world
Nintendo hikes Switch 2 sales forecast to 19 million units as flagship console momentum grows
Nintendo is riding a wave of momentum after launching its latest console called the Switch 2. Source link
Goldman Sachs, Morgan Stanley warn of a market correction: 'Things run and then they pull back'
Global markets may be due for a reality check after this year’s relentless rally, said Goldman Sachs and Morgan Stanley. Source link
UK's Reeves to address speculation over tax rises in surprise speech
U.K. Chancellor Rachel Reeves is expected to give a clearer indication that tax rises are coming in her Autumn Budget later this month when she gives a speech this morning. Source link
HSBC, General Atlantic CEOs flag AI capex-revenue mismatch, 'irrational exuberance'
Alphabet, Meta, Microsoft, and Amazon collectively expect $380 billion in capex this year, while OpenAI has announced $1 trillion in infrastructure deals. Source link
World's largest oil company Aramco reports higher third-quarter net profit on production boost
Third-quarter revenue came in at 418.16 billion Saudi riyals from 416.63 billion Saudi riyal in the same period of the previous year. Source link
CNBC Daily Open: Outside AI, the market isn't looking that hot
Even as the S&P 500 and Nasdaq Composite rose on the back of the tech behemoths, more than 300 stocks in the broad-based index ended the day lower. Source link
Asia markets mostly poised to fall despite Wall Street tech rally
Asia Pacific markets were mostly set to fall Tuesday, breaking ranks from Wall Street, which saw a tech-fuelled rally stateside. Source link
Starbucks to form joint venture with Boyu Capital to run China business
In recent years, the coffee giant has seen its sales in China plummet. Source link
Palantir tops estimates, boosts fourth-quarter guidance on AI adoption
Palantir’s earnings topped third-quarter results and the company issued strong guidance, attributing much of its rapid growth to artificial intelligence. Source link
Warren Buffett may have cut Berkshire's stake in Apple again in the third quarter
In its latest quarterly report, Berkshire said the cost basis of its consumer products equity holdings fell by roughly $1.2 billion from the prior quarter. Source link