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OpenAI partners shoulder nearly $100 billion debt to fund its AI ambitionsOpenAI’s growth is being funded mostly through huge borrowing by partners like Oracle, SoftBank and CoreWeave, which now hold nearly $100 b...- Apple's iPhone Air a failure? Tech giant responds with massive production cuts as survey confirms weak consumer demandApple is significantly reducing production of its iPhone Air. Consumer demand for the device has been weaker than anticipated. The company ...
- AI superstar Nvidia could eclipse India’s entire market cap if Cantor’s target price is metNvidia, valued at $4.3 trillion, could surpass India’s Rs 5.21 trillion equity market if shares hit $240. Driven by AI chip dominance, the ...
- US stock market today: Dow Jones rebounds as Nvidia hits $4 trillion milestone; S&P 500 and Nasdaq rally to new highs amid tech surge and tariff relief hopesDow Jones rebounds as Nvidia reaches $4 trillion market cap, driving a strong tech-led rally. Stocks recovered Wednesday after two days of ...
- Walmart tries to shed a stodgy vibe to battle digital-native rivalsWalmart built its empire by dominating on price. But to maintain that empire it must now compete on convenience, breadth and speed. During ...
- Starbucks' new CEO arrives with more powerNiccol, who is leaving Chipotle Mexican Grill, will become CEO and chairman the moment he joins Starbucks on September 9. By contrast, Laxm...
- Apple investors face $340 billion hole as woes mountTepid sales in China for its new iPhone models have fueled concerns about Apple’s ability to justify its pricey valuation and avoid a strea...
- US telecom companies say not in talks with Amazon for wireless servicesReports suggest that Amazon was negotiating to get the lowest possible wholesale prices and could offer wireless plans for $10 a month or l...
- US telecom stocks fall on report Amazon in talks for wireless servicesBloomberg News reported that Amazon was negotiating to get the lowest possible wholesale prices and could offer wireless plans for $10 a mo...
- Meta’s $677 billion rout boots it out of world’s top 20 stocksMeta was the sixth biggest US company by market capitalization at the start of the year, flirting with a $1 trillion market value. Fast for...
- Freight costs fueled inflation. Can they dampen it now?On the demand side, monthly imports peaked at a record $351 billion in March and slid to $330 billion in July.
- Alphabet nears $1-trillion valuation on rising ad-growth optimismAlphabet Inc. shares rose as much as 1.7 per cent
- Oil posts a weekly loss amid dour economic outlook, supply riseThe global benchmark fell 1.8 per cent this week.
- Oil bulls double down on rally with highest bets since OctOil has wavered since nearing $65 a barrel in New York for the first time in five months on April 9.
- Up 40% in 2019, hedge funds say there’s no stopping crude oil rallyOil has wavered since nearing $65 in New York for the first time in five months on April 9.
- Oil rally stalls as growth worries vex marketsMay could be a pivotal month for crude markets as the US decides whether to extend waivers allowing some countries to buy Iranian crude.
- Oil optimists stay the course even as demand headwinds loomLong-only bets on an increase grew by 5 per cent, the most since July.
- Oil gloom turns to boom as China and US Fed allay worst fearsHedge funds boosted their net wagers on rising Brent prices by 9% in the week ended Jan.15.
- Ebix acquires Indus Software for $29 millionEbix has driven this acquisition with the borader plan to enter peer to peer lending through web, e-wallets and mobile phones.
- Arcelor-Mittal deal to push steel consolidationThe prospective combination of steel giants Arcelor SA and Mittal Steel Co will likely accelerate the ongoing wave of consolidation in the ...
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