Category: Business
Nvidia Bets $150 Billion on Its Own Shares as AI Chip Race Intensifies
Nvidia is making its biggest-ever bet on its own stock, authorising an additional $150 billion for share buybacks as the artificial intelligence chipmaker faces growing […]
Big Tech’s $300 Billion AI Financing Strategy Comes Under Scrutiny
The artificial intelligence boom is entering a new financial phase as some of the world’s biggest technology companies back billions of dollars in financing for […]
Global Markets Under Pressure as Bond Yields Surge, Oil Eases on Trade Hopes
Global financial markets came under renewed pressure on Thursday as rising government bond yields raised concerns about inflation and future interest-rate increases, while investors watched […]
Oil Slides Below $100 as US-Iran Talks Raise Hopes of Easing Middle East Supply Shock
Oil prices extended their longest losing streak in more than a year on Wednesday, falling for a sixth consecutive session as signs of additional Middle […]
Alibaba Unleashes New AI Chip and Giant Model as China’s Tech Race Accelerates
Alibaba is dramatically expanding its artificial intelligence ambitions, announcing plans for a new AI model that could reach between 5 trillion and 10 trillion parameters […]
Vietnam Opens the Door to Global Capital With Major Emerging-Market Upgrade
Vietnam has taken a major step onto the global investment stage, with its stocks officially entering FTSE Russell’s emerging-market indexes on Monday, opening the prospect […]
China’s CXMT Enters Mass Production With New Memory Chips, Challenging Global Giants
China’s semiconductor industry has reached a significant new milestone, with memory-chip maker CXMT announcing that its fifth-generation DRAM technology platform has entered mass production — […]
SpaceX Lands $946 Million NASA Deal to Fly More Astronauts to Space Station Through 2030
SpaceX has secured a $946 million NASA contract for three additional astronaut missions to the International Space Station, extending the company’s crewed-flight operations for the […]
Asian Markets React to Fed Rate Hike as Yen Weakens and Investors Watch Bank of Japan
Asian financial markets were navigating a new interest-rate environment on Thursday as investors assessed the impact of the U.S. Federal Reserve’s first rate increase in […]
Brookfield Agrees to $2.9 Billion Takeover of Australia’s Reliance Worldwide
Global investment firm Brookfield has agreed to acquire Australian plumbing-products manufacturer Reliance Worldwide Corporation in a deal valued at about $2.9 billion, marking one of […]
