Business — Page 115

Third-quarter premiums rose 14.7% to $165.0 million, while the combined ratio improved to 84.7% from 88.7% a year earlier.

Net sales grew 3% to SEK 2.603 billion, while organic sales fell in North America and the rest of the world.

AI token spending was nearly flat in August and September, while the top 1% of firms accounted for about 80% of observed spending on Anthropic and OpenAI in a tracked sample.

Aerodrome and Velodrome are combining under Aero, which is already active across seven chains.

Lam’s preliminary forecast puts 2027 wafer-fab equipment spending above $200 billion. DRAM is expected to lead demand growth, with NAND use also increasing.

The project includes about 470 miles of new pipeline, and Kinder Morgan expects its cost share to be $3.1 billion.

Tesla held 11,509 BTC at quarter-end. SpaceX listed $1.573 billion in digital assets but gave no updated Bitcoin unit count.

The proposed investment would expand South Korea’s AI and automotive component supply chain.

LSEG expects the deal to generate more than $300 million in revenue in 2026 and be earnings neutral in its first year.

The per-share loss was SEK 0.59, and the company expects cost and organizational measures to lower its annual cost base by about SEK 50 million in 2027.

Revenue reached $17.1 billion, up 5% year over year. IBM raised its free cash flow growth expectation to more than $1 billion year over year.

Third-quarter revenue rose 31.6% year over year to $235.468 million, while gross margin reached 52.8%.

PENGU became available on SoFi Crypto on Oct. 1. SoFi’s 15,814,418-member count is dated June 30.

The dividend is payable Jan. 4, 2027, to shareholders of record Dec. 18. The company also reported 4,388,274 shares outstanding as of Sept. 30, 2026.

Its market capitalization is roughly half the company's June peak.

Revenue rose 12% from Q2 but fell 10% year over year; net profit reached 755.6 billion won.

Its quarterly figures also show higher spot and options activity, while ETF trading volume approached 60 billion USDT.

Since Oct. 14, the London-listed company sold 1,076,000 ordinary shares and 25 preferred shares through its at-the-market facilities.

The companies have formed special committees, and Musk says he will not take part in discussions. Potential structures include a SpaceX acquisition of Tesla or a new holding company.

Investors include Notion Capital, Firstminute Capital and Redalpine. Yann LeCun and Mistral co-founder Arthur Mensch also backed the company.

Net sales climbed 10% to €5.154 billion, but reported operating profit fell 22% to €196 million.

Strategy’s 848,517 BTC reserve was valued $5.11 billion above its acquisition cost on an Oct. 21 mark; Metaplanet’s Sept. 30 reference price was below its average cost.

Customers can use one API through the bank’s core platform in a limited number of states. The ledger also supports custody, tokenized fund shares and software payments.

The corrected total for the first nine months of 2026 was up $600 million from a year earlier.

The position covers banks, asset managers, securities firms and financial infrastructure providers, and calls for five to seven years of traditional finance experience.

The cuts began this week at major offices, including Shanghai, while the company’s worldwide plan targets about 9% of its workforce.

A Kenyan drought-aid partnership uses RLUSD, satellite readings and smart contracts to trigger payments through M-Pesa.

The Indiana-based financial holding company posted $67.847 million in income available to common stockholders and GAAP diluted EPS of $1.09.

CATL and Tencent were among the largest investors. DeepSeek has not publicly announced the financing.

The four tranches mature between 2029 and 2036. Workday expects the offering to close Oct. 23, subject to customary conditions.

A reported timeline targets an announcement in the first half of 2027 and a close during President Donald Trump’s administration. The companies’ committees have not agreed on terms.

ASUS and GIGABYTE board shipments rebounded by nearly double digits in the third quarter, but consumer motherboard shipments are still projected to fall about 30% this year.

The plans include a 2.5-fold substrate target and optical-engine capacity growth to about 30 times current levels by the end of 2028.

The memorandum limits minting and redemption on Injective to approved institutional partners and makes both actions subject to regulatory approval.

Substrate capacity is expected to reach 2.5 times its current level over three years, while CoWoS-R advanced-packaging capacity is expected to triple.

Tesla is increasing production as demand exceeds its capacity. Musk said EU-wide approval may come within months but could extend into the first quarter of 2027.

Fractional purchases start at $5 after additional onboarding. XRPN shares represent ownership in Evernorth, not direct ownership of XRP.

Trading ends at 9 a.m. ET (13:00 UTC) Oct. 27; ACX left on the exchange will be converted to euros by Nov. 5.

Bank deposits could pay interest during a 2022–2025 high-rate period when stablecoins generally did not. Earlier analysis linked deposit pricing to a 2.8-percentage-point decline in stablecoin growth over 10 weeks.

Texas Capital forecasts fourth-quarter 2026 noninterest expenses of $205 million to $210 million as it increases investment in frontline staff.