Global Financial Headlines: Apple's Q3 Revenue Beats Expectations, Netflix Announces Stock Split, NVIDIA Invests in AI Startup, and Government Shutdown Pressures Airlines

Deep News
Oct 31

1. **Government Shutdown Strains Airlines; United and American Airlines CEOs to Meet with VP Vance** U.S. Vice President JD Vance will host a roundtable discussion with airline executives to address the impact of the government shutdown. Attendees include United Airlines CEO Scott Kirby, American Airlines CEO Robert Isom, Transportation Secretary Sean Duffy, and former New Hampshire Governor Chris Sununu, now CEO of Airlines for America.

2. **Apple Reports Q3 Revenue of $102.47 Billion, Up 8% YoY** Apple announced fiscal Q4 2025 revenue of $102.47 billion, an 8% increase year-over-year, slightly exceeding expectations of $102.24 billion. Earnings per share stood at $1.85, with net income reaching $27.47 billion. CEO Tim Cook highlighted record iPhone and services revenue for the September quarter.

3. **Meta’s Bond Offering Attracts $125 Billion in Orders, Setting Record** Meta Platforms received approximately $125 billion in orders for its latest corporate bond issuance, the highest ever for such a transaction. The offering, expected to raise at least $25 billion, surpassed the previous record set by CVS Health in 2018.

4. **Netflix Announces 10-for-1 Stock Split; Shares Rise After Hours** Netflix revealed plans for a 10-for-1 stock split, effective November 17. The move aims to make shares more accessible to employees. The stock rose over 2% post-announcement, closing at $1,089 on Thursday, up 42% year-to-date.

5. **NVIDIA Plans Up to $1 Billion Investment in AI Startup Poolside** NVIDIA is in talks to invest up to $1 billion in AI startup Poolside, potentially quadrupling its valuation to $12 billion. The deal could start at $500 million, scaling up if Poolside meets fundraising targets. Existing investors have already committed over $1 billion in the latest funding round.

6. **VP Vance Warns of Holiday Travel "Disaster" if Shutdown Persists** Vice President Vance cautioned that a prolonged government shutdown could disrupt travel during the busy Thanksgiving season. His remarks followed a White House meeting with airline executives, including United’s Kirby and American’s Isom.

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