Tag: Business
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Family offices bet on sports, from pickleball leagues to smart soccer balls
While AI startups dominate deal-making news, investment firms of the ultra-rich are still keen on sports.
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Broadway’s $1.9 billion season is the latest sign of consumers splurging on experiences
Sunday’s Tony Awards follow a record-breaking season on Broadway. The awards often lead to further ticket sales for winning shows.
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Philippine central bank to act as May inflation stays above target
MANILA, June 5 : The Philippine central bank said on Friday it will “take necessary actions” to bring inflation back to its target, after the annual pace of consumer price growth remained above its 3 per cent goal for a third straight month in May.Annual inflation unexpectedly slowed to 6.8 per cent in May fr
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Stocks steady as US-Iran peace talks stall, AI rally cools
LONDON, June 5 : Shares wobbled on Friday as investors turned defensive ahead of the weekend, wary of the flare-up in Middle East hostilities with U.S.-Iran peace talks in limbo.The Iran-backed Hezbollah militia rejected a new ceasefire in Lebanon on Thursday and Israel said it would not withdraw troops from
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Global equity fund inflows at 3-week high as AI optimism boosts sentiment
June 5 : Global equity fund inflows surged to a three-week high in the week to June 3 as a set of robust earnings in the technology sector and investor enthusiasm over the AI boom bolstered demand.According to LSEG Lipper data, global equity funds attracted a net $21.44 billion during the week, the largest am
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India’s GDP grows 7.8% in January-March on resilient farm, construction output
NEW DELHI, June 5 : India’s economy grew at an unexpectedly strong 7.8 per cent on-year in the January-March quarter, the government said on Friday, as better farm output and brisker construction activity helped offset weakening external demand emanating from the Middle East conflict.The print, the second in
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California to decide soon whether it will seek to block Paramount deal
June 5 : California Attorney General Rob Bonta will soon decide whether to sue to block Paramount’s $110 billion acquisition of Warner Bros, he told Reuters in an interview, adding that in general he views any corporate promises to address antitrust concerns as better when backed up by potential divestitures.
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Stocks making the biggest moves premarket: Lululemon, Micron, ServiceTitan, Strategy & more
These are the stocks posting the largest moves premarket.
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The Tech Download: Anthropic’s IPO sets up first big test of AI boom valuations
Anthropic took a big step this week towards pipping bitter rival OpenAI to a public market listing.
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UK’s Raspberry Pi shares hit record as industrial demand boosts outlook
June 5 : Britain’s Raspberry Pi on Friday upgraded its full-year profit outlook, sending shares of the single-board computer maker to an all-time high.The Cambridge-based company said strong pricing and demand from industrial customers helped it weather soaring memory-chip costs, though its profitability per
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