Business
Business coverage from Orbit News Network.
WALL STREET'S OCTOBER ENDS IN A BLOODBATH AS AI SPENDING PANIC TORCHES TECH
The Nasdaq just suffered its worst day since June and its worst month since March 2025, as investors finally balked at the eye-watering price tag of the AI boom.
BusinessOct 30, 2026AMAZON'S $220 BILLION AI BET SPOOKS WALL STREET AS CASH BLEEDS OUT
Amazon told investors its AI spending spree is only getting bigger — projecting about $220 billion in capital spending next year — and the market punished the stock for it.
BusinessOct 30, 2026WAR-DRIVEN FUEL BOOM HANDS EXXON AND CHEVRON A REFINING WINDFALL
America's oil giants just beat profit expectations — and for the first time in at least six years, Exxon is making more money refining fuel than pumping oil.
BusinessOct 30, 2026ADT SOLD FOR $15.3 BILLION IN BLOCKBUSTER TAKE-PRIVATE DEAL
The 150-year-old home security giant is going private after Thrive Holdings agreed to buy it for $10 a share in cash — a 45.6% premium that sent the stock soaring 33%.
BusinessOct 30, 2026ECONOMY BEATS EXPECTATIONS WITH 3.4% GROWTH: But Inflation Is Still Burning Hot
The last big economic snapshot before the midterms is a mixed bag: growth accelerated to its fastest pace in over a year, yet inflation climbed to 3.6% and stayed far above the Fed's target.
