Reported 2 days ago
VeriSign reported a 7.3% increase in third-quarter revenue, totaling $419.1 million, driven by strong demand for domain registrations as businesses seek to enhance their online presence. The company's net profit also rose to $213 million, highlighting the ongoing trend of businesses opting for memorable domain names amid increased internet usage.
Source: YAHOO
Reported 2 days ago
The Trump administration has reopened Alaska's Arctic National Wildlife Refuge's coastal plain for oil and gas leasing, reversing a ban previously set by the Biden administration. Interior Secretary Doug Burgum announced that a lease sale would occur this winter, emphasizing domestic fossil fuel production. Environmentalists and native Alaskans raised concerns about the potential harm to wildlife such as arctic foxes and polar bears, arguing that the risks outweigh the benefits of drilling in the area.
Source: YAHOO
Reported 2 days ago
Target plans to eliminate approximately 1,800 corporate roles as part of its strategy to address ongoing stagnant sales, according to a report by the Wall Street Journal. This restructuring follows 11 quarters of weak sales performance and will predominantly impact U.S.-based employees, with about 80% of the cuts affecting them. The company had around 440,000 employees as of early February and cited weak demand in discretionary categories as a factor in maintaining its annual forecasts.
Source: YAHOO
Reported 2 days ago
Canadian Prime Minister Mark Carney aims to meet Chinese President Xi Jinping as part of his efforts to ease trade tensions caused by tariffs between Canada and China. Carney hopes to discuss a 'strategic relationship' during the Asia-Pacific Economic Cooperation summit in South Korea, with priorities including expanding energy and agricultural trade with China. With a backdrop of complex negotiations with the US, Carney's government is examining its tariffs on Chinese imports while seeking to enhance bilateral engagement.
Source: YAHOO
Reported 2 days ago
AI data center startup Crusoe has announced it is raising $1.38 billion at a valuation of around $10 billion in its Series E funding round, co-led by Valor Equity Partners and Mubadala Capital, with participation from major investors like Nvidia and Fidelity Management. Since its founding in 2018, Crusoe has raised approximately $3.9 billion and recently launched the first phase of its 1.2 gigawatt data center in Abilene, Texas.
Source: YAHOO
Reported 2 days ago
Equinix, a leading U.S. data center operator, is expanding in Brazil, which it views as a priority market, according to Eduardo Zago, managing director for Latin America. With eight existing data centers and another under construction, the company is capitalizing on the high demand for data center infrastructure driven by the surge in artificial intelligence usage. Brazil's government is promoting investment in this sector by proposing tax exemptions on related equipment. Equinix plans to continue its expansion based on market demand and has also acquired additional land for future growth.
Source: YAHOO
Reported 2 days ago
Intel reported strong third-quarter earnings and is strategizing to leverage Nvidia's dominance, particularly in AI and data centers. CEO Lip-Bu Tan's plan focuses on enhancing Intel's CPU offerings while aiming to attract external customers for their foundry services. Analysts highlight the importance of partnerships and successful product roadmaps to solidify Intel's position in the competitive landscape.
Source: YAHOO
Reported 2 days ago
Ford exceeded Q3 earnings expectations but anticipates a $1.5 billion hit to its EBIT due to a fire at the Novelis aluminum plant, impacting F-150 production. The automaker also lowered its full-year guidance but plans to increase truck production in 2026. Despite challenges, Ford enjoyed strong sales, particularly in trucks and electric vehicles, achieving its best EV sales for the quarter.
Source: YAHOO
Reported 2 days ago
Applied Materials announced it will lay off about 4% of its workforce, totaling approximately 1,400 jobs, as part of efforts to streamline operations in response to tighter U.S. export controls on semiconductor technologies. The company expects to incur a charge of $160 million to $180 million for the layoffs, which will mostly affect the fourth quarter of fiscal 2025. This decision comes after the U.S. government intensified restrictions on exporting chipmaking equipment, significantly impacting the company’s operations and future revenue projections.
Source: YAHOO
Reported 2 days ago
Anthropic is expanding its collaboration with Google to utilize up to one million of the tech giant’s AI chips, valued in the tens of billions, for training its Claude chatbot. The agreement, announced on October 23, 2025, grants Anthropic access to over one gigawatt of computing power set to launch in 2026, making use of Google's tensor processing units (TPUs). This move highlights the surging demand for chips in the AI sector as companies strive to create advanced technologies that can rival human intelligence.
Source: YAHOO
Reported 2 days ago
Target has revealed plans to lay off approximately 1,000 corporate employees and close 800 open positions, which represents about 8% of its global corporate workforce. This decision by incoming CEO Michael Fiddelke comes in response to shifting consumer purchasing habits and declining sales over the past three quarters. The layoffs are intended to streamline operations, although they coincide with a crucial holiday shopping period, and follow a controversial retreat from diversity and inclusion programs.
Source: YAHOO
Reported 2 days ago
Intel's stock soared by 7% after the company reported third-quarter earnings exceeding Wall Street expectations, with revenue of $13.7 billion and adjusted earnings per share of $0.23. The surge in demand for AI capabilities contributed significantly to the performance despite a projected lower revenue for the fourth quarter. However, challenges remain, particularly in its manufacturing segment, which reported a significant operational loss, indicating a cautious outlook for future growth.
Source: YAHOO
Reported 2 days ago
At Tesla's annual meeting on November 6, shareholders will vote on Elon Musk's controversial pay package, which could be valued at up to $1 trillion, contingent on meeting ambitious operational goals. Investor Ross Gerber criticized it as the 'most absurd' in business history, citing concerns over labor negotiations and shareholder governance, while Musk defended the proposal during a recent earnings call.
Source: YAHOO
Reported 2 days ago
RJ Scaringe, founder and CEO of Rivian, is stepping into the role of interim chief marketing officer as part of a major restructuring that includes layoffs of over 600 employees ahead of the R2 SUV launch. In an email to staff, Scaringe outlined the need for these changes to profitably scale the business, citing various external challenges. The restructuring also includes a reorganization of teams to enhance the customer purchase experience.
Source: YAHOO
Reported 2 days ago
Intel has exceeded profit expectations for the third quarter, largely due to CEO Lip-Bu Tan's cost-cutting strategies and significant investments from Nvidia and SoftBank. The company's stock rose 7% post-announcement, marking a recovery after a challenging year. Despite past struggles, including a substantial decrease in stock prices and competition from AMD and Nvidia, Intel has seen a nearly 90% stock increase in 2025. Positive guidance and strong demand for its chips in data centers reflect a turnaround, although manufacturing yield concerns persist.
Source: YAHOO
Reported 2 days ago
On October 23, 2025, U.S. stock markets saw notable gains, with the S&P 500 rising 0.6%, nearing its all-time high. The Dow Jones Industrial Average increased by 0.3%, while the Nasdaq composite jumped 0.9%. The market was buoyed by a surge in oil prices and strong earnings from major companies, including announcements of new sanctions on Russia's crude industry by President Trump.
Source: YAHOO
Reported 2 days ago
Intel's stock rose over 4% after reporting third-quarter earnings that surpassed analyst expectations, with an adjusted EPS of $0.23 and revenue of $13.65 billion, exceeding the anticipated $13.15 billion. However, the company's fourth-quarter guidance projects an adjusted EPS of $0.08 and revenue of $13.3 billion, slightly below expectations. Despite challenges in its manufacturing segment, CEO Lip Butan highlighted growth opportunities driven by AI demand.
Source: YAHOO
Reported 2 days ago
President Donald Trump has pardoned Changpeng Zhao, founder of Binance, allowing his potential return to leadership after serving prison time for violations of the Bank Secrecy Act. Following this news, Bitcoin and Binance's utility token BNB experienced temporary price increases, alongside gains for other crypto assets linked to the Trump family. Trump's administration continues to show support for influential figures in the crypto sector, all while Zhao's future at Binance remains uncertain.
Source: YAHOO
Reported 2 days ago
Super Micro Computer's stock fell nearly 9% after the company lowered its first-quarter revenue forecast to $5 billion, down from previous expectations of $6 billion to $7 billion, due to project delays. Despite maintaining its full-year revenue outlook, the news led to significant declines amidst rising market trends, highlighting the volatility surrounding investor expectations in the AI sector.
Source: YAHOO
Reported 2 days ago
Source: YAHOO
Reported 2 days ago
The upcoming Consumer Price Index (CPI) for September is anticipated to maintain inflation around 3%, revealing ongoing challenges for the Federal Reserve in reaching its 2% target due to tariffs and persistent service costs. Despite expectations of a 0.4% monthly rise in headline CPI, concerns about the impact of tariffs on goods prices and a modest adjustment in service sector inflation reflect a complex economic landscape as the Fed prepares for potential rate cuts amid the longest government shutdown in U.S. history.
Source: YAHOO
Reported 2 days ago
In a recent episode of The Big Idea with Elizabeth Gore, Trunk Tools CEO Sarah Buchner discusses how businesses can leverage AI to enhance their operations. She emphasizes that AI will significantly change knowledge work and highlights the importance of being an early adopter to maintain a competitive advantage. Buchner advises entrepreneurs to start by identifying one specific and repetitive workflow to integrate AI, ensuring they choose established AI providers with industry expertise.
Source: YAHOO
Reported 2 days ago
As credit card debt increases, especially among baby boomers and Generation X, many are considering whether to use their retirement savings to pay it off. While financial advisors typically caution against withdrawing from retirement accounts, it may be a reasonable option for those facing high-interest debts, particularly in retirement. However, experts warn of the risks involved, including tax penalties and the potential for incurring debt again. Evaluating one's financial habits and the implications of withdrawal versus loans from retirement accounts can help in making a responsible decision.
Source: YAHOO
Reported 2 days ago
Elon Musk has faced a rollercoaster year marked by declining earnings and controversies, yet he continues to get richer. Tesla reported a 37% plunge in third-quarter earnings as vehicle sales faltered due to boycotts tied to Musk's political stance. However, shareholders may approve a massive trillion-dollar compensation package for Musk, betting on future breakthroughs like driverless robotaxis and energy innovations. Despite regulatory investigations and past disappointments, many investors remain confident in Musk's vision and potential to turn Tesla's fortunes around.
Source: YAHOO
Reported 2 days ago
Michigan has officially terminated its agreement with Chinese company Gotion Inc. for an electric vehicle battery plant due to abandonment of the project, seeking to recover $23.6 million in incentives. Despite initial support from Governor Gretchen Whitmer and lawmakers, strong local opposition and regulatory hurdles led to the project's downfall. Michigan's Economic Development Corporation noted that Gotion had not made any eligible progress on the site for over 120 days, prompting the state's demand for repayment.
Source: YAHOO