Business News
- Electronic Arts shuts down BioWare, creator of Mass Effect and Dragon Age, cancels the next Mass Effect and cuts about 3% of its workforce
- Tesla reports flat Q3 2026 revenue of $28.0 billion as profits drop 43% and energy storage shrinks
- Airbnb bans hosts from requiring guests to do chores like dishes and taking out trash
- Westpac cuts another 140 roles as Australian bank job cuts intensify
- Bose acquires Skullcandy to reach a wider audience, keeping the brand in Park City, Utah
- IBM beats expectations with 5% sales growth after recovering most delayed infrastructure deals
- Comcast plans significant job cuts as part of a restructuring of its cable, broadband and wireless businesses
- SAP reports record quarterly revenue above €10 billion and higher-than-expected cloud growth, suggesting AI has not undermined software demand
- Blackstone's AI head Jas Khaira says fears over debt tied to the AI buildout are overblown
- Intel reports progress on Arizona and Ohio fabs, with the Ohio site at least five years behind schedule
- Kinder Morgan commits to a $4.2 billion gas pipeline across West Texas and the Panhandle to power a data center complex
- Enterprises keep buying software upgrades that IT leaders expect will make things worse, a survey of 2,018 IT heads finds
- Automattic begins layoffs across WordPress.com and enterprise teams after board upheaval
- Texas Instruments forecasts revenue above estimates as automotive and industrial demand picks up
- GM bets on compute and AI with a fourth-generation EV platform debuting in the 2028 Cadillac Escalade IQ
- Early SpaceX investor Chad Anderson argues SpaceX is a modern vertically integrated giant and backs a Tesla tie-up
- Phillips Securities analyst says Netflix can find growth through ad-backed offerings as subscriber growth slows
- eBay to cut about 9% of its workforce, around 1,000 jobs, its second round of cuts this year
- Apollo Fund pitches New York Yankees financing as AI-resilient leisure, distancing it from software loans
- SpaceX shares rise 9% premarket after a third-quarter earnings beat, as Musk floats a Tesla merger
- Stord acquires competitor AMS Fulfillment in its largest deal, adding 10 warehouses
- Julia Coronado says inflation pressures suggest a speed limit on the AI buildout
- AT&T shares fall on an earnings miss while Netflix reports slowing growth and Super Micro jumps
- Stripe nears a deal to lease a London office owned by Blackstone to support its expansion
- Anson Funds prepares an activist fund targeting small and mid-cap tech, media and telecom firms
- Vestel Elektronik rethinks its business as pressures persist after one of Turkey's largest Eurobond restructurings
- Hims plans to offer testosterone replacement therapy, its first move into prescribing controlled substances
- Tesla and SpaceX form special committees to review a possible $3.5 trillion merger, which Musk says is not yet certain
- AT&T beats third-quarter profit expectations and raises its annual guidance on growth in phone and internet services
- Q&A with Bank of America's Bernard Mensah on the AI bubble debate, rising bond yields and global markets