Reported 5 days ago
Meta has entered a $27 billion financing agreement with Blue Owl Capital to fund its largest global data center project in Louisiana, crucial for supporting large AI models. The Hyperion center aims to deliver over 2 gigawatts of computing power, with Meta retaining about 20% equity. The deal involves Blue Owl investing approximately $7 billion and Meta receiving a $3 billion payout, creating over 500 jobs once operational. Major tech companies are projected to spend $400 billion on AI infrastructure this year.
Source: YAHOO
Reported 5 days ago
Intuitive Surgical reported higher-than-expected profits and revenues for the third quarter, fueled by growing demand for its da Vinci surgical robots. The company's shares rose 17% in after-hours trading, as hospitals increase minimally invasive procedures. The adjusted profit margin forecast has been raised slightly, and the company anticipates a 17% to 17.5% increase in da Vinci-assisted surgeries in 2025. For the quarter ending September 30, Intuitive earned $2.40 per share, outperforming analyst predictions.
Source: YAHOO
Reported 5 days ago
The Dow Jones Industrial Average reached a new record, gaining 200 points as Wall Street celebrated strong earnings reports from General Motors and Coca-Cola. While the S&P 500 remained steady, the Nasdaq slightly declined. Investors eagerly await Netflix's upcoming earnings, while ongoing US-China trade talks and a prolonged government shutdown add to market tensions.
Source: YAHOO
Reported 5 days ago
On October 21, 2025, the Dow Jones Industrial Average reached a record high, rising 218 points (0.5%). The S&P 500 remained nearly flat, finishing slightly below its peak, while the Nasdaq composite dropped 0.2% due to challenges faced by some major tech stocks. Strong earnings from companies like 3M and Coca-Cola contributed to market activity, with year-to-date gains recorded across major indices.
Source: YAHOO
Reported 5 days ago
Bank of America CEO Brian Moynihan announced that the bank is providing relief to federal employees affected by the ongoing government shutdown, which has lasted for 21 days. The bank is implementing customer assistance programs similar to those used during natural disasters, offering fee waivers, payment deferrals, and forbearance to help workers manage their finances without regular paychecks. While the shutdown stems from a stalemate over a spending bill, BofA has a strategy in place to support its customers in these challenging times.
Source: YAHOO
Reported 5 days ago
Shares of General Motors surged 15% after a strong earnings report on October 21, 2025, positioning them as the top performer in the S&P 500, while Newmont's stock fell over 9% due to declining gold prices, which slipped more than 5% from record highs. Major equities closed with mixed results as investors reacted to various corporate earnings reports.
Source: YAHOO
Reported 5 days ago
Recent data from Vanguard reveals that U.S. job creation has slowed significantly, reaching the lowest sustained pace since 2009, coinciding with the last economic recession. In the first nine months of 2025, the job growth rate averaged just 0.1%, a stark contrast to the peak of 0.36% in 2022. Despite this slowdown, there have been no significant layoffs, leading to a fragile yet stable job market. Employers are hesitant to increase or decrease their workforce amid uncertain economic policies, indicating a 'low hire, low fire' environment. While job seekers may face challenges, those currently employed experience stable income growth.
Source: YAHOO
Reported 5 days ago
Netflix's stock fell approximately 6% in after-hours trading after the company reported earnings below analyst expectations, with revenue of $11.51 billion and earnings per share at $5.87. Although the company is forecasting Q4 revenue above Wall Street expectations, its operating profit margin was impacted by unexpected expenses tied to tax disputes. Despite these challenges, Netflix reported strong viewer engagement and confidence in future growth from its ad-supported tier, which is projected to significantly boost ad revenue.
Source: YAHOO
Reported 5 days ago
Gold and silver prices experienced their largest daily drop in years, with gold falling by 6.3% to just under $4,100 per troy ounce and silver dropping over 8%. This decline follows a significant rally in precious metals driven by factors including easing trade tensions and a stronger US dollar. Analysts express uncertainty about whether this drop signifies a necessary market correction or just a brief setback, as Wall Street remains optimistic for the long-term outlook of gold.
Source: YAHOO
Reported 5 days ago
Six Flags Entertainment's stock surged by 17.97% after NFL star Travis Kelce, alongside hedge fund Jana Partners, acquired a 9% stake worth approximately $200 million and launched an activist campaign to enhance shareholder value and improve the guest experience. Kelce, a lifelong fan of Six Flags, hopes to contribute to making the parks special for future generations. This comes as Six Flags struggles with a 45% decline in stock value throughout 2025 due to various operational challenges.
Source: YAHOO
Reported 5 days ago
The ongoing U.S. government shutdown, now the second-longest in history, poses significant economic risks as experts warn of potential long-term consequences. Economists highlight concerns over unpaid federal workers, disrupted contracts, and declining consumer spending, estimating a GDP loss of 0.1 to 0.2 percentage points weekly. The shutdown's continuation threatens small businesses and federal contractors, leading to possible layoffs and cash flow issues. While past shutdowns had temporary effects, the increasing duration raises fears of more lasting damage to economic growth.
Source: YAHOO
Reported 5 days ago
CoreWeave Inc. has decided not to increase its $9 billion bid for Core Scientific Inc., despite pushback from proxy advisers advising investors to reject the offer due to valuation concerns. CEO Michael Intrator expressed confidence in the pricing of the deal, which is seen as strategically sensible but may expose Core Scientific shareholders to market volatility. As CoreWeave expands its role in AI infrastructure, the deal’s future will be put to a vote, with some investors arguing for a higher valuation.
Source: YAHOO
Reported 5 days ago
OpenAI has unveiled its AI-powered Atlas browser, which features the ChatGPT chatbot integrated, aiming to challenge Google's dominance in the browser market. Initially available for macOS users, OpenAI plans to expand it to Windows, Android, and iOS soon. This launch highlights the increasing competition between AI startups and established tech giants like Google, which is already feeling the pressure from OpenAI's innovations.
Source: YAHOO
Reported 5 days ago
In 2025, global business optimism has significantly declined for the third consecutive quarter due to trade uncertainties, particularly concerning U.S. and Chinese markets. A recent survey revealed that over half of the businesses are considering alternatives, driven by fears of supply chain disruptions and the negative impact of tariffs on sectors like metal manufacturing and automotive. This declining sentiment poses risks to foreign investment in the U.S. and may exacerbate economic challenges.
Source: YAHOO
Reported 5 days ago
The ongoing government shutdown has placed air traffic controllers in a precarious position as they grapple with significant staffing shortages that have caused widespread flight delays. While typically able to weather such disruptions due to higher salaries, controllers are currently dealing with mandatory overtime and pay stoppages, leading to increased absenteeism. With training facilities at risk of running out of funds and no immediate financial relief in sight, the shutdown is likely to have lasting detrimental effects on the air traffic control system and the overall safety of air travel.
Source: YAHOO
Reported 5 days ago
General Motors' CFO, Paul A. Jacobson, discusses the company's recent $1.6 billion setback in EV production as it adjusts to the current market and regulatory environment. He emphasizes the importance of aligning EV capacity with actual consumer demand, noting that while the transition to electric vehicles will be slower than anticipated, GM remains confident in the long-term viability and success of EVs in the market.
Source: YAHOO
Reported 5 days ago
Source: YAHOO
Reported 5 days ago
President Trump and Indian Prime Minister Narendra Modi are reportedly close to a trade deal that could reduce tariffs on Indian goods from 50% to 15-16%. Meanwhile, Trump is optimistic about an upcoming meeting with China's President Xi Jinping, despite expressing some hesitation regarding the meeting's certainty. Trump has emphasized key issues such as rare earth minerals and drug pricing in trade discussions, while also recently signing a deal with Australia to secure critical mineral supplies, which may serve as leverage in talks with China.
Source: YAHOO
Reported 5 days ago
President Donald Trump called on Senate Republicans to hold their ground as a government shutdown entered its 21st day, insisting that Democrats will face blame for not swiftly approving funding. He criticized Democratic leaders for their insistence on extending Obamacare subsidies before agreeing to reopen the government, asserting that the political consequences of the shutdown would fall on them, as federal employees face missed paychecks. Meanwhile, Senate Republicans are preparing to push for votes on measures addressing federal employee payments and continued funding.
Source: YAHOO
Reported 5 days ago
Amidst rising market indices, investors are moving towards underperforming sectors as a defensive strategy. Notably, industries such as utilities, healthcare, and consumer staples are gaining attention, shifting away from laggards like regional banks and airlines. Experts suggest that while these sectors experience growth due to increased demand, the market may revert to growth stocks once the current uncertainty stabilizes.
Source: YAHOO
Reported 5 days ago
Investors are raising concerns about CoreWeave's planned $9 billion acquisition of Core Scientific, with a key proxy advisor recommending shareholders reject the deal. Core Scientific's stock has gained value as the market perceives its worth exceeds the acquisition offer. A shareholder vote takes place on October 30, and the outcome could reflect investor confidence in AI-related investments.
Source: YAHOO
Reported 5 days ago
OpenAI has introduced its new ChatGPT Atlas web browser, designed to integrate the AI chatbot into users' browsing experiences. With features such as a ChatGPT sidebar, the ability to manage tabs via voice commands, and support for tasks like meal planning, the browser aims to compete with Google Chrome, which dominates the market. Currently available on macOS, with plans for Windows, iOS, and Android, ChatGPT Atlas will offer additional functionalities such as browsing memory and access to various OpenAI models, further enhancing user interaction.
Source: YAHOO
Reported 5 days ago
Activist investor Engaged Capital, which has acquired a significant stake in Cognex, is advocating for the machine vision systems maker to implement cost-cutting measures and engage cost consultants. Engaged's founder Glenn Welling believes these strategies could nearly double Cognex's stock price over the next two years, highlighting the potential for improved profit margins from the current 17% closer to 40%. With new management in place, Welling is optimistic about driving revenue and stock performance.
Source: YAHOO
Reported 5 days ago
Source: YAHOO
Reported 5 days ago
Source: YAHOO