Musk floats SpaceX-Tesla merger as Tesla readies Q3 earnings
Elon Musk says special committees are exploring a merger of Tesla and SpaceX that would need approval from half of Tesla shareholders.
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Elon Musk says special committees are exploring a merger of Tesla and SpaceX that would need approval from half of Tesla shareholders.
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Bloomberg reports Live Nation's role in US live music is under scrutiny after an antitrust defeat.
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Brent crude climbed above $112 a barrel after attacks on Saudi infrastructure and U.S.-Iran risks, sending global equities lower.
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Meta posted $9.86B Q3 profit, down nearly 50% on an $18B US settlement and a $25B New Mexico penalty, while revenue beat forecasts and AI investment continued.
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Yields on French government bonds rose above 5% amid budget delays and violent protests, widening the spread versus German bonds to its highest since 2011.
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Three killed in Houthi attacks on Aramco field and airport; US orders departure of non-emergency personnel.
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The Guardian reported that Beau Lamarre-Condon, 31, is accused of fatally shooting Sydney couple Jesse Baird and Luke Davies with his police service weapon in Baird’s Paddington home on 19 February 2024.
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ITHome reports Japanese banks, airlines and railways took services offline to avoid risks from a PHP vulnerability.
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Barclays reported £2.3bn pre-tax profit, up 12%, and announced a £500m buyback as banks brace for higher taxes in the 28 October budget.
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September CPI rose more than expected, pushing debt above £3 trillion and raising Bank of England rate-hike odds.
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Tesla and Nvidia will fund new FC-BGA substrate lines at Samsung Electro-Mechanics' Sejong and Busan factories to secure AI chips for vehicles, robots and data centers.
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The BOK kept its benchmark rate unchanged at 3 percent on Oct. 22, citing the need to assess the effects of July and August hikes amid inflation and Middle East tensions.
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Solana launched its first major consensus upgrade, Alpenglow, on mainnet Wednesday, replacing TowerBFT with a direct-voting system designed to cut finality from 12.8 seconds to about 150 milliseconds.
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Tesla reports Q3 earnings after Elon Musk said a SpaceX merger has merit and needs 50% Tesla shareholder approval.
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Residents of Pavlohrad, 90 km from the front, face relentless drone and missile attacks. Locals refuse Russian occupation and criticize Trump’s stance on Zelensky.
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Higher-than-expected deficit driven by £10.9bn debt interest, the highest September figure on record.
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UK inflation rose to 3.5% in September, driven by motor fuel costs, while government debt exceeded £3 trillion for the first time and ministers approved the Jackdaw gas field.
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Hang Seng Tech Index drops more than 5% and breaks below 3800 points.
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Bitcoin climbed above $84,000 after SpaceX posted strong Q3 results, boosting tech stocks and easing AI spending concerns.
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Judge rules Apple breached competition law; Epic wins re-entry of Fortnite and broad remedies.
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Pichai says AI agents compile daily updates for him, but humans still make key decisions.
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National Energy Administration reports 37.2% year-on-year growth, with private units driving most of the increase.
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Meta beat revenue forecasts but profit fell after an $18B legal settlement; it will issue non-voting shares to fund AI spending.
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Mainland and Hong Kong indexes declined sharply, with more than 3,500 stocks lower.
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Trump calls on AI data centers to pay communities and supply surplus power to ease local opposition over rising electricity costs and other impacts.
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Hang Seng Index falls over 2% to near four-month low amid fading stimulus hopes and geopolitical risks.
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A 56-year-old man was arrested and charged after allegedly threatening staff with nunchucks at the Western Australian minister’s electorate office.
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Sina Finance reports DeepSeek completed ~100 billion yuan ($15 billion) financing, with CATL and Tencent among top investors.
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Coogee and Maroubra beaches closed after a whale carcass washed up between them; removal plans ongoing.
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ITHome reports GM will add an AI assistant to OnStar for vehicle queries, voice controls and fault diagnosis, rolling out first on 2027 Cadillac models.
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Elon Musk backs a merger of Tesla and SpaceX, valued at $3.7 trillion, aiming to complete the deal before the current U.S. administration ends.
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The OCC issued final rules implementing the GENIUS Act for stablecoin issuers, requiring reserves and timely redemptions, effective January 18, 2027.
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OpenAI says its AI found two PHP remote-code flaws patched before disclosure.
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The Bank of Korea kept its benchmark seven-day repo rate at 3%, matching forecasts, after two consecutive hikes.
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Apple capped iPhone Duo sales at two units per customer after pre-orders overwhelmed stores and servers.
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Meta created a new class of stock to prevent Zuckerberg from facing a large tax bill that could threaten his voting power.
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Washington cites rising Houthi strikes on Saudi airports and oil facilities; similar moves reported in other Gulf states.
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Zhejiang Mobile and police created a dedicated channel so 110 operators can call back users whose phones are suspended for non-payment.
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Exports more than doubled to $61.6 billion in the first 20 days of October, with semiconductors surging 222.5 percent.
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Airbnb will bar hosts from requiring guests to strip beds, wash dishes, start laundry or remove trash starting November 20.
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Doctors say the pontiff's tumour had not spread after surgery last week.
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SAP reports record quarterly revenue and raises its 2026 revenue forecast to the top of its range.
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SpaceX posted strong earnings and formed a special committee to explore a merger with Tesla, which Elon Musk supports but says needs shareholder approval.
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September figures show inflation and borrowing both at one-year highs, driven by fuel prices and debt costs, ahead of John Healey's first Budget.
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KOSPI rose 3.29 percent to 5,735.66 after Super Micro earnings eased AI spending concerns.
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Tesla posted flat revenue and higher cash flow; Musk said merging with SpaceX has merit and needs 50% shareholder approval.
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Elon Musk confirmed special committees are assessing a merger of Tesla and SpaceX, calling it a good idea but stressing no deal is agreed.
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The Guardian reports record ICE arrests and deadly operations under Trump as immigration becomes a key voter issue ahead of the 3 November midterms.
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Taiwan's FTC rejected Grab's US$600 million acquisition of foodpanda Taiwan, citing Uber's 13.1 percent stake in Grab and competition concerns.
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Tesla reported flat revenue and a 43% profit drop to $787 million while starting Optimus robot production in California.
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