Alibaba stock slides after ex-CEO abruptly quits cloud unit ahead of IPO
(Reuters) -Alibaba’s stock lost more than 4% in Hong Kong on Monday after ex-group CEO Daniel Zhang quit just two…
Meta is developing a new, more powerful AI system – WSJ
(Reuters) – Meta Platforms is working on a new artificial-intelligence system intended to be as powerful as the most advanced…
4 big deal reports: Enbridge shells out $14B for Dominion utilities
Enbridge to pay $14 billion to Dominion Energy for 3 utilities Enbridge (NYSE:ENB) agreed to acquire EOG, Questar, and PSNC…
Vietnam Air inks $7.8 billion deal for Boeing 737 max planes, White House says
(Reuters) – The White House said on Monday that Vietnam Airlines’ deal to buy 50 737 Max jets from U.S.…
European stocks higher; ECB meeting, U.S. inflation to guide sentiment
European stock markets traded higher Monday, with investors cautiously awaiting the latest policy-setting meeting by the European Central Bank later…
Tesla supercomputer could boost EV maker’s market cap by $600 billion – Morgan Stanley
(Reuters) -Tesla’s supercomputer, Dojo, to train AI models for autonomous cars could give the electric vehicle maker an “asymmetric advantage”…
Nasdaq gets SEC nod for first exchange AI-driven order type
(Reuters) – Nasdaq Inc. on Friday said it won approval from the U.S. Securities and Exchange Commission to launch the…
Swiss post mortem of Credit Suisse crisis to go back to 2015
(Reuters) – Switzerland gave a rare glimpse on Friday into so far highly secretive procedures for its inquiry into Credit…
China car sales return to growth in Aug, Tesla nearly doubles EV share
(Reuters) – China’s passenger vehicle sales returned to growth in August year-on-year, as deeper discounts and tax breaks for environmentally…
Bank of America says higher-for-longer rates will hurt stocks
According to Bank of America, there were significant inflows in cash ($68.4 billion) in the week to Wednesday, marking the…