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News
Michael Dell's Family Office Eyes Baldwin Buyout
9+ hour, 1+ min ago (221+ words) DFO Management, the investment shop that manages the Dell family's wealth, is in advanced talks to purchase The Baldwin Insurance Group Inc., according to the Financial Times. The target is an insurance brokerage, and the parties could unveil a plan…...
SoftBank Secures $11.87B Loan for OpenAI Bet
9+ hour, 1+ min ago (1109+ words) Briefs Finance Free Live Investors Workshop The dollar is losing value. Here’s how investors can still profit. SoftBank Secures $11.87 Billion Loan Tied to OpenAI Bet - SoftBank locked in a two-year, $11.87 billion loan to back its OpenAI investment, topping a $10 billion…...
Study: Tying Medicare Drug Prices Abroad May Raise Costs
9+ hour, 1+ min ago (238+ words) Here is the rub: for roughly three quarters of the drugs, the team concluded that cutting Medicare's price would forfeit more US revenue than companies make from sales of the same medicine in whichever lower-cost reference nation sets the benchmark....
China's August Data May Force Stronger Stimulus
9+ hour, 1+ min ago (302+ words) China is set to report August readings for industrial production, fixed-asset investment and retail sales at 10 a.m. on Tuesday. Economists surveyed by Bloomberg expect factory output to rise 4.8% from a year earlier, faster than July's 4.5%. Retail sales are seen up 0.8% from…...
Hong Kong Trust Tax Spurs Founder Share Sales
9+ hour, 1+ min ago (442+ words) Haidilao slumped after co-founder Shu Ping unloaded roughly $350 million of shares, sending the stock down 13% across two trading days to its weakest level since March 2022. The company didn't give a reason for the sale and didn't immediately respond to an…...
Chevron Australia: LNG Prices to Stay High
9+ hour, 1+ min ago (244+ words) If you were hoping your gas bill would get a breather, Chevron's Balaji Krishnamurthy is not betting on it. Speaking to Bloomberg TV on Monday, he stated, "I have a hard time seeing the prices come down" for approximately the…...
Anthropic eyes profit as Nasdaq IPO prep accelerates
9+ hour, 1+ min ago (159+ words) Briefs Finance According to the Financial Times, Anthropic informed a small set of shareholders that it expects to show an adjusted operating profit this quarter. That adjusted metric removes certain exceptional or one-time items, and that update would represent the…...
RBI Orders Tata Sons IPO, Noel Tata Faces Crisis
10+ hour, 37+ min ago (327+ words) Noel has resisted the idea of listing Tata Sons. Those close to the situation say he believes going public would reshape how the Trusts control Tata Sons and its leadership, while also inviting tighter regulatory supervision and more scrutiny from…...
Lagarde: Euro-Area Inflation to Remain Elevated
22+ hour, 26+ min ago (285+ words) European Central Bank President Christine Lagarde told Ouest-France that "The current shock is longer-lasting," with the Middle East conflict still unfolding. She said the ECB expects energy-price turbulence and pressure to persist, even as higher prices risk weighing on growth....
OpenAI Delays IPO to 2027 Amid Safety Concerns
22+ hour, 26+ min ago (1073+ words) Briefs Finance Free Live Investors Workshop The dollar is losing value. Here’s how investors can still profit. OpenAI pushes IPO plans to next year as Altman elevates safety - Sam Altman told Fortune that OpenAI won't pursue an IPO this year,…...