| AMD forecast fourth-quarter revenue above market estimates, betting on the multibillion-dollar expansions of data center infrastructure to boost demand for its artificial intelligence chips. The company expects revenue of about $9.6 billion for the quarter. |
Alphabet is tapping the U.S. dollar and euro debt markets in a multi-tranche senior unsecured notes offering. The digital media and tech giant will use the proceeds from the note sale for general corporate purposes, including the potential repayment of a portion of its outstanding debt.
| The dollar rose to a 3-month high against the euro, extending its gains from last week on doubts about the outlook for another Fed rate cut this year. The Federal Reserve lowered interest rates by 25 basis points last week, but Chair Jerome Powell signalled that may be the last cut this year. |
TON Strategy has been reprimanded by Nasdaq over rule violations related to its Toncoin purchases. Nasdaq has issued TON Strategy a letter of reprimand in connection with its $272.7 million Toncoin purchase.
Chinese automaker BYD said its October sales dropped 12% from the same month a year earlier. BYD reported a nearly 33% drop in third-quarter profit on Thursday. Revenue was down 3% for the quarter, the first such decline in more than five years.
Eight OPEC+ countries on Sunday agreed to raise oil output in December by 137,000 barrels per day and then to pause the output hikes for the first quarter of 2026, OPEC+ said in a statement.
