Coinbase earnings show bitcoin still calls the shots
Coinbase Global posted third-quarter adjusted net income of $719 million, a 66 percent jump from $433 million a year earlier, but the beat came from t
Companies
GOOGL
Alphabet sheds $482 billion in worst day since IPO
Alphabet lost $482 billion of market value on Thursday, the second-largest single-day wipeout in U.S. history and the steepest drop since the company …
Latest
GM settles 36-state data-privacy suit for $220M
General Motors will pay $220 million to resolve claims from 36 states that it harvested and sold detailed driving and location data without proper con
GitHub adds 4 million CPU cores to handle AI code surge
GitHub added 4 million CPU cores, 160 petabytes of storage and 50 terabits per second of networking capacity this year to absorb a flood of AI-generat
Alphabet sheds half a trillion in market value as AI spending alarms investors
Alphabet lost just over $500 billion in market capitalization on Thursday after its latest quarterly update convinced Wall Street that the company's a
Binance sets aside $6.34 billion to cover hack losses
Binance has earmarked more than $6.34 billion of its own money to absorb the fallout from a breach that drained roughly $6.3 billion in customer asset
Alphabet loses half a trillion in market value on AI spending alarm
Alphabet shed roughly $500 billion in market capitalization Thursday, the second-largest single-day wipeout in stock-market history, after investors d
Alphabet’s AI spending spree collides with search slowdown
Alphabet shares dropped more than 13 percent on Thursday, erasing roughly $511 billion in market value, after third-quarter results showed the company
Trian returns with $1.4 billion Wendy's offer
A group led by Nelson Peltz's Trian Fund Management has offered $7.35 per share in cash to take Wendy's private, valuing the equity at roughly $1.4 bi
Microsoft trims AI capex forecast on delayed GPU capacity
Microsoft lowered its capital expenditure outlook for the 2026 calendar year to $170 billion from $175 billion, a rare downward revision in a sector t
Microsoft’s OpenAI line item hits $10 billion for the quarter
Microsoft booked $10 billion in revenue tied to OpenAI during the three months ended September 30, a figure that amounts to roughly 11 percent of the
Coca-Cola raises 2026 profit forecast on premium drink strength
Coca-Cola lifted its full-year earnings outlook after third-quarter revenue topped estimates, a rare beat in a consumer sector where volume growth has
Jio Platforms surges 21.5% in record Indian debut
Shares of Jio Platforms rose 21.5% on their trading debut Wednesday, closing at 1,360 rupees after the country's largest-ever initial public offering
Novartis books $1.9 billion impairment, lifts full-year guidance
Novartis recorded a $1.9 billion partial impairment charge in the third quarter tied to del-desiran, the myotonic dystrophy candidate it acquired thro
Anthropic IPO filing reveals $567 billion compute bill
Anthropic's S-1 makes clear that the AI startup's single largest line item is not talent or research but the electricity and silicon required to keep
Meta plans $95 billion equity raise for AI buildout
Meta said Monday it will raise $95 billion through stock sales to fund an artificial intelligence infrastructure push that has already pushed its capi
DoorDash Nears $17 Billion Deal for Instacart
DoorDash is in advanced talks to acquire Instacart for about $17 billion, with an announcement possible as early as this week, according to the Wall S
Meta files for $95 billion equity raise to fund AI infrastructure
Meta Platforms disclosed Monday that it intends to raise as much as $95 billion through equity sales, a financing package designed to underwrite the c
Anthropic files for Nasdaq listing at potential $1.5 trillion valuation
Anthropic filed for an initial public offering on the Nasdaq under the ticker ANT, targeting a valuation of up to $1.5 trillion despite posting a net
HSBC folds Hang Seng asset unit into its own fund business
HSBC is merging Hang Seng Investment Management into HSBC Asset Management, the first concrete business-line integration since the London-based bank t
Meta raises $95bn for AI with non-voting stock and chip-maker anchors
Meta is raising up to $95 billion in fresh equity to fund an AI build-out that the company says already runs into the hundreds of billions over the ne
Anthropic files for IPO with $16.3 billion in half-year revenue
Anthropic filed for its initial public offering on Monday, unveiling the financial architecture behind one of the most anticipated debuts in recent me
Musk merger talk eclipses Tesla earnings miss
Tesla reported third-quarter results on Wednesday that showed auto revenue declining and energy revenue dropping even more sharply, but the numbers we
Trump targets $6.2 billion wind project near finish line
The Trump administration is asking a federal court to let it rescind the 2023 approval for Revolution Wind, a $6.2 billion offshore project that has b
Meta shares drop 7.5% as AI spending plan overshadows beat
Meta Platforms fell 7.5 percent on Thursday to $644.30, erasing the post-earnings pop that might have followed a quarter that topped estimates on ever
SpaceX Q3 profit lifted by Boring Company paper gain
SpaceX posted $4.4 billion of net income in the third quarter, reversing a $1.1 billion loss a year earlier, but $561 million of that profit came from
Schwab dividend ETF hits record close without Magnificent Seven exposure
The Schwab U.S. Dividend Equity ETF closed Thursday at $35.40, its highest finish on record, leaving the fund up roughly 29 percent since the end of 2
Rivian needs 23,193 Q4 deliveries to hit low-end guidance
Rivian Automotive reaffirmed its full-year delivery target of 65,000 to 75,000 vehicles on October 22, leaving the fourth quarter to carry the weight
Nvidia CEO sees no 2029 memory glut as China supply fears roil market
Jensen Huang dismissed the idea that the memory market is heading for a surplus by the end of the decade, telling CNBC on Thursday that demand for hig
Volvo Cars shares tumble 27% after China sales collapse
Volvo Cars shares fell 27 percent on Friday after the Geely-owned automaker reported a third-quarter operating loss of 5.6 billion Swedish kronor ($56
Netflix buybacks hit record while stock slides
Netflix posted $12.87 billion of third-quarter revenue, up 11.9% from a year earlier, with operating income climbing 34.6% and net income jumping 43.9