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Stories published on Oct 29
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  • Stories published on Oct 29

Wednesday, Oct 29

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ServiceNow CEO denies AI companies are threatening enterprise software: 'They don't do what we do'

www.cnbc.com

ServiceNow CEO Bill McDermott pushed back against the idea that artificial intelligence technology will make enterprise software redundant.

Drilling companies want to explore for hydrogen in Minnesota’s Iron Range

www.startribune.com

A federal report found that Minnesota could be home to large reserves of hydrogen, a carbon-free fuel.

Meta shares slide after company projects higher expenses for 2026

www.ocregister.com

Meta Platforms Inc. said its costs will grow much faster next year.

Meta shares slide after company projects higher expenses for 2026

www.twincities.com

Meta Platforms Inc. said its costs will grow much faster next year.

Meta shares slide after company projects higher expenses for 2026

Meta Platforms Inc. said its costs will grow much faster next year.

YouTube offers voluntary buyouts as company reorganizes around AI

www.cnbc.com

In an internal memo to staff, YouTube CEO Neal Mohan said the platform is reorganizing its product teams for the first time in a decade.

23

AOL to be acquired for $1.5 billion by the same company that bought Vimeo, Evernote

mashable.com

Bending Spoons has acquired AOL for $1.5 billion. Here's what you need to know about the deal, and Bending Spoons.

The 'Great Freeze:' Companies Keep Growing—Without Hiring

www.newser.com

Big US companies are betting they can boost profits and keep sales climbing—all without hiring more people. The new corporate mantra is to do more with the same, or even fewer, employees, as businesses lean on artificial intelligence and…

How Carvana’s same-day car deliveries have become the company’s secret weapon

www.marketwatch.com

Carvana shows another sales beat and set its sights on same-day deliveries to keep on going.

Irvine Company Sells Final San Diego Office Tower for 60% Less Than 2006 Deal

commercialobserver.com

Donald Bren’s Irvine Company has traded its last office tower in Downtown San Diego at a major loss compared to its 2006 purchase price, capping the firm’s move to pivot out of Downtown San Diego’s office market. Saca Development’s John…

Another national shipping company files Chapter 11 bankruptcy

www.thestreet.com

America has a shortage of truck drivers.That shortage has not improved the economics of the trucking business.Available trucks significantly outnumber available drivers. Before the Covid pandemic, Americans never thought about the supply…

Meta shares slide after company projects higher expenses for 2026

wtop.com

Meta’s stock slid in after-hours trading on Wednesday after the tech giant posted strong third-quarter results but warned that its…

22

Fiserv’s former CEO left the fintech company in crisis. Trump put him in charge of Social Security.

www.marketwatch.com

Social Security Commissioner Frank Bisignano also sold his Fiserv stock for at least $500 million before the stock‘s collapse

Meta shares drop 9% despite earnings beat as company takes one-time tax charge

www.cnbc.com

Meta reported third-quarter earnings on Wednesday and saw shares drop 9% after it said it would take a one-time tax charge.

Meta shares slide after company projects higher expenses for 2026

www.independent.co.uk

Meta’s stock slid in after-hours trading Wednesday after the tech giant posted strong third-quarter results but warned that its expenses will be significantly higher in 2026 than this year