US stocks rise on AI-led earnings
The Nasdaq led Wall Street to a higher close on Wednesday after quarterly results from SpaceX and Super Micro Computer improved investor appetite for artificial intelligence-related stocks while weakness in communication services stocks capped gains. SpaceX shares finished up 7.8 percent after Elon Musk's rocket and space technology firm posted its first profit as a public company. Musk said, following the report, that a merger of SpaceX and Tesla would be "a good idea," also boosting Tesla shares. Elsewhere in earnings, Super Micro shares jumped 9.6 percent and it was among the S&P 500's top gainers after the AI server maker forecast quarterly revenue and profit margin above Wall Street estimates, signalling that AI demand remained resilient. The report also benefited peers HPE, which rose 3.7 percent, and Dell, which rose 5.3 percent. The reports provided some reassurance to investors who have been worried about the sustainability of massive spending on AI buildouts and their profitability. The technology sector was hammered last week by a selloff in AI-linked stocks, with data centre operator CoreWeave at the centre of the storm. The SpaceX news "pushes back on some of the investor worries" about AI along with some help from Super Micro, according to Angelo Kourkafas,...
Read full articleMORE NEWS
Clayface review: DC spin-off delivers a grisly, vengeance-fuelled body-horror thriller
3.5/5 stars From Venom and Morbius to Birds of Prey and The New Mutants, elevating side characters to centre stage in Marvel and DC comic-book adaptations rarely takes flight. Clayface, however, is an exception. Set in the Gotham underworld, the new film features no sign – or even mention – of Batman, but no matter. A grisly but delicious tale of Hollywood excess, this DC thriller is part crime, part horror and certainly not one for the squeamish. Tom Rhys Harries (Suspicion) stars as Matt...
Fears of a pan-African Ebola crisis growing as fourth country reports first case
As Nigeria reports its first case of Ebola, fears are growing that the epidemic that started in the Democratic Republic of Congo in May could be on the verge of becoming a bigger regional crisis.
GM Aims to Bring ‘Eyes-Off’ Driving to AI-Powered Cars Within 2 Years
General Motors is seeking help from artificial intelligence to keep up with Chinese companies that introduce vehicles very quickly.
Porter Just Dropped A Cool New Merch Collection, And We Want It All
Your fave airline just got a stylish new upgrade. View Entire Post ›
Boeing 737 MAX 10 Wins FAA Approval: What’s Next?
Boeing’s biggest MAX was supposed to arrive in 2020. Six years, nearly 1,000 test flights and several certification crises later, the MAX 10 can finally start reaching airline fleets. The post Boeing 737 MAX 10 Wins FAA Approval: What’s Next? appeared first on Business Traveller.
A warning to anyone with credit card debt...
Martin’s leading this week’s podcast with an urgent warning for anyone carrying credit card: now is the time to act.
Burnham proposes plan to cut standing charges from gas bills
The prime minister provided little detail, and there are questions over shifting the fees onto unit costs.
Interview: Michelin-Starred Chef Tomos Parry on His New Menu for United Airlines
The chef behind Brat and Mountain explains how he adapted wood-fired cooking for the tray table, ahead of his new menu launching on 1 November. The post Interview: Michelin-Starred Chef Tomos Parry on His New Menu for United Airlines appeared first on Business Traveller.
Highlights From the Business Traveller Awards Event 2026
Watch as industry leaders celebrate the best brands in travel, from airlines and airports to hotels and travel services, at ITB Asia. The post Highlights From the Business Traveller Awards Event 2026 appeared first on Business Traveller.
Alaska’s Journalists Join Forces to Cover the Midterms
The state’s challenging geography and newspapers’ broader economic struggles have stretched reporters in Alaska, just as its competitive U.S. Senate race has grabbed national attention.
Civil servant admits he 'made mistakes' juggling five government jobs
Kashim Chowdhury was contracted for 183 hours a week, more than the number of hours in seven days.
These 7 Products Helped Me Beat Seasickness In Some Of The Choppiest Oceans In The World
The Drake Passage is known for having the roughest waters in the world. View Entire Post ›