Tag
Money
American Express reported record third-quarter revenue of $20.1 billion and raised its profit outlook, then told analysts it will cut about 5 per cent of its workforce in a $336-million restructuring its CFO says is meant "to prepare for AI."
Business
The Nasdaq had its worst day since June as investors questioned trillion-dollar AI bets. Meta fell 8% after a $10-billion legal charge hit its earnings.
Business
Third-quarter revenue jumped 26 per cent to US$64.6 billion on a 14 per cent rise in ad prices, but a US$9.89-billion legal charge dragged reported earnings down. The bigger story: a new class of nonvoting shares that lets Meta fund its AI buildout without touching Mark Zuckerberg's control.
Business
Revenue held flat at $28.05 billion as margins got squeezed by AI and robot spending. The bright spots: FSD now rides along in more than 75% of North American deliveries, and Canada just set a record.
Technology
The social-media giant beat Wall Street on sales at $64.6 billion, but a $9.89-billion legal charge dragged earnings down — and a $25-billion New Mexico judgment landed the same day.
Business
SpaceX revenue jumped 161% to $14.6 billion in Q3, and on the earnings call Elon Musk confirmed both companies have set up special committees to study a merger — worth roughly $3.5 trillion combined.
Business
Third-quarter revenue rose 12 per cent to $12.9 billion and profit beat guidance on every metric Netflix gives. Then management's muted fourth-quarter outlook arrived — and the shares dropped more than 5 per cent after hours.