Tag: Business
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Manus original investors plan to buy back AI firm from Meta for $2 billion, The Information reports
June 18 : The early Chinese backers of AI startup Manus are planning to buy the company back from Meta at the $2 billion price that the Facebook parent paid, The Information reported on Thursday, citing two people with direct knowledge of the matter.The move is in response to a Chinese government order that t
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California’s counting on an IPO tax windfall. Several factors are complicating the equation
The IPOs of SpaceX, OpenAI and Anthropic could create a tax windfall for the state of California. But experts say the revenue impact may be blunted.
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The Fed decision, JetBlue’s Florida plans, Intel’s Apple partnership and more in Morning Squawk
Here are five key things investors need to know to start the trading day.
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Accenture strikes $4.18 billion cybersecurity deal, shares fall on forecast cut
June 18 : Consultancy firm Accenture said on Thursday it would take a majority stake in industrial cybersecurity firm Dragos and fully acquire asset intelligence company runZero and device security specialist NetRise in a combined deal valued at $4.18 billion.Shares of Accenture fell over 11 per cent in prema
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Iran peace not stopping central banks from raising borrowing costs
FRANKFURT/TOKYO, June 18 : The Iran war-induced inflation surge is becoming too much for central banks around the world to simply look past and a string of them, led by the U.S. Federal Reserve, have either raised borrowing costs or signalled likely moves to tame price growth.Conflict in the Middle East has p
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Stocks making the biggest moves premarket: Intel, SpaceX, Micron, Carnival & more
These are the stocks posting the largest moves in the premarket.
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Godfather of AI blasts Musk’s xAI as ‘failure,’ says labs are risking a ‘big bubble explosion’
Yann LeCun’s comments renew a long-running spat with Musk and cast doubt over valuations of some of the world’s biggest AI companies.
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Accenture to take majority stake, acquire cybersecurity firms in $4.18 billion deal
June 18 : Consultancy firm Accenture said on Thursday it will buy a majority stake in Dragos and fully acquire runZero and NetRise in a combined deal valued at $4.18 billion.Shares of the Dublin, Ireland-based company fell about 5 per cent in premarket trading.Separately, the company also cut the top
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Japan’s Cosmo Energy to keep Middle East crude focus despite Iran war
TOKYO, June 18 : Japan’s Cosmo Energy Holdings will maintain its focus on crude procurement and upstream investments in the Middle East despite the Iran war, citing the region’s cost-competitiveness and suitability of its crude for Cosmo’s refineries, its CEO said on Thursday.The country’s third-largest oil r
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Hollister partners with Target to tap into $89 billion back-to-college shopping market
Hollister’s partnership with Target comes as both companies look to capitalize on the lucrative back-to-college shopping market.
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