Amkor's advanced packaging segment was a big plus this quarter, setting a new revenue record at $1.68 billion. The company achieved a 31% sequential revenue increase from Q2, a steep production ramp that underscores persistent demand from major customers in communications and computing end markets. Both segments posted record revenue this quarter, signaling broad-based strength rather than concentration in a single area.
Brightcom Group Limited has announced the incorporation of a wholly-owned subsidiary, Brightcom Defence Private Limited, to focus on the defense sector. This strategic move, led by a three-member leadership team including Mr. M. Suresh Kumar Reddy as Chairman & Managing Director and Mr. M. V. Mayuk Reddy as Executive Director, aims to expand the company's operations into defense technologies. The subsidiary's new website provides insights into its initial focus areas and serves as a portal for customer and partner inquiries.
For the first time in financial history, a major credit rating agency has formally evaluated a company built on a bitcoin-backed credit model. In news covered by Bitcoin Magazine, the S&P Global Ratings has assigned Strategy Inc (MSTR) a 'B-' Issuer Credit Rating with a Stable outlook, recognizing not just the company, but the emergence of Bitcoin as collateral inside the credit system. This marks a watershed moment for corporate finance.Bitcoin-backed credit is no longer theoretical. It is now a rated financial reality.
Cruise company Royal Caribbean ( NYSE: RCL) beat earnings by six cents last night, reporting a huge $5.75 per share profit despite sales coming in just a bit light at $5.1 billion. It's a bit concerning that Royal Caribbean said earnings for the full year will fall short of expectations, however, with a forecast between $15.58 and $15.63 per share, and this forecast is costing the stock 8% in early trading.
Everyone fears a white-collar AI bloodbath. That starts with a few big names proving out the AI proposition, before others (perhaps quickly) follow. Driving the news: Amazon will reportedly cut up to 30,000 jobs this week, joining brand names like Target and Paramount Skydance in cutting thousands of corporate positions. The cuts largely affect corporate roles - the kinds of work most easily displaced by increasingly powerful artificial intelligence models.
Waste Management ( NYSE: WM) missed on both earnings and revenue in Q3, posting adjusted EPS of $1.49 against expectations of $2.08 and revenue of $6.44B versus $6.70B estimated. The stock fell 2.35% in after-hours trading, though the decline was modest given the magnitude of the misses. The real pressure comes from guidance. Management now expects full-year revenue at the low end of its prior range, citing declining recycled commodity prices and softer healthcare solutions revenue.
"At Master's Transportation, Luukkonen has been instrumental in overseeing the company's financing and staffing efforts, including negotiating a PACE loan to fund energy-efficient upgrades at the company's new facility, such as geothermal heating and cooling systems. This ensures comfort for automotive and manufacturing technicians year-round, with temperatures no colder than 68 degrees in winter and no warmer than 82 degrees in summer."
However, that's only one part of the problem. Meeting the power demands of AI data centers will require the energy sector to make large investments. Then there's data center demand for microprocessors, rare earth elements, and other valuable metals such as copper, which could, in a bust, make data centers the most expensively-assembled unwanted assets in history.
Chegg said it will remain a standalone public company after a year-long strategic review conducted with Goldman Sachs. The company plans to cut roughly 45% of its global workforce-about 388 roles-as part of an effort to streamline operations and refocus on skilling and workplace learning. Management expects the restructuring to reduce 2026 non-GAAP expenses by about $100-110 million, with one-time charges of $15-19 million, mostly tied to severance payments.
In June, SAP made a $4.5 billion (€3.9 billion) bid for accounting platform BlackLine, but was rejected. The German software vendor may make a new bid. This is according to Reuters, based on sources. BlackLine provides cloud software that automates complex accounting processes for finance departments. The tools replace traditional spreadsheets and reduce errors. The company is of interest to SAP because of its existing collaboration. SAP sells BlackLine solutions to its customers, accounting for nearly 30 percent of BlackLine's annual revenue.
"I'm not going to get ahead of the two leaders who will be meeting in Korea on Thursday, but I can tell you we had a very good two days," Bessent said. "So I would expect that the threat of the 100% [tariff] has gone away, as has the threat of the immediate imposition of the Chinese initiating a worldwide export control regime."
