DraftKings Cuts 2026 Revenue Guidance After Q3 Miss; Shares Tumble
DraftKings lowered its 2026 revenue forecast to $6.35–$6.55 billion after Q3 sales of $1.33 billion missed estimates. Here's what it means.
· 3 min read
Business News
Business and economy news: markets, companies, deals and the trends behind them.
Arm Earnings: Record $1.44B Revenue as Data-Centre Royalties Double
Arm Holdings posted record fiscal Q2 2027 revenue of $1.44 billion, up 27%, as data-centre royalties doubled. Here are the results and outlook.
· 3 min read
AppLovin Earnings: Q3 Revenue Jumps 55% to $2.18B, Stock Surges
AppLovin's Q3 2026 revenue rose 55% to $2.18 billion and net income climbed 72%, beating forecasts. Here are the numbers, guidance and buyback.
· 3 min read
Qualcomm Earnings: Handset Chip Sales Drop 26% as Auto Revenue Soars
Qualcomm's fiscal Q4 2026 revenue fell 8% to $10.32 billion as handset chip sales dropped 26%. Here are the numbers, guidance and why shares slid.
· 3 min read
Bank of England Raises Interest Rates to 4% in First Hike Since 2023
The Bank of England raised Bank Rate to 4% on November 5, 2026, its first rise since 2023, citing energy-driven inflation. Here is what it means.
· 3 min read
Stock Market Selloff: Nasdaq Enters Correction as AI Stocks Plunge
The Nasdaq fell 5.5% and the Dow lost 1,833 points on November 5, 2026, as chip and AI stocks sank after Democrats' midterm wins. Here's what drove it.
· 3 min read