Business — Page 116

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

Investors are weighing a $1.5 trillion IPO valuation, while over-the-counter contracts put Anthropic at $1.957 trillion.

IBM posted $17.1 billion in third-quarter revenue and adjusted earnings per share of $2.95. Free cash flow reached a record $8.0 billion through the first nine months.

The cap applies to some users as CFO Jeremy Barnum calls an earlier $700 million annual AI expense estimate rough and stale.

The contracts also cover MSCI, Hilton and AbbVie, settle in USDT and offer up to 20x leverage.

The Hangzhou-based company plans to use the capital to compete with U.S. firms including Anthropic and OpenAI.

The preliminary result included a $3.5 million pretax noncash adjustment that the company expects to recover through interest income over the swaps’ remaining lives.

The action involved 11 union officials at the company gate and was not a stoppage by the full membership. The dispute centers on profit sharing and a one-time fiscal 2026 bonus.

Net sales climbed 12.5% to $2.60 billion, while adjusted EPS reached $3.04, 13 cents above company guidance.

Annual revenue rose 108% to C$28.82 million, while contractual backlog reached C$25.6 million at July 31.

Sean Kelley suggested reassessing how stablecoins are evaluated; the discussion mentioned Frax and Gea.

Revenue was nearly flat year over year and adjusted earnings beat estimates, while GAAP net income fell 43% to $787 million.

Sequoia Capital and Shopify Ventures jointly led the round. Whop’s valuation is more than triple the $1.6 billion level tied to Tether’s investment in February.

The trust will pay shareholders of record Oct. 30 on Nov. 30. The amount matches its second-quarter 2026 dividend.

Microsoft had about 223,000 full-time employees on June 30, including 121,000 in the United States and 102,000 abroad. The count excludes about 4,800 job cuts in July.

The payment is due Dec. 2 to shareholders of record Nov. 11, matching the third-quarter rate.

The new rate is up from $0.165 per share. Shareholders of record Nov. 4 are scheduled to receive payment Nov. 11.

The long-term partners aim to broaden the Sonic ecosystem’s reach and user participation on the partner’s network.

The quarter-end total reflects the annualized value of active subscriptions, not revenue collected during Q3.

Users can delegate online purchases, but each purchase requires approval before Claude pays with a virtual card.

The company also increased its site rental revenue and adjusted funds from operations outlooks after third-quarter AFFO rose 8% year over year.

The announced integration will bring Arkham’s labels, alerts and transaction tracing tools to the permissionless Ethereum Layer 2 built with Arbitrum technology.

In a survey of more than 600 active Robinhood users, 84% said they would use mostly or entirely new funds to trade the contracts.

The issuer also offers STRCx and MSTRx tokenized assets on Ethereum.

The bank also lifted its deposit growth range to 4% to 5%, while keeping its 2026 net interest margin forecast at 3.40% to 3.50%.

Kinder Morgan’s share of the cost is about $1.6 billion. The project is designed to carry 2.8 billion cubic feet of gas daily and begin service in 2030.

SAP expects 2026 cloud and cloud-and-software revenue near the upper ends of their existing ranges, while keeping its operating-profit outlook unchanged.

Securitize handles tokenization of the Treasury fund, whose shares can move only between pre-approved investors. BUIDL had $2.202 billion in distributed value in an Oct. 9 snapshot.

The outlook calls for diluted EPS of $6.40 to $6.70 and full-year gross margin of 54% to 55.5%, compared with 55.3% in fiscal 2026.

The company is evaluating expansion opportunities and recording customer requests, without naming additions or a timetable.

He can sell up to 20% immediately; his eight-year residence commitment applies while he meets full-time service terms, unless material unforeseen circumstances make a move advisable.

The 2027 estimate compares with a $18 billion to $19 billion loss outlook for Reality Labs in 2026. Meta expects total expenses of $175 billion to $179 billion this year.

D’Agostino called the figure growing and said Binance was doing “multiples” of Coinbase’s amount, though he did not identify Binance’s measure.

Tesla expects a small initial rollout as it builds experience with delivery, ownership and fleet management.

The OPAIPon note offers tokenized exposure tied to OpenAI and trades on Ondo Perps around the clock.

The timeline separates a first-half 2027 agreement target from a closing deadline before President Donald Trump’s term ends.

Pathward first set the range July 22. CEO Brett Pharr announced the H&R Block contract renewal during the Oct. 21 earnings call.

The proposed integration is intended to finish before President Trump’s term ends.

The strategy included staking, an onchain yield fund and investments in Ethereum ecosystem teams. A separate $400 million figure covers deployment through Ether.fi and Lido.

The potential proceeds are not earmarked for XRP purchases, and Evernorth retains discretion over their use.