Anthropic has filed to list on the Nasdaq under the ticker 'ANT', with reports pointing to a valuation of up to $2 trillion. Venture backers will profit handsomely, but Amazon's stake, loans and cloud deal put it in line for the biggest payoff.
The fintech, valued at roughly $115 billion, has begun issuing unsecured personal loans in Britain, challenging the country's biggest high street banks.
US stocks fell on Thursday after the Financial Times reported OpenAI's annualized revenue was roughly $20 billion below earlier investor estimates. A separate SpaceX spectrum deal hit telecom shares but lifted futures into Friday.
Nike has already been dropped from the S&P 100 index. Analysts say its shrinking market value now makes it the most likely candidate to be removed from the Dow Jones Industrial Average as well.
Prime Minister Mark Carney is asking global investors for roughly US$723 billion over five years, betting that unease over US tariffs will send capital north.
A hawkish speech from new Federal Reserve Chairman Kevin Warsh sent the yen through ¥160 to the dollar and pushed Japanese bond yields to a 30-year high, wiping out much of the gain from a record currency intervention just weeks earlier.
From this week, French companies can no longer cold-call consumers without permission. Violations carry fines of up to €375,000 for firms.
Nvidia has agreed partnerships with Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs and KKR to mobilise more than $500bn for data centres and chip factories. The deal has revived concerns about circular financing in the AI industry.
The heads of America's two largest cinema chains have publicly endorsed the $110 billion merger between Paramount Skydance and Warner Bros. Discovery, breaking with theatre-industry opposition as the deal faces a state antitrust trial.
Trump Media & Technology Group has launched a paid data feed giving trading firms faster access to posts from Truth Social's most influential accounts, including Donald Trump's. Critics say the arrangement lets the president profit from information he controls as head of state.
The newly independent aerospace supplier missed second-quarter profit targets and sharply cut its full-year sales growth forecast, blaming persistent shortages of mechanical parts. The results delivered a brutal verdict on the company's first standalone earnings report.
Five US technology giants have accumulated $1.65 trillion in AI-related financial obligations that do not appear on their balance sheets, surpassing the $1.35 trillion in debt they officially report. The gap is raising uncomfortable questions for investors worldwide.
New York Federal Reserve President John Williams said on 3 August that he remains confident inflation will ease, but warned the central bank will raise interest rates if price pressures prove more persistent than expected.
A wave of selling has wiped more than a trillion dollars from global semiconductor stocks in days, triggered by China's domestic chip advance and growing doubts about whether the world's biggest tech companies can earn back their vast AI investments.
BNY Mellon, Goldman Sachs, and Citizens Financial priced preferred-share offerings this week at spreads not seen since before Lehman Brothers collapsed, raising questions about how much risk investors are actually being paid to take.
Apple overtook Nvidia on Friday as the world's most valuable publicly listed company, closing at a market capitalisation of $4.88 trillion. The shift reflects growing investor doubt about the pace of AI infrastructure spending and renewed confidence in Apple's leaner approach to the technology.
Legendary investor Howard Marks has labelled the imminent public listings of SpaceX, Anthropic, and OpenAI a "money-losing bubble", as the three firms prepare to flood global markets with roughly $3 trillion in combined valuation.
The head of one of the world's largest independent financial advisory firms says a sweeping reallocation of capital away from mega-cap technology stocks is now underway — and could be the most significant market shift since the post-pandemic recovery.
Global tech shares fell on Friday as investors sold back into semiconductor stocks, reversing a Thursday surge driven by Micron's blowout quarterly results. The reversal reflects deepening uncertainty about whether AI infrastructure spending will translate into profits to justify soaring valuations.
SpaceX stock has fallen sharply just days after its record-breaking Nasdaq debut, as early investors take profits and questions mount over the company's $2.5 trillion valuation. The pullback dragged rival space stocks down with it.