Chipotle Rises 6%, Starbucks Falls 4% on Takeover Report
Chipotle shares jumped while Starbucks slid as investors weighed a reported takeover, financing risks and Brian Niccol’s ties to both chains.
Business - Page 12
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Latest Business News
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.
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.
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.
Marvell Stock Rallies as AI Demand Lifts 2028 Revenue Target to $20 Billion
Marvell’s MRVL shares rallied as the chipmaker targeted $20 billion in fiscal 2028 revenue and $70–90 billion by fiscal 2031 on growing AI demand.
SPCX Stock Climbs Above $175 as SpaceX Value Tops $2.3 Trillion
SpaceX’s SPCX shares traded above $175 on October 6, lifting its estimated value beyond $2.3 trillion as investors assess Starlink growth and AI spending.
Paramount Closes Warner Bros. Deal as Skydance Debuts With SKYD Ticker
Paramount has completed its Warner Bros. Discovery takeover, forming Skydance Corp. as SKYD shares begin NYSE trading and merger execution moves into focus.
Uber’s $2.3 Billion ezCater Deal Puts Delivery Margins in Focus
Uber (NYSE: UBER) has agreed to buy ezCater for $2.3 billion, expanding workplace catering as investors assess delivery margins and cash use.
Meta’s Muse Fuels AMD’s Rally as Personal AI Agents Drive CPU Demand
Meta’s Muse is sharpening investor interest in AMD as personal AI agents create demand for server CPUs alongside the GPUs powering their models.
OKX Names Standard Chartered and Circle as Investors After $25 Billion Valuation
OKX founder Star Xu named Standard Chartered and Circle as equity investors, building on a $25 billion valuation disclosed with ICE’s March investment.