Tag: Business
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Equities end higher as Anthropic’s IPO filing buoys AI stocks
NEW YORK: US stocks closed higher on Monday (Oct 26), with the S&P 500 and Nasdaq coming off consecutive weekly declines, as Anthropic’s IPO filing helped boost sentiment in AI-related stocks in a week filled with a host of market catalysts.Anthropic disclosed steep losses and red-hot revenue growth in it
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Spain relaxes initial proposal for data-center rules
MADRID, Oct 26 : Spain on Monday unveiled a more flexible version of its proposed decree governing data centers after a wave of project announcements in the country, according to officials at the energy ministry.• The revised proposal raises the threshold for the rules to apply, extends the time frame for d
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Cramer’s lightning round: ‘Celsius is a second rate Monster’
“Mad Money” host Jim Cramer rings the lightning round bell, which means he’s giving his answers to callers’ stock questions at rapid speed.
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From Wall Street to Silicon Valley, Anthropic IPO poised to have massive ‘trickle-down effect’
With the AI trade sputtering of late and interest rates on the rise, Anthropic’s IPO is taking on outsized importance.
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BlackBerry reinvented: CEO sees big opportunities AI-powered robots
BlackBerry CEO John Giamatteo sees AI-powered robots as a major growth opportunity.
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Jim Cramer warns this overlooked danger could threaten the market rally
CNBC’s Jim Cramer warned that a flood of massive IPOs could threaten the bull market’s rally.
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Wall St banks, Blackstone line up $63 billion to finance Broadcom AI chips for Anthropic
Oct 26 : Bank of America, Blackstone, Citi and Morgan Stanley will provide $63 billion in financing to buy Broadcom’s AI chips and networking gear for Anthropic, in one of the largest debt deals tied to the AI buildout.Rising AI demand is driving massive investment in computing infrastructure as technology co
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Apple says it will replace iPhone Duo units showing screen problems
SAN FRANCISCO, Oct 26 : Days after launching its first folding iPhone, Apple acknowledged on Monday that some of the devices exhibit display problems and said it will replace them.Apple started shipping the iPhone Duo last week, with customers around the world lining up for tight inventory after initial onlin
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Applied Materials to raise BESI stake to about 20%
Oct 26 : Applied Materials said on Monday it plans to raise its stake in Dutch company BE Semiconductor Industries (BESI) to about 20 per cent from 9 per cent, deepening a partnership focused on advanced chip-packaging technologies used in AI applications.Here are more details: • Applied Materials, B
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JetBlue posts bigger loss on fuel costs, but CEO says margins improving
JetBlue Airways is in the middle of a plan that aims to cut costs and increase premium revenue.
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