Market News
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SoftBank's Son Reportedly Seeks Up to $100bn From Gulf Investors for New AI Buyout Fund
Masayoshi Son has discussed raising up to $100bn from UAE and other Gulf investors for a fund that would buy and overhaul established companies, according to a Financial Times report relayed by Yahoo Finance and European Business Magazine. SoftBank has not commented.
Nikkei: Apple Tells Suppliers to Cut iPhone 18 Pro and Pro Max Component Orders After Memory-Driven Price Hikes Cool Demand
Nikkei Asia reports Apple has told some suppliers to cut production of iPhone 18 Pro and Pro Max components after memory chip-driven price increases cooled demand for the premium models.
SpaceX Agrees to Buy Grain Management's Nationwide 800 MHz Spectrum for Starlink Mobile, Pending FCC Approval
SpaceX has agreed to acquire Grain Management's nationwide 800 MHz spectrum portfolio — up to 14 MHz of paired spectrum — for Starlink Mobile, pending FCC approval. Carrier shares fell, per CNBC.
Starbucks Explored Chipotle Takeover, FT Reports; Chipotle Jumps 6%, Starbucks Slips
Starbucks reportedly explored acquiring Chipotle, per a Financial Times report relayed by CNBC, sending Chipotle shares up more than 6% and Starbucks lower; neither company has confirmed a deal.
Stock Market Today: Energy Leads While S&P 500 Slips
Energy led the session while the S&P 500 slips. See the validated market scorecard, sector performance, and what traders are watching next.
OpenAI's Revenue Disclosure Rattles AI Stocks: $50 Billion Figure Falls Short of $68 Billion Reports
OpenAI told investors its annualized revenue reached roughly $50 billion at the end of September, below the $68 billion widely reported, a gap tied to gross partner revenue, as Nvidia, Oracle, Microsoft and CoreWeave shares fell, per CNBC and Seeking Alpha.
Labor Department Suspends Microsoft, Adobe and IT Outsourcers From PERM Green-Card Program
The Labor Department said Thursday it will suspend Microsoft, Adobe, Cognizant, Infosys, Capgemini, Tata, Wipro and HCL from new PERM green-card filings, CNBC reported.
Applied Digital's Revenue Jumps 322% to $341.9 Million, but GAAP Loss Widens to $221 Million on Financing Charges
Applied Digital's fiscal Q1 2027 revenue rose 322% to $341.9 million, while a $221.0 million GAAP net loss from continuing operations reflected an 866% jump in interest expense and non-cash fair-value charges, even as adjusted EBITDA reached $64.4 million.
Wolfspeed Says Department of War Conditionally Commits Up to $1.5 Billion in 30-Year Financing, With Warrants for Up to 7.5% of Equity
Wolfspeed says the U.S. Department of War, through its Office of Strategic Capital, conditionally committed up to $1.5 billion in 30-year delayed-draw financing, with warrants for up to 7.5% of fully diluted equity, subject to diligence and definitive agreements.
Viatris to Acquire Pacira BioSciences for $36.50 a Share in $1.65 Billion Cash Deal
Viatris has agreed to acquire Pacira BioSciences for $36.50 per share in cash, a $1.65 billion equity-value deal structured as a tender offer, bringing Exparel and Zilretta into its non-opioid pain portfolio.
Devon Energy Weighs Eagle Ford, Powder River Exit That Could Top $4 Billion, Bloomberg Reports
Bloomberg reports Devon Energy is weighing a sale of its Eagle Ford and Powder River assets that could top $4 billion, amid shareholder pressure to simplify its portfolio; no buyer or final terms have been confirmed.
TSMC September Sales Jump 54.6% Year Over Year as Record Q3 Revenue Tops Estimates
TSMC's September revenue rose 54.6% year over year to NT$511.86 billion as third-quarter sales hit a record NT$1.49 trillion, topping the LSEG SmartEstimate, according to CNBC and Seeking Alpha.
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