Business news, with the numbers in view — page 3

Reporting on AI and superintelligence, crypto, tech, markets, companies, startups and the economy. Latest story November 12, 2026.

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November 2026

Companies
Blackstone's real estate partners once got up to $15 million in carry. Now nearly a third have walked out
Weak fund returns have choked off carried interest at the world's biggest property investor, the WSJ reports. Blackstone says its senior partner count is unchanged.
Nov 10, 2026By Patrick Karsh
AI
Anthropic lost $104 billion in nine months. Now it wants public investors to value it at $1.4 trillion
The Claude maker set its IPO range at $70 to $78 a share after a Nasdaq rout cut its target from $2 trillion. Seven co-founders stand to sell about $250 million each.
Nov 10, 2026By Patrick Karsh
Companies
IBM tells visa holders in its 150,000-person consulting arm: move abroad or leave by year-end
IBM is ending visa and green card sponsorship for most IBM Consulting roles, weeks after Washington suspended Microsoft and big Indian outsourcers from a green card program.
Nov 10, 2026By Patrick Karsh
Companies
Boeing, PepsiCo, Canva and Qualcomm cut thousands of jobs in one week, right before the holidays
Boeing says it is overstaffed, PepsiCo says it is too complex, Canva blames AI costs and Qualcomm says performance. US layoffs overall just hit a three-year October low.
Nov 10, 2026By Patrick Karsh
Companies
Qantas ships 850 Australian office jobs to India via Accenture, and its union says it was promised otherwise
The airline says a multi-year Accenture deal will fix 1,000-plus legacy apps and speed up AI. The union says staff were told no jobs would go offshore; Qantas denies it.
Nov 10, 2026By Patrick Karsh

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Business news, with the numbers in view — page 3

November 2026

Blackstone's real estate partners once got up to $15 million in carry. Now nearly a third have walked out

Anthropic lost $104 billion in nine months. Now it wants public investors to value it at $1.4 trillion

IBM tells visa holders in its 150,000-person consulting arm: move abroad or leave by year-end

Boeing, PepsiCo, Canva and Qualcomm cut thousands of jobs in one week, right before the holidays

Qantas ships 850 Australian office jobs to India via Accenture, and its union says it was promised otherwise

Jim Cramer drops his 'own it, don't trade it' rule on Nvidia and says plan for a 'Jensen-less' company

Square finished its bitcoin rollout to US sellers. New York is shut out, and free processing ends in 51 days

OpenAI lost $10.9 billion on $10 billion in sales last quarter. Anthropic lost $567 million on $17 billion

Washington was warned about Jensen Huang and an alleged Chinese spy over a year ago. Here's the full timeline

Mercor spends 3 times more on AI than on staff pay. Investors just doubled its value to $20 billion