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Anthropic Posts $16.29 Billion in First-Half Revenue, but IPO Risks Remain
Anthropic’s preliminary IPO filing reports $16.29 billion in first-half 2026 revenue, but leaves investors weighing growth, computing costs, supply and governance. Analysts also question whether revenue can keep pace with expectations and how the company will price its shares. The filing does not disclose Anthropic’s target IPO valuation, leaving a central question unanswered ahead of the offering.
Utah Files Criminal Charges Against Kalshi and Two Founders
Utah filed felony charges against prediction market operator Kalshi and its two co-founders on Wednesday. The state alleges 13 counts of violating its gambling ban plus profiting from illegal activity. Kalshi called the case a crazy overreach and vowed to fight in court.
Fuel Costs Force Cruise Ship Odyssey to Halt Voyage
The MV Odyssey, a US-operated ship offering long-term living at sea, has suspended its round-the-world voyage in Cambodia. Villa Vie Residences blamed soaring fuel costs tied to the Iran war. Hundreds of passengers have disembarked with no confirmed departure date.
Government, Rolls-Royce Agree £2.5bn for UK Jet Engines
The UK government and Rolls-Royce have agreed a £2.5 billion programme, jointly funded over 10 years, to develop jet engines for single-aisle aircraft. Announced with the Chancellor's first Budget, the deal is expected to support 3,300 jobs by the end of 2029 and tens of thousands more later.
California Bill Would Let Pet Owners Sue Negligent Boarding Facilities
Rep. James Gallagher introduced Dunkin’s Law after the death of a dog at a Los Angeles training facility and the discovery of 117 dogs’ remains at a Northern California rescue. The proposal would expand California’s Animal Welfare Act, classify pets as sentient beings and let owners seek damages and other lost expenses when animals are harmed or killed at covered facilities.
GM Leaving NYSE for Nasdaq 100 Move Draws Tech Debate
General Motors will switch its stock listing from the New York Stock Exchange to the Nasdaq on Nov. 17. A Yahoo Finance panel questioned whether the move makes the automaker a tech company or just changes its address.
SK Hynix Profit Jumps 632%, Returns 100 Trillion Won
SK Hynix posted record third-quarter results on Wednesday, with operating profit of 83.33 trillion won, and unveiled about 100 trillion won in shareholder returns. Shares rose more than 8% as the chipmaker cited strong AI memory demand and shelved a Solidigm IPO review.
Asda Pauses £30 New-Customer Offer After Discount Loophole
Asda paused its online offer for new customers after shoppers found a way around the one-order rule. The £30 discount required a £60 spend, and some shoppers reportedly placed multiple orders. Staff described the rush on Reddit, while the retailer said it was reviewing orders that did not qualify. Customers with unused vouchers may find the offer has disappeared from their accounts.
Intel’s $2.3 Billion Classiq Deal Would Set Quantum Acquisition Record
Intel will acquire Classiq in a cash-and-stock deal valued at $2.3 billion, according to CTech. The purchase marks a record for the quantum computing industry and a major exit for Israel’s tech sector. Classiq has around 150 employees, and Intel has allocated more than $100 million in retention grants to encourage staff to stay.
Microsoft Offers Buyouts to 60,000 Employees in Four Countries
Microsoft is offering voluntary buyouts to about 60,000 employees in the United States, Canada, India and the United Kingdom. The offer covers workers at level 70 and below, with decisions due in early December and participating staff scheduled to leave on Dec. 31. The move comes as the company balances heavy AI infrastructure spending with efforts to improve capital efficiency.
FTC and 20 States Sue Dollar General Over Checkout Prices
The Federal Trade Commission and 20 states sued Dollar General, alleging the retailer repeatedly charged customers more at checkout than prices shown on shelves and in advertisements. The complaint, filed in Tennessee, seeks a permanent injunction and other relief. Dollar General had not immediately responded to a request for comment, according to CBS News.
Microsoft Offers Buyout to 60,000 Employees as AI Spending Grows
Microsoft is offering voluntary buyouts to about 60,000 employees in the United States, United Kingdom, Canada and India as it reshapes its workforce. The offer comes as the company plans $190 billion in capital expenditures in 2026, largely tied to artificial intelligence, and prepares to report quarterly earnings and update investors on Azure cloud growth.
Major Airline Delays 150 Passengers After Las Vegas U-Turn
A United Airlines flight carrying 150 passengers returned to Las Vegas after the crew reported a security concern in the cabin. The plane landed safely late Saturday, but the overnight delay continued until Sunday morning after the crew reached its working-hour limit. Las Vegas police arrested a 25-year-old man, and the FAA confirmed it is investigating.
Anthropic IPO Lab Expects $542B Data Center Spending
Anthropic plans to list on the Nasdaq under the ticker ANT, according to its public filing with the SEC. The AI company also expects to spend at least $542 billion on data centers in coming years, as investors weigh the scale of its infrastructure plans and the risks facing AI businesses.
SpaceX Secures $40 Billion Debt Financing for AI Chips
Elon Musk said SpaceX closed $40 billion in debt financing to buy GPUs, with the financing expected to arrive in the first and second quarters of 2027. He also warned that tighter debt markets could trigger failures and consolidation among more than 200 neocloud companies, while SpaceX’s AI business has become its largest unit.
Bust Companies Revived in Phoenix Deals Fail More Often
Companies bought back by former owners through pre-pack insolvency deals were more likely to fail again and returned less to unsecured creditors, a Guardian-commissioned study found. Turnstone Intelligence examined more than 1,700 administrations from 2019. Its findings show a marked gap between connected and unconnected buyers, renewing scrutiny of deals that let businesses resume trading while leaving debts behind.
Audi Plans $4 Billion Georgia Plant With 4,500 Jobs, Trump Says
President Donald Trump announced Audi’s plan for a $4 billion assembly plant in Georgia, with capacity for 200,000 SUVs a year and about 4,500 jobs. Audi says construction is scheduled to begin next year, while production is expected to start in the early 2030s. The announcement came at a campaign rally in Perry as Trump promotes tariffs and U.S. manufacturing ahead of the midterm elections.
Garden centre near Gloucester plans £1m makeover
Highfield Garden World will begin a refurbishment in January after its takeover by Blue Diamond Garden Centres. The work, expected to cost over £1 million and take around two months, will add food concessions, redevelop the plant area and expand capacity at the car park and restaurant. The centre plans to stay open during the project, which is expected to create around 20 jobs.
Audi Build Factory Georgia: $4B Plant to Make 200,000 SUVs
President Donald Trump says Audi plans to invest $4 billion in an assembly plant in Georgia that could produce 200,000 SUVs a year. Audi says the project is expected to create approximately 4,500 jobs, with construction scheduled to begin next year and production starting in the early 2030s. The announcement comes as tariffs weigh on the company’s U.S. business.
Royal Caribbean Cruise Bahamas Trip Diverted to Canada
More than 5,000 passengers aboard Royal Caribbean’s Oasis of the Seas expected a week in the Bahamas after departing New Jersey. Stormy weather changed the itinerary, sending the ship to Halifax, Nova Scotia, instead. Passengers received only half a day’s notice and were told they could not leave the ship while in port. The cruise line provided cash and travel vouchers, while some travelers said they were trying to make the best of the change.
Six Flags Adding Seat Belts After Fatal Goliath Fall
Six Flags says it will install seat belts on Goliath and other roller coasters with similar restraints after Hassan Jihad Ibn Kariem died in a fall from the Georgia ride. Goliath and eight other rides at five parks remain closed while safety reviews and an investigation continue. The company has hired independent engineers and ride inspection specialists to review safety procedures.
Railway line between Redhill to close for landslip repairs
Network Rail will close the railway between Redhill and Tonbridge for five days while engineers stabilise a landslip near Godstone in Surrey. Buses will replace trains from 28 October until 1 November, and a speed restriction remains in place until work begins. The works include installing metal sheet piles along an embankment, while extra track maintenance is also planned. Redhill Station’s car park will be partially closed to accommodate replacement buses.
Oldest pub England officially named after timber dating
Historic England has confirmed The George Inn in Norton St Philip as England’s oldest continually licensed drinking establishment. Building archaeologist Dr James Wright used the building’s physical evidence, its builders’ history and tree-ring analysis to assess the claim. The inn dates to the late 14th century, while research also challenges several better-known pubs’ claims to an earlier origin.
Amex cut 5% headcount as costs rise at card company
American Express plans to cut 5% of its global workforce, affecting about 3,500 jobs, as CEO Steve Squeri seeks to control rising costs. The announcement followed third-quarter earnings that beat estimates, while expenses climbed to $14.5 billion. The company also raised its 2026 earnings outlook, even as billed business fell short of analyst expectations.