Tag: Business
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Equities lose some steam while dollar falls and oil slips
NEW YORK/LONDON, June 9 : MSCI’s global equities gauge pared earlier gains on Tuesday as it saw little support from Wall Street where investors waited anxiously for inflation data while the dollar dipped with oil prices on hopes for easing Middle East tensions after Iran and Israel halted attacks on each other.
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Apollo, Blackstone back Anthropic’s $35 billion capacity expansion in new Broadcom tie-up
June 9 : Apollo and Blackstone are financing a $35 billion expansion of AI computing capacity for Anthropic using Broadcom’s custom chips and networking solutions as part of a tie-up between the asset managers and the chipmaker.The initial commitment will expand the Claude Code creator’s AI computing capacity
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Samsung Electronics invests $175 million in Element Biosciences’ Series E funding round
June 9 : Privately held Element Biosciences said on Tuesday it had raised funds in an upsized Series E round, including $175 million from longtime investor Samsung Electronics, to expand commercialization of its genetic testing and research products.The San Diego-based company did not disclose the total size
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NASA taps US, Italian astronauts for Artemis mission with SpaceX, Blue Origin mooncraft
WASHINGTON, June 9 : NASA on Tuesday named three U.S. astronauts and an Italian astronaut to serve as the crew for its next Artemis mission, a spacecraft docking demonstration in Earth’s orbit next year that will test landers from Elon Musk’s SpaceX and Jeff Bezos’ Blue Origin for the first time in space.NASA
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Analysis:SpaceX’s lofty valuation set to put ‘Elon premium’ to test
June 9 : SpaceX’s landmark listing this week is set to test the “Elon premium” that has made Tesla one of the most highly valued U.S. companies and a must-have among retail investors.The rocket company led by Elon Musk is targeting a valuation of $1.77 trillion in its record-setting IPO, which would make it t
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Russian ministry requests lifting of Roblox ban
MOSCOW, June 9 : Russia’s digital ministry said on Tuesday it had asked law enforcement to support lifting a ban on the U.S. gaming platform Roblox RBLX.N, based on assurances that the company would provide extra protection for young users and comply with Russian law.The communications watchdog Roskomnadzor a
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EU regulators order Meta to allow rival AI chatbots free access to WhatsApp
BRUSSELS, June 9 : EU antitrust regulators on Tuesday ordered Meta Platforms to give rival AI chatbots free access to WhatsApp while they continue to investigate whether the company abused its market power by blocking competitors from the messaging app. The European Commission’s decision to issue an interi
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Apple shares slide after big Siri AI reveal
Apple unveiled new artificial intelligence software at WWDC, highlighted by its long-awaited update to Siri.
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Vinted boss sees ‘fundamental’ shift in consumer patterns, as secondhand firm notches $9 billion valuation
Vinted is seeing a structural shift in consumer behaviour as habits form around the resale economy, its marketplace CEO told CNBC.
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No tech rule exemption for Apple, EU regulators say amid spat over Siri AI delay
BRUSSELS, June 9 : EU regulators on Tuesday slammed Apple for blaming EU tech rules for its decision not to roll out its upgraded assistant Siri AI in the European Union for now, saying they had rejected the company’s request for an 18-month exemption from its obligations.The iPhone maker on Tuesday said Siri
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