Tag: business news
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AI memory startup focused on cutting token costs raises $98 million
Engram enters the market as the AI industry grapples with a rising cost problem fueled by more expensive models.
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Nike is trying to boost its stock through a turnaround plan. Evercore ISI sees limited upside
Nike has received a downgrade and price target decrease from Evercore ISI due to several challenges it faces as it tries to overhaul its struggling business.
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Morgan Stanley says investors should scoop up this struggling tech stock that’s ready to outperform
The bank upgraded the hardware and software name to overweight from equal weight.
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Buy IBM as investors underappreciate the strength of its software business, says JPMorgan
The investment bank upgraded the legacy tech name to overweight from neutral.
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AI groups spend $20 million going head-to-head in New York race pitting Bores, Lasher, Schlossberg
Companies are spending big to shape AI policies at the federal level. And the Manhattan House Democratic primary will be a test of where voters stand.
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SpaceX drops more than 3% following $400 billion selloff
Gains have been pared back at the space and AI company following an initial surge after its record-breaking IPO.
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Apollo curbs withdrawals after exit requests hit 17%, reigniting fears over private credit liquidity
Apollo is capping investor redemptions in its main retail-focused private credit fund after exit requests hit 17%.
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Singtel sells $773 million Thai energy stake as it ramps up AI and data center investments
Southeast Asia’s largest telecom operator sold 2.8% stake for about S$1 billion in Gulf Development.
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Singapore inflation holds at 1.8% in May, cooler than expected as services costs ease
Core inflation, which strips out accommodation and private transport costs, came in at 1.4%
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Brexit 10 years later: How the UK economy and politics changed, in charts
Ten years after the Brexit vote, CNBC compiled these charts show how the U.K. has changed across growth, immigration, sterling, trade and politics.
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