Finance
Warren Buffett's Berkshire Hathaway reported operating profit of $13.485 billion for the third quarter, according to CNBC. This represents a 34 percent increase from the same period last year. Insurance underwriting income surged more than 200 percent to $2.37 billion. Total revenues reached $94.972 billion
Finance
SpaceX will develop orbital data centers using its Starlink satellite network. According to NotebookCheck, Elon Musk confirmed the plans on October 31, 2025. He stated that scaling up Starlink V3 satellites would enable space-based computing. The announcement came in response to a report about autonomous space construction. The Starlink V3
Finance
Netflix on Thursday announced a 10-for-1 forward stock split. According to Yahoo Finance, shareholders will receive 10 shares for every one share they currently own. The streaming company stated the move aims to make stock more accessible to employees participating in its stock option program. CNBC reports that shareholders of
Finance
The Federal Reserve lowered its benchmark interest rate by 25 basis points on October 30, 2025. This adjustment set the target range at 3.75% to 4%. The decision marked the second rate cut of the year. It occurred during a government shutdown that restricted access to economic data. Federal
Finance
Boeing delivered its third quarter 2025 financial results on Wednesday, posting revenue of $23.27 billion. According to CNBC, the aerospace manufacturer reported an adjusted loss of $7.47 per share. The company recorded a $4.9 billion charge related to delays in its 777X program. The revenue figure represents
Finance
Reuters reports that Foxconn's board of directors approved an investment plan worth NT$42 billion, approximately $1.37 billion, to procure equipment for an AI compute cluster and supercomputing center. The company filed this announcement late Monday, October 27, 2025. The investment will be deployed between December 2025
Finance
Brazilian farmer Andrey Rodrigues changed his planting plans two months ago. He now expects to harvest more soybeans for next year. According to ABC News, what drives him and fellow Brazilian farmers is the trade war between the Trump administration and China. This conflict shut American soybeans out of the
Finance
Hormel Foods Corporation voluntarily recalled approximately 4.87 million pounds of ready-to-eat frozen chicken products on October 25, 2025. According to NBC News, the recall affects chicken breast and thigh products distributed to foodservice locations nationwide. The U.S. Department of Agriculture's Food Safety and Inspection Service announced
Finance
According to CNBC, Disney began warning YouTube TV subscribers on October 23, 2025 that major networks could disappear from the platform. The current distribution agreement between Disney and YouTube TV expires on October 30, 2025 at 11:59 PM ET. Without a new deal, approximately 10 million YouTube TV subscribers
Finance
CNBC reports that Amazon plans to achieve between $2 billion and $4 billion in annual recurring savings by 2027 through warehouse robotics. Morgan Stanley analyst Brian Nowak released this estimate on October 22, 2025. The company plans to deploy approximately 40 next-generation robotic fulfillment centers by the end of 2027.
Finance
Gold prices continued their retreat on Wednesday, October 22, 2025, declining for a second consecutive day after reaching an all-time high earlier in the week. According to CNBC, gold futures fell $61.30, or 1.49%, to $4,053.10 per ounce by 8:25 a.m. ET. Gold mining
Finance
According to CNBC, Netflix reported third-quarter earnings of $5.87 per share on October 21, 2025. This figure fell short of analyst expectations of $6.97 per share. The streaming company posted revenue of $11.51 billion for the quarter ending September 30. This met analyst forecasts and represented a