Apollo Global Management is close to finalising a roughly $3.4 billion loan to an investment vehicle that plans to purchase Nvidia chips and lease them to Elon Musk-led artificial intelligence company xAI, according to a report by The Information citing a person familiar with the matter. The deal could be completed as soon as this
Global markets and corporate developments offered a mixed picture on Wednesday as investors balanced resilient Asian equities against political tensions in Washington and mounting corporate upheaval across technology and media sectors. A rally in Asia came despite soft US consumer data and artificial-intelligence concerns on Wall Street, while Elon Musk’s artificial-intelligence startup lost key founders,
X is moving deeper into financial services as its long-awaited payments platform, X Money, enters internal testing and prepares for a wider rollout. The initiative marks a major step in Elon Musk’s effort to transform X from a social media network into a financial ecosystem. By combining messaging, payments, and asset management, the platform aims
The US Labour Department is set to release closely watched employment data on Wednesday, offering the first indication of whether job growth in 2026 is gaining momentum after a year marked by the weakest hiring pace outside of a recession in more than two decades. The Bureau of Labor Statistics will publish the January jobs
IREN stock price remains under pressure this month as Bitcoin retreats and Neoclouds shares dip. It retreated to $42.93 on Wednesday, down by 44% from its highest level in November last year. So, is IREN a good stock to buy today? IREN stock has slipped despite strong growth potential IREN stock price has remained under
Astera Labs stock suffered a harsh reversal after the company published strong financial results that missed some analysts’ estimates. ALAB dropped to a low of $164 in the extended hours, down sharply from the all-time high of $262. As a result, the market capitalization dropped from over $42 billion in September last year to below
Uber Eats is stepping up its push into grocery delivery by adding artificial intelligence to the shopping cart. The company said on Wednesday that its food delivery platform is introducing a new AI assistant designed to help customers build grocery baskets using simple text prompts or even photos of handwritten lists. The feature is being
Kraft Heinz surprised markets on Wednesday by pressing pause on plans to explore a potential breakup. For months, the investors were debating whether splitting the packaged-food giant could revive growth and sharpen focus. Instead, management chose caution. The decision reflects a mix of multiple factors, like leadership change, difficult operating environment, and growing belief that
India’s top jewellery maker, Titan Co., is reporting that customers are becoming cautious, with record-high gold prices dampening demand in the world’s second-largest bullion market. Sales growth is now primarily driven by price increases rather than volume, with customer growth remaining “muted,” according to Chief Financial Officer Ashok Kumar Sonthalia in an interview with Bloomberg
Sam Bankman-Fried has resurfaced on social media with fresh allegations about the conduct of US prosecutors during his criminal trial. The FTX founder claims that new evidence shows officials within the Biden administration’s Department of Justice pressured witnesses, either discouraging them from speaking or pressuring them to alter their testimony. His posts on X come