.
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OpenAI prices GPT-6 Sol at $2 and $10 per million tokens. The 50% cut does not apply everywhere
OpenAI halved API prices for its new mid-tier and budget models against GPT-5.6 promotional rates. Its own price sheet shows long prompts and fast mode cost double, which is where the old price comes back.
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Royal Caribbean in talks to buy Sandals at a $6 billion value; its own stock loses about $3.8 billion
The Financial Times says the cruise line is close to taking a majority stake in the Caribbean resort chain. Investors wiped out a morning gain and pushed RCL near its 52-week low.
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Amgen adds about $9 billion in value on a Sjögren's drug win, but the release gives no effect size
Dazodalibep met its main goal in a Phase 3 trial for a disease with no approved treatment. The size of the benefit, and a second trial due in the fourth quarter, are what matter next.
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Trump discloses 1,156 trades for July, about four times what all House members have reported for the month
The president's accounts sold up to $25 million each of Microsoft and Amazon on one day. Our count of House filings puts his single month in context.
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Coinbase opens IPOs to retail investors with Oura first. The prospectus does not say how big the slice is
Customers can request Oura shares at the offer price, with a 60-day penalty for selling inside 30 days. Oura's filing does not say how many shares Coinbase gets, and big buyers have already signaled interest in up to $400 million.
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Berkshire crosses 10% of Lennar and buys $212 million more stock in three days; shares jump 6.5%
Berkshire bought near Lennar's 52-week low, days after the homebuilder's profit halved. Crossing 10% also means every future trade has to be disclosed within two business days.
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CMS cancels ACA plans covering 760,000 people and freezes new broker sign-ups; Oscar falls 4.5%
The cancellations happened on August 31, and CMS says they were enrollments people never authorized. The bigger change for 2027 is what happens to insurance agents.
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Anthropic launches Claude Opus 5.5 at 40% lower cost. The list price only falls 20%
Token prices drop to $4 and $20 per million. The rest of the headline saving depends on caching and on how many tokens a job uses, so what a business saves depends on the workload.
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Data center supplier Accelevation sets IPO at $20 to $24. Most of the shares are being sold by existing owners
The Ohio power and white-space equipment maker could raise up to $720 million. Its filing shows 71% of the shares come from sellers, and the company's cut goes toward a loan that funded a payout to its owners in June.
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Goldman in talks to buy $37 billion credit firm Palmer Square. Its listed fund trades 24% below asset value
Bloomberg reports Goldman is the lead bidder for the Kansas CLO manager. Palmer Square's publicly traded lending fund rose as much as 4.8% on Tuesday, then gave most of it back.
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Strategy buys 950 bitcoin for $75.7 million, but spent $174 million buying back its own preferred
Headlines say Strategy is buying bitcoin again. Its filing shows it sold no stock, and over three weeks put $489.6 million into repurchasing STRC preferred against $75.7 million into bitcoin.
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Alibaba unveils its Zhenwu V900 AI chip. Nvidia's guidance already assumes no China data center sales
Alibaba called the V900 China's most powerful AI chip and set a 20-gigawatt data center goal. Its U.S.-listed shares rose about 1%, and the read-across to Nvidia's numbers is smaller than the headlines suggest.
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GameStop's Ryan Cohen buys $26.4 million of stock, weeks after a debt swap added 55.5 million shares
GameStop shares rose about 4% after its chief executive disclosed buying 1.15 million shares at about $22.94. The filings behind the purchase show the stake it bought into had just been diluted by roughly 12%.
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Animoca Brands shelves its Nasdaq merger with Currenc, and Currenc shares fall 5%
The crypto investor would have owned 95% of the combined company. Currenc's filing shows the talks had run past their exclusivity deadline, and that Currenc now wants room to raise money.
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Nvidia-backed Iambic Therapeutics files for a Nasdaq IPO as ADARx sets a $15 to $17 range
Two drug developers moved toward Nasdaq listings on Monday. Iambic's filing shows $12.8 million of revenue and a $50.1 million loss in the first half, and it has not yet named a price.
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AutoZone earns $56.05 a share and the stock rises 4.7%, but tariff refunds did much of the margin work
Quarterly sales rose 5.6% to $6.6 billion and commercial sales to repair shops grew 8.6%. Strip out tariff refunds and an accounting benefit, and gross margin would have been lower than a year ago.
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Binance faces a U.S. sanctions probe days after its $100 million Circle deal. Circle shares barely moved
Manhattan federal prosecutors are examining whether Binance let trading continue despite knowing it broke sanctions law, Bloomberg reported. Circle's filing shows what a legal order could mean for Binance's new stake.
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DoorDash pays $131.5 million in NYC pay settlement, but only $12.3 million was missed or late pay
Most of the money settles a fight over how to pay couriers for time spent waiting between orders. DoorDash says it will use the city's method from now on, and that is the part restaurants and rivals should watch.
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Viking Therapeutics stock jumps 33% on obesity shot data. The 22% and 97% figures need context
Viking says patients kept most of their weight loss when its VK2735 shot was cut to every other week or monthly. Eli Lilly and Novo slipped. Here is what the headline numbers do and do not show.
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Binance bought $100 million of Circle at $80.84 a share after a sell-off, and is already up about 17%
Circle's filing calls the price a discount. It was below every trade on the day of the deal, but above the prior close. The bigger number for shareholders is what Circle pays distributors.
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Stocks close higher: Nasdaq hits a record 27,122 and the S&P 500 gains 1.5% as oil drops 4.5%
Chip stocks and Meta led a broad rally as crude fell below $100 and Treasury yields eased. It was the Nasdaq's first record close since June.
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Meta stock jumps 11% to about $741 as its Muse AI agent draws Wall Street praise and an Amazon block
Meta is on track for its biggest gain of the month, adding roughly $190 billion in market value, after Wells Fargo raised its price target ahead of Connect. Amazon, meanwhile, cut Muse off from shopping on its site.
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Apple stock: what is actually going on
Apple traded near $342.37 at midday Tuesday, worth about $5 trillion and up about 26% in 2026, after touching $345.34 intraday. A new CEO, the iPhone 18 launch and rising memory chip costs are what matter now.
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Paramount settles state antitrust suit, clearing the way for its $110 billion Warner Bros. deal
Warner Bros. Discovery shares rose about 10% and Paramount Skydance about 11% after reports that the company reached a settlement with the states suing to block the merger.
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AMD tops $1 trillion in market value as Intel and Arm jump about 15% in a processor rally
Advanced Micro Devices hit a record and crossed the $1 trillion mark for the first time on Monday, as a broad bid for CPU makers helped lift the Nasdaq about 1.6%.
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Oura sets IPO range at $40 to $44 a share, seeking up to $2.2 billion on Nasdaq
The smart ring maker launched its roadshow Monday with a filing that shows nine-month revenue up 74% to $1.21 billion. Reuters says the deal targets a fully diluted valuation of $15.62 billion.
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Palantir stock: what is actually going on
Palantir trades near $190, worth about $456 billion, up roughly 7% for 2026 after falling to $107 in June. Revenue is growing 93% a year, and third-quarter results are expected around November 2.
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Tesla vs Waymo: one has the miles, the other has the manufacturing
Waymo has driven hundreds of millions of driverless miles and published the safety math. Tesla has a car built for the job, a factory and a lower cost per vehicle. The race is between proof and price.
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Strategy (MicroStrategy) stock: what is actually going on
Strategy closed Friday at $153.92, up 16.4% as bitcoin returned to $80,000. The company holds 845,050 bitcoin, has not bought any since early September, and is now buying back its own preferred shares instead.
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Coinbase stock: what is actually going on
Coinbase traded at $184.54 on Monday, October 5, about 54% below its 52-week high even with Bitcoin near $85,000. The last reported quarter showed a $359.5 million net loss, and almost half of net revenue no longer comes from trading fees.
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What the federal crash reports actually say about Tesla's robotaxis
Seventeen autonomous-system incidents across nine months of testing, most of them minor, several caused by other drivers, and two caused by Tesla's own remote operators. The record is neither the disaster nor the perfection both sides claim.
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Nvidia stock: what is actually going on
Nvidia traded at $230.59 on October 1, worth about $5.56 trillion, after adding $150 billion to its buyback. Data centers supply 92% of revenue, and the company has committed $366 billion to future supply, leases and investments.
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Tesla's Cybercab is carrying passengers in Austin. Here is what is actually running
A two-seat car with no steering wheel, no pedals and no mirrors started commercial service on September 3. Six cities already have driverless Teslas, the target is ten by year end, and a federal audit opened the same day the service did.
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Musk's companies quietly merged their AI: what SpaceX owning xAI means for Tesla shareholders
SpaceX absorbed xAI in February. Tesla's investment converted into roughly 19 million SpaceX shares. Grok now drives features inside Tesla cars. Here is how the pieces fit, and why it matters to anyone holding TSLA.
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Tesla is no longer priced as a car company: inside the robotaxi and Optimus bet
A Cybercab pilot in Austin, a Nevada permit for up to 5,000 autonomous vehicles, a third-generation humanoid robot and an in-house AI chip. Here is what Tesla is actually building, and what investors are watching next.
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AI cloud firm Nscale files for NYSE IPO as first-half revenue jumps 1,252% to $140.6 million
The London-based GPU cloud provider plans to list under the ticker NSCL. Its filing shows fast growth, a $1.02 billion first-half loss and $56.4 billion in contracted future revenue.
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Warren Buffett steps down as Berkshire chairman at 96; son Howard Buffett takes the seat
Buffett becomes chairman emeritus and stays on the board, completing a handoff that began when Greg Abel became CEO. Berkshire's B shares ended Friday little changed.
