-
CoreWeave Beats Q3 Revenue Estimates on AI Computing Boom
AI cloud provider CoreWeave beat Wall Street estimates for third-quarter revenue Monday, benefiting from surging demand for its computing infrastructure that powers artificial intelligence workloads.
-
Occidental Petroleum Beats Quarterly Profit Estimates
Occidental Petroleum beat Wall Street expectations for third quarter profit Monday, as the U.S. shale producer benefited from higher production.
-
Paramount Skydance Misses Revenue Estimates
Paramount Skydance Monday fell short of Wall Street estimates for revenue in the first quarterly results for the combined company since the completion of the $8.4 billion merger.
-
Apple Delays Next Version of iPhone Air
Apple will not release the next version of the iPhone Air in the fall of 2026 as previously planned, amid weak sales, the Information reported Monday, citing sources familiar with the matter.
-
Wendy's to Close Hundreds of US Stores in Bid to Halt Falling Profit
Wendy's plans to close hundreds U.S. restaurants over the next few months in an effort to boost its profit.
-
Fla. AG: Probing JPMorgan Chase Debanking Trump Media
Florida Attorney General James Uthmeier announced his office has opened an investigation into JPMorgan Chase for allegedly debanking Trump Media & Technology Group right before its public listing last year.
-
Tesla Chair Hails Investor Support for Musk's $878B Pay
Tesla board chair Robyn Denholm thanked the electric-vehicle maker's shareholders Monday for approving CEO Elon Musk's $878 billion pay package.
-
Buffett Strongly Backs CEO-Designate Abel
Warren Buffett Monday assured shareholders of Berkshire Hathaway they need not worry about his upcoming departure as chief executive, giving a full-throated endorsement to his successor Greg Abel and promising to remain a major stockholder in the conglomerate.
-
OpenAI Considers Consumer Health Tools
OpenAI is weighing building consumer health products, including a generative AI-powered personal health assistant, as the ChatGPT maker aims to move beyond its core offerings, Business Insider reported Monday, citing sources close to the company.
-
Elon Musk Is a Bargain at $1 Trillion
Recently, Tesla stockholders made a striking decision. They agreed to compensate Elon Musk up to $1 trillion if he meets a series of ambitious performance goals. While this eye-popping figure might raise eyebrows, if Musk fulfills the necessary criteria, he could very well...
-
Sen. Warren Pushing Defense on Right-to-Repair
Sen. Elizabeth Warren, D-Mass., is escalating pressure on the defense industry to stop opposing military right-to-repair legislation, as House and Senate negotiators work to finalize the fiscal 2026 National Defense Authorization Act.
-
Restaurant Chains Warn Consumers Are Pulling Back
Several major fast-food and fast-casual restaurant chains in recent days have highlighted slumping sales as inflation worsens and hiring slows, reports ABC News. Executives say 25- to 35-year-old customers are visiting their stores less frequently as they try to save money.
-
Trump Urges Lawmakers to Give ACA Funds 'Directly to the People'
President Donald Trump on Saturday floated a potential compromise amid the impasse over the U.S. government shutdown, urging Republicans to redirect federal money that currently goes to health insurance companies under the Affordable Care Act and give it to individuals.
-
Nvidia CEO Huang Sees Strong Demand for Blackwell Chips
Nvidia CEO Jensen Huang said on Saturday the semiconductor giant's business was growing strongly and it was experiencing "very strong demand" for its state-of-the-art Blackwell chips.
-
Affirm CEO: Fed Worker Spending Slows Amid Shutdown
Affirm CEO Max Levchin on Friday said his financial technology company has seen early signs of reduced shopping interest among federal employees during the government shutdown.
-
Banks Lend $18B for Oracle-Tied Data Center
A consortium of around 20 banks is providing a project finance loan of about $18 billion to support the construction of a data center campus linked to Oracle in New Mexico, Bloomberg News reported Friday.
-
Amazon Takes Low-Cost E-Commerce Service Global
Amazon.com Friday expanded the reach of its low-cost e-commerce service to 14 additional markets and said it will call it Amazon Bazaar.
-
WH: Man 'OK' After 'Fainting' in Oval Office
A man at President Donald Trump's news conference Thursday to announce the "most-favored nation" cost cutting collapsed. Dr. Mehmet Oz rushed to catch the man as he fell and the press was immediately ushered out of the news conference....
-
McDonald's, Chili's, Domino's Win on Value
As U.S. consumers tighten their wallets, budget-friendly restaurant chains such as McDonald's, Chili's and Domino's are emerging as winners, drawing more diners who are trading down to cheaper meals.
-
Meta to Invest $600B in US as Data Centers Expand
Meta Platforms Friday said it will invest $600 billion in U.S. infrastructure and jobs over the next three years, including artificial intelligence data centers, as the social media giant races to build infrastructure to power its AI ambitions.
-
Berkshire Warns of AI Deepfakes Impersonating Warren Buffett
Warren Buffett has a message for people who generate or view AI-created impersonations of him. There's only one Oracle of Omaha.
-
Cornell Settles With Trump Admin for $60M
Cornell University has agreed to pay $60 million and accept the Trump administration's interpretation of civil rights laws in order to restore federal funding and end investigations into the Ivy League school. Cornell President Michael Kotlikoff announced the agreement on ...
-
Exxon CEO Expects Long-Term Role for Oil and Gas
Oil and gas will play a critical role for a long time to come, Exxon Mobil CEO Darren Woods said Friday, adding that the question was whether they will continue to be used as fuel.
-
Musk Expects China Approval for Tesla Self-Driving
Tesla CEO Elon Musk said he expects the automaker's Full Self-Driving software, a driver assistance system, will be fully approved in China early next year.
-
Wall Street on Musk's $1 Trillion Pay: It's Over the Top
Tesla CEO Elon Musk has won shareholder approval for the largest corporate pay package in history. At the EV maker's annual meeting at its factory in Austin, Texas, Musk bounded to the stage accompanied by dancing robots.