AI & Tech · Brief
IBM revenue rises 5% to $17.1 billion on software; free-cash-flow outlook raised
The company said software revenue grew 8% and it now expects full-year free cash flow to rise by more than $1 billion; consulting revenue was flat.
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AI & Tech · Brief
Texas Instruments revenue rises 28% to $6.06 billion; Q4 forecast flat at midpoint
The chipmaker said revenue grew in industrial, automotive and data center markets; its fourth-quarter revenue range is $5.80 billion to $6.30 billion.
AI & Tech · Brief
Western Digital revenue rises 55% to $4.38 billion; dividend raised 17%
The storage maker forecast fiscal second-quarter revenue of $5.1 billion, plus or minus $100 million, and a non-GAAP gross margin of 60% to 61%.
AI & Tech · Brief
Super Micro sees September-quarter revenue of $18.5 billion-$19.5 billion, above guidance
The server maker's preliminary update cited increased demand for AI platforms; it will report full results on November 3.
AI & Tech · Brief
SpaceX revenue jumps 161% to $14.6 billion; Super Intelligence unit tops Connectivity
In its third-quarter results, the company reported a net income of $4.4 billion versus a $1.1 billion loss a year earlier and said it spent $48.1 billion on property and equipment in nine months.
Business
Lockheed Martin backlog hits record $292 billion on PAC-3 award; F-35 funding gap flagged
The defense contractor reported third-quarter sales up 11% to $20.7 billion and raised its 2026 outlook, but said F-35 Lot 20 costs have begun to exceed its contract authorization.
Business · Brief
United posts record $17.9 billion quarterly revenue as fuel expense jumps 62%
The airline said revenue rose 17% and expects fourth-quarter revenue growth above 20%, while its average fuel price rose 60% to $3.90 a gallon, according to its earnings release.
Business · Brief
P&G organic sales rise 4% in fiscal first quarter; gross margin falls 160 basis points
Procter & Gamble kept its fiscal-year organic growth outlook and raised its all-in sales range to reflect the Thorne acquisition, according to its earnings release.
Business · Brief
Netflix cuts 2026 ad forecast to about $2.7 billion as Q3 operating income rises 37%
The streaming company said revenue grew 12% to $12.9 billion and forecast a fourth-quarter operating margin of 26.0%, including about 120 basis points of cost from headcount reductions.
Business
GM raises 2026 cash-flow and EPS guidance and authorizes a new $20 billion buyback
General Motors said third-quarter net income attributable to stockholders rose to $3.3 billion from $1.3 billion, while it narrowed its full-year EBIT-adjusted range, according to its filing.
Markets
Nasdaq falls 2.6% and S&P 500 1.2% as chip stocks reverse; Dow ends flat
Technology shares led Thursday's decline as the 10-year Treasury yield fell to 4.96%, according to Yahoo Finance and Treasury Department data.
Investing
10-year Treasury yield falls 17 basis points to 4.96%, biggest drop since August 2024
It was the first close below 5% since September 22, according to Treasury Department data; 2-year and 30-year yields also fell as the Fed's next meeting approaches.
Economy · Analysis
Fed's October meeting: inflation at 3.7%, most officials expect another rate increase
The September minutes, a 0.6% monthly rise in consumer prices and payroll growth of just 29,000 frame the Federal Reserve's first meeting since it raised rates.
Business
Tesla's third-quarter net income falls 42.7% as capital spending more than doubles
Revenue was little changed at $28.05 billion, while free cash flow dropped to $1.53 billion from $3.99 billion a year earlier, according to the company's quarterly update.
AI & Tech
Meta revenue rises 26% to $64.6 billion; legal charge cuts operating income 37%
The company also set 2026 capital spending at $135 billion to $145 billion and created a non-voting share class; its shares fell nearly 7% on Thursday, Yahoo Finance reported.
Real Estate
30-year mortgage rate slips to 7.32%, still 1.13 percentage points above a year ago
Freddie Mac's weekly survey showed the first decline since mid-August, while homebuilder NVR reported a 7% drop in third-quarter new orders and lower prices.
Crypto · Brief
Bitcoin falls 3.2% to about $81,300 on Thursday as stocks sell off
Ether dropped 3.5% the same day, according to Coinbase exchange data, after US spot bitcoin ETFs took in $526.6 million on Monday, their largest daily inflow in nearly a month.
Personal Finance · Brief
Social Security benefits to rise 3.6% in 2027, up from 2.8% this year
The increase announced October 14 applies to 76 million Americans, and a calculation from Bureau of Labor Statistics price data reproduces the 3.6% figure.