SoftBank junk bond sale tests Son's AI concentration
SoftBank Group priced an $11 billion high-yield bond in September at a record 9.75 percent coupon, the most expensive debt the conglomerate has ever i
Markets
Iambic prices $150 million IPO at $16 a share
Iambic Therapeutics raised $150 million in an initial public offering on Wednesday, selling about 9.4 million shares at $16 each to begin trading on t…
Markets · 68 stories
Berkshire's Alphabet Stake Tops $37 Billion
Berkshire Hathaway has accumulated a $37.4 billion position in Alphabet, making the Google parent its third-largest equity holding and confirming Warr
Morgan Stanley equities trading crushes estimates by $909 million
Morgan Stanley's third-quarter profit rose 6.5 percent to $4.91 billion, or $3.03 a share, on revenue that climbed 12 percent to $20.34 billion, but t
Brookfield NextEra Plan $100 Billion AI Campus on Former Nuclear Site
The Energy Department unveiled a $100 billion private-sector plan to convert a Cold War uranium plant in western Kentucky into an AI computing campus,
JPMorgan names critical minerals chief for $1.5 trillion initiative
JPMorgan Chase has put Andrew Frame in charge of critical minerals investing for the bank's $1.5 trillion Security and Resiliency Initiative, a progra
Hyundai plans $15.5 billion India investment through 2032
Hyundai Motor Group will deploy $15.5 billion in India between 2026 and 2032, doubling down on a market its executive chair calls core to emerging-mar
Berkshire adds $330 million to Bending Spoons stake
Shares of Bending Spoons surged 35% after a securities filing disclosed that Berkshire Hathaway has committed a fresh $330 million to the Italy-based
Applied Materials opens $5 billion AI chip lab in Sunnyvale
Applied Materials unveiled its $5 billion EPIC research center in Sunnyvale on Monday, a 600,000-square-foot facility built to compress the developmen
Wells Fargo profit rises on loan growth
Wells Fargo posted third-quarter net income of $5.95 billion, or $1.87 a share, up from $5.59 billion, or $1.66 a share, a year earlier, as the lender
India Glycols surges 14% on demerger listing speculation
India Glycols shares jumped nearly 14 percent intraday on the BSE on Tuesday, erasing a three-day decline as traders bet on imminent listing dates for
T-Mobile steadies after worst day since 2013
T-Mobile US shares rose 0.39 percent in overnight trading Sunday, a modest bounce after the stock recorded its steepest single-day decline since its 2
Anthropic bets $100 million on deployed AI engineers
Anthropic has committed $100 million to train engineers from other companies in deploying its Claude models, a move designed to accelerate enterprise
Amazon seller dependency outlasts account termination
Jack Nekhala still orders from Amazon two or three times a week. His daughter needs bikes, scooters, the rotating cast of childhood equipment, and the
Broadcom Deepens Anthropic Bet With $60 Billion Financing
Broadcom’s exposure to Anthropic has expanded into a $60 billion debt syndication that sits atop a $35 billion private-equity vehicle, layering senior
Bristol Myers shares reverse on mixed lung drug data
Bristol Myers Squibb reported Monday that its experimental therapy admilparant met the primary endpoint in a Phase 3 idiopathic pulmonary fibrosis tri
JPMorgan profit climbs on trading and deal fees
JPMorgan Chase posted third-quarter net income of $15.3 billion, or $5.57 a share, up from $14.4 billion, or $5.07 a share, a year earlier. The beat c
JPMorgan profit misses as fixed income trading slides
JPMorgan Chase posted third-quarter net income of $15.4bn, missing analyst expectations of $16.3bn, as a 4% year-on-year decline in fixed income tradi
Moderna shares outrun analyst targets by sixty-one percent
Moderna has climbed more than five hundred percent this year, leaving the stock sixty-one percent above the Street’s average price target and reviving
Alphabet Capex Tops Two Hundred Billion With More Coming
Alphabet is running a roughly $200 billion capital expenditure program this year and President Ruth Porat told Fortune’s Most Powerful Women Summit on
Bumble Shares Jump 52% on $1 Billion Take-Private Talks
Bumble shares rose 52 percent to $3.86 on Friday after Reuters reported the dating-app operator is in talks to go private at a valuation of roughly $1
Musk Tops Republican Midterm Donors With $276 Million Since July
Elon Musk has directed at least $276 million to Republican-aligned groups since July, according to a New York Times tally, vaulting him to the top of
Synopsys Recovers on Amazon and OpenAI Deals
Synopsys shares have surged more than 30% from a September low, erasing a year-to-date loss that had exceeded 20%, after the electronic-design-automat
Chip bears pile into SMH puts as Micron synthetic short emerges
Bears added to semiconductor shorts on Friday with a ferocity not seen since August, driving put volume in the SMH ETF to 180,000 contracts against 50
Domestic Box Office Hits $8 Billion in Record Time
The North American box office crossed $8 billion on Friday, reaching the milestone in 282 days, the same pace as 2011 and 59 days faster than last yea
Ark Invest Trims SpaceX Stake After June Listing
Cathie Wood’s Ark Invest sold 54,873 shares of SpaceX from its Next Generation Technology ETF on October 6, the first reduction since the company’s Ju
Palantir's rally forces Wall Street into awkward chase
Shares of Palantir Technologies have climbed roughly 60 percent since August, leaving the stock within striking distance of its 52-week high and the a
White House unveils $6 billion quantum and AI science push
The Trump administration laid out more than $6 billion in federal science spending on Thursday, headlined by a $215 million Energy Department competit
Treasury auctions clear at highest yields since early 2000s
The US Treasury sold $728 billion of securities across eight auctions this week, with the three coupon sales, three-year notes, 10-year notes and 30-y
SpaceX spectrum deal pressures telecom shares
SpaceX agreed Thursday to buy a nationwide spectrum portfolio from Grain Management, a move that sent shares of AT&T, Verizon and T-Mobile lower in af
Asian Refiners Abandon US Crude as Tanker Rates Hit $82 Million
Asian refiners have stopped buying US Gulf Coast crude because the cost of shipping it has surged to levels that erase the arbitrage, cutting off a su
HUD Probes Wells Fargo Mortgage Lending Over Race-Based Commitments
The Department of Housing and Urban Development has opened a Fair Housing Act investigation into Wells Fargo, targeting the bank's decade-long pledges
Alphabet unveils Gemini agent as enterprise AI battle intensifies
Alphabet shares edged higher Thursday after the company introduced its most ambitious artificial intelligence product yet, a universal agent designed
GlobalFoundries to supply TSMC interposers in $2bn deal
GlobalFoundries and TSMC have signed a five-year, $2 billion agreement under which GlobalFoundries will manufacture silicon interposers for TSMC's CoW
SpaceX insider unlock adds $51 billion of potential supply
SpaceX's staggered lockup schedule reached its latest milestone on October 9, releasing roughly 319 million early-release-eligible insider shares with
OCC fines Amex $350 million for compliance failures
Federal regulators penalized American Express $350 million on Tuesday for systemic anti-money laundering breakdowns, one of the largest enforcement ac
Canada launches $2 billion heat pump rebate program
The federal government unveiled a $2 billion, eight-year rebate scheme on Thursday that aims to put electric cold-climate air-source heat pumps in up
Marvell Lifts 2028 Revenue Target on AI Demand
Marvell Technology raised its 2028 revenue forecast, citing strong AI data center demand, and the market responded by pushing shares up nearly 9 perce
G7 Accelerates Oil Stock Release as Markets Shrug
The Group of Seven nations agreed Friday to speed up the release of 100 million barrels from emergency petroleum reserves, a move orchestrated after U
PepsiCo shares rise on deep-value thesis
PepsiCo shares rose 2.95% to $127.38 Tuesday as investors weighed a deep-value case built on a 4.65% dividend yield and a 40% discount to historical v
Trade deficit hits post-Liberation Day high
The U.S. trade deficit widened 13.7 percent to $105.6 billion in August, the largest monthly gap since March 2025 and a direct contradiction of the ta
Anduril Navy deal reaches $6.6 billion for submarine shipyard
Anduril is committing $3.7 billion of its own capital to build a Baltimore County shipyard for Virginia-class submarine components, and the Navy is at
Trump unveils $15 billion Iowa steel mill plan
President Donald Trump on September 28 announced that Mesabi Metallics, a Minnesota-based steelmaker backed by India’s Essar Group, will invest $15 bi
Paramount Skydance closes Warner Bros. Discovery deal
The combined entity will trade as Skydance under the ticker SKYD and control nearly one-third of basic cable programming in the United States. The clo
Apollo leads $40bn SpaceX GPU financing talks
Apollo Capital Management is leading discussions with a group of banks to structure a $40 billion debt package that would fund SpaceX’s purchase of Nv
DraftKings bets on prediction markets to escape seasonal slump
DraftKings shares traded at $19.00 on Monday, down 3.8 percent on the session and hovering just above a 52-week low of $18.52, after the company rolle
Trade deficit swells to $105.6 billion on AI-driven import surge
The U.S. trade gap widened to $105.6 billion in August, the largest monthly shortfall since March 2025, as imports climbed 4.3 percent on a flood of e
Apollo Enters Uniper Bidding as Berlin Seeks Exit
Apollo Global Management has thrown its hat into the ring for Uniper, submitting a non-binding offer that values Germany's largest gas importer at rou
SpaceX Seeks Forty Billion for Nvidia Chips as AI Debt Boom Accelerates
Space Exploration Technologies is reportedly lining up forty billion dollars in debt to buy Nvidia semiconductors, a financing package that would rank
Four Manufacturers Commit Billions to New US Plants
Caterpillar, Ultium Cells, Genentech and Avio USA disclosed a combined $3.25 billion in factory spending last week, a cluster of announcements that un
The Voice Season 30 Premiere Hits 7.8 Million Viewers
NBC's *The Voice* Season 30 premiere drew 7.8 million viewers in its first seven days, a 5 percent increase over the Season 28 launch last fall and th
Google Finland Data Center Faces Probe Over Forest Clearing
Google's 13-billion-euro Finnish expansion is under investigation after its local operator, Tuike Finland, cleared roughly 300 hectares of forest near
Deutsche Bank sees silver surplus emerging in 2027
Deutsche Bank says the silver market's acute shortage has given way to a building surplus that could take hold as early as next year, with the bank's
Adobe Buyback Authorization Covers Quarter of Market Cap
Adobe has $24.55 billion remaining on a $25 billion share repurchase authorization approved in April, an amount equal to roughly 26 percent of the com
Alphabet posts first-ever negative free cash flow as AI capex surges
Alphabet reported negative free cash flow of $5.9 billion in the second quarter ended June 30, the first time the metric has turned negative in the co
Axis Bank advances surge 23% on FCNR boost
Axis Bank reported a 23% year-on-year jump in gross advances to Rs 13.85 lakh crore for the September quarter, but the headline figure masks a quieter
AMD hits trillion-dollar market cap as valuation gap with Nvidia widens
AMD crossed the $1 trillion market-capitalization threshold this week after a near-200% year-to-date rally that made it the ninth-best performer in th
NVIDIA Hits Record High With $10 Trillion Valuation in Sight
NVIDIA shares rose 2.45% to $239.69 in early October, notching a fresh all-time high and breaking out of a trading range that had contained the stock
Nvidia rebounds toward $6 trillion after record buyback
Nvidia shares climbed 1.3 percent to $233.95 on Friday, after an intraday peak of $237.88 briefly set a new record. The move extends a recovery that h
G7 agrees 100 million barrel release after Trump export threat
The G7 agreed Friday to release 100 million barrels of crude and diesel over four months, a coordinated move that headed off a US threat to ban diesel
Amazon warns local opposition imperils AI infrastructure buildout
Amazon Web Services chief Matt Garman used a 3,000-word blog post on October 2 to frame community resistance to data centers as a threat to U.S. econo
Buffett's First Tax Bill Was Seven Dollars Now Berkshire Pays Billions
Warren Buffett's first federal tax bill came to $7. The return, filed in 1944 when he was 14, showed $592.50 of income from a Washington, D.C. paper r
Novartis pays $7.8 billion for Abogen mRNA asset
Novartis agreed to pay up to $7.8 billion for global rights to an early-stage mRNA therapy from China's Abogen Biosciences, the latest and largest in
EU EV sales hit 1.64 million in record January-August
European electric vehicle sales reached 1.64 million in the first eight months of 2026, a 45% jump from the same period last year, as carmakers flood
Indian brokers corner fifth of commercial paper market
Stock brokers have seized roughly one-fifth of India’s commercial paper market this year, raising about 3.2 trillion rupees ($33 billion) to feed a ma
Cerebras shares crater on OpenAI hardware shift and insider unlocks
Cerebras Systems tumbled nearly 20 percent this week to a post-IPO low of $166.43, cutting its market value to just over $39 billion from the $95 bill
Costco Gains Grocery Share While Rivals Chase Promotions
Costco’s grocery market share reached 8.3% at the end of June, up from 7.9% a year earlier and 7.6% in mid-2024, while the club retailer’s fresh compa
Four Manufacturers Commit $3.25 Billion in New US Facilities
Four manufacturers announced roughly $3.25 billion in new US factory investments this week, a cluster of commitments spanning construction equipment,