(Reuters) -Social media giant Meta Platforms will raise money through bond offerings worth up to $30 billion, it said in a filing on Thursday, as Big Tech rushes to fund the costly expansion of artificial intelligence infrastructure. Meta has flagged that its capital expenditure next year would be “notably larger” than in 2025, while investors …
(This story has been republished to change the image, with no changes to text) (Reuters) -Motorola Solutions beat third-quarter profit estimate and forecast current-quarter revenue growth above expectations on Thursday, driven by steady demand for its security products and critical communications equipment from government agencies. The company has benefited from consistent spending by public safety …
Motorola Solutions forecasts fourth-quarter revenue above estimates on steady demand Read More »
(Reuters) -Intel is in talks to acquire artificial intelligence processor maker SambaNova, which has been working with bankers to gauge interest from potential suitors, Bloomberg News reported on Thursday, citing people familiar with the matter. Any deal would likely value SambaNova at below the $5 billion it fetched in a 2021 funding round, and deliberations …
Intel in talks to acquire AI chip startup SambaNova, Bloomberg News reports Read More »
By Jonathan Stempel NEW YORK (Reuters) -Bob Mackie, the fashion designer and costumer who has outfitted celebrities like Cher, Carol Burnett, Elton John and Taylor Swift, has sued JCPenney for allegedly using his name, signature and likeness without permission to sell apparel. In a complaint filed on Wednesday night in Manhattan federal court, the 85-year-old …
Fashion designer Bob Mackie sues JCPenney over ‘Mackie’ apparel line Read More »
By Manya Saini (Reuters) -Navan’s shares started trading 12% below their initial public offering price on Thursday, as the travel technology company faced choppy market conditions amid a prolonged U.S. government shutdown. Momentum in the U.S. IPO market, which had picked up pace in the second half of the year after a years-long lull, stalled …
Navan slips in Nasdaq debut as US government shutdown tests IPO market Read More »
(Reuters) -Biogen beat Wall Street estimates for third-quarter profit, helped by better-than-expected sales of some of its multiple sclerosis treatments. The company, however, cut its annual profit forecast as it expects to take a hit of $1.25 per share from research and development charges related to certain acquisitions in the fourth quarter. Biogen said it …
Biogen tops quarterly profit estimates, eyes deals to build early-stage pipeline Read More »
By Nupur Anand NEW YORK (Reuters) -JPMorgan Chase has appointed former Rothschild executive Eric Hirschfield as the vice chair for its diversified industries business, according to a memo seen by Reuters. The largest U.S. lender by assets has been bolstering its investment banking leadership as dealmaking and IPOs make a comeback amid soaring markets and …
JPMorgan names new vice chair for its diversified industries business, memo shows Read More »
By Ateev Bhandari (Reuters) -Crypto miner Core Scientific on Thursday ended a deal for its sale to CoreWeave after shareholders voted against the proposal, marking the culmination of months-long investor and proxy campaigns against the agreement. The move marks the second foiled attempt by CoreWeave to scoop up Core Scientific, with the crypto miner also …
Core Scientific shareholders reject $9 billion CoreWeave offer, deal terminated Read More »
By Hannah Lang (Reuters) -One of the top decentralized cryptocurrency trading platforms, dYdX, is preparing to enter the U.S. market by the end of the year, in a shift for the derivatives-focused exchange that was previously not available to American users, the president of dYdX told Reuters in an interview. Unlike centralized exchanges like Coinbase …
Decentralized crypto exchange dYdX plans for US market entry by year-end Read More »
By Saqib Iqbal Ahmed NEW YORK (Reuters) -A wave of bullish options trading has amplified the U.S. stock market’s advance toward another major milestone and left dealers positioned so that market swings are likely to be exaggerated in coming days or weeks, according to options specialists. The S&P 500’s 17% rally this year to record …
Bullish options plays set to boost S&P 500 gyrations around 7,000 level Read More »
