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The Marked Chart Wire · Business
GE Vernova
GE Vernova reported Q3 revenue of $12.6 billion and raised its full-year outlook, citing a 96 percent surge in orders. The company also announced a $9 billion acquisition of Trench Group and doubled its share buyback authorization to $20 billion.
Part of a series: GE Vernova stock falls then rises on strong results
Prices from Live · updated 12:03 PM ET. Each tile opens the stock's chart and news.
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GE Vernova
GE Vernova posted higher third-quarter earnings and sales, driven by strong performance in its power and electrification divisions. The firm also increased its full-year guidance and expanded its stock repurchase program.
Quantum Computing
The companies will use quantum computing to study high-temperature superconductivity, aiming to develop smaller and more efficient electrical grid components.
Amazon
Amazon is eliminating up to 250 positions in its devices and services unit to boost efficiency. This follows the removal of about 1,000 retail jobs earlier this month, ahead of the company's Q3 earnings release.
Robinhood
Bernstein reiterated its Outperform rating on Robinhood, setting a $160 price target that implies roughly 69 percent upside. Analyst Gautam Chhugani cited growth in prediction markets and crypto infrastructure as key drivers for the next 12 to 18 months.
Musk Acquisition
Paradigm analysts view Viacom as having high potential for acquisition by Elon Musk, citing ongoing spectrum speculation.
Alexa
Amazon introduced a new lineup of smart home products, including an updated Echo Dot with a built-in Wi-Fi extender and a 16-inch Echo Show. The devices feature enhanced AI capabilities and are priced between $99.99 and $569.99.
Fast headlines, summarized. Not verified and not advice. Check the full story before you act.