latest news in companies

Amazon Prime Secures High-Stakes NBA Cup Doubleheader

Amazon Prime Secures High-Stakes NBA Cup Doubleheader

New York, Friday, 30 October 2026.
Amazon’s Prime Video leads the fourth annual tournament’s opening night, turning early-season basketball into a critical test case for live sports streaming profitability and viewership engagement.

OpenAI Chief Questions Why Everyday Computer Owners Need Memory

OpenAI Chief Questions Why Everyday Computer Owners Need Memory

San Francisco, Friday, 30 October 2026.
Sam Altman sparked backlash by arguing personal computer memory sits idle ninety-five percent of the time, contending scarce global hardware must flow into centralized cloud data centers instead.

Cisco Bets on Artificial Intelligence to Overhaul Decades of Software

Cisco Bets on Artificial Intelligence to Overhaul Decades of Software

San Jose, Friday, 30 October 2026.
Cisco granted a 27-year-old engineer unlimited artificial intelligence access and a two-person team to rewrite 98% of its legacy software architecture within two years.

Surging Fuel Costs Drive Record Profits for American Energy Giants

Surging Fuel Costs Drive Record Profits for American Energy Giants

Houston, Friday, 30 October 2026.
ExxonMobil and Chevron posted blowout third-quarter results as conflict drove crude near $118 per barrel, triggering sharp debate as high fuel prices continue to pressure domestic consumer budgets.

Amazon and Yelp Partner to Connect Online Shoppers with Local Contractors

Amazon and Yelp Partner to Connect Online Shoppers with Local Contractors

Seattle, Friday, 30 October 2026.
A new partnership integrates Yelp ads directly into Amazon checkout and tracking pages, allowing retail shoppers to instantly book verified local contractors for installation and home repairs.

Why SpaceX Lost $400 Billion in Market Value Within Weeks

Why SpaceX Lost $400 Billion in Market Value Within Weeks

Hawthorne, Friday, 30 October 2026.
A massive lockup expiration releasing nearly four billion shares triggered a $400 billion valuation collapse for SpaceX, dragging down aerospace peers and inflicting multi-billion-dollar losses on major backer Alphabet.

Caterpillar Stock Plunges as Weak Sales Outlook Overshadows Record Earnings

Caterpillar Stock Plunges as Weak Sales Outlook Overshadows Record Earnings

New York, Friday, 30 October 2026.
Despite posting record profits and a $78 billion backlog, Caterpillar shares tumbled sharply as cautious guidance and broader AI spending concerns erased over $190 billion in market value.

Why Tech Investors Are Watching TSS Ahead of Its November Financial Update

Why Tech Investors Are Watching TSS Ahead of Its November Financial Update

Round Rock, Friday, 30 October 2026.
Deploying billions annually in data center hardware, TSS sets its third-quarter call for November 5, offering investors critical insight into enterprise artificial intelligence infrastructure demand.

Critical Flaw in Online Store Software Allows Hackers to Steal Goods for Pennies

Critical Flaw in Online Store Software Allows Hackers to Steal Goods for Pennies

Boston, Friday, 30 October 2026.
Attackers are actively exploiting a major security flaw across 42,000 online stores, manipulating checkout prices down to one cent and creating severe financial risks ahead of peak holiday shopping.

Fuel Processing Powers Record Third-Quarter Profits for Energy Giants

Fuel Processing Powers Record Third-Quarter Profits for Energy Giants

Houston, Friday, 30 October 2026.
Record fuel-making profits eclipsed traditional oil pumping for the first time in six years, enabling the energy giants to beat Wall Street expectations and aggressively reduce debt.