Tag: Business
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Delivery Hero confirms advanced negotiations with Uber over potential takeover offer
July 14 : Delivery Hero said on Tuesday it was in advanced negotiations with Uber Technologies regarding a potential takeover offer, confirming earlier media reports that the U.S. ride-hailing and food-delivery company is pursuing the German group.The statement followed a Bloomberg News report that Uber was i
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Wall Street banks see AI ‘super cycle’ set to boost deals, financing
NEW YORK, July 14 : A rush by technology companies to fund AI infrastructure is boosting dealmaking and financing activity for Wall Street, bankers said on Tuesday, generating lucrative fees from capital raising and loans.Investment banks have reaped strong fees from AI-related deals, including SK Hynix’s $26
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Apple wins dismissal of lawsuit over child sexual abuse material on iCloud
July 14 : A U.S. judge has dismissed a proposed class action accusing Apple of failing to stop the dissemination of child sexual abuse material through its iCloud data storage platform, saying the company is broadly shielded from the claims under a federal law protecting online services from liability for user conte
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T. rex sells for $50 million, becoming the most expensive dinosaur fossil ever auctioned
It passes a stegosaurus skeleton that billionaire hedge funder Ken Griffin bought for $44.6 million in 2024.
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Regulatory action on chips, AI is coming, Commerce official says
WASHINGTON, July 14 : Action regulating artificial intelligence and semiconductors is coming, a U.S. Commerce Department official who oversees export controls said at a hearing on Tuesday.The official, Jeffrey Kessler, made the remarks while noting that the Trump administration does not plan to replace the Bi
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U.S. trade official says ‘very few’ Nvidia H200 AI chips have been shipped to China
The remark is a sign that H200 shipments to China have restarted, potentially boosting Nvidia’s sales even higher.
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Stocks making the biggest moves midday: IBM, Goldman Sachs, CleanSpark, HCA Healthcare & more
These are some of the stocks posting the largest moves midday.
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Russia launches American and two cosmonauts to space station with rare NASA chief visit
WASHINGTON, July 14 : Russia launched two cosmonauts and an American astronaut to the International Space Station on Tuesday from Kazakhstan, resuming crewed flights from a recently repaired launchpad with a rare joint attendance by the heads of NASA and Russia’s space agency.U.S. astronaut Anil Menon and cos
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Exclusive-Data center firm Switch taps banks for IPO that could value it up to $80 billion, sources say
July 13 : Data center operator Switch has hired investment banks for an initial public offering that could raise up to $10 billion as soon as the fourth quarter, according to two people familiar with the matter, and value the company at close to $80 billion, including debt.Goldman Sachs and JPMorgan Chase hav
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Stocks gain on softer inflation, bank results while oil rises on US-Iran hostilities
NEW YORK/LONDON July 14 : Shares were up modestly on Tuesday after softer than expected U.S. inflation data and strong second-quarter earnings from major banks, while oil prices rose for a second day as the U.S. and Iran battled for control of the Strait of Hormuz.The U.S. Consumer Price Index increased by a
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