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Utah & U.S. Business & Finance News
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Boeing deliveries tick up to 57 jets in September
Dan Catchpole, Reuters | Updated Oct. 13 - 11:19 a.m. | Save Story
Boeing said on Tuesday it delivered 57 jets in September, up from 51 in August and 55 a year earlier as the US plane maker works to ramp up production of its best-selling 737 MAX narrow-body.
Bumble swipes right on $1.3 billion go-private deal amid online dating industry reset
Harshita Mary Varghese and Jaspreet Singh, Reuters | Posted Oct. 13 - 10:34 a.m. | Save Story
Bumble said on Tuesday it had agreed to be taken private by Ithaca Holdings in a deal valued at $1.3 billion, as the dating app pushes forward with its months-long turnaround amid shifting Gen Z dating habits and declining paying users.
Bumble swipes right on $1.3 billion go-private deal amid online dating industry reset
Harshita Mary Varghese, Reuters | Updated Oct. 13 - 10:16 a.m. | Save Story
Bumble is set to go private in a $1.3 billion deal with Ithaca Holdings after struggling for years to revive growth, as a prolonged decline in users and shifting Gen Z dating habits batter the online dating industry.
Hedge funds are a top draw in Asia as investors look beyond bonds
Summer Zhen and Tom Westbrook, Reuters | Updated Oct. 13 - 10:13 a.m. | Save Story
Hedge funds are drawing in new fans and a rush of capital from Asia, as pensions, family offices and other investors look to alternative managers to help them navigate volatile debt markets and wobbly equities.
JPMorgan posts rare profit miss as dealmaking, bond trading lose momentum
Manya Saini and Nupur Anand, Reuters | Updated Oct. 13 - 10:12 a.m. | Save Story
JPMorgan Chase fell short of quarterly profit estimates for the first time in nearly three years as market volatility and an uncertain economic outlook dampened dealmaking and reduced bond market trading activity in recent months.
US grocer Albertsons pulls annual outlook, accelerates turnaround efforts
Sanskriti Shekhar, Reuters | Updated Oct. 13 - 9:45 a.m. | Save Story
Albertsons withdrew its fiscal 2026 forecasts on Tuesday and launched a review of its business aimed at cutting costs, lowering prices and reversing sluggish sales.
AI models may soon self-replicate across smart-home devices, Anthropic warns
Reuters | Updated Oct. 13 - 9:42 a.m. | Save Story
Anthropic said on Monday that small AI models could be months away from self-replicating across internet-connected devices, raising the possibility of AI botnets spreading quickly, fighting takedown attempts and even breaking into data centers to turbocharge their growth.
Wells Fargo beats profit estimates, but net interest income, revenue fall short
Utkarsh Shetti and Nivedita Balu, Reuters | Updated Oct. 13 - 9:38 a.m. | Save Story
Wells Fargo beat Wall Street estimates for third-quarter profit on Tuesday, but lower-than-expected net interest income and revenue sent the fourth-largest US lender's shares lower.
European luxury's $350 billion blowout
Alessandro Parodi, Tassilo Hummel and Samuel Indyk, Reuters | Updated Oct. 13 - 7:13 a.m. | Save Story
European luxury firms have seen some $350 billion in value knocked off their combined market capitalizations this year, as hopes of a sector rebound have faded and weakness in key growth engine China has persisted.
Ogden starts upgrades along 25th Street commercial sector, prompting a mix of responses
Tim Vandenack, KSL | Posted Oct. 13 - 6:59 a.m. | Save Story
Ogden started a series of improvements along a commercial segment of 25th Street, the focus of ongoing upgrades, generating a mix of responses from merchants.
Soccer-Netflix secures rights to air 2030 World Cup in Spain, Andorra
David Latona, Reuters | Updated Oct. 13 - 6:54 a.m. | Save Story
Netflix said on Tuesday it had secured the rights to broadcast the 2030 World Cup in Spain, which is co-hosting the tournament, and Andorra.
Character.AI files for bankruptcy, to sell some assets to Disney for $20 million
Reuters | Updated Oct. 13 - 6:43 a.m. | Save Story
Chatbot platform Character.AI said on Monday it has filed for bankruptcy in the US and has agreed to sell some assets for $20 million to Walt Disney.
Scaleway to build AMD-powered AI supercomputer in Sweden
Leo Marchandon, Reuters | Updated Oct. 13 - 5:07 a.m. | Save Story
Scaleway will build an AI supercomputer in Sweden, its first outside France, running on AI chips from AMD, the French cloud company said on Tuesday during its annual AI conference in Paris.
Explainer-Could hackers get inside my fridge?
Hugo Lhomedet and Leo Marchandon, Reuters | Updated Oct. 13 - 4:36 a.m. | Save Story
Hackers who sabotaged refrigeration systems at hundreds of French supermarkets exploited the growing connectivity of equipment that was once largely mechanical.
Japan's Omron to buy US industrial PC firm Onlogic for $675 million in physical AI push
Reuters | Updated Oct. 13 - 4:04 a.m. | Save Story
Japanese manufacturer Omron will buy US industrial PC firm Onlogic and its parent company, Interlogic, for $675 million, the company said on Tuesday.
BMW deliveries fall 6.3% in third quarter as China sales slump
Reuters | Posted Oct. 13 - 3:01 a.m. | Save Story
BMW reported on Tuesday a year-on-year 6.3% decline in global vehicle deliveries in the third quarter, as sales in China fell by a quarter.
Stellantis Q3 shipments fall 1%, weighed down by North America production halt
Reuters | Posted Oct. 13 - 12:37 a.m. | Save Story
Franco-Italian automaker Stellantis said on Tuesday its global third-quarter shipments fell 1% from a year ago to an estimated 1.3 million vehicles, hit by a summer production shutdown in North America.
Europe's carmakers turn back time to rival Chinese EVs
Gilles Guillaume and Rachel More, Reuters | Posted Oct. 12 - 11:01 p.m. | Save Story
As Chinese electric vehicle makers challenge Europe's auto industry with cheaper cars and increasingly sophisticated technology, established automakers are fighting back with one asset their rivals lack: history.
