economy

OpenAI’s Sachin Katti to Depart as Infrastructure Lead, Transitioning to Advisory Role

10/14/2026, 10:38 AM economy dismissal ai

Sachin Katti's departure from OpenAI as infrastructure lead marks a significant leadership change at a critical time for the company's AI infrastructure strategy, which is essential for its ambitious growth plans.

CoreWeave (CRWV) Shares Plunge 16% Amid Rising Bond Yields and AI Debt Concerns

10/14/2026, 09:37 AM economy stock_drop ai tech Oracle CoreWeave

CoreWeave's stock and bonds experienced significant declines due to rising investor concerns over excessive borrowing in the AI sector, reflecting a broader shift in market sentiment towards technology companies heavily investing in artificial intelligence.

Bending Spoons (BEND) shares surge 35% following Berkshire Hathaway’s $330 million investment

10/14/2026, 08:37 AM economy stock_growth

Bending Spoons shares surged 35% following Berkshire Hathaway's $330 million investment, highlighting investor confidence and potential growth opportunities for the company.

Netflix (NFLX) to Lay Off Approximately 6% of Workforce, Impacting Nearly 1,000 Employees

10/14/2026, 07:37 AM economy downsizing Netflix

Netflix's decision to lay off nearly 1,000 employees, representing about 6% of its workforce, highlights the company's strategic focus on prioritizing resources amid a competitive streaming landscape.

Bank of America (BAC) Shares Drop Over 4% Following $1.2 Billion Penalty from U.S. Treasury Department

10/14/2026, 06:37 AM economy stock_drop Morgan Stanley Apple Bank of America

Investors should pay close attention to the upcoming consumer price index data, which is expected to show a rise in inflation, as well as Bank of America's significant profit drop due to a hefty penalty, which could impact investor confidence in the bank's leadership.

Tech Giants Apple, Amazon, and Microsoft Launch AI Devices Ahead of Holiday Season

10/14/2026, 04:37 AM economy announcement ai software Amazon Microsoft Apple

Tech giants like Apple, Amazon, and Microsoft are launching new AI-powered devices ahead of the holiday season, aiming to integrate generative AI into consumers' homes despite economic challenges and uncertain demand.

ASML Reports Strong Q3 Profit and Anticipates Order Interest Through 2030 Driven by AI Demand

10/13/2026, 10:37 PM economy forecast semiconductors ASML

ASML's third-quarter earnings exceeded expectations, and the company is seeing increased customer interest in orders for its semiconductor tools extending into 2029 and 2030, signaling strong long-term demand driven by AI investments.

Singapore Sees Surge in Business Events Coinciding with Formula 1 Grand Prix

10/13/2026, 10:37 PM economy growth finance consumer

The convergence of high-profile business events with Singapore's Formula 1 Grand Prix has significantly boosted tourism and economic activity, highlighting the city's growing appeal as a global business hub.

Philippine Central Bank Prepares for 'Godzilla El Niño' Amid Rising Inflation Pressures

10/13/2026, 09:36 PM economy forecast Analysts: HSBC finance agriculture

The Philippine central bank is preparing for severe inflationary pressures due to a potential 'Godzilla' El Niño and ongoing oil price shocks, which could significantly impact the economy and food supply.

Federal Judge Blocks Trump’s Attempt to Ban MS NOW, CNN, and Politico from White House

10/13/2026, 08:36 PM economy announcement

A federal judge has issued a ruling that prevents the Trump administration from banning three media outlets from White House access, which could have significant implications for press freedom and the relationship between the government and the media.