SpaceX posts $4.4 billion quarterly profit as AI business grows
Revenue reached $14.6 billion, while spending on data centers and the Starship rocket pushed capital expenditures to $19.6 billion.
Globe And Street: global business and finance news
Tech
Group finds proposals for at least 17 US data center campuses on federal land
At least 35 applications for campuses and supporting infrastructure cover more than 24,000 acres across six Western states, a conservation group's analysis found.
Companies
GM to close Brownstown battery plant as lease nears end
The automaker says employees and production will move to other GM facilities, but has not identified the locations.
- WorldQatar to unveil defense partnership as minister warns energy crisis has not peaked
- MarketsUS chip stocks rebound after semiconductor index loses more than 11%
- Economy & PolicyBOJ seen pausing rate increases as oil costs may lift inflation outlook
- CompaniesSpaceX posts $4.4 billion quarterly profit as AI business grows
- IPO & DealsInspired Capital raises $450 million for fourth fund
- Energy & CommoditiesAmazon backs proposed 960-megawatt nuclear plant in Indiana
- Crypto & Digital AssetsCrypto chip-stock contracts see nearly $52 million in liquidations
- FinanceRevolut outage disrupts payments and account access across countries
- TechGroup finds proposals for at least 17 US data center campuses on federal land
Qatar to unveil defense partnership as minister warns energy crisis has not peaked
The planned cooperation would cover ballistic missiles, drones, cyberattacks and water security, while Qatar also prepares a defense production hub.
US chip stocks rebound after semiconductor index loses more than 11%
The Philadelphia semiconductor index rose 2.8% on October 19, putting it on track to end an eight-session decline.
BOJ seen pausing rate increases as oil costs may lift inflation outlook
Four sources expect only a small adjustment to the fiscal 2027 inflation forecast, while another interest-rate increase remains possible in December.
Joel Kaplan to exit Meta as Dina Powell McCormick adds external affairs
Kaplan is leaving after 15 years at the company, with the announcement coming ahead of the November 3 midterm elections.
Inspired Capital raises $450 million for fourth fund
The New York-based venture firm's assets under management will reach nearly $1.4 billion, co-founder Alexa von Tobel said.
Amazon backs proposed 960-megawatt nuclear plant in Indiana
American Electric Power would operate the project, which would use 12 X-energy reactors and supply the public grid as well as Amazon data centers.
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.
Meta’s Muse tops 10 million U.S. downloads within 40 days
Sensor Tower data show Meta increased Muse’s share of its advertising budget in October, while the app’s retention exceeded the average for three AI rivals.