AI Investment Boom Supports Global Growth, Warns IMF of Job Disruptions
Global investment in artificial intelligence infrastructure is helping sustain worldwide economic growth at around 3%, despite an energy supply shock, International Monetary Fund Managing Director Kristalina Georgieva said on Monday. Speaking at the IMF...
Volkswagen Reports Sharpest Delivery Decline in Over Four Years
German automaker Volkswagen reported a 14.3% decline in global vehicle deliveries in the third quarter, marking its steepest drop in more than four years. Deliveries fell to 1.89 million vehicles, with continued weakness in...
TotalEnergies Expands US Renewable Energy Venture with KKR in $1.2 Billion Deal
TotalEnergies said on Monday that it is expanding its joint venture with investment firm KKR in the United States through the addition of a renewable energy portfolio valued at $1.2 billion. The deal includes...
Wall Street Futures Steady as Investors Eye Bank Earnings, Inflation Data
Wall Street futures were little changed on Monday as investors monitored oil prices and geopolitical developments ahead of key US bank earnings and inflation data due this week. At 5:36 a.m. ET, Dow E-minis...
Telecom Stocks Slide as SpaceX Spectrum Deal Sparks Competition Fears
US and European telecommunications stocks tumbled on Friday after SpaceX’s acquisition of low-band spectrum intensified concerns over competition from satellite-based mobile services. T-Mobile US, Verizon and AT&T fell between 5.5% and 7.4% in premarket...
Qualcomm and Arm Face Jury Verdict in Licensing Dispute
Qualcomm’s lawsuit against chip technology supplier Arm Holdings is heading to a jury in a five-day trial to determine whether Arm breached licensing agreements and deliberately undermined Qualcomm’s business dealings with Meta Platforms. The...
US Suspends Green Card Applications for Microsoft, IT Firms; Probes Top Universities
The United States has suspended permanent labour certification applications linked to Microsoft, Adobe and major IT services companies as part of a widening crackdown on alleged immigration fraud and the protection of American jobs....
WTO Raises Global Trade Forecast as AI Boom Offsets Middle East Disruptions
The World Trade Organization has upgraded its forecast for global merchandise trade growth in 2026 to 3.9%, more than double its previous estimate of 1.9%. The stronger outlook reflects robust demand for semiconductors and...
Goldman Sachs Executives Set for Over $500 Million in Special Awards
Goldman Sachs Group’s top executives are set to receive special equity awards worth more than $500 million, Bloomberg News reported on Wednesday. The awards, granted in October 2021, were disclosed by Goldman in various...
GlobalFoundries Signs $2 Billion TSMC AI Chip Deal
GlobalFoundries said on Thursday it has reached a $2 billion, five-year agreement to manufacture silicon interposers for TSMC at its facility in Malta, New York. Silicon interposers are critical components used in advanced AI...