Tag: business news
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SpaceX is worth less than half of its $1.75 trillion IPO target, Morningstar says
The analysts see a wide range of possibilities around xAI and find its “economic moat indeterminate.”
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Former Barclays CEO Bob Diamond says Middle East is primed for tokenized finance
Middle Eastern banks are at an advantage as they are more agile with less worries about legacy systems, according to Diamond.
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Alphabet’s $80 billion stock sale leaves Wall Street in ‘unprecedented territory,’ says Goldman’s Gutman
Goldman Sachs is acting as a joint book-running manager for Alphabet’s underwritten offerings.
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Perplexity CEO tells CNBC one metric will determine who wins the AI race
Perplexity CEO Aravind Srinivas said that whichever company can provide the “most taken value per watt per user” will be the AI winners in the future.
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UK Exchange newsletter: English football — in a league of its own?
English football appears to be riding high following Arsenal’s Premier League win. But scratch beneath the surface and all is not as good as it looks.
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Bitcoin hits lowest since February as crypto competes for liquidity with blockbuster IPOs
Bitcoin continues to decline as stocks hit record highs, with investors also eyeing big IPOs.
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Three reasons investors should increase hedging toward the end of summer: Susquehanna
Skip NavigationMarketsBusinessInvestingTechPoliticsVideoWatchlistInvesting ClubPROLivestreamMenuInvestors should increase their hedging toward the end of summer, as stretched momentum in the S & P 500, macroeconomic risks and persistently
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Goldman Sachs cuts Hong Kong stocks in favor of mainland China AI hardware plays
The investment bank on Wednesday cut its rating on H shares to market-weight from overweight, while staying overweight mainland China’s A shares.
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Australia’s first-quarter economic growth misses estimates on severe weather, weak demand
The country’s GDP expanded 2.5% in the first three months this year, compared to a year earlier, missing economists’ expectations for a 2.6% growth.
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Supreme Court allows Alabama to use congressional map that dilutes Black vote
The ruling is a victory for Republicans, who have sought to retain their slim majority in the House of Representatives by redistricting in various states.
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