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OpenAI walks back comments about government support for its AI spending

OpenAI’s CFO mentioned a potential government “backstop” for AI financing on Wednesday, but later said her choice of words “muddied the point.”

AMD just passed one test — but it’s not done yet

Analysts are less focused on the latest earnings as AMD prepares to deliver long-term AI targets at next week’s analyst day.

Robinhood doubles its revenue as customers flock to its prediction markets, other new businesses

Robinhood reported third-quarter earnings late Wednesday, posting revenue that doubled year on year to $1.27 billion, and profit of 61 cents a share, up 259% compared with last year.

Hailey Bieber’s Rhode brand was a huge win for Elf Beauty. Why the stock is losing a fifth of its value anyway.

Elf Beauty surprised Wall Street with a weaker outlook and profit, sending the stock more than 25% lower.

DoorDash expects bigger investments next year and a little less from Deliveroo; stock sinks

Shares of DoorDash tumbled in extended trading Wednesday, after the delivery platform said it plans to increase investments in its business next year and that its recent acquisition of Deliveroo would contribute less to profits in 2026 than once anticipated.

Figma’s AI-powered software playbook delivers an earnings beat

Figma crossed $1 billion in annual revenue run rate in the third quarter as the design platform saw increased adoption.

Lyft says push into Europe and luxury travel will help draw riders, as stock rises

Lyft on Wednesday offered up a fourth-quarter forecast for a key demand metric that topped Wall Street’s expectations and said its push into Europe would give sales a boost next year.

Costco puts up yet another monthly sales gain, but the stock falls

Another month, another sales gain for warehouse retailer Costco.

Qualcomm takes a big tax charge that hits earnings, and the stock falls

The chip company’s results were upbeat when excluding the charge, with its CEO cheering strong business momentum and new opportunities in data centers

Arm steps up its AI investments as it cashes in on another billion-dollar quarter

Arm says its rising revenue allows it to spend up on research and development that helps meet growing customer demand.

AMC beats revenue expectations despite demand softness — and says it wants to work more with Netflix

AMC Entertainment’s third-quarter revenue topped Wall Street expectations despite “softening” demand from moviegoers, the company said Wednesday.

I invested $200K in my daughter’s 529 plan. She doesn’t want to go to college. What should I do with this money?

“Are there any other ways I can consider transferring the wealth to her?”
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