Alphabet (Google’s parent company) shares fell about 13% on Thursday after the company reported its third-quarter results. The stock was on track for its worst single-day fall since the company went public in 2004. Alphabet shares plunge 13% after earnings as AI spending and weaker-than-expected Google Search revenue worry investors. (AP) The sharp fall put … Read more
Nvidia will invest $3 billion in Meta. The chipmaker announced the investment on Tuesday, October 27, as Meta increases its spending on artificial intelligence (AI) infrastructure. Nvidia and Meta expand their AI partnership as Nvidia plans a $3 billion investment in Meta. (REUTERS) Meta plans to raise $95 billion to fund AI investments. The social … Read more
EQT Corp said on Monday that it would acquire Range Resources in an all-stock deal valued at more than $50 billion, including debt. The companies said the deal would create the largest vertically integrated natural gas producer in the United States. EQT to acquire Range Resources in a $50 billion natural gas deal. (REUTERS) Under … Read more
US President Donald Trump announced on Saturday that German luxury carmaker Audi plans to build a $4 billion assembly plant in Georgia. The factory is expected to produce 200,000 sport utility vehicles (SUVs) every year. Trump announces Audi’s planned $4 billion SUV factory in Georgia, expected to create 4,500 jobs. Audi said the planned investment … Read more
Elon Musk has invested roughly $1 billion in Skydance, Semafor reported on Thursday. Musk’s alleged investment provided a major financial boost to the Hollywood studio as it seeks to cut costs, strengthen its balance sheet and accelerate its technology strategy following its merger with Paramount, according to the report by Semafor. Elon Musk has invested … Read more
Norway’s sovereign wealth fund, the largest in the world, reported a loss of nearly $30 billion in the third quarter of 2026. The loss came as rising interest rates reduced the value of its bond investments. Norway’s $2.3 trillion sovereign wealth fund reports a $29.7 billion loss in Q3 2026. (Pexel) The fund recorded a … Read more
Procter & Gamble (P&G), the company that makes Tide detergent and Pantene shampoo, warned on Thursday that rising raw material, energy and transportation costs could reduce its annual profit by more than expected. However, strong demand for its beauty and home-care products helped the company report better-than-expected sales for the first quarter. P&G raises its … Read more
Meta Platforms has been ordered to pay a $25 billion civil penalty in New Mexico after a jury found that the company violated the state’s consumer protection law more than 43 million times. Here is what we know. Meta has been ordered to pay a $25 billion civil penalty to New Mexico. (Representative Image/Reuters) What … Read more
Meta beat investor expectations for third-quarter revenue in 2026, but its profits took a hit from billions of dollars in legal costs. The Facebook and Instagram owner is facing major penalties in the US. Meta beat revenue estimates in the third quarter, but profit fell after a big legal settlement. Revenue beats expectations, profit takes … Read more
SpaceX shares jumped 10.4% in premarket trading on Wednesday after the company reported strong revenue growth for the third quarter of 2026. The stock also gained attention after billionaire Elon Musk said he was considering a possible merger between SpaceX and Tesla. SpaceX stock rises as revenue jumps 161% and Elon Musk considers a possible … Read more