MarketWatch
SpaceX just gave Wall Street a big reason to believe in the AI boom as demand for its computing power is off the charts.
MarketWatch
Super Micro unexpectedly disclosed that its revenue and profitability could be much stronger than originally anticipated.
MarketWatch
Special committees at both companies are assessing merger prospects but a combination is no sure thing, Musk says.
Bloomberg Markets
The shares of AI-related companies rallied in after-hours trading on Tuesday after strong preliminary results from server-maker Super Micro Computer Inc. spurred relief about the outlook for spending on the technology.
Bloomberg Markets
Asian stocks were set to track US stock futures higher as strong earnings from some of the biggest beneficiaries of the artificial intelligence boom helped revive the tech trade.
Bloomberg Markets
Oil steadied after a choppy session on Tuesday that saw traders parse conflicting headlines on efforts to end the US-Iran war.
Bloomberg Markets
Netflix reported earnings for the third quarter that exceeded Wall Street expectations, but forecast a fourth consecutive quarter of slowing sales growth, a projection that may amplify concerns about the performance of the world’s leading online TV network. Netflix delivered sales of $12.9 billion in the third quarter, in line with Wall Street’s expectations, and forecast sales of $13.4 billion in the year’s final three months, falling short of what analysts have predicted. The pace of growth ha
MarketWatch
Some analysts question whether people will actually take advantage of Walmart’s new bundle, and how easy it is to make sense of the benefits.
Bloomberg Markets
Simon Gallagher, Hanaging Director of SPG Global and a Former Netflix Content-Acquisition Director, says hiring Peter Rice signals a more commercial programming strategy. While niche titles can succeed, Gallagher argues Netflix should lean more toward broadly appealing films and shows to support growth. He speaks with Romaine Bostick on "The Close." (Source: Bloomberg)
Bloomberg Markets
Bryan McDonnell, Head of Real Estate Credit Strategies at PGIM, says investors should adjust business models to a higher-rate environment rather than count on rates falling. He describes the market’s recent uncertainty as a gap between rate expectations and reality, with Treasury yields rising above 5% after expectations briefly converged around 4%. He speaks with Romaine Bostick & Jess Menton on "The Close." (Source: Bloomberg)
MarketWatch
Streaming service cites “intense competition’ and acknowledges ‘some investor concern about our view hours growth.”
MarketWatch
Unlike bear-market bottoms, which typically end with a spasm of despair as traders throw in the towel, bull-market tops are far more gradual and less dramatic.
Financial Times
Long-awaited certification will help US planemaker compete with Airbus as airlines seek larger and more efficient aircraft
NY Times Business
Jackdaw, a natural gas field off the coast of Scotland, would be the first new gas extraction project in the North Sea since a government moratorium in 2024.
NY Times Business
Elon Musk’s rocket company also said its revenue had more than doubled, driven by its Starlink internet satellite service and artificial intelligence products.
MarketWatch
In an effort to thwart fraud, the Social Security Administration said it has fixed millions of records and is working on correcting millions more.
Financial Times
Elon Musk’s conglomerate spent more than $19bn on capital investments, more than Wall Street expected
Financial Times
Streaming group shakes up creative leadership as viewership growth stalls and current quarter profits would disappoint
CNBC Finance
United Airlines cut its profit outlook for the year as fuel prices continued to climb.
Bloomberg Markets
United Airlines Holdings Inc. forecast weaker-than-expected earnings for the final three months of the year, underscoring how soaring jet fuel prices are eating into airline profits despite resilient demand for air travel.