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Tuesday
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Tuesday
21 news articles · 0 briefs
MANE closes 4.05% higher after Veradermics reports positive Phase 3 results for oral VDPHL01, while longer-term data and regulatory hurdles remain.
Anthropic’s reported first-half net loss includes $72 billion in financing-related accounting charges, as massive compute commitments put its IPO finances in focus.
Netflix beats Q3 earnings estimates but cuts its annual advertising forecast to $2.7 billion, sending NFLX nearly 5% lower in early after-hours trading.
SpaceX reports $14.58 billion in Q3 revenue and $4.4 billion in net income, beating sales estimates as AI becomes its largest business and Starlink expands.
CoreWeave falls as much as 6.4% early Tuesday after Goldman’s Buy upgrade, as investors continue weighing AI infrastructure returns and financing costs.
A Reuters poll finds 94 of 100 economists expect an October Fed hold, while all forecast a December increase as inflation pressures persist.
Salesforce agrees to buy Braze for $5.66 billion in enterprise value, offering $47.50 cash per Class A share as CRM falls 2.6% in premarket trading.
Revolut reports widespread disruption to its app, cards and transfers, while assuring customers their money and data are safe as Google Cloud recovers.
Amazon plans over €16 billion in German investment in 2027, including €4.8 billion for AWS Frankfurt, alongside satellite internet, logistics and Prime Video.
Bank of America added 1,000 contractors after AI models including Mythos exposed software flaws; its disclosed remediation costs also include AML work.
GM beats Q3 estimates and authorizes a $20 billion buyback, but shares fall in premarket trading as investors assess narrower earnings guidance and costs.
GE Aerospace reports $2.25 in adjusted EPS and $13.29 billion in adjusted revenue, beating estimates and lifting its 2026 profit forecast as services grow.
Cathie Wood’s ARK Invest projects Tesla shares at $4,400 in 2031, nearly 12 times Monday’s close, with robotaxis driving most of its modeled valuation.
Jio allocates about $854 million in anchor shares as CNBC reports $26.3 billion in bids, with BlackRock and GIC participating ahead of public subscription.
Elice falls more than 30% from its IPO price as the Korean AI infrastructure company enters a market increasingly focused on funding costs and returns.
Germany’s Friedrich Merz urges companies to use their industrial data for AI as Nvidia plans four startup investments and Siemens showcases factory applications.
A WGC-BCG study sees digital gold growing to $160–170 billion by 2031, with up to $700 billion in additional demand held back by adoption barriers.
European stocks open lower as French unrest intensifies concerns over deficits and borrowing costs, while OVHcloud rises after its annual results.
J.P. Morgan Asset Management forecasts 10% compounded annual Bitcoin returns over 10–15 years, ahead of U.S. stocks and gold, with 55% volatility.
Pump.fun adds tokens linked to eight private companies, including OpenAI, Anthropic and Polymarket, for direct trading and new coin pairs through PreStocks.
Amazon gains nearly 5% as Morgan Stanley raises its target to $350, citing stronger AWS growth and AI opportunities across cloud services and shopping.
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