7 stories published
Last updated Saturday, November 7, 2026 — 4:30 PM EST
Berkshire Hathaway spent about $9.6 billion repurchasing its own shares in the third quarter, more than double the previous quarter, while operating earnings fell 5.8 percent as insurance underwriting weakened.
Intel shares plunged 29 per cent on Friday, their worst day since the 1970s, after the chipmaker issued weaker guidance hit by plant shutdowns in Israel and a soft personal computer market.
Tesla shares fell 3% and SpaceX dropped 9% as speculation about a merger between Elon Musk’s two companies dominated Wall Street after earnings, with analysts questioning the deal’s logic and experts warning of steep regulatory hurdles.
American Express plans to cut about 5% of its global workforce, taking a $336 million restructuring charge in the third quarter, with its CFO citing the need to become leaner and more agile in the age of artificial intelligence.
Special committees at Tesla and SpaceX are weighing a merger, Elon Musk said, even as CNBC reported he has committed roughly $366 million to 2026 midterm races and SpaceX has booked $6.78 billion in federal contracts this year.
Blackstone reported a 9.2% drop in third-quarter income as higher interest rates subdued dealmaking, with the money the firm deployed reaching a low for this year, Bloomberg reported.
Barclays is cutting around 5,000 posts, about 5% of its global workforce, as it introduces more artificial intelligence into its work processes, the bank said alongside third-quarter results.
