Anthropic IPO in Focus as Revenue Jumps 45% to $16.8 Billion
Anthropic told investors Q3 revenue reached $16.8 billion, with adjusted profit and positive cash flow, as it prepares for a potential November IPO.
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Latest News
KOSPI Plunges 7.6% as Chip Selloff Triggers Trading Halt
South Korea’s KOSPI closed at a six-month low after a 20-minute trading halt, with Samsung down 9.5% and SK hynix losing 11.1% amid AI and rate...
US Stocks Post Worst Day Since July as Inflation Hits AI Trade
The Nasdaq fell 1.9% and the S&P 500 lost 1.1% as September inflation reached 3.7%, while CoreWeave and Oracle led a sharp AI-stock selloff.
Over a Third of High Earners Say They Live Paycheck to Paycheck
Goldman Sachs finds 36.6% of respondents with household incomes above $500,000 report living paycheck to paycheck, a measure that includes difficulty saving.
Musk Says SpaceX Could Top $100 Trillion in Under 10 Years
Elon Musk says SpaceX will probably exceed a $100 trillion valuation in less than a decade, barring a major world war, as SPCX trades near a...
Rocket Lab Stock Falls 8% After Hours as Neutron Launch Slips to 2027
Rocket Lab delays Neutron’s first launch to 2027 after a tank manufacturing issue, sending RKLB shares down about 8% in after-hours trading.
Larry Fink Warns Data Center Freeze Could Push US Into Recession
BlackRock’s Larry Fink warns a U.S. data center moratorium could trigger recession, as AI spending fuels growth and opposition to new projects rises.
CoreWeave Stock Falls 16% as Bond Yields Near 15%
CoreWeave shares tumble as bond yields approach 15%, putting CRWV’s interest costs, debt repayments and AI infrastructure spending under scrutiny.
S&P 500 Falls 1% as Hot CPI and AI Debt Fears Hit Stocks
U.S. stocks slide as hotter September inflation and AI borrowing concerns hit CoreWeave and Oracle, while rising oil prices lift energy producers.
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.