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Rapid News Brief
Lam Research Authorizes $25 Billion in Additional Buybacks
The authorization adds flexibility without requiring any share purchases.
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Breaking news and timely analysis, with concise context on why each development matters.
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Developing
Tesla plans Texas Cybertruck wind-down around mid-2027
Elon Musk outlined a Texas production shift, while the pickup's wider manufacturing future remains unclear.
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Rapid News Brief
Daimler Truck profit rises as North America rebounds
North America lifts quarterly earnings while electric-vehicle volumes show a different trend.
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Developing
Airbnb raises outlook, adds $12 billion buyback plan
The travel platform projects high-teens annual growth and reports lower customer-support costs.
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Developing
Mattel cuts sales and profit outlook before holidays
The toymaker lowers its annual targets even as tariff refunds lift its third-quarter margin.
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Developing
DIA agrees Argentina sale, expects $53.8 million at closing
DIA expects the Dorinka transaction to close Nov. 12. Total proceeds include more than the share purchase price.
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Rapid News Brief
Wendy’s rejects Trian-led $7.35-a-share cash proposal
An independent committee rejected the nonbinding proposal as Wendy’s advances Dave’s Way, its plan to rebuild traffic and restaurant profitability.
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Breaking News
Harbinger raises $240 million to expand beyond trucks
Harbinger’s Series D funds a manufacturing ramp and expansion into power, storage, autonomy and defense. FedEx deliveries remain planned, not completed.
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Developing
Wonder submits confidential draft for proposed U.S. IPO
Wonder says it submitted a confidential draft for a proposed Class A share offering. Share count, price range and a listing date remain unannounced.
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Breaking News
U.S. productivity rises as unit labor costs fall in Q3
Nonfarm business output grew faster than hours in the third quarter. The preliminary decline in unit labor costs came even as hourly compensation increased.