Navy Stops Buying Aevex Autonomous Speedboats Over Performance Shortfalls
U.S. Navy stops new purchases of Aevex GARC speedboats citing hardware issues and cheaper alternatives after $136.8 million in spending.
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IBM Raises Software Outlook as Delayed Deals Close and Q3 Results Beat Estimates
IBM lifted its software growth forecast to 7-8% as delayed deals closed and Q3 revenue and earnings topped expectations.
Meta Reports Strong Q3, Unveils New Shares to Fund AI Push Amid Legal Pressures
Meta reported $64.6B in Q3 revenue, up 26%, while unveiling non-voting Class C shares and early Muse AI growth amid ongoing legal challenges.
Tesla Cuts 2026 Capex Guidance to $20 Billion, Posts Surprise Free Cash Flow as Optimus and Robotaxi Timelines Advance
Flat revenue but a free cash flow surprise as Tesla lowers 2026 capex to $20B. Musk highlighted exponential Robotaxi growth and Optimus production progress.
TD Cowen Downgrades Chipotle to Hold, Cuts Target to $32 on Soft October Sales
Chipotle faces a tougher path after TD Cowen’s downgrade to Hold and target cut to $32 on weak early Q4 sales trends.