Alphabet Shares Slide 10% as AI Spending Pushes Cash Flow Negative, While Microsoft’s Cloud Beat Lifts Its Stock
NEW YORK — Alphabet’s shares fell about 10 percent in after-hours trading on Wednesday after the Google parent reported third-quarter…
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Warsh Says Higher Rates Are Already Biting the AI Buildout as Fed Holds Steady
WASHINGTON — Federal Reserve Chairman Kevin Warsh pushed back on Wednesday against the idea that the artificial intelligence investment boom…
Qatar’s LNG Force Majeure Deepens Pakistan’s Winter Gas Crisis as 900 MMCFD Supply Stays Suspended
ISLAMABAD — Pakistan is heading into the winter with about 900 million cubic feet per day (mmcfd) of Qatari natural…
State Bank Raises Policy Rate to 12% as Gulf Conflict Fuels Inflation Fears
The 50-basis-point increase, the first since April, takes effect on October 27 after the Monetary Policy Committee voted nine-to-one to tighten policy against an inflation outlook worsened by the Middle East conflict.
SpaceX Closes $40 Billion GPU Financing as Musk Warns of an AI Cloud Shakeout
HAWTHORNE, California — SpaceX has closed a $40 billion debt financing deal to buy graphics processors for its fast-growing artificial…
Audi to Build First U.S. Factory in Georgia, Creating About 4,500 Jobs
Audi will build its first-ever U.S. factory near Macon, Georgia, a roughly $4 billion plant producing 200,000 SUVs a year and creating about 4,500 jobs.
IMF Sees Middle East, North Africa and Pakistan Region Contracting 1.3% in 2026 Before Rebounding in 2027
DUBAI — The International Monetary Fund on Thursday forecast that economic output in the Middle East, North Africa and Pakistan…
Instacart to Pay $5 Million in DOJ Settlement Over Hiring of U.S. Workers
SAN FRANCISCO — Instacart’s parent company, Maplebear Inc., will pay $5 million to settle a federal investigation into claims that…
Meta Faces Reported $25 Billion Judgment in New Mexico Facebook Privacy Case
A New Mexico judge has ordered Meta to pay $25 billion in civil penalties after a jury found Facebook misled users about privacy — a fraction of the $219 billion state law allowed, but one of the largest corporate penalties in U.S. history. Meta says it will appeal.
US Offers 315,000 Barrels From Emergency Heating Oil Reserve Ahead of Winter
The Energy Department will loan up to 315,000 barrels — about a third of the Northeast Home Heating Oil Reserve — in an exchange that companies must repay with a premium. Supporters call it timely relief for the Northeast; analysts doubt it will move prices.
