Tesla reports 43% profit decline, starts Optimus robot production
Revenue reached $28.04 billion in the third quarter as Tesla expanded spending on AI and robotics and reported lower regulatory credit sales.
Globe And Street: global business and finance news
IPO & Deals
Legora raises $550 million at $8.8 billion valuation
Atreides Management led the legal AI startup’s Series E, with the proceeds intended to support further expansion across North America.
Tech
Waymo adds Las Vegas airport rides with limited initial access
Harry Reid International becomes the sixth major airport served by Waymo, with service initially restricted to a small group of riders.
- WorldEU trade committee chair urges broader agreement with China
- MarketsPrabowo challenges MSCI over Indonesia downgrade warning
- Economy & PolicyBOJ's Himino backs further rate increases as inflation nears target
- CompaniesTesla reports 43% profit decline, starts Optimus robot production
- IPO & DealsLegora raises $550 million at $8.8 billion valuation
- Energy & CommoditiesBritain clears Jackdaw gas drilling after emissions review
- Crypto & Digital AssetsCrypto chip-stock contracts see nearly $52 million in liquidations
- FinanceBlackRock expands AI fund range with robotics ETF
- TechWaymo adds Las Vegas airport rides with limited initial access
EU trade committee chair urges broader agreement with China
Bernd Lange wants investment included in wider negotiations as European lawmakers prepare to visit China on October 27 to 29.
Prabowo challenges MSCI over Indonesia downgrade warning
MSCI defended its methodology after its warning of a possible reclassification triggered a record two-day selloff in Indonesian stocks.
BOJ's Himino backs further rate increases as inflation nears target
The deputy governor said low real borrowing costs and expanding bank lending showed monetary conditions remained loose despite the latest rate increase.
Ryanair chief sees European fares rising as much as 20% in 2027
Michael O’Leary cited higher fuel costs and limited hedging protection. Ryanair is also reducing its Belgian schedule ahead of an aviation tax increase.
Blacksmith valued at $1 billion in Sequoia-led $66 million round
The software-testing platform's Series C follows a $45 million Series B just two months earlier, when it was valued at $550 million.
Britain clears Jackdaw gas drilling after emissions review
The government forecasts an 11-year operating life and a £2.9 billion economic contribution, while opponents question benefits for household bills.
Crypto chip-stock contracts see nearly $52 million in liquidations
Bullish positions accounted for about $38 million as selling moved from Binance to Hyperliquid while Wall Street was closed.
Revolut outage disrupts payments and account access across countries
The digital bank said customers’ money and data were safe but gave no estimate for restoring services.
Agile Robots plans to build up to 2,000 humanoids with Nvidia
The German company's project is among expanded European partnerships announced by Nvidia, which says its commitments to the region total nearly $10 billion.