Business
10 articles in this topic.
- Jio Platforms Jumps 21% in Record Debut, Becomes India's No. 2 Company at $131.5BJio Platforms opened at 1,358 rupees on Oct. 28, 2026, 21.36% above its offer price, valuing the Meta- and Google-backed telecom group at about $131.5 billion after India's largest-ever IPO.
- Nvidia and AMD Commit $4 Billion to Meta's $95 Billion AI Share SaleNvidia will invest $3 billion and AMD $1 billion in Meta's new share sale, part of a plan to raise up to $95 billion for AI data centers and its Muse agent.
- FTC and 20 States Sue Dollar General Over 29,265 Overcharge ComplaintsThe FTC and 20 states sued Dollar General on October 26, alleging it routinely charged more at the register than shelf and advertised prices despite 29,265 customer complaints since 2023.
- Instacart Explores a Sale After Talks With DoorDash and Uber: What It MeansInstacart is exploring a sale and has held early talks with DoorDash and Uber, sending its shares up 9.2% on October 23; a typical premium would value it at roughly $16 billion to $17 billion.
- Telegraph to Cut Up to 100 Jobs as Axel Springer Plans an AI-Powered OverhaulThe Telegraph is cutting up to 100 jobs less than four months after Axel Springer bought it for £575 million, as the new owner plans to turn the paper into a global, AI-powered media business.
- Treasury Proposes Ban on US Investment in Chinese AI, Chip and Biotech FirmsThe U.S. Treasury on October 22 proposed rules that would bar Americans from investing in Chinese companies developing AI, adding biotech, hypersonics and supercomputing to the list; public comments are due December 7, 2026.
- Barclays to Cut 5,000 Jobs as AI Reshapes Support Roles: What the Bank RevealedBarclays is cutting about 5,000 jobs, roughly 5% of its workforce, by the end of 2026, with around 60% of the cuts in support functions including developers as AI lifts productivity.
- Nasdaq Falls 2.6% as Meta's Cash Burn Revives Fears Over AI SpendingThe Nasdaq dropped 694 points, or 2.6%, on Oct. 22 after Meta reported negative free cash flow of $2.12 billion and plans for nonvoting shares to fund its AI buildout.
- Tesla and SpaceX Are Exploring a Merger: What Musk Confirmed and What Comes NextSpaceX and Tesla have each formed special committees of independent directors to study a merger. Here is what Elon Musk confirmed, how the two companies compare, and the hurdles a deal must clear.
- Anthropic's Draft IPO Filing: $16.3 Billion in Revenue, an $80.7 Billion Loss, and What It MeansA leaked draft of Anthropic's IPO prospectus shows first-half 2026 revenue of $16.3 billion and an $80.7 billion net loss, most of it a non-cash accounting charge. Here is what the numbers mean before the listing.