President Donald Trump wrote on Truth Social that Tim Cook is the person to replace Huang. Kress remains interim CEO while the board searches, and the company's 8-K says the board accepted the resignation on November 11.
Equities · Nov 12, 2026, 4:40 PM EST · Marcus Rodriguez
Chief Executive Matt Reintjes said a cautious consumer environment is expected to put pressure on fourth-quarter demand. The company also lowered its adjusted earnings outlook.
Equities · Nov 12, 2026, 9:45 AM EST · Marcus Rodriguez
The CFO put the revenue on the record. The loss figures come from the Wall Street Journal's reporting on investor documents.
Startups · Nov 12, 2026, 9:30 AM EST · Robert Harrison
The UK government says the round values the London- and Bristol-based startup at over £5 billion. Reuters reported $7 billion.
Startups · Nov 11, 2026, 10:25 PM EST · Robert Harrison
Costco declared a $30-per-share special cash dividend of about $13.3 billion, payable December 4 to holders of record November 24. It reauthorized a buyback of up to $4 billion through November 2030, replacing a 2023 program under which $3.1 billion had been purchased.
Equities · Nov 11, 2026, 7:45 PM EST · Marcus Rodriguez
Bloomberg, citing people familiar with the matter, said Marex Group is evaluating a deal and that Nomura has not decided whether to sell the Zurich unit or keep it.
Crypto · Nov 11, 2026, 5:40 PM EST · Jennifer Walsh
The AI cloud company reported $3.661 billion in third-quarter revenue and raised 2026 revenue guidance to $13.0 billion to $13.3 billion. CNBC said shares were higher in premarket trading Wednesday, after the stock had also advanced in extended trading Tuesday.
Equities · Nov 11, 2026, 8:15 AM EST · Marcus Rodriguez
Net sales were $271.2 million, up 0.4%, and net income was $11.7 million, or $0.19 a share. The company raised 2026 sales guidance to $980 million to $990 million.
Equities · Nov 10, 2026, 11:45 PM EST · Marcus Rodriguez
The AI cloud company reported $3.661 billion in third-quarter revenue and raised 2026 revenue guidance to $13.0 billion to $13.3 billion. CNBC, citing LSEG, said the quarter exceeded a $3.55 billion estimate.
Equities · Nov 10, 2026, 8:15 PM EST · Marcus Rodriguez
The 1.12 trillion yen loss compares with a 2.5 trillion yen year-earlier profit. SoftBank booked a $3.73 billion six-month loss on revised U.S. AI data-center plans and a ¥321,891 million derivative loss on Intel prepaid forwards entered in August, as Intel's share price increased by quarter-end.
Equities · Nov 10, 2026, 2:55 PM EST · Marcus Rodriguez