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22/10/2026
Kuwait Petroleum Corporation CEO: KPC's crude oil exports have returned to pre-war levels.
Latest
7 m ago
United Nations experts believe that Meta Platforms (META.O) appears to have imposed "disproportionate restrictions" on accounts belonging to one camp in Brazil's presidential election, a situation consistent with earlier complaints from incumbent President Lula's camp. Lula's camp accused Meta of repeatedly and systematically reducing the user reach of its posts, and said that Meta AI refused to generate images related to Lula while being able to generate campaign material favorable to the son of right-wing rival and former Brazilian President Bolsonaro. Previously, a judge on Brazil's electoral court had ordered Meta not to interfere in the dissemination of political and election content. Meta responded that it treats content related to both candidates equally and that there is no discrimination.
9 m ago
SpaceX is said to offer 20% extra pay to workers building a data center in Memphis.
13 m ago
SpaceX (SPCX.O) reported third-quarter net profit of $4.4 billion, far exceeding market expectations of $1.88 billion, with revenue up 161% year over year, driving its share price up as much as 12.4% intraday on Wednesday. However, the company said it will continue to invest heavily, sparking market concerns about a future expansion in debt issuance. The spread on SpaceX's bonds maturing in 2046 with a 6.6% coupon widened by 9 basis points to 264 basis points; the price of five-year credit default swaps (CDS) rose to as high as 232.6 basis points at one point, hitting multiple highs this month. SpaceX Chief Financial Officer Bret Johnsen said the company will focus investment on computing power for its superintelligence division and on its Starlink broadband and mobile businesses, and is in talks with multiple sources of debt capital for financing. The company issued $25 billion in bonds in June, and it was previously reported that SpaceX is in talks to raise $40 billion to purchase Nvidia chips. Johnsen said the company plans to maintain an investment-grade credit rating.
14 m ago
The U.S. Treasury accepted $4.751 billion in Treasury securities maturing between 2028 and 2036 in its buyback operation.
22 m ago
General Motors: The native OnStar AI assistant will debut in the 2027 Cadillac Lyriq via an OTA update in the coming months, and will subsequently roll out to more GM models.
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