Apple Hits $5 Trillion Valuation as Stock Outpaces Bitcoin in 2026
Apple crossed a record $5 trillion market valuation in mid-October 2026 following sustained share price gains, contrasting with Bitcoin's 6.8% decline year-to-date.
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Ericsson Beats Third-Quarter Earnings Estimates and Consolidates Asian Operations
Ericsson reported third-quarter adjusted EBITA of SEK 10.1 billion, exceeding analyst estimates, while outlining a corporate restructuring that merges its Asian units and dismantles Enterprise Wireless Solutions.
TSMC Beats Q3 Estimates with $23.6B Profit as AI Demand Offsets Market Selloff
Taiwan Semiconductor Manufacturing Co. posted third-quarter revenue of $46.36 billion and net income of $23.57 billion, surpassing analyst expectations despite a 2% stock dip linked to an AI market selloff.
FCC Alters Local TV Ownership Rules, Citing Deregulation Needs
The Federal Communications Commission has revised its regulations concerning local television station ownership, moving to a case-by-case approval process.
Blue Origin Identifies Cause of New Glenn Explosion
Blue Origin has determined the root cause of its New Glenn rocket explosion at Cape Canaveral in May, attributing the incident to a faulty oxygen valve in one of its BE-4 engines.
Bumble Explores Swipe-Free Future, Emphasizing Real-World Connections
Bumble is shifting its focus towards in-person interactions and away from traditional swiping, introducing new initiatives and an app designed for group meetups.
Google Navigates AI Talent Exodus Amidst Cloud Growth and Strategic Pivots
Google faces a complex landscape, balancing the significant expansion of its cloud division with the departure of key AI talent to other leading research labs and startups.
Tesla and SpaceX Announce $16.8 Billion Terafab Chip Factory in Texas
Tesla and SpaceX are set to invest significantly in a new chip manufacturing facility in Texas, aiming to address future computing demands.
SpaceX Share Unlock May Introduce Further Stock Volatility
Early investors in SpaceX will soon have their first opportunity to sell a portion of their holdings as initial lockup restrictions expire, potentially affecting the company's stock value.
AppLovin Shares Decline Following Second-Quarter Revenue Shortfall
AppLovin experienced a notable drop in its stock value after reporting revenue figures that did not meet analyst expectations for the second quarter.
Adobe Launches ChatGPT Plugin, Integrating Over 70 Creative Tools
Adobe has expanded its collaboration with OpenAI through a new plugin that allows ChatGPT users to access a wide array of Adobe's creative and productivity tools directly within the AI interface.
Google's AI Division Undergoes Leadership Change Amidst Talent Departures
Leadership shifts within Google's artificial intelligence division follow a series of high-profile departures, prompting scrutiny of the company's commitment to frontier AI.
Fossil Fuel Giants Pivot to Data Center Power Amid AI Boom
Chevron and Williams are making significant investments in power generation for data centers, signaling a new revenue stream for the fossil fuel industry.
SoftBank Reports Q1 Profit Exceeding Expectations, Driven by Intel Gain
A $8.2 billion gain on SoftBank's Intel stake pushed fiscal first-quarter net profit to 347.3 billion yen, far beyond analyst estimates, while OpenAI contributed no investment gain or loss.
Ford and GM Are Giving Electric Vehicles Less Time on Earnings Calls
A seven-year review shows both automakers discussing EVs at rates below the pre-pandemic period as investment priorities shift.
Samsung Warns the Memory Shortage Could Tighten Through 2027
AI data-center customers are securing long-term supply, leaving consumer-device makers with higher component costs into 2028.
Apple Doubles Inventory as Memory Constraints Threaten Future Growth
The company is stockpiling components and products after Tim Cook described memory pricing as a once-in-a-century disruption.
Reddit Beats Expectations as Search Traffic Becomes Less Predictable
Revenue and profit surged, but investors focused on volatile referrals and the possibility that AI search will reduce logged-out visits.
App Store Changes and Gaming Weakness Slow Apple's Services Business
Apple still set a quarterly services record, but regulatory pressure and softer gaming activity limited growth in key areas.
Tesla Produces Its 10 Millionth Electric Vehicle
The manufacturing milestone puts the company halfway toward one target in Elon Musk's compensation plan, even as annual sales remain below earlier ambitions.
Microsoft Records a $3.2 Billion Anthropic Gain and a Quarterly OpenAI Write-Down
The contrasting accounting results show the complexity of Microsoft's financial exposure to two competing AI laboratories.
DoorDash Unveils Its Own Drone Delivery Program
DoorDash Air will join human couriers and sidewalk robots inside a software system that selects the best delivery method for each order.
PayPal Leaves Room for a Higher Bid After Stronger Results
CEO Enrique Lores said the payments company would consider an alternative that creates more shareholder value than its current turnaround plan.
Meta Rolls Out Muse Image, Then Removes a Controversial Instagram Feature
The image model adds conversational creation and editing across Meta AI, Instagram and WhatsApp, but its first week also exposed limits around consent.
SpaceX Completes Record $75 Billion Public Offering
The rocket and satellite company entered Nasdaq trading at a valuation above $1.7 trillion.
