Business
Netflix Fell 6% After Hours as It Cut Its 2026 Ad Forecast to $2.7 Billion and Guided Fourth-Quarter Revenue Below Estimates
Netflix beat third-quarter earnings, then fell about 6% after hours on a lower ad…
Author: Scott Allan
Author: <span>Scott Allan</span>
Business
Silgan Buys Trivium Packaging for $3.4 Billion, Then Sells 40% of the Combined Business to American Industrial Partners
Silgan pays 7.1 times EBITDA for Trivium while valuing its own metal business at…
Business
Indonesian Stocks Fell Another 5% on Monday After MSCI Proposed Demoting the Market to Standalone Status
Jakarta's benchmark fell more than 5% on Monday after MSCI proposed moving Indonesia to…
Business
Nasdaq Loses 4.5% in Its Worst Week Since June as CoreWeave’s Debt Rout Rattles AI Stocks
The Nasdaq lost 4.5% last week, its worst since June, and CoreWeave's bond and…
Business
$6.1 Billion From GTCR and Elliott Buys CCC Intelligent Solutions for Less Than Its SPAC Valuation
GTCR and Elliott will pay $7.75 a share for CCC, four cents below Advent's…
Jobs & Labour
J.B. Hunt’s $50 Million Third-Quarter Cost Jump Came From Drivers and Claims, Not Diesel
J.B. Hunt earned $1.82 a share, a penny above its lowered range. Costs rose…
Business
Mitsui Will Supply Most of the Equity to Take Penske Automotive Private at $212 a Share
Penske Automotive goes private at $212. Mitsui's filing shows it supplies $1.6 billion of…
AI Policy
Eight States Sued OpenAI Over ChatGPT’s Harm to Children. Iowa Also Wants Its Advanced Model Testing Stopped.
Iowa's 91-page petition against OpenAI asks a judge to halt its advanced AI model…
Policy
After Japan Agreed to Pay for Two New York Chip Fabs, Washington Took Another 4% of GlobalFoundries
Japan pays up to $21 billion for two GlobalFoundries-run fabs in New York. Washington…
AI
Does CoreWeave’s $104 Billion Backlog Cover Its Debt Now That Its Bonds Yield Nearly 15%?
CoreWeave's CEO says its $104 billion backlog more than covers its debt. Its Q2…