Shield AI is trying to shake up the defense industry. The company, which is valued at $5.3 billion after securing $240 million in its latest round of funding, is set to unveil its next generation, autonomous fighter jet known as the X-Bat on Wednesday. CNBC got exclusive access to the company’s headquarters ahead of the launch.Shield AI says the unmanned aircraft has a jet engine, will have a 2,000 mile range, can fly up to 50,000 feet and has the ability to take off and land vertically, enabling it to operate in remote locations without a runway — like on a ship…
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Mark Zuckerberg, chief executive officer of Meta Platforms Inc., during the Meta Connect event in Menlo Park, California, US, on Wednesday, Sept. 17, 2025. David Paul Morris | Bloomberg | Getty ImagesMeta said Tuesday that it formed a joint venture agreement with Blue Owl Capital in a deal worth $27 billion to fund and develop the social media company’s massive Hyperion data center in rural Louisiana.As part of the deal, the asset management firm will own 80% of the joint venture, while Meta will retain a 20% stake and oversee the construction and property management services of the data center,…
Check out the companies making headlines in after-hours trading. Netflix — The streamer dropped more than 4% after it missed Wall Street’s earnings estimates . For the third quarter, Netflix reported adjusted earnings of $5.87 per share. Analysts polled by LSEG expected $6.97 per share in profit. The company’s revenue of $11.51 billion for the period matched analysts’ estimates. Netflix attributed its weaker-than-forecasted results to an ongoing dispute with Brazilian tax authorities. Western Alliance — The regional bank gained more than 3% on better-than-expected earnings for the third quarter. Western Alliance earned $2.28 per share on revenue of $938 million.…
With the AI bubble inflating valuations across the tech sector, it’s becoming difficult to find stocks that aren’t already deep in overbought territory. However, for those willing to dig deeper, there are still diamonds in the rough. Adobe (ADBE) is currently at an interesting juncture, presenting one of my favorite setups: a mean reversion trade. (I cover this trading method in detail in my book, Mean Reversion Trading ) A look at the 9-month daily chart reveals several signs supporting a potential bounce from its current price level. Support/Resistance The white line on the chart highlights a multi-month support zone…
CNBC’s ‘Fast Money’ team discusses gold as the precious metal’s price drops after a record rally. Source link
The Mattel, Inc. logo is displayed outside the headquarters of the toy company known for products including Barbie and Hot Wheels in El Segundo, California on June 8, 2023.Patrick T. Fallon | AFP | Getty ImagesBarbie-maker Mattel posted third-quarter results after the market close on Tuesday that missed analysts’ expectations as ongoing global tariffs continue to hamper the toy manufacturer’s sales in North America.Shares of the company fell 4% in after hours trading.Here’s what Mattel reported for its third quarter compared with what Wall Street was expecting, based on a survey of analysts by LSEG:Earnings per share: 89 cents adjusted…
Nicoletaionescu | Istock | Getty ImagesIt is tech’s biggest question, and there is a wide range of takes on every side.With artificial intelligence-driven spending leading to record deals and valuations, seemingly everyone is weighing in on the AI boom — and potential bust.Economic bubbles happen with a rapid rise in market values and asset prices in a specific area, often fueled by speculation, followed by a crash during which money is quickly taken out.More than 1,300 AI startups now have valuations of over $100 million, with 498 AI “unicorns,” or companies with valuations of $1 billion or more, according to…
Travis Kelce #87 of the Kansas City Chiefs looks on during warmups before the game against the Detroit Lions at Arrowhead Stadium on Oct. 12, 2025 in Kansas City, Missouri. Jamie Squire | Getty ImagesNFL star Travis Kelce is teaming up with activist investor Jana Partners in a bid to help reshape the future of Six Flags Entertainment Corp.Jana announced on Tuesday that it has partnered with Kelce, consumer executive Glenn Murphy and technology executive Dave Habiger in an investment group that now holds an economic interest of roughly 9% in the amusement park operator.Shares of Six Flags shot up…
Palantir has been eerily quiet since the August sell-off. I think the technicals and fundamentals are lining up for this AI leading company to break resistance and run towards $200 either just prior to, or following earnings on Nov. 3. Palantir, other hyper growth AI-buildout names, as well as the Nasdaq sold off quite sharply in August on concerns of extended valuations. Since then, the company has gone very quiet in both volatility and volume setting up a potential breakout. I’ve been trading in and out of Palantir in our ‘fast money’ managed account Active Opps (linked below), but just recently…
(These are the market notes on today’s action by Mike Santoli, CNBC’s Senior Markets Commentator. See today’s video update from Mike above.) The broad market held Monday’s 1% pop, using another bout of rotation from recent winners toward less-crowded groups to hold the indexes at or just shy of record highs. It was a churning, low-momentum session, with the S & P 500 trading for a seventh day within the range left by the 2.7% drop on Oct. 10. But not unhealthy given the solid response to several earnings prompting a shift toward Old Economy names and out of some…
