Enterprise
* Intel has appointed Dr. Craig H. Barratt, a seasoned semiconductor and technology executive, to its board of directors, effective immediately. * Dr. Barratt brings extensive leadership experience from his time as CEO of Atheros Communications and Barefoot Networks, both of which were acquired by major tech companies. * His appointment comes at
Enterprise
* Tech Sell-Off: Nvidia and CoreWeave shares tumbled in premarket trading after SoftBank sold its entire stake in the chipmaker, sparking widespread anxiety over high-priced tech valuations. * Paramount's Rally: Propelled by an aggressive new strategy, Paramount Skydance shares soared after the new leadership announced deeper job cuts and a
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* Massive Financial Setback: Conduent Incorporated reported a significant net loss of $46 million for its third quarter. * Revenue Miss: The company's revenue of $767 million failed to meet Wall Street forecasts, which projected $794.3 million. * Per-Share Losses: The quarterly loss translated to 30 cents per share, with
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* NuScale Power's strategic partner, ENTRA1 Energy, has signed a historic agreement with the Tennessee Valley Authority (TVA) to deploy up to six gigawatts of SMR capacity, the largest such program in U.S. history. * The company significantly boosted its financial standing, ending the third quarter with $753.8
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* Tesla shareholders have voted to approve CEO Elon Musk's nearly $1 trillion compensation plan, a package previously voided by a Delaware court. * The controversial proposal passed with a significant 75% majority, defying recommendations from top proxy advisory firms Glass Lewis and ISS. * The pay package is tied to
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* Market Underperformance: Salesforce (CRM) has significantly lagged the broader market, dropping 24.4% year-to-date while the S&P 500 has climbed 15.6%. * Guidance Concerns: Despite beating Q2 2026 earnings expectations, the stock price fell after the company issued a weaker-than-expected revenue forecast for the third quarter. * Analyst Optimism:
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* The U.S. stock market saw a significant downturn, with the tech-heavy Nasdaq Composite falling 1.5% and the S&P 500 dropping 0.9%. * The decline was primarily driven by a sell-off in major artificial intelligence (AI) stocks amid growing concerns over their extremely high valuations. * Key AI
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* Peloton is recalling 833,000 of its original Bike+ models because the seat post can break and detach during use. * The company has received two reports of injuries, including one fractured wrist, resulting from falls caused by the defect. * The U.S. Consumer Product Safety Commission (CPSC) is urging all
Enterprise
* Netflix's ad-supported tier reached over 190 million monthly active viewers (MAVs) in October, according to a new company metric. * The company is replacing its previous 'monthly active users' (MAUs) metric to better account for multiple viewers per household, a move designed to appeal to advertisers. * This
Enterprise
* International Business Machines Corp. (IBM) has confirmed it will cut thousands of jobs in the fourth quarter. * The layoffs will affect a "low single-digit percentage" of its global workforce as the company realigns its strategy. * This move is part of IBM's broader strategy to shift its
Enterprise
* IBM has confirmed it will lay off a "low single-digit percentage" of its global workforce in the fourth quarter, potentially impacting nearly 3,000 employees. * The job cuts are proceeding despite the company reporting stronger-than-expected earnings, driven by a 10% increase in software revenue. * This move places IBM
Enterprise
* Futures Plunge: U.S. stock futures for the Dow, S&P 500, and Nasdaq 100 all dropped significantly, with the tech-heavy Nasdaq leading the decline. * Valuation Jitters: The sell-off is driven by growing anxiety among investors and Wall Street CEOs that tech stock valuations have become dangerously "frothy&