The news. The narrative. The timeline.
Bureau: San Francisco
Two supermajors print the war quarter and the integrated model converts $126 Brent into a buyback while the partly integrated model marks the curtailments to market.
Microsoft's CFO finally gives the OpenAI carve-out the FQ3 print withheld and the answer turns the 99% backlog headline into a 26% number.
Edelson's seven complaints turn wrongful-death tort into a structural one — a twelve-engineer safety team, a June 2025 flag, and a court-ordered overhaul as relief.
The world's largest hardware company just told the market that memory inflation will cap how many Macs it can ship and bend its top line up at the same time.
Yesterday this paper said the Meta buyback line went silent — today it has an explanation and a $25 billion bond raise to match.
Caterpillar trimmed its full-year tariff guide and then told the buy-side that the two-percent price action will not cover the bill — volume and AI data centers will.
The record backlog is the headline; the negative free-cash-flow quarter at peak deliveries is the story.
Cerebras pushed its IPO window from late April to mid-May with the same OpenAI on the prospectus as customer, lender, and shareholder — and now also as defendant in California and target in Florida.