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(Reuters) – Nebius Group said on Monday it will provide Microsoft with GPU infrastructure capacity, in a deal worth $17.4 billion, over a five-year term, sending its shares soaring over 47% after the bell. The deal underscores the surging demand for high-performance AI compute, as companies invest heavily to bolster their AI infrastructure. Microsoft may …

Nebius signs $17.4 billion AI infrastructure deal with Microsoft, shares jump Read More »

By Ateev Bhandari and Arasu Kannagi Basil (Reuters) – Madrone Partners-backed StubHub is targeting a valuation of up to $9.2 billion in its U.S. initial public offering, the ticket reseller said on Monday, becoming the latest company to resume listing plans delayed in April due to tariff uncertainty. The New York-based firm is seeking up …

Ticketing platform StubHub eyes up to $9 billion valuation in US IPO Read More »

The story from Friday, “US clothing retailers test full-price strategy as rich shoppers keep spending”, is withdrawn following post-publication concerns. A new story will be issued. STORY_NUMBER: L6N3US0N1 STORY_DATE: 05/09/2025 STORY_TIME: 0143 GMT

(Reuters) – Intel announced a series of top executive changes on Monday, including the departure of products chief Michelle Johnston Holthaus, at a time when CEO Lip-Bu Tan intensifies efforts to turn around the struggling U.S. chipmaker. Holthaus, who will leave after more than three decades with Intel, had held numerous senior leadership roles, including …

Intel announces key executive shake-up, says products chief Holthaus will exit Read More »

By Anirban Sen NEW YORK (Reuters) – Nasdaq is working with U.S. regulators to introduce trading of tokenized securities, becoming the latest major financial player on Wall Street to double down on a boom in tokenization amid an easing of crypto regulations under the Trump administration. If approved, the move would mark the first instance …

Nasdaq makes push to launch trading of tokenized securities Read More »

By Rodrigo Campos and Karin Strohecker NEW YORK/LONDON (Reuters) – Argentina’s markets tumbled on Monday, with the peso currency touching a historic low, after a heavy defeat for President Javier Milei’s party at the hands of the Peronist opposition in local elections stoked worries about the government’s ability to implement its economic reform agenda. The …

Argentine markets plunge after Milei’s party loses to Peronists in Buenos Aires vote Read More »

(Reuters) – Paramount Skydance named Kenneth Weinstein as ombudsman for CBS News on Monday, a newly created role aimed at monitoring bias and audience complaints. The appointment fulfills one of the conditions set by U.S. regulators when the Federal Communications Commission voted 2-1 in late July to approve Paramount’s $8.4 billion merger with Skydance Media, …

Trump’s former Japan ambassador nominee appointed CBS News ombudsman Read More »