Dow Jones Top Company Headlines at 7 PM ET: Netflix Replaces Content Chief as it Struggles to Engage Viewers | Tesla's ...

Dow Jones10-16 07:00

Netflix Replaces Content Chief as It Struggles to Engage Viewers

Peter Rice, a former Fox and Disney executive, is taking over for Bela Bajaria.

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Tesla's Energy Boss Leaves the Company

Mike Snyder, the vice president of energy and charging, stepped down as Tesla pivots to AI.

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Meta and Apple, Longtime Foes, Team Up to Put Open-Weight AI on Macs

The partnership gives developers a new way to run sophisticated AI without renting computing power from the cloud.

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Proofpoint to Acquire Varonis in $6.3 Billion Cybersecurity Deal

Thoma Bravo-owned cybersecurity company seeks to expand its data-security business as AI changes how corporate information is accessed.

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Nvidia's Huang Says CoreWeave Doesn't Need a Backstop

CoreWeave stock is dropping again Thursday but backer Nvidia say it doesn't have to step in to stem the bleeding.

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KFC to Ditch Pepsi for Coke in Thousands of Restaurants

The switch at thousands of U.S. restaurants deals a setback to PepsiCo as it struggles to revive sales of its signature soft drinks.

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Penske Automotive Group to Be Taken Private by Penske, Mitsui

Penske Automotive Group has agreed to be taken private by the transportation-services company's biggest investors for about $4 billion.

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J.B. Hunt Reports Higher Profit, Steeper Operating Expenses

The logistics company's profit came in at $172.4 million, or $1.82 a share, despite operating expenses growing to $3.43 billion.

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Alcoa Posts Higher Third-Quarter Profit, Sales on Increased Production

Alcoa posted a quarterly profit of $483 million, up from $232 million a year earlier, after the company worked to improve operations and boost production.

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Interactive Brokers' Profit Climbs, But Customer Stock Trading Slows

Customer trading in futures rose, but stock and options trading volume fell, the brokerage said in its third quarter report.

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Brunello Cucinelli Nudges Up 2026 View, Bucking Luxury's Weak Trends

The Italian luxury-fashion company now expects sales for the year to rise by 12% at constant exchange rates, up from previous guidance of 10%-11%.

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Amazon Bee Devices Show Push to Avoid Getting Shut Out of Personal AI

Amazon is launching two new personal AI products alongside Bee, an AI hardware company it acquired in June 2025.

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Better.com Adds Former X CEO Linda Yaccarino to Board After Proxy Fight

Linda Yaccarino, the former chief executive of Elon Musk's X, is joining the board of Better.com as the digital mortgage lender looks for stability following a messy and expensive proxy fight.

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Lyft Eyes Upscale Corporate Travel as Next Leg of Growth

The ride-hailing company is establishing a new chauffeuring brand, dubbed Alcove, that caters to demand for full days of executive travel between client meetings, conferences and flights, Chief Executive David Risher said.

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Bank of New York Logs Higher Profit But Flags Market Volatility

Bank of New York Mellon recorded third-quarter growth with a hint of caution, as falling stocks in recent days have put up a few red flags.

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AstraZeneca Strikes Up to $1.5 Billion AI Drug Discovery Deal With Insitro

The drugmaker will pay AI therapeutics company Insitro $40 million upfront and up to $1.46 billion subject to meeting targets.

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PNC Revenue Rises on National Expansion

PNC Financial Services Group recorded higher revenue, but came in short of Wall Street's estimates, as profit was dented by $36 million in integration costs tied to its acquisition of FirstBank.

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Anthropic's Quarterly Revenue Jumped 45% to Nearly $17 Billion

The artificial-intelligence giant met with public-market investors Wednesday ahead of its planned IPO next month.

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Charles Schwab's Growth Engine Is 'Humming.' The Shares Are Falling Anyway.

The company's third-quarter earnings showed clients were taking out loans and adding funds to their investment accounts.

 

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