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
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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…
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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
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
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
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
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
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
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
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
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
Spotify shares jump on AI outlook and margin discipline
Shares of Spotify Technology surged 11 percent Thursday, the stock's best single-day gain since May and the first positive post-earnings reaction in t
SpaceX talks rattle AT&T shares
AT&T shares dropped 8% on Friday after a Bloomberg report said SpaceX is negotiating access to at least 80,000 U.S. cell sites, a step that could unde
Moderna selloff erases $24bn after melanoma data fails to justify rally
Moderna shares dropped sharply on October 22, wiping roughly $24 billion off the company's market value, even though the Phase III INTerpath-001 trial
Ark Innovation tops $15.4 billion with Musk and AMD driving 18 percent of ARKK
Cathie Wood’s Ark Invest reported $15.4 billion of assets under management in its second-quarter 13F filing, and the flagship Ark Innovation ETF (ARKK
Moderna shares post record one-day decline after melanoma data release
Moderna shares fell 25.2 percent to $183.88 on Thursday, erasing roughly $24 billion of market value in the steepest single-day percentage drop on rec
SpaceX spectrum deal pushes AST SpaceMobile to 52-week low
AST SpaceMobile shares fell to a 52-week low of $39.02 on October 20, twelve days after SpaceX agreed to buy Grain Management's nationwide 800 MHz low
Meta narrows capex range as Muse gains traction
Meta spent $34.91 billion on capital expenditures in the third quarter, up from $31.08 billion in the second, and narrowed its full-year forecast to $
Cramer Trust trims Broadcom and Capital One ahead of earnings
Jim Cramer's Charitable Trust sold 40 shares of Broadcom at about $335 on Tuesday afternoon, cutting the position to 120 shares and lowering the portf
Billionaire stock gifts flood Trump Accounts with SpaceX and Anthropic shares
Elon Musk and SpaceX President Gwynne Shotwell pledged to deposit company shares into custodial accounts for millions of American children, while Anth
Trump adds $8 billion diesel lifeline for harvest
The U.S. Department of Agriculture will hand out $8 billion in one-time payments to farmers this harvest season, a direct response to diesel prices th
Warehouse tax shelved on Trump trade-war fears
The government has quietly abandoned plans to raise business rates on out-of-town distribution centres after officials concluded the move would hit US
Goldman sees $20 freight bill rewriting oil math
The average cost to move a barrel of oil around the world has jumped to $20 from $3 a year ago, and Goldman Sachs says the surge is unlikely to revers
Trump hands YouTuber cash and opens $25 million fraud tip line
President Donald Trump and Vice President JD Vance announced on Tuesday a $10,000 payment to right-wing content creator Nick Shirley alongside a new f
Meta’s AI Comeback Faces a $10 Billion Legal Charge
Meta Platforms enters its third-quarter earnings call on Wednesday with the stock up several percentage points for the year after a two-month rally th
Salesforce pays $5.66bn for Braze in all-cash deal
Salesforce agreed to buy Braze for $5.66 billion in cash, valuing the customer-engagement platform at $47.50 a share and handing existing investors a
WTI reverses from one-month high on Iran diplomatic talk
West Texas Intermediate crude fell 2.36% to $95.70 a barrel on Tuesday, erasing an earlier climb above $100 that had marked a one-month high. The reve
Indonesia faces MSCI downgrade threat after $65 billion wipeout
Indonesia's stock market lost about $65 billion in value last week after MSCI said it was weighing a demotion to "standalone" status, a tier below eve
Merck KGaA pays 130% premium for Silence RNAi asset
Merck KGaA is spending $1.3 billion to buy Silence Therapeutics, a 130% premium that marks the second-highest markup on a major biotech deal this year
TSMC demand still outstrips AI capacity
Taiwan Semiconductor Manufacturing shares have climbed roughly 39 percent this year through October 15, leaving the S&P 500’s 13 percent gain in the d
Musk pledges SpaceX shares to every US child
Elon Musk said Monday he will give one SpaceX share to each of the roughly 72 million children in the United States next year, a distribution that wou
Google funds 100-MW virtual power plant in PJM
Google is paying residential, commercial and industrial customers across the PJM Interconnection to enroll in a 100-megawatt virtual power plant run b
AST SpaceMobile slides as Starlink secures low-band spectrum
Shares of AST SpaceMobile have given up roughly two-thirds of their value since peaking in late May, and the decline accelerated this week after Space
Suffolk County jury awards Sabatini $6 million in defamation verdict
A Suffolk County jury on Friday ordered Kristin Knouse to pay $6 million in damages to David Sabatini, the former MIT professor and Whitehead Institut
Credit spreads widen for Oracle and CoreWeave as AI capex cycle matures
Jefferies warned that rising credit spreads for Oracle and CoreWeave signal the market may be losing its appetite to fund the AI infrastructure boom a
Constellation Energy shares slide after Google deal euphoria fades
Constellation Energy shares climbed to $309.80 on October 6 after the company announced a 20-year power purchase agreement with Alphabet, then gave ba
Thiel Macro Concentrates 42% of Portfolio in Amazon and Vistra
Peter Thiel’s Thiel Macro allocated 42 percent of its portfolio to two artificial intelligence holdings in the second quarter, a concentration that ha
Iambic prices $150 million IPO at $16 a share
Iambic Therapeutics raised $150 million in an initial public offering on Wednesday, selling about 9.4 million shares at $16 each to begin trading on t
SoftBank junk bond sale tests Son's AI concentration
SoftBank Group priced an $11 billion high-yield bond in September at a record 9.75 percent coupon, the most expensive debt the conglomerate has ever i
Berkshire's Alphabet Stake Tops $37 Billion
Berkshire Hathaway has accumulated a $37.4 billion position in Alphabet, making the Google parent its third-largest equity holding and confirming Warr
Morgan Stanley equities trading crushes estimates by $909 million
Morgan Stanley's third-quarter profit rose 6.5 percent to $4.91 billion, or $3.03 a share, on revenue that climbed 12 percent to $20.34 billion, but t
Brookfield NextEra Plan $100 Billion AI Campus on Former Nuclear Site
The Energy Department unveiled a $100 billion private-sector plan to convert a Cold War uranium plant in western Kentucky into an AI computing campus,
JPMorgan names critical minerals chief for $1.5 trillion initiative
JPMorgan Chase has put Andrew Frame in charge of critical minerals investing for the bank's $1.5 trillion Security and Resiliency Initiative, a progra
Hyundai plans $15.5 billion India investment through 2032
Hyundai Motor Group will deploy $15.5 billion in India between 2026 and 2032, doubling down on a market its executive chair calls core to emerging-mar
Berkshire adds $330 million to Bending Spoons stake
Shares of Bending Spoons surged 35% after a securities filing disclosed that Berkshire Hathaway has committed a fresh $330 million to the Italy-based
Applied Materials opens $5 billion AI chip lab in Sunnyvale
Applied Materials unveiled its $5 billion EPIC research center in Sunnyvale on Monday, a 600,000-square-foot facility built to compress the developmen
Wells Fargo profit rises on loan growth
Wells Fargo posted third-quarter net income of $5.95 billion, or $1.87 a share, up from $5.59 billion, or $1.66 a share, a year earlier, as the lender
India Glycols surges 14% on demerger listing speculation
India Glycols shares jumped nearly 14 percent intraday on the BSE on Tuesday, erasing a three-day decline as traders bet on imminent listing dates for
T-Mobile steadies after worst day since 2013
T-Mobile US shares rose 0.39 percent in overnight trading Sunday, a modest bounce after the stock recorded its steepest single-day decline since its 2
Anthropic bets $100 million on deployed AI engineers
Anthropic has committed $100 million to train engineers from other companies in deploying its Claude models, a move designed to accelerate enterprise
Amazon seller dependency outlasts account termination
Jack Nekhala still orders from Amazon two or three times a week. His daughter needs bikes, scooters, the rotating cast of childhood equipment, and the
Broadcom Deepens Anthropic Bet With $60 Billion Financing
Broadcom’s exposure to Anthropic has expanded into a $60 billion debt syndication that sits atop a $35 billion private-equity vehicle, layering senior
Bristol Myers shares reverse on mixed lung drug data
Bristol Myers Squibb reported Monday that its experimental therapy admilparant met the primary endpoint in a Phase 3 idiopathic pulmonary fibrosis tri
JPMorgan profit climbs on trading and deal fees
JPMorgan Chase posted third-quarter net income of $15.3 billion, or $5.57 a share, up from $14.4 billion, or $5.07 a share, a year earlier. The beat c
JPMorgan profit misses as fixed income trading slides
JPMorgan Chase posted third-quarter net income of $15.4bn, missing analyst expectations of $16.3bn, as a 4% year-on-year decline in fixed income tradi
Moderna shares outrun analyst targets by sixty-one percent
Moderna has climbed more than five hundred percent this year, leaving the stock sixty-one percent above the Street’s average price target and reviving
Alphabet Capex Tops Two Hundred Billion With More Coming
Alphabet is running a roughly $200 billion capital expenditure program this year and President Ruth Porat told Fortune’s Most Powerful Women Summit on
Bumble Shares Jump 52% on $1 Billion Take-Private Talks
Bumble shares rose 52 percent to $3.86 on Friday after Reuters reported the dating-app operator is in talks to go private at a valuation of roughly $1