Netflix Cuts About 1,000 Jobs While Co-CEOs Vow to Spend Where It Counts
Netflix said on October 14 that it would eliminate about 1,000 positions, roughly 6 percent of its workforce, in its largest round of cuts since 2022. Product, technology, legal and…
ASML Lifts 2026 Guidance a Third Time as Customers Look to 2030
ASML Holding raised the lower end of its 2026 revenue guidance on October 14, the third time this year the Dutch equipment maker has moved the number up, after third-quarter…
Bending Spoons Jumps 41% as Berkshire Adds $330 Million
Berkshire Hathaway bought more shares of Bending Spoons, and the market treated the filing as a verdict on the software company’s listing. The stock closed up 41 percent on October…
Anduril Lets Employees Sell at a $90 Billion Valuation
Anduril Industries confirmed on October 14 that it has opened a tender offer for its own employees, valuing the defense technology company at about $90 billion. Employees can sell shares…
Glencore Lists in Sydney Without Raising Money, Betting on Pension Capital
Glencore began trading on the Australian Securities Exchange on Wednesday in the form of chess depositary interests, with no new shares issued and no capital raised. The Sydney line opened…
Apple Closes Above $5 Trillion for the First Time
The number that counts on Wall Street is the one printed at the close, and on October 14 it belonged to Apple. The company finished the session at $342.96, up…
Berkshire Writes a Second Check to Bending Spoons
The filing reached EDGAR at 9:18 a.m. Eastern on Wednesday. By mid-morning, the shares it described had traveled much further than the money involved. Bending Spoons said Berkshire Hathaway agreed…
CoreWeave Wants Insurers to Fund the Next Data Center
CoreWeave has spent 2026 borrowing against its chips. Its co-founder now wants to borrow against something larger: the balance sheets of the global insurance industry. Brannin McBee, CoreWeave’s co-founder and…
A Power Plant Built for a Single Customer
CHEYENNE, Wyo. — The generating station American Electric Power plans to build outside this city will sell its electricity to one buyer for twenty years. That contract, and the load…
Two New York Fabs, Paid For From Tokyo
MALTA, N.Y. — This town north of Albany has been making semiconductors for more than a decade. On Wednesday it became the site of an arrangement that has rarely been…
