Binance Says Funds Are Safe as Issuers Freeze Over $2.3 Billion
Tether and Circle report more than $2.3 billion frozen amid a potential Binance security incident, while the exchange says funds are safe and flags withdrawal issues.
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Microsoft Records $10 Billion in Quarterly Revenue From OpenAI
Microsoft recorded $10 billion in quarterly revenue from OpenAI, nearly 11% of total sales, while leaving cloud fees and revenue-sharing payments undisclosed separately.
Elon Musk Jokes About Apple’s $29,799 Mac Studio: “Makes a Tesla Seem Quite Affordable”
Elon Musk jokes that Apple’s $29,799 M5 Ultra Mac Studio makes a Tesla seem affordable, as 512GB of memory and a 16TB SSD push up the...
Kalshi Hits $40 Billion Valuation With $1 Billion Funding Round
Kalshi raises $1 billion in a round co-led by Sequoia and Wellington, lifting its valuation to $40 billion as it builds a broader financial exchange.
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Mastercard Beats Q3 Estimates as Revenue Rises 14% to $9.8 Billion
Mastercard reports $5.31 adjusted EPS and $9.81 billion in Q3 revenue as services grow 19%, cross-border volumes rise 11% and MA shares gain in premarket trading.
Merck Beats Q3 Estimates and Raises Outlook as Keytruda Sales Grow
Merck reports $2.49 adjusted EPS and $18.09 billion in Q3 sales, raises its 2026 outlook and expands Keytruda Qlex revenue as MRK gains in premarket trading.
Caterpillar Q3 Revenue Hits $20.68 Billion as Profit and Backlog Grow
Caterpillar reports $20.68 billion in Q3 revenue and $7.20 adjusted EPS, with stronger margins and a record $78.1 billion backlog supporting the CAT stock outlook.
Tencent and Visa Deepen Payments Partnership With AI Commerce Plans
Tencent and Visa plan cross-border travel payments, Weixin Pay remittances and AI-assisted commerce as separate China approvals advance Visa and Citi’s plans.
Jio Extends IPO Rally After Reaching $137 Billion Valuation
Jio opens another 3.3% higher after reaching a reported $137.1 billion valuation, as investors weigh Reliance’s controlling stake and debt-repayment plans.
Shell Shares Hit Record After Earnings Beat and $5 Billion Buyback
Shell shares rose about 3% to a record as adjusted Q3 profit nearly doubled to $10.81 billion, supporting a larger $5 billion buyback and lower debt.
Samsung Shares Fall 4.1% Despite 783% Surge in Operating Profit
Samsung shares closed 4.13% lower after record Q3 profit broadly matched forecasts, as chip dependence and consumer-business losses weighed on the outlook.
Google Unveils Gemini 4 Carbon as Alphabet’s AI Spending Rises
Google unveils Gemini 4 Carbon with a benchmark lead and restricted access, putting Alphabet’s AI returns and competition ahead of Anthropic’s planned IPO in focus.
Ford Beats Q3 Profit Estimates and Raises 2026 Earnings Floor
Ford beats Q3 earnings estimates and raises its 2026 profit floor to $10.5 billion, while weaker vehicle revenue and a broadly flat 2027 outlook keep F...