latest news in companies

NBA Evaluates Three Finalist Bids for New Las Vegas Team

NBA Evaluates Three Finalist Bids for New Las Vegas Team

Las Vegas, Tuesday, 29 September 2026.
The NBA is considering three finalist groups for a Las Vegas expansion franchise, with valuation projected at a record $12 billion to $13 billion including a new arena.

OpenAI Launches GPT-6.1 Sol to Slash Enterprise AI Operational Costs

OpenAI Launches GPT-6.1 Sol to Slash Enterprise AI Operational Costs

San Francisco, Tuesday, 29 September 2026.
OpenAI has introduced GPT-6.1 Sol, delivering near-flagship performance at one-fifth the cost of its Astra model. The move significantly reduces computing expenses for complex corporate automated workflows.

Hermès Stock Drops 36 Percent in 2026 as Luxury Demand Slumps

Hermès Stock Drops 36 Percent in 2026 as Luxury Demand Slumps

Paris, Tuesday, 29 September 2026.
Hermès International shares fell over 36% year-to-date by late September 2026, driven by slowing luxury demand and prompting major analysts to lower their price targets.

Oracle Stock Soars as OpenAI Business Sales Double

Oracle Stock Soars as OpenAI Business Sales Double

San Francisco, Tuesday, 29 September 2026.
OpenAI’s annualized revenue surged to nearly $70 billion, driven by business sales doubling since July. The rapid growth triggered a 7% rally in cloud partner Oracle’s stock.

Claude AI Services Recover Following Brief Disruption Across Global Networks

Claude AI Services Recover Following Brief Disruption Across Global Networks

San Francisco, Tuesday, 29 September 2026.
Anthropic restored its Claude AI platform following a widespread disruption on September 29, 2026, highlighting systemic operational risks for businesses increasingly reliant on automated digital workflows.

Netlist Seeks Import Ban on Essential Memory Chips Used by Major Tech Giants

Netlist Seeks Import Ban on Essential Memory Chips Used by Major Tech Giants

Washington, Tuesday, 29 September 2026.
Netlist asked U.S. trade regulators to block Micron artificial intelligence chips, targeting Nvidia and Google in a patent dispute that threatens critical technology supply chains.

Fair Isaac Shares Plunge as Federal Regulators Break Longstanding Credit Scoring Monopoly

Fair Isaac Shares Plunge as Federal Regulators Break Longstanding Credit Scoring Monopoly

Washington, Tuesday, 29 September 2026.
Fair Isaac stock plunged over 20% following federal regulatory changes allowing VantageScore onto Fannie Mae and Freddie Mac’s mortgage pricing grid, ending FICO’s exclusive, lucrative scoring monopoly.

Specialty Retailer Maison Solutions Faces Nasdaq Delisting Risk Over Delayed Financial Reports

Specialty Retailer Maison Solutions Faces Nasdaq Delisting Risk Over Delayed Financial Reports

Monrovia, Tuesday, 29 September 2026.
Specialty grocer Maison Solutions received a second Nasdaq non-compliance notice after failing to file its quarterly report, highlighting operational compliance hurdles as it works to submit a recovery plan.

BGC Group Expects Up to $835 Million in Revenue as Third Quarter Forecast Holds Firm

BGC Group Expects Up to $835 Million in Revenue as Third Quarter Forecast Holds Firm

New York, Tuesday, 29 September 2026.
Financial technology giant BGC Group reaffirmed its third-quarter projections, targeting up to $835 million in revenue and $190 million in pre-tax earnings amid strong global trading demand.

Nvidia Partners With Major Insurers to Shield Wall Street From Expanding Artificial Intelligence Hardware Risks

Nvidia Partners With Major Insurers to Shield Wall Street From Expanding Artificial Intelligence Hardware Risks

Santa Clara, Tuesday, 29 September 2026.
Nvidia is engaging global insurers to backstop billions in debt, shielding Wall Street investors against rapid hardware depreciation as massive artificial intelligence infrastructure expansion accelerates.