S&P 500 nears four-year bull run as AI concentration grows
The ten largest companies now account for about 40% of the benchmark, according to figures cited by Reuters, making AI earnings increasingly important to the wider rally.
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AI-linked companies expected to drive most S&P 500 earnings growth
Analysts expect third-quarter earnings to rise about 31%, with technology and AI-linked heavyweights contributing roughly two-thirds of the increase.
7-Eleven considers more in-house supply-chain work as consumers cut spending
The North American business is exploring further cost reductions while reporting stronger operating profit supported by fuel conditions and existing integration efforts.
UK financial sector rehearses global cloud disruption with 38 institutions
The Bank of England expects firms to act on lessons from SIMEX26, which brought major banks and market infrastructure operators together. Detailed results have not been published.
Oil retreats and stocks edge higher as borrowing pressures persist
Brent slipped to $103.50 a barrel and European shares opened higher on Friday, but elevated yields and demand for AI funding kept investors cautious.
Yandex says second drone attack disables Kaluga data-centre modules
Yandex warned of possible service disruption after reporting damage in Kaluga, a day after a separate attack shut its Sasovo data centre.
Paramount Cyberpunk film plans lift CD Projekt shares 3%
Paramount is developing a Cyberpunk 2077 film with producer Lorenzo di Bonaventura, according to independent reports. Its relationship to an earlier live-action project remains...
Tenaga Nasional forecasts higher Peninsular Malaysia power demand as data centres expand
Electricity consumption is forecast to reach 148.66 TWh in 2027, with Malaysia’s government calling for investment in generation, grids and renewable energy.
Norse Atlantic secures two-aircraft PIA lease as IndiGo deal ends
Flights for Pakistan International Airlines are scheduled to start in November, as Norse’s larger IndiGo wet-lease arrangement approaches its October 31 end.
Adidas and White Fox outline stripe dispute as hearing set for 2027
Adidas seeks restrictions on White Fox’s four-stripe clothing and profits from the products. The Australian retailer argues the stripes are decorative, with a hearing scheduled...
Virgin reveals cross-Channel train plans ahead of targeted 2030 launch
Virgin's proposed Eurostar rival will draw on its airline, cruise and hotel businesses. Depot access has progressed, but fares and a passenger timetable remain unconfirmed.
Jersey business figures defend wealthy-resident scheme amid tax criticism
An industry lunch highlighted competing views of wealthy residents’ contribution to Jersey, while official guidance shows tax obligations differ according to when residents joined.
SoftBank seeks up to $100 billion from Gulf investors for AI fund, FT reports
Masayoshi Son has discussed potential fundraising with senior Gulf figures, according to the FT account carried by Reuters. No investor commitments are established.
Trump announces diesel tax relief as fuel costs weigh on US voters
A highway-use waiver for red-dyed diesel and a proposed gasoline tax suspension promise relief, but their implementation and effect on pump prices remain uncertain.
Meta bans ByteDance ads in seven countries, including third-party TikTok campaigns
Meta says its immediate restriction covers seven markets, including the US and Japan, and extends to other advertisers whose campaigns link to ByteDance properties.
Oil falls after Trump signals Iran talks progress, with supply risks unresolved
Brent slipped to $103.53 in early Friday trading after Trump's comments on Iran negotiations. Shipping threats and hurricane shutdowns continued to disrupt supplies.
Flock Safety plans roughly 270 job cuts after buyout offer, Reuters reports
The surveillance technology company's planned reductions would affect about 18% of its workforce. It remains unclear whether voluntary departures are included in that total.
Meta’s growth faces a public-image test as Zuckerberg film reaches US theaters
The Social Reckoning arrives as Meta reports rising revenue and app use. Its latest filing also shows higher costs, and the figures cannot measure any effect of the film.