Alibaba Leads Record Deal to Create $2.5 Billion China AI Firm
Alibaba Group Holding Ltd. led the largest single financing round for a Chinese artificial intelligence startup, the latest in a…
Stocks Take a Breather at Start of Data-Rich Week: Markets Wrap
European stocks and US equity futures posted small moves as investors geared up for a busy week of data, including…
Volvo Cars to Reduce Ownership Share in EV Manufacturer Polestar
Volvo Cars said on Friday it plans to distribute 62.7% of its stake worth 9.5 billion crowns ($920.17 million) in…
Oil Edges Lower as Investors Weigh Tight Market and Soft Demand
Oil dipped as investors weighed signs of a tightening market against persistent concerns around demand. Brent slipped toward $83 a…
Nvidia brings new life to ‘FOMO’ AI trade, stock market rally
The AI trade is back in full force after Nvidia’s (NVDA) big earnings beat, defying fears that euphoria over the…
FOREX-Dollar dips as most PMI data releases add to market optimism
The dollar fell on Thursday as share markets hitting record highs drove optimism across asset classes and traders digested a…
China’s Lenovo beats on revenue, to focus on AI PCs
China’s Lenovo Group, the world’s largest maker of personal computers (PCs), reported stronger-than-expected earnings on Thursday, with revenue returning to…
Reddit strikes AI content deal with Google ahead of IPO: Sources
Social media platform Reddit has struck a deal with Google to make its content available for training the search engine…
Walmart’s Earnings Surge & Vizio Acquisition: Big Moves in the Market
Walmart (WMT) reported better-than-expected fiscal fourth-quarter earnings early Tuesday, but gave mixed guidance. The Dow Jones retail giant also said…
Amazon Set to Replace Walgreens in Dow Jones Industrial Average
Amazon.com Inc. is finally joining the famous Dow Jones Industrial Average. The e-commerce giant will replace Walgreens Boots Alliance Inc.…