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IAC misses quarterly revenue estimates as AI overviews curb search traffic
Reuters· 2025-11-03 21:12
Core Insights - IAC missed Wall Street expectations for quarterly revenue due to a decline in visitors to its ad-supported search and content websites, attributed to the rise of AI-generated summaries [1] Company Performance - IAC's quarterly revenue fell short of analyst forecasts, indicating potential challenges in maintaining user engagement on its platforms [1] Industry Trends - The increase in AI-generated summaries is impacting traditional ad-supported content models, leading to fewer visitors on IAC's websites [1]
Palantir forecasts fourth-quarter revenue above estimates on solid AI demand
Reuters· 2025-11-03 21:06
Palantir Technologies forecast fourth-quarter revenue above analysts' estimates on Monday, as the rapid adoption of artificial intelligence boosts demand for its data analytics services from businesse... ...
Diamondback Energy to sell unit's assets for $670 million, tops profit estimates
Reuters· 2025-11-03 21:05
Diamondback Energy on Monday beat estimates for quarterly profit and said it would sell its subsidiary Viper Energy's non-Permian assets for $670 million to an affiliate of GRP Energy Capital and Warw... ...
Explainer: Is Tylenol safe to take during pregnancy?
Reuters· 2025-11-03 20:29
There is no firm evidence of a link between the use of the drug and autism. ...
Beta Technologies to price IPO at $34 per share, Bloomberg News reports
Reuters· 2025-11-03 20:17
Core Viewpoint - Electric aircraft maker Beta Technologies is expected to price its initial public offering at $34 per share [1] Company Summary - Beta Technologies is preparing for its initial public offering (IPO) [1] - The anticipated share price for the IPO is set at $34 [1]
Peru's Upland challenges disqualification from relaunch of top Amazon oilfield
Reuters· 2025-11-03 20:06
Peruvian oil firm Upland Oil and Gas said on Monday it would ask the South American nation's regulator to review its application to operate in Block 192, once Peru's largest Amazon oilfield, after it was disqualified days earlier. ...
Tesla sued by family who says faulty doors led to wrongful deaths from fiery crash
Reuters· 2025-11-03 19:38
Core Viewpoint - Tesla is facing a lawsuit related to a fatal crash in Wisconsin involving a Model S, where all five occupants died due to a design flaw that allegedly prevented them from escaping the vehicle [1] Group 1 - The crash resulted in the deaths of all five occupants of the Tesla Model S [1] - The lawsuit claims that a design flaw in the vehicle trapped the occupants inside, hindering their ability to open the doors [1]
Orsted sells 50% stake in UK wind farm for $6 billion
Reuters· 2025-11-03 19:17
Denmark's Orsted said on Monday it has agreed to sell a 50% stake in Britain's Hornsea 3 offshore wind farm for 39 billion Danish crowns ($6.09 billion), widely regarded as a crucial move to prevent a... ...
Russian push for OPEC+ action pause met no Saudi resistance, sources say
Reuters· 2025-11-03 18:33
The decision by OPEC and its allies on Sunday to keep oil output targets steady in the first quarter of next year came after Russia lobbied for the pause because it would struggle to increase exports ... ...
Disney asks YouTube TV to restore ABC for Election Day coverage
Reuters· 2025-11-03 17:45
Disney has asked Google's YouTube TV to restore ABC for Election Day coverage in service of public interest, just days after its networks went dark on the pay-TV platform. ...