United Airlines Warns Fuel Costs Will Hit Fourth-Quarter Profit

October 21, 2026
United Airlines has warned that soaring fuel costs will hit fourth-quarter profit despite strong passenger demand and expectations for another period of record revenue. The US carrier expects adjusted earnings of between $0.50 and $1.50 per share for the final three months of 2026, well below the $1.76 average forecast from analysts surveyed by LSEG. […]
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Netflix Cuts Outlook as Advertising Growth Falls Short

October 21, 2026
Netflix has cut its full-year advertising forecast and issued weaker-than-expected fourth-quarter profit guidance as the streaming company attempts to accelerate growth following a major shake-up of its workforce and content leadership. The company now expects advertising revenue of approximately $2.7 billion in 2026, down from its previous forecast of around $3 billion. Netflix said some […]
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Blackstone and Warburg Explore $10bn+ Sale of IntraFi

October 21, 2026
Blackstone and Warburg Pincus are exploring a potential sale of financial technology company IntraFi in a deal that could value the business at more than $10 billion. The private equity firms have hired Morgan Stanley and Guggenheim Securities to advise IntraFi on the potential transaction, according to people familiar with the matter cited by Reuters. […]
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Samsung and SK Hynix Upgrade China Chip Plants Despite US Restrictions

October 21, 2026
Samsung Electronics and SK Hynix are upgrading major semiconductor factories in China as the South Korean chipmakers attempt to keep pace with a rapidly advancing domestic rival while navigating increasingly restrictive US technology controls. Both companies have confirmed work is under way at their Chinese operations, although detailed production plans have not been publicly disclosed. […]
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Anthropic Posts $80.7bn First-Half Loss Ahead of Planned IPO

October 21, 2026
Anthropic recorded a net loss of $80.7 billion in the first half of 2026 as the artificial intelligence company prepares for a potential stock market listing that could value it at around $1.5 trillion. The loss increased sharply from $13 billion during the same period a year earlier, according to a draft IPO prospectus reviewed […]
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SpaceX-Tesla Merger Moves Closer as Musk Backs $3.5tn Combination

October 21, 2026
Elon Musk has publicly backed a potential merger between SpaceX and Tesla as both companies establish special committees to consider a combination that could create a business worth around $3.5 trillion. Musk said combining the two companies would be a "good idea", confirming that special committees made up of independent directors had been formed to […]
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More Than Capital: How Yifeng Zhang Is Building a Global Family Office Around Network, Curiosity and the Future

October 21, 2026
Family offices have become one of the fastest-growing forces in private wealth. Deloitte Private estimates there were about 8,030 single family offices worldwide in 2024, managing roughly $3.1 trillion, and projects more than 10,720 offices managing $5.4 trillion by 2030. Most of those offices are built around a familiar goal: preserving and growing wealth across […]
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OVHcloud Targets Faster Growth After First Positive Cash Flow Since IPO

October 20, 2026
OVHcloud is targeting faster growth in 2027 after reporting its first positive levered free cash flow since going public, marking a significant milestone in chief executive Octave Klaba's efforts to strengthen the French cloud group's financial performance. The company reported revenue of €1.15 billion for the financial year ending August 31, an increase of 7.2% […]
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ByteDance, Alibaba and Tencent Place $35bn+ of Nvidia Chip Orders

October 20, 2026
ByteDance, Alibaba and Tencent have placed orders for more than $35 billion worth of Nvidia graphics cards as China's biggest technology companies race to secure computing power for artificial intelligence. The three companies have ordered more than three million of Nvidia's new RTX PRO 5500 cards, according to people familiar with the matter. At around […]
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Amazon to Invest More Than €16bn in Germany

October 20, 2026
Amazon plans to invest more than €16 billion in Germany in 2027 as the technology giant expands its cloud computing, artificial intelligence, logistics, satellite internet and media operations across Europe's largest economy. The investment represents another major commitment to Germany as Amazon races to expand its European cloud infrastructure amid growing demand for AI services […]
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Volkswagen's Xpeng Bet Struggles to Deliver China Comeback

October 20, 2026
Volkswagen's partnership with Chinese electric vehicle maker Xpeng was supposed to accelerate its comeback in the world's largest car market. Three years after the companies joined forces, the strategy is struggling to deliver the results Volkswagen expected. The ID. UNYX 08 electric SUV, the first vehicle to emerge from the partnership, sold an average of […]
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OpenAI Races to Raise $30bn Ahead of Anthropic IPO

October 20, 2026
OpenAI is accelerating efforts to raise around $30 billion as it seeks to secure investor commitments before rival Anthropic's expected stock market debut in mid-November. The unusually rapid fundraising could value the ChatGPT maker at more than $1.4 trillion, according to people familiar with the discussions, as the two artificial intelligence companies increasingly compete for […]
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