Biden embraces AI...

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💰 Featured News

Meta's Reality Labs loses $3.7 billion in third quarter as Zuckerberg's big bet keeps bleeding cash - CNBC

Biden Moves to Embrace AI as National Security Tool in Executive Order - WSJ

Alphabet’s stock has its worst day since start of the Covid pandemic in March 2020 - CNBC

Boeing trims annual 737 delivery target due to supplier errors - Reuters

Mattel says Barbie sales grew 16% as blockbuster movie became a phenomenon - CNBC

Bond Market’s ‘Vicious Cycle’ Risk Puts Spotlight on Fed’s QT - Bloomberg

Apple raises price of Apple TV+ to $9.99 a month - CNBC

GM, Honda scrap plans to co-develop 'affordable' sub-$30,000 EVs - CNBC

Exclusive: Shell cuts low carbon jobs, scales back hydrogen in CEO overhaul -sources - Reuters

Apple will reportedly release a bunch of new AirPods next year - CNBC

UFC faces boycott calls after announcing tie-up with Bud Light reportedly worth $100M - NY Post

🇬🇧🇨🇳🇲🇽🇿🇦 International

Intesa to add 2 bln to reserves from bank tax - Reuters

Renault to invest $3.2 bln in eight new models in global re-launch - Reuters

Shell will cut 200 jobs in its low-carbon division - CNBC

Barclays downgraded by BofA on restructuring uncertainty - Reuters

Volkswagen lags behind profitability targets in Q3 - Reuters

Japan's Takeda slashes full-year profit forecast on drug pipeline impairments - Reuters

Nomura reassesses mainland China business plan as losses mount - Reuters

JD.com spooks investors with 55% plunge. - Yahoo Finance

🤝 Mergers and Acquisitions

Stellantis nears deal to buy 20% of Chinese EV maker Leapmotor - Bloomberg News

Santander may look into potential acquisition of Metro mortgage portfolio - Reuters

UPS Expands Reverse Logistics Footprint With Acquisition of Happy Returns - PYMNTS

Blockmate Ventures to Acquire Lithium Battery Distributor, BESS - GlobeNewsWire

UFC owner Endeavor announces review of strategic options - Reuters

💼 Executives

Morgan Stanley says Ted Pick will succeed James Gorman as CEO on Jan. 1 - CNBC

Qualcomm CEO on new chip: AI 'evolving different' than cloud - Yahoo Finance

Japanese Companies Will Catch Up on EV: Mazda CEO - Bloomberg

IBM Earnings Edge Estimates. CEO Says AI Bet Is Starting to Pay Off. - Barrons

Mercedes-Benz shares fall 6% as profit falls; CFO bemoans 'brutal' EV pricing - CNBC

📈 Earnings

T-Mobile lifts free cash flow forecast as subscriber additions beat estimates - Reuters

Chevron target Hess beats quarterly profit estimates on production boost - Reuters

Thermo Fisher cuts annual profit forecast on weak biotech demand - Reuters

IBM software sales up 8% as the company beats on top and bottom lines - CNBC

Comcast revenue and profit top estimates as Universal theme park sales soar - CNBC

Bristol Myers Squibb earnings top estimates even as top-selling drug fights generic competition - CNBC

Honeywell beats profit estimates on aviation boost - Reuters

Harley-Davidson profit hit by slowing demand - Reuters