SpaceX enters into agreement with Qualcomm for mobile network infrastructure
EspaceX announced a deal with a chipmaker Qualcomm to providing key network technology for challenger Elon Musk’s Starlink Mobile service Verizon, AT&T And T-Mobile. Qualcomm said Wednesday that the ground network it will help SpaceX build…
‘AI Teism’: Democrats Consider Takedown in Silicon Valley
Democrats’ congressional victory in the midterms Tuesday puts Silicon Valley in the crosshairs of the new majority as it prepares to bring together tech executives for high-profile hearings and set rules for artificial intelligence. The results…
Novo Nordisk shares jump 6% after raising 2026 outlook on obesity drug demand
Investing.com — Shares of Novo Nordisk (NVO) jumped 3% on Wednesday before paring gains to trade 4.2% higher, after the Danish pharmaceutical maker raised its outlook for 2026 due to stronger-than-expected demand for obesity drugs. Still wondering…
The sale of AI saved Apple from its own sale
Despite higher profits and strong iPhone sales, investors focused on Apple’s ( AAPL ) weaknesses, slowing services growth and forecast falling margins, with the stock falling 2% on Tuesday. But the iPhone maker may also have been cushioned by its…
Rising food costs prompt major Outback Steakhouse franchisee to file for bankruptcy
One of the nation’s largest Outback Steakhouse restaurant owners filed for bankruptcy this week, citing rising food prices in part. Cerca Trova Restaurant Group Holdings, owner of 61 restaurants on the West Coast, filed for Chapter 11 bankruptcy…
Uber (UBER) Third Quarter 2026 Results
Uber reported third-quarter revenue that beat analysts’ estimates, but the company missed expectations in its two key businesses. Here are the company’s results compared to analyst estimates compiled by LSEG: Earnings per share: 25 cents…
Semiconductor Selloff: The Best Chip Stocks to Buy Now Before Soaring Again
Semiconductor stocks saw a sharp sell-off on Friday, October 30, after IntelForecasts fell well short of expectations due to the decline in the personal computer (PC) market. THE PHLX Semiconductor Sector the index fell 7% in a single session. Actions of…
Private companies created 86,000 jobs in October, slightly more than expected, according to ADP
Private sector job growth remained stable in October, with gains spread across sectors, as the labor market showed further signs of stabilization, ADP reported Wednesday. The payroll processing company said businesses added 86,000 jobs in the month, the…
Stock market today: Dow, S&P 500 and Nasdaq gain after Democrats take control of the House and Senate
U.S. stocks soared Wednesday after Democrats took control of both houses of Congress in seismic midterm elections, paving the way for divided government. The Dow Jones Industrial Average (^DJI) rose 1.9%, while the S&P 500 (^GSPC) rose 1.2%. The…
Canva lays off more than 1,200 people amid slowing growth
Design software publisher Canva is cutting 22% of its workforce, or 1,271 people, amid slowing growth. The company’s co-founder and CEO, Melanie Perkins, said in a memo to employees that while Canva has evolved so far, it needs to change to deal…