Author: WirePaw

CoreWeave needed a lot of things to go right on Monday as it released third-quarter financial results, and one of the most critical was showing that its contracted future revenues could hit a $50 billion target Wall Street had set as a benchmark for the AI data-center and infrastructure operator. In its announcement, CoreWeave confirmed…

Tech companies have invested so much money in building data centers in recent months, it’s actively driving the US economy—and the AI race is showing no signs of slowing down. Meta chief Mark Zuckerberg told President Donald Trump last week that the company would spend $600 billion on US infrastructure—including data centers—by 2028, while OpenAI…

TITUSVILLE, Fla. — A Brevard County community is mourning an 18-year-old student who died on a Carnival Cruise ship over the weekend. Anna Kepner, a senior at Temple Christian School in Titusville, was traveling on a cruise from Miami to the Caribbean when she died. The circumstances surrounding her death have not been disclosed. Kepner’s…

President Donald Trump went on a lying spree about inflation last week. Grocery prices. Gas prices. Prescription drug prices. Overall prices. Over just three days, Trump made false claims about all of them. Trump was discussing the issue of “affordability” after Democrats won state and local elections Tuesday in part by campaigning on the cost…

Warren Buffett, the billionaire investor who turned an aging textile mill into a more than $1 trillion conglomerate, said he’s “going quiet,” marking the end of an era for one of the business world’s most-watched investing gurus. In a letter disclosing that he’s donating more than $1.3 billion to four family foundations, the 95-year-old investor,…

Suranjana TewariAsia Business Correspondent Reuters In late September, the Dutch government invoked a Cold War-era emergency law to take control of a Chinese-owned chip company that has operations in the country. The extraordinary move set off a chain of events that sent shock waves through the global motor industry – already battered by US tariffs…

People often think about tech bubbles in apocalyptic terms, but it doesn’t have to be as serious as all that. In economic terms, a bubble is a bet that turned out to be too big, leaving you with more supply than demand.   The upshot: It’s not all or nothing, and even good bets can turn…

Soybean farmers, caught in the middle of a trade war between the world’s two biggest superpowers, are starting to feel the consequences as China uses its crop purchasing power as political leverage. As China’s economy has improved, the country has sought out more growth-boosting, high-protein soybean to feed its growing number of livestock such as…

Paramount‘s third-quarter revenue fell shy of Wall Street analysts’ consensus forecast, but the company issued rosy 2026 projections and upped its target for cost savings from the Skydance merger. Revenue for the period from July to September totaled $6.7 billion, flat on a pro forma basis, while analysts were expecting $7 billion. The current management…

Wendy’s plans to close hundreds U.S. restaurants over the next few months in an effort to boost its profit and make its remaining stores more appealing. The Dublin, Ohio-based chain said during a conference call with investors Friday that it planned to begin closing restaurants in the fourth quarter of this year. The company said…

Traders work on the floor of the New York Stock Exchange (NYSE) on Oct. 13, 2025, in New York City. Spencer Platt | Getty Images The Dow Jones Industrial Average rallied to a fresh closing record Tuesday, while the Nasdaq Composite struggled as investors moved money away from technology stocks into other parts of the…

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UPDATE: Airlines canceled 23 more Portland flights Tuesday Airlines canceled another 19 flights through Portland International Airport on Monday, as the federal government shutdown continues to weigh on air travel all across the country. Congressional Republicans and Democrats struck a deal Sunday to reopen the government but it will take time for their agreement to…

David Ellison is ready to take his pitch for Paramount public. The entertainment company reported its third quarter earnings Monday, its first earnings report under the leadership of CEO David Ellison, and the ownership of his Skydance. Ellison penned a shareholder letter, writing that scaling its direct-to-consumer business “is our top priority” alongside “supercharging” its…

Here are Monday’s biggest calls on Wall Street: Jefferies reiterates Apple as hold Jefferies said its checks show Apple’s iPhone volume has likely peaked. “iPhone has been super strong in China driven entirely by 17, and due mostly to pricing.” Goldman Sachs upgrades Piper Sandler to buy from neutral Goldman said it’s bullish on the…

Stephen Miran, governor of the US Federal Reserve, at the Nomura Research Forum during the International Monetary Fund (IMF) and World Bank Fall meetings in Washington, DC, US, on Wednesday, Oct. 15, 2025. Samuel Corum | Bloomberg | Getty Images Federal Reserve Governor Stephen Miran on Monday advocated for further interest rate cuts as a…

A leading investment bank has delivered an arresting diagnosis of the U.S. economy: the labor market, long a pillar of resilience, may be in real trouble. In their latest economic outlook, UBS economists led by Jonathan Pingle painted a picture of mounting weakness that extends well beyond headline job numbers, warning of a growing risk…

Papa John’s (PZZA) pared some of its earlier gains and remains up 8.5% after a report that it’s nearing a $65/share sale to TriArtisan Capital. Discussions between TriArtisan and Papa John’s (PZZA) are advancing toward an agreement, though nothing has

2027 Kia Telluride Kia DETROIT – Kia on Monday previewed its next-generation Telluride SUV that the company is describing as a “new benchmark for the brand’s design and ambition.” The first-generation Telluride has been a standout success for the South Korean car brand since it launched in 2019, at many times ranking as one of…

AirPods 4 for $85 is kind of nuts.  By  Haley Henschel Haley Henschel Senior Shopping Reporter Haley Henschel is a Chicago-based Senior Shopping Reporter at Mashable who reviews and finds deals on popular tech, from laptops to gaming consoles and VPNs. She has years of experience covering shopping holidays and can tell you what’s actually…

Italian pasta makers are boiling over after the Trump administration slapped tariffs so steep that they could wipe their products from American shelves altogether. Italy’s largest pasta exporters say they’ll stop selling to the United States as soon as January, after a combined 107 percent in import and antidumping duties made doing business across the…

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US The FBI is probing the mysterious death of a Florida teenager aboard a Caribbean-bound cruise ship over the weekend…

The Federal Aviation Administration has closed Dallas-Fort Worth International Airport to most non-commercial air traffic Monday as air traffic control staffing shortages continue. Amid the ongoing federal government shutdown, air traffic controllers have not been paid in over a month despite being forced to work overtime. That has led some of them to call in…

The settlement involving Visa and Mastercard will be subject to final approval by a federal court in New York © FT montage/Alamy Visa and Mastercard have agreed to lower the fees they charge retailers in the US, in the card groups’ latest attempt to settle a 20-year dispute with merchants after a judge rejected last…

Emmanuel Lamacchia, the program manager for Tesla’s Model Y, its best-selling car, announced that he is leaving the automaker. Tesla has now lost two program managers on the same day. Earlier today, we reported that Siddhant Awasthi, head of the Cybertruck program, announced his departure from the company. Now, we learn that another Tesla vehicle program…

In this article BRK.A Follow your favorite stocksCREATE FREE ACCOUNT Warren Buffett laid out a plan to “step up” the pace of giving away his $149 billion estate to his children’s foundations, while still allowing for a short period that lets Berkshire Hathaway shareholders gain confidence in incoming CEO Greg Abel. Buffett, in a Thanksgiving…

A former Tesco boss has been appointed to the top job at Guinness-owner Diageo, as the biggest drinks firm in the world seeks to turn around its flagging sales. Sir Dave Lewis will take over the brewing giant on 1 January, after former chief executive Debra Crew quit in the summer after two years in…

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Toyota revealed a fully electric version of its best-selling pickup truck for the first time. The new EV pickup will begin rolling out next month, but those in the US may miss out. When is Toyota launching its first electric pickup? We had a feeling it was coming soon. Toyota teased the electric pickup truck…

Visa and Mastercard have a potential deal with retailers that would lower fees for merchants, potentially lowering prices but threatening prized consumer rewards. The deal, which is still subject to court approval, could mean big changes for businesses and consumers. In 2024, over a third of all purchases were made with credit cards and those…

Tesla Inc. is losing key leaders across its Cybertruck, Model 3 and Model Y programs, the latest in a series of high-level departures this year as the electric-vehicle maker struggles with volatile sales and an uncertain outlook. Siddhant Awasthi, who oversaw the development and ramp-up of the Cybertruck as program manager for three years, has…

Deal fatigue is real — even for someone like me, who shops for a living. Come November, it seems like every brand is promoting a sale with the “lowest prices all year!” — and while you may have promised yourself not to engage until Thanksgiving week, here’s the rub: Early Black Friday deals are already…

Burry doesn’t mind going against the crowd. Michael Burry has proven his ability to identify a bubble. Back in the early 2000s, the hedge fund manager considered trends in the U.S. housing market unsustainable — and decided to short this market, betting on a decline. Amid the subprime mortgage crisis that unfolded, he collected more…