KFC Drops Pepsi for Coca-Cola Across Its U.S. Restaurants
KFC will switch its U.S. restaurants to Coca-Cola drinks beginning in January 2027, ending a decades-long Pepsi relationship as it expands its beverage business.
Business - Page 9
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Latest Business News
Amazon Expands AI Device Bet With Bee Frontier and Eclipse
Amazon’s new Bee devices combine AI conversation summaries with paid subscriptions, Alexa+ and shopping links, extending its consumer AI strategy.
Elon Musk Floats an Amazon Rival in AI Shopping Debate
Elon Musk suggests starting an Amazon competitor after a complaint about Grok shopping bots, without announcing a launch date or business plan.
Mastercard and BVNK Launch Global Money Platform
Mastercard and BVNK launch a platform connecting fiat accounts, stablecoins, cards and bank payouts, with Nuvei and Marqeta among the first integration partners.
Netflix to Cut 1,000 Jobs as NFLX Investors Await Earnings
Netflix confirms plans to cut roughly 1,000 jobs, or 6% of staff, while maintaining its full-year forecast ahead of October 20 earnings for NFLX.
Bumble Agrees to $1.3 Billion Ithaca Buyout at $6.05 a Share
Bumble agrees to a $1.3 billion cash buyout by Ithaca Holdings, offering BMBL shareholders $6.05 a share as revenue and paying-user numbers decline.
Bank of America Stock Falls 8.3% as $1.2 Billion Fine Hits Earnings
Bank of America shares fall as much as 8.3% as a $1.2 billion regulatory charge cuts profit and weaker trading revenue adds pressure to BAC stock.
BlackRock Beats Q3 Earnings Forecasts as Inflows Reach $205 Billion
BlackRock posts $15.93 in adjusted EPS on $7.75 billion revenue, beating forecasts as $205 billion in net inflows lift assets to $15.49 trillion.
Kraken Parent Payward Agrees to Buy Saldo Bank in European Banking Push
Kraken parent Payward agrees to buy Saldo Bank, targeting European deposits, lending and cards in a deal expected to close in 2027, subject to approvals.
ASML Shares Rise as AI Demand Outruns Planned Supply Through 2028
ASML reports €4.96 billion in quarterly profit and raises its annual sales outlook, but says planned capacity cannot meet AI-driven demand through 2028.
Bank of America Hit With $1.2 Billion Penalty Over Money-Laundering Failures
Bank of America faces about $1.21 billion in combined penalties and settlements after regulators found failures to report suspicious activity and enforce sanctions.
Alibaba Launches $450 Qwen AI Glasses in Consumer Hardware Push
Alibaba’s Qwen Glasses N1 go on sale in China from 2,999 yuan, with eye tracking on the Pro model and new Bose-developed Qwen Clip earbuds extending...