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…
Character.AI Files for Chapter 11 With Disney as the Opening Bidder
Character.AI filed for bankruptcy protection in Delaware on October 12, setting up a court-supervised auction of a company that helped define the market for chatbots built around companionship rather than…
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…
Broadcom Lines Up Debt So Its Chip Customers Can Pay for Their Chips
Broadcom has spent the past several months selling custom chips to companies that intend to build the largest computing clusters ever assembled. It has also, according to reports, been arranging…
Dell Falls 11% as Barclays Questions the Timing of Enterprise AI
Dell Technologies lost 11 percent of its market value on October 14, and the damage did not stop at one company. Hewlett Packard Enterprise, Oracle and Super Micro Computer fell…
AI Chip Stocks Slide as a Hardware Warning Reaches the Silicon
The selling began in servers and reached the chips within a day. Before U.S. markets opened on October 15, Nvidia, Advanced Micro Devices and Micron Technology were all quoted lower,…
TSMC Posts a Sixth Straight Record Quarter and Lifts Its Guidance
Taiwan Semiconductor Manufacturing Co. reported third-quarter net profit of NT$763.1 billion, about $24 billion, up 68.7 percent from a year earlier and above the NT$746.3 billion analysts had expected. It…
Chanel Fashion Chief Pavlovsky Steps Down From the Board
Bruno Pavlovsky stepped down as a director of Chanel on October 8, according to British corporate filings. The change involves his board seat only, and the company said he continues…
