Stocks

Jio Platforms, backed by Reliance Industries, is preparing to launch India's largest-ever IPO, with the top of its price band set at ₹1,119 per share and an entirely fresh-issue structure. Meta holds a 10% stake through Jaadhu Holdings, while Google holds 7.73%, both stemming from early investments made in 2020. At the upper end of the price band, the two holdings would show combined paper gains of nearly ₹1 lakh crore, a return of about 129%.

KFC is replacing Pepsi with Coca-Cola at 3,700 US restaurants in 2027, ending a nearly 40-year partnership. Here's what customers need to know.

CoreWeave's heavy debt load and a sharp drop in its shares have pushed investors to reassess the financial sustainability of the artificial intelligence sector. The company carries about $50 billion in debt and has raised its annual capital spending forecast to between $35 billion and $39 billion. Analysts expect 2026 revenue of nearly $13 billion alongside a loss of more than $2.13 billion, while yields on some of its bonds have climbed towards 16%. The strain has spread to Anthropic and OpenAI, with Anthropic's valuation expectation cut to $1.5 trillion from about $2 trillion.

ASML expects demand for AI chipmaking equipment to outpace supply through 2028, even as it plans to lift annual EUV production above 110 machines. The outlook is driven largely by strong demand for AI chip equipment from companies such as Nvidia and TSMC.

Netflix shares fell 2.4% in premarket trading. The drop followed the replacement of the company's content chief and the elimination of 1,000 jobs. The changes came ahead of the company's third-quarter earnings release.

HOUSTON, Oct. 16, 2026 (GLOBE NEWSWIRE) -- Moleculin Biotech, Inc., (Nasdaq: MBRX) ('Moleculin” or the 'Company”), today announced that it filed an amendment to its amended and restated certificate of incorporation with the Secretary of State of the State of Delaware to effect a 1-for-20 reverse stock split of its common stock. The reverse stock split will take effect at 12:01 am (Eastern Time) on October 20, 2026, and the Company’s common stock will open for trading on The Nasdaq Capital Market

NEW YORK (AP) — NEW YORK (AP) — The Travelers Cos. (TRV) on Friday reported third-quarter net income of $1.92 billion. The New York-based company said it had pr

The shares have already had a great year. Now investors are asking whether earnings can keep carrying the load.

Tesla unveiled its long-awaited Roadster on Thursday during a jaw-dropping event in which the vehicle used compressed-air thrusters to fly off a ramp and perform a midair flip.