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Business news archive · October 2026

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SpaceX Revenue Surges 161% on AI and Starlink Growth

SpaceX, led by Elon Musk, reported a 161% rise in revenue for the quarter ending September, driven by its artificial intelligence and Starlink satellite internet businesses. The company earned a profit of four point four…

SpaceX Shares Surge After 161% Revenue Jump

SpaceX shares rose in after‑hours trading Tuesday after the company reported a 161% jump in third‑quarter revenue to $14.58 billion, driven by its AI unit. The AI division generated roughly $7.6 billion, overtaking Starl…

High Mortgage Rates Above 7% Slow Home Sales, Boost Buyer Leverage

Rising mortgage rates above 7% have slowed home sales and increased inventory, giving buyers more leverage in negotiations but reducing demand for properties in the market.…

Netflix Shares Fall After Lowered 2026 Guidance

Netflix shares dropped in after‑hours trading on Tuesday after the company lowered its fourth‑quarter revenue guidance to thirteen point four billion dollars and full‑year advertising sales to two point seven billion dol…

Pennsylvania Issues Alert Over Rising Congenital Measles Cases

The Pennsylvania Department of Health warned doctors Monday about a surge in measles infections among pregnant women and a concerning rise in congenital measles, a rare disease in the United States. Since the state outbr…

US Stock Market Gains on Strong Corporate Earnings, Oil Prices Ease

The U.S. stock market is rising after robust profit reports from Equifax and Hasbro, among other companies. Oil prices have eased back, contributing to the broader market lift.…

Elderly Couple Pleads Not Guilty in Son‑in‑Law’s Murder

Shili Chen and Shouyong Zhang, both seventy‑seven, pleaded not guilty to first‑degree murder after shooting New York Times executive Jonathan McKinsey in a Dublin, California parking lot. Prosecutors say the couple waite…

Trump Announces $8 B Harvest Fuel Relief Program for Farmers

President Trump announced at a Kansas rally that the U.S. Department of Agriculture will launch a new Harvest Fuel Relief program, providing $8 billion to offset diesel costs for the 2026 crop year. The USDA said farmers…

GM Beats Q3 Earnings, Tightens Outlook, Announces $20B Buyback

General Motors posted third‑quarter revenue of fifty‑billion dollars, surpassing estimates. Adjusted earnings per share reached three‑point‑seven, above the three‑point‑five‑seven forecast. The company tightened its full…

Grocery Prices Surge Amid Pandemic, Inflation, and Supply Shocks

Ever since the pandemic, grocery prices have been out of whack. COVID‑related lockdowns forced people to eat at home more often, and in April two thousand twenty grocery prices took their biggest leap in decades, increas…

US Stocks Close Mixed: Nasdaq Gains 1.11% on AI and Chip Rebound, Dow Falls 0.07%

US stocks finished the day in a mixed state. The Nasdaq index rose 1.11% after a rebound in AI and chip stocks, while the Dow Jones Industrial Average slipped 0.07%.…

Kayem Foods Recalls 1.6 Million Pounds of Ready‑to‑Eat Meat and Poultry

Kayem Foods Inc. voluntarily recalled about 1,584,361 pounds of ready‑to‑eat meat and poultry products, including hot dogs, bacon, brisket and ham, after a temperature abuse incident during storage. The Food Safety and I…

CoreWeave’s Bonds Slip into Distressed Territory Amid AI‑Debt Concerns

CoreWeave’s bonds entered distressed territory last week, defined by investors demanding 1,000 basis points more in yield than government bonds. Shares fell more than 20 percent since Tuesday’s close. Investor Chamath Pa…

Anthropic Silent on Public Benefit Fund Shares as Elon Musk Urges Distribution to Americans

Anthropic has not yet clarified whether the shares of its new public‑benefit fund will be distributed directly to Americans. Elon Musk has urged the company to give those shares to the public.…

Netflix Fires Film Head Dan Lin Amid Ongoing Restructuring

Netflix announced that Dan Lin has been relieved of his duties as head of film. The decision follows a wave of layoffs that saw 1,000 employees—about 6 % of the global workforce—cut last week. Lin, who joined Netflix in …

Dana‑Farber Breaks Ground on 300‑Bed Cancer Hospital, Shifting Alliance to Beth Israel Lahey

Dana‑Farber Cancer Institute broke ground Monday on a 300‑bed, 450,000‑square‑foot cancer hospital that will open in 2031 on the former Joslin Diabetes Center site on Brookline Avenue. The new facility will create about …

Elon Musk Announces One SpaceX Share for Every U.S. Child

Elon Musk said on Monday he will give one SpaceX share to every child in America next year. The announcement came in an X post, with no age limit specified. SpaceX stock rose one percent in morning trading that day. Musk…

Victoria’s Secret Fashion Show Returns to Los Angeles After 19 Years

The 2026 Victoria’s Secret Fashion Show took place on Sunday at Sony Pictures Studios in Los Angeles, marking the first time the runway has been held in the city in nineteen years. Adam Selman served again as creative di…

Ugreen Offers Budget‑Friendly Gadgets for Long‑Haul Flights

Ugreen’s lineup of travel accessories includes a 20,000 mAh wired power bank, a 10,000 mAh wireless power bank, over‑ear headphones, and AirTag‑like tracker tags, all available on Amazon. The Nexode 20,000 mAh power bank…

Theranos Whistleblower Criticizes Holmes in New Documentary

Tyler Shultz, a former Theranos employee, said he was shocked by the portrayal of Elizabeth Holmes in the documentary "You Can See Everything." Shultz, who helped expose the company’s fraud, described Holmes as a "broken…

Purdue‑led Expedition Finds No Amelia Earhart Plane on Nikumaroro

A 17‑person Purdue University expedition that sailed to the remote Pacific island of Nikumaroro in search of Amelia Earhart’s missing aircraft concluded that the object they had initially suspected to be the plane was in…

iPhone Duo Pre‑orders See Delivery Dates Slip to January

Apple’s first foldable iPhone, the iPhone Duo, began shipping dates slipping dramatically within minutes of pre‑orders opening on Friday. Even customers who secured a spot in the first few minutes received estimated ship…

Micron Stock Rallies as AI‑Spending Fears Ease

Micron stock rallied after the market moved past the worst of its fears about artificial‑intelligence spending. The rally was noted on Barron’s website, which redirected readers to a third‑party site operated by Hong Kon…

Elon Musk Announces SpaceX Share Gift for Every American Child

Elon Musk said he will give one SpaceX share to every child in America, a gift worth about ten point five billion dollars today. The pledge follows SpaceX’s public offering this summer, when the company’s shares closed a…

JPMorgan Invests $5 Billion in U.S. Defense Startups

JPMorgan Chase has deployed five billion dollars in its first year of a security and resiliency initiative, targeting defense, manufacturing and supply‑chain firms. The bank, which last year pledged ten billion dollars o…

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