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FedEx on Wednesday reported quarterly earnings that beat Wall Street expectations on the top and bottom lines and raised its full-year outlook for its newly realigned fiscal year. Shares of the company fell slightly in extended trading. Here's how the company performed for the pe

CNBC's Jim Cramer said Wednesday that a handful of technology giants have become so powerful that their influence extends far beyond their stock prices. The "Mad Money" host likened them to "nation states," pointing to their dominant competitive positions, ability to generate sub

Leading PC makers are shifting some production back to China as costs bite. Firms including US-based HP — which had planned to shift more than half of its production out of the country in a “China+1” strategy — are moving some manufacturing back to offset surging memory and stora

The fast-casual chain says menu-price increases helped results. It also noted rising beef costs and “higher protein usage” as people try to find ways to pack more protein into their diets.

Brazil’s main stock index sold off further on Wednesday amid mounting fears over the country’s fiscal picture following the surprise election defeat of Flávio Bolsonaro, who then fled to the US. This week’s selloff was “much more about the positions the market had adopted in rece

Benjamin Netanyahu is now oddsmakers’ favorite to stay on as Israel’s prime minister in its next government, which could take weeks or months to form, as the broader region braced for a period of prolonged uncertainty. Neither Netanyahu’s nor his main challenger’s bloc are poised

Off the Wire Press Releases Oct. 28, 2026 — The Protein Data Bank (PDB) was established by the scientific community in 1971 as the first open-access digital data resource in biology, with just seven X-ray crystal structures of proteins at its start. This month — its 55th annivers

Chipmaker Marvell Technologies has been in talks to buy data center optics maker Lumentum, according to a person familiar with the matter. A deal for Lumentum would rank as one of the largest semiconductor deals, as Lumentum has a market capitalization of more than $80 billion. T

Anti-vaccine Health Secretary Robert F. Kennedy has unilaterally passed a rule that will allow specialty pharmacies to sell six specific peptide drugs, overruling scientists at the Food and Drug Administration. The peptides are popular among members of Kennedy’s Make America Heal

A Chinese steelmaker is combining probabilistic AI with deterministic industrial models, using Huawei technology to improve furnace operations, product quality and energy efficiency. A blast furnace cannot pause while someone checks an AI answer. Its temperature, gas flow and raw

Alphabet’s stock fell 7% in after-hours trading Wednesday after the company missed profit projections and increased its AI spending past $50 billion in the third quarter. The resulting cash burn stoked investors’ fears that hyperscalers aren’t generating enough revenue to justify

Chipotle Mexican Grill on Wednesday reported mixed quarterly results and said its restaurant-level operating margin shrank. But the burrito chain saw traffic and same-store sales grow during the quarter as low-income consumers spent more, bucking industry trends, and CEO Scott Bo

Alphabet said on Wednesday that it sold $12.4 billion worth of stock in the third quarter as part of an at-the-market program it announced earlier this year. The Google parent company issued 12 million class A shares for $4.3 billion and 24 million class C shares for $8.1 billion

Girl seriously injured in wolf attack at German wildlife park - Published An eight-year-old girl has been seriously injured in a wolf attack at a German wildlife park. She was inside an enclosure at the Johannismühle park in Brandenburg, south of Berlin, with a staff member and t

The Federal Reserve voted to leave interest rates unchanged today as officials seek more information to decide whether additional hikes would be necessary to tame inflation. Two officials broke from their colleagues, both arguing that the central bank should raise rates by a quar

Alphabet shares slumped more than 10% after the search giant reported a drop in free cash flow during the third quarter, in a worrying sign for the artificial intelligence trade. Here's how the company did, compared with estimates from analysts polled by LSEG: - Earnings per shar

Alphabet shares slumped more than 10% after the search giant reported a drop in free cash flow during the third quarter, in a worrying sign for the artificial intelligence trade. Here's how the company did, compared with estimates from analysts polled by LSEG: - Earnings per shar

A classic Wide-ResNet-50-2 backbone retrained with the RACM recipe is quietly pulling 850K+ monthly downloads on Hugging Face for image classification work.

Apple on Wednesday announced its first laptop with a touchscreen, which it's calling MacBook Pro with ProLED XDR Display. Apple said the laptop has a new display, using OLED technology, that offers more brightness, better colors and wider viewing angles. It's using Apple's M5 Pro

Off the Wire Press Releases New multimodal decision model combines domain specialization, calibrated decisions and adaptive verification to bring greater precision to enterprise AI agents SANTA CLARA, Calif., Oct. 28, 2026 — Articul8, a provider of domain-specific generative AI s

Apple on Wednesday announced its first laptop with a touchscreen, which it's calling MacBook Pro with ProLED XDR Display. Apple said the laptop has a new display, using OLED technology, that offers more brightness, better colors and wider viewing angles. It's using Apple's M5 Pro

A deterioration in global credit markets is showing up in Japan, where corporate credit risk has worsened by the most since September 2022, adding pressure to a bond market already absorbing record issuance.

Nvidia is facing questions from the U.S. Department of Justice concerning its acquisition of Hugging Face, an open-source platform for hosting and testing AI models, and how that deal may impact competitors in the field. CNBC has confirmed the probe with a person familiar with th

Microsoft has never disclosed Azure’s quarterly revenue in dollars. It has typically only shared a growth percentage or described revenue dollar milestones in vague ways. But on Wednesday, when it posted another record-breaking quarter, it reported that Azure brought in a healthy

Artificial intelligence is making financial scams more convincing and harder to detect, raising new risks for investors and financial advisors. Cayla Culver, Head of Risk and Controls for Schwab Advisor Services, says fraudsters are using AI to scale traditional scams and even sp

Wednesday saw Jio Platforms becoming the 3,138th company to list on the NSE, after the country's biggest public offering. The markets, it seems, were waiting with bated breath for Jio Platforms, and a listing pop of 21.36% duly made it the second most valuable Indian company by m

The Close brings you the latest news and analysis leading up to the final minutes and seconds before and after the closing bell on Wall Street. Today's guests are DWS Americas CEO Hepsen Uzcan, Stony Brook University Public Policy & Economics Professor Stephanie Kelton, VF Corp C

Banks are delaying plans to offload part of a $15 billion loan to fund a data center tied to Anthropic PBC in Texas, after the state put a hold on new projects while assessing risks to its power grid.

Off the Wire Press Releases Purpose built to put compute in orbit, the vehicle will carry more than 15,000 kg per launch and fly third-party payloads to help ease a national shortage of launch capacity SAN CARLOS, Calif., Oct. 28, 2026 — Cowboy Space Corporation, the orbital infr

Google is bringing ads in its AI-powered Search experiences to international markets, betting that generative AI can open up new revenue opportunities even as growth in its core search advertising business slows. The announcement came Wednesday during Alphabet’s third-quarter ear

Anthropic's structure as a public benefit corporation (PBC) raises critical questions for investors ahead of the AI lab's blockbuster IPO. Anthropic aims to go public at a valuation of $1.5 trillion or more, making it the first major frontier lab to test public markets' appetite

Charles Schwab is expanding its push into artificial intelligence, bringing Anthropic’s Claude for Financial Advisors directly into Schwab Advisor Center. The company says it is the first RIA custodian to offer Anthropic’s advisor-specific AI to independent firms. Alison Dooher,

“When I brought up retiring last spring, she said she was ready whenever I was, and I took that to mean we were in good shape.”

DETROIT — Ford Motor expects earnings next year will be roughly in line with the automaker's anticipated results this year, the company said Wednesday as it reported mixed results for the third quarter. The Detroit automaker beat Wall Street's third-quarter earnings expectations

Oracle shares rose more than 10% Wednesday after the company sketched out a timeline for when it would begin to slow its capital spending for data centers and start generating cash again. The company described future capital spending in fiscal years 2028 and 2029 as “a period of

High-speed train crash kills at least 68 people in Spain - Published A high-speed train crash has killed at least 68 people and injured dozens more in central Spain. It occurred when a train travelling from Madrid to Seville barrelled into another train - which was stationary on

Microsoft generated $10 billion in revenue from commercial arrangements with OpenAI, including revenue-sharing payments, in the quarter ended September 30, the company said in a regulatory filing on Wednesday. That represents nearly 11% of Microsoft’s total quarterly revenue of $

The MPC Sample Key looks like the MPC Sample just with keys instead of pads. | Image: Akai The MPC Sample Key isn't even formally announced yet, but Akai is already showing off what the modding community is cooking up through vibe coding. Akai has decided to embrace the explosion

The firm behind Claude could start formal marketing for its IPO as soon as the week of Nov. 9, putting it in line to begin trading before Thanksgiving, the people said. Dealmaking typically grinds to a halt in the days around the holiday, which is on Nov. 26. Anthropic is still e

The Federal Reserve voted Wednesday to hold its benchmark interest rate steady. At the press conference that followed, Fed Chairman Kevin Warsh disclosed some of his thinking about where the U.S. economy stands, and how that affects monetary policy. But for Fed wonks, the big new

Microsoft Corp. reported better-than-expected cloud revenue, suggesting the company continues to reap the benefits of its massive investment in artificial intelligence. Sales at Azure were up 48%. Revenue from a commercial deal with OpenAI totaled $10 billion. Bloomberg's Ed Ludl

How do you get a chat app to go viral? They are doing it in 3 different ways.

Whatever the future of AI might be, the current situation is still very good for Microsoft. The tech giant reported yet another quarterly revenue record on Wednesday: $92.3 billion, a 19% increase over the year-ago quarter. Microsoft has now reported record-breaking revenue for 1

Death of US actress Hayden Panettiere ruled accidental, ending local police probe - Published The death of US actress Hayden Panettiere has been ruled accidental, ending a local probe into her death, police in South Carolina have said. The Heroes and Nashville star died in August

Alphabet quarterly sales and profit missed estimates, with investors focused on whether the company can protect its search business as AI changes how people find information. Scott Devitt, managing director and senior research analyst at Rosenblatt Securities, breaks down Alphabe

Superstar talent is alluring. It is also dangerous

Treasury Secretary Scott Bessent said Wednesday that further Federal Reserve rate hikes wouldn't necessarily be a mistake. After CNBC's Brian Sullivan asked if rate increases in the future would constitute a monetary policy error, Bessent responded: "That's not necessarily so." B

Marvell Technology Inc. is in advanced talks to buy data center optics maker Lumentum Holdings Inc., according to people familiar with the matter, a potential megadeal amid the race to scale up in the artificial intelligence sector.

Ford Motor Co. Chief Financial Officer Sherry House says higher commodity costs could be a $2.5 billion headwind this year. The automaker beat on earnings in the third quarter and raised the low-end of its full-year profit forecast. She speaks on "Bloomberg The Close." (Source: B

The Federal Reserve left interest rates unchanged at its October meeting, even as rising energy costs threaten to keep inflation elevated and further strain already-tight household budgets. Higher energy prices stemming from the Iran war may prove stickier than expected, but the