Dow Gains 423 Points as Tech Rebound Delivers a Winning Week
The Dow rose 423 points as technology shares rebounded, helping Wall Street finish the week higher despite expensive oil and weaker consumer sentiment.
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Slush Unveils 20 Under 20, Spotlighting Teenage Founders and Career Paths
Slush’s debut 20 Under 20 cohort highlights young builders, while raising questions about education, startup funding and the timing of a career.
Netflix Stock in Focus as Puck Reports Planned 5% Job Cut
Netflix shares edged lower as Puck reported a planned 5% workforce cut, putting costs, margins and the October 20 earnings outlook in focus.
Nasdaq CEO Says Tokenization Could Free Tens of Billions in Capital
Adena Friedman sees a major opportunity in moving collateral more efficiently, but continuous markets will require new risk and settlement systems.
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Apple Stock Slips as Nikkei Reports iPhone 18 Pro Order Cuts
Apple stock slipped about 0.8% in overnight trading as Nikkei reported cuts to iPhone 18 Pro and Pro Max component orders amid softer demand.
AT&T Drops 7.5% as Verizon and T-Mobile Slide on Starlink Mobile Plans
AT&T fell about 7.5%, while Verizon and T-Mobile lost around 6.6% after hours as SpaceX’s new spectrum deal raised U.S. mobile competition concerns.
Justin Sun Predicts Traditional Banks Will Fade as Finance Moves Onchain
TRON founder Justin Sun predicts younger users will move away from banks, while lenders build blockchain payment systems of their own.
EA Bondholders Allege Default After $55 Billion Buyout
Creditors holding $1.4 billion of EA bonds are seeking repayment at 101% of face value, challenging a Treasury-backed alternative after the publisher’s buyout.
Jeff Bezos Says AI Could Enable Three-Day Workweeks
Jeff Bezos says AI could let some people work three days a week or support a family on one income, putting productivity and household budgets in...
Blue Origin IPO Likely Several Years Away, Jeff Bezos Says
Jeff Bezos says Blue Origin will likely go public in the coming years after raising $10 billion from outside investors for the first time.
TSMC Revenue Hits Record $46.7 Billion as AI Chip Demand Surges
TSMC’s third-quarter revenue rose roughly 50% in Taiwan-dollar terms to a record, beating forecasts as AI chip demand remained strong.
SpaceX Used Space Photos in AI Chip Financing Pitch, FT Reports
SpaceX’s earlier chip financing memo featured space photos, FT says, as the company pursues a separate $40 billion Nvidia deal.
Lambda Targets $14.5 Billion Valuation in $4 Billion Pre-IPO Funding Round
Lambda is raising up to $4 billion at a $14.5 billion pre-money valuation, with Blackstone and Coatue leading the round ahead of a planned 2027 IPO.