Core Insights - Carvana reported higher third-quarter profit and revenue, driven by strong demand for preowned vehicles [1] Company Summary - Carvana's third-quarter performance showed an increase in both profit and revenue, indicating a positive trend in the used car market [1] - The strong demand for preowned vehicles has significantly contributed to Carvana's financial results [1] Industry Summary - The used car market is experiencing robust demand, which is benefiting retailers like Carvana [1]

Core Insights - Microsoft reported significant growth in its cloud-computing business, exceeding Wall Street revenue estimates, indicating continued strong investment in artificial intelligence by businesses [1] Group 1: Financial Performance - Quarterly revenue surpassed Wall Street estimates, showcasing robust demand for cloud services [1] - The growth in the cloud-computing segment reflects a broader trend of businesses increasing their spending on technology solutions [1] Group 2: Market Trends - The strong performance in cloud services suggests that companies are prioritizing investments in artificial intelligence and related technologies [1]

Google-parent Alphabet beat Wall Street estimates for third-quarter revenue on Wednesday, as both its core advertising business and cloud computing unit showed steady growth. ...

Mastercard is in late-stage talks to acquire crypto startup Zerohash for between $1.5 billion and $2 billion, Fortune reported on Wednesday. ...

Nvidia CEO Jensen Huang donated to fund the construction of U.S. President Donald Trump's White House ballroom, he told reporters, joining other tech leaders supporting the project. "I'm delighted to ... ...

Core Insights - Amplifon, the Italian hearing aid group, experienced a significant decline in its third-quarter adjusted net profit, reporting a 27.7% drop to 19.2 million euros ($22.4 million) [1] Financial Performance - The adjusted net profit for the third quarter was 19.2 million euros, which translates to approximately $22.4 million [1] - The reported decline of 27.7% indicates a substantial decrease in profitability compared to the previous year [1]

Core Viewpoint - U.S. Health Secretary Robert F. Kennedy Jr. stated that there is insufficient evidence to confirm that Kenvue's pain medicine Tylenol causes autism, but it should still be used with caution and under a physician's guidance [1] Summary by Relevant Categories Company - Kenvue's pain medicine Tylenol is under scrutiny regarding its potential link to autism [1] Industry - The statement from the U.S. Health Secretary highlights the ongoing debate and concerns within the pharmaceutical industry regarding the safety of over-the-counter medications like Tylenol [1]

The Federal Reserve on Wednesday said it is ending the drawdown of its $6.6 trillion balance sheet amid evidence money market liquidity conditions have begun tightening and bank reserve levels dropping. ...

Core Insights - Airbus reported higher than expected third-quarter profits and revenues, driven by commercial jetliner deliveries and gains in helicopters and defense [1] Financial Performance - The company experienced significant growth in profits and revenues compared to previous quarters, indicating strong operational performance [1] Business Segments - The increase in revenues was primarily led by the delivery of commercial jetliners, alongside improvements in the helicopter and defense sectors [1]

If the Trump administration allows Nvidia to sell a version of its best AI chip to China, as the President opened the door to on Wednesday, experts say it would severely decrease the American advantag... ...