latest news in companies
Surging Demand for Data Center Cooling Drives Vertiv's Market Rally
Westerville, Thursday, 29 October 2026.
Vertiv shares surged 16% as third-quarter organic orders doubled, signaling that enterprise spending on critical artificial intelligence power and cooling infrastructure is accelerating faster than industry forecasts anticipated.
Best Buy to Host Midnight Restock for Special-Edition Nintendo Switch 2
Kyoto, Thursday, 29 October 2026.
After admitting it underestimated initial consumer demand, Nintendo will supply Best Buy with limited special-edition Switch 2 inventory during exclusive midnight launch events scheduled for November 5.
How Artificial Intelligence Spending Propelled Samsung to a Milestone 107 Trillion Won Profit
Seoul, Thursday, 29 October 2026.
Surging artificial intelligence infrastructure demand drove Samsung to a record $80.4 billion operating profit, surprisingly outpacing its own major American tech customers and prompting a $21.7 billion dividend payout.
Surging Energy Costs Halt Residential World Cruise and Strand Residents
Sihanoukville, Thursday, 29 October 2026.
Crushed by Asian fuel costs surging to $8,000 per cabin following Middle Eastern conflict, operator Villa Vie Residences abruptly halted operations, stranding over 200 global residents in Cambodia.
Marvell Considers Takeover of Optical Equipment Maker Lumentum
Santa Clara, Wednesday, 28 October 2026.
Marvell is exploring an acquisition of Lumentum, targeting a supplier so constrained by booming artificial intelligence demand that its specialized optical components remain sold out through early 2029.
Ford Beats Profit Expectations Despite Sizable Electric Vehicle Losses
Detroit, Wednesday, 28 October 2026.
Ford surpassed quarterly profit forecasts and raised its 2026 operating outlook, even as its electric vehicle division absorbed an anticipated $4 billion annual loss amid heavy investment in new platforms.
Wall Street Mobilizes $63 Billion to Fund AI Infrastructure for Anthropic
New York, Wednesday, 28 October 2026.
Wall Street lenders and Blackstone structured a historic $63 billion package to finance AI processors for Anthropic, with supplier Broadcom unusually guaranteeing senior debt against asset depreciation.
Why Chipotle Squeezed Profits Despite Steady Customer Growth
Newport Beach, Wednesday, 28 October 2026.
Chipotle missed quarterly profit forecasts as restaurant margins dropped to 23.3%, yet store traffic proved surprisingly resilient, defying recent food safety scares and driving a 2.1% sales increase.