Tag: business news
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The first Wall Street firms are out with their SpaceX recommendations. Here’s what they’re saying
Two firms initiated coverage, with each forecasting gains for the Elon Musk company in its first year to 18 months based on their price targets.
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U.S. becomes India’s top gas supplier, as Iran war cuts it off from the Gulf
India’s gas purchases from the U.S. have grown steadily, driven by Washington’s push to sell more American energy to the South Asian country.
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Private credit has ‘growing pains,’ but a Man Group exec sees opportunities in higher rates
Private credit is facing liquidity-related “growing pains,” but higher-for-longer interest rates could create attractive yield opportunities, Man Group said.
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Hugo Boss pops 7% after top shareholder Frasers launches $2 billion takeover offer
British retail group Frasers owns a roughly 26% stake in Hugo Boss.
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Mercedes-Benz joins Europe’s defense push with anti-drone vehicle deal
Mercedes becomes the latest European carmaker to turn to the defense industry in the hope that partnerships can revive the auto industry’s ailing fortunes.
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KKR says AI productivity boom to keep on going — but warns of ‘extreme’ trend not seen since the 19th century
KKR said in its mid-year outlook Thursday that AI will drive economic growth for years to come, but only in specific sectors.
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OpenAI mulls slashing prices as it competes with Anthropic for users: WSJ
OpenAI is reportedly mulling drastic price cuts to its AI models, as it looks to woo consumers from rival AI company Anthropic, the WSJ reported on Wednesday.
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Oil jumps as U.S. fresh strikes on Iran raise worries of extended disruption to energy flows
Oil prices jumped on Thursday after the United States launched a fresh round of military strikes against targets in Iran.
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Company moves from Singapore to cheaper, more spacious Malaysia show rising global mobility trend
Lower costs, tax incentives and access to a larger market have seen a raft of companies shift operations to Malaysia from Singapore.
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Jim Cramer says one of SpaceX’s biggest risks is this group of investors
CNBC’s Jim Cramer said one of the biggest risks facing the SpaceX IPO is speculators who may rush to sell shares shortly after the stock begins trading.
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