SoftBank Group Plans to Invest $1.5 Billion in OpenAI Through Tender Offer, Source Says
SoftBank invested about $500 million in OpenAI through its Vision Fund 2 when the startup raised $6.6 billion in a recent round of new funding. News Corp, owner of The Wall Street Journal and Dow ...
U.S. Futures, European Stocks Mostly Down as Markets Await U.S. Econ Data
In Europe, the Stoxx Europe 600 fell 0.2% in morning trading. Evotec rose 4.9% and Henkel & Co KGaA Pfd rose 2.9%. On the other hand, Frontline dropped 8.7%, and Grifols lost 6.3%. The FTSE 100 added ...
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Volkswagen and Joint Venture Partner Sell Chinese Plant
Volkswagen and its joint venture partner in China sold a plant in the country that has previously brought increased scrutiny on the auto makers over human-rights concerns. VW and partner SAIC Motor ...
10 Moat Stocks That Are Leading the Rally
Although 2024 has shown a larger margin of moat stock outperformance than usual, wide-moat stocks have outperformed the ...
Vesync's Revenue Should See Pressure from Maturing Overseas Demand and Potential Tariff Increase
The initial public offering in December 2020 raised more than HKD 1.4 billion for Vesync. The firm is in a net cash position as at the end of 2023. It has an asset-light business model with low ...
Anglo American Sells 6.6% Stake in Platinum Business for $528 Million
The diversified miner said Wednesday that it sold 17.5 million shares of Anglo American Platinum, or about 6.6% of its issued share capital, at 548 rand each. The price is an 8.6% discount to Anglo ...
OpenAI to Get New $1.5 Billion Investment From SoftBank, CNBC Says, Citing Sources
--SoftBank invested about $500 million in OpenAI through its Vision Fund 2 when the startup behind ChatGPT raised $6.6 billion in a recent round of new funding. --News Corp, owner of The Wall Street ...
Unrivaled Supply Chain and Accelerated Franchising Drive Market Share Gains for Yum China
Yum China is well-positioned to gain share in the fragmented USD 700 billion Chinese restaurant market. Despite the current headwinds, we remain confident in the long-term growth of the quick-service ...
AI Server Sales to Drive Growth for Dell in 2025 and 2026
Our overall thesis on Dell includes consistent sales growth within the AI-optimized server market, a return to better growth with the storage market, and product cycle driven growth in PCs in fiscal ...
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GSK's Liquid Meningitis Vaccine Gets EU Authorization
GSK's liquid meningitis vaccine, Menveo, received approval from the European Commission to be sold in the European Union. The British pharmaceutical company said Wednesday that the fully liquid ...
3 Electricity Grid Plays for Your Portfolio
Quanta Services is a Houston, Texas-based engineering and construction contractor that’s benefiting from the need to upgrade ...
Former Western Asset Bond Manager Ken Leech Hit with Criminal Charges
Western Asset Management Company’s former Chief Investment Officer Ken Leech was charged by the US Department of Justice with ...