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Cranberry Journal

Friday, October 23, 2026

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Markets
  • S&P 5007,623.68−0.52%
  • Nasdaq25,955.34−0.21%
  • Dow52,215.16−1.24%
  • 10-yr yield4.99%+0.71%
  • Crude$103.44+3.99%
At the close · Oct 23

Amazon

Tagged stories

A bundle of optical fibres carrying blue light, their cut ends glowing against a dark background.
Technology

3M Gave Amazon a Warrant for 3.16 Million Shares at $164.89. Most of It Vests Only After Amazon Pays 3M $6 Billion for Data Center Gear.

3M disclosed on 19 October that it issued a warrant to a wholly owned Amazon subsidiary for up to 3,162,015 shares at $164.89 each, exercisable over seven years. Eighty-five per cent of it vests as Amazon pays for optical connectivity and other data center products, fully at $6 billion of cumulative payments. 3M has not described the milestones for the rest, or how it will account for the warrant.

By Alison Acosta  

Long rows of server racks under strip lighting in a large computer hall.
AI

Anthropic Told Investors Quarterly Revenue Hit $16.8 Billion, Reuters and the FT Report. The Dollar Gain Was Smaller Than the Quarter Before.

Anthropic told prospective investors on Wednesday 14 October that third-quarter revenue was $16.8 billion, up 45 per cent from the second quarter, and that it was profitable on an adjusted basis, according to Reuters and the Financial Times. The company has not published the figures, and Reuters says its stock-market debut is likely to come after the 3 November midterm elections.

By Alison Acosta