Tag: Business
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Stocks making the biggest moves premarket: Verizon, Tesla, Moderna & more
These are the stocks posting the largest moves premarket.
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Meiji Yasuda to lift Man Group private credit commitment to $1.3 billion
Oct 26 : Japanese insurer Meiji Yasuda will raise its capital commitment in hedge fund Man Group’s private-credit funds to 200 billion yen ($1.3 billion) and could acquire a 5 per cent equity stake in the British group, the companies said on Monday. Shares of Man Group, which have gained roughly 42 per cent
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Exclusive-US political candidates tailor messages for AI models used by voters
WASHINGTON, Oct 26 : US political candidates have been engineering their campaign messages to appeal to the AI chatbots that more voters have been using to answer questions about issues, and documents seen by Reuters have revealed some of their strategies. One Powerpoint presentation proposed a strategy for
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Brazil’s Itau agrees to buy AI startup NeoSpace for $589 million
SAO PAULO, Oct 26 : Brazilian lender Itau said on Monday it had entered an agreement to acquire all shares issued by artificial intelligence startup NeoSpace AI. Under the deal, the bank will pay 2.925 billion reals ($589 million), with part due at closing and the balance deferred over five years, it said in
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Verizon lifts annual forecasts, signs more than $2 billion AI infrastructure deal with AWS
Oct 26 : Verizon raised its annual forecast for wireless subscriber additions on Monday, betting on strong demand for its simplified plans, and signed an AI infrastructure deal worth more than $2 billion with Amazon Web Services. For the third quarter, the telecom carrier reported nearly double the analysts
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A shock in Brazil sends stocks plunging, while neoclouds take another hit
Here are the key things investors need to know to start the trading day.
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Stocks, bonds cautious ahead of ‘formidable’ week for risk
LONDON, Oct 26 : Global shares edged up on Monday as oil eased from six-month highs ahead of a week of central bank meetings and corporate earnings that will further test confidence in the AI boom.The oil price was down around 2 per cent to $114.6 after reports that Qatari mediators were in Tehran on…
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Sumitomo Life to remain cautious on JGB yields, keep investment pace unchanged from H1
TOKYO, Oct 26 : Sumitomo Life Insurance said on Monday it would carefully monitor yields on Japan’s super-long government bonds, while it would keep its investment pace for Japanese government bonds (JGBs) unchanged in the second half of this year from the first half.Here are some details:• “For life
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India’s Tata Communications to spend $450 million on AI connectivity infrastructure
Oct 26 : Tata Communications, which offers data connections and cybersecurity to enterprises, announced investments of close to $450 million on Monday to build high-speed network cables connecting India’s AI data-centre corridors.Here are some more details:• The company will build around 10,000 ki
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Japan’s Nikkei falls for a 3rd day as tech sector weighs, energy shares rise
TOKYO, Oct 26 : Japan’s Nikkei share gauge lost ground for a third straight session on Monday as chip-related shares continued their decline, while energy-linked shares gained on higher oil prices.The benchmark Nikkei 225 slid 0.80 per cent to close at 62,189.65, its lowest closing level since July 30. The br
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