Nvidia in Talks to Invest in Perplexity at $30B+ Valuation
Nvidia is reportedly in discussions to invest in AI search startup Perplexity as part of a funding round that would value the company at more than $30 billion, according to The Information. The potential...
Shein Valuation Slumps 70% as Hong Kong IPO Tests Investor Confidence
Online fast-fashion giant Shein is seeking to raise up to HK$13.86 billion ($1.77 billion) through its Hong Kong IPO, valuing the company at nearly $27 billion—about 70% below its $100 billion private-market peak in...
U.S. Services Sector Drives Sharp August Business Activity Surge
The U.S. services sector recorded its strongest growth in nearly two years in August, driving a sharp acceleration in overall business activity and more than offsetting slower manufacturing growth. S&P Global’s flash Services PMI...
GM Probe Over Engine Failure Concerns
The U.S. National Highway Traffic Safety Administration (NHTSA) has opened an investigation into nearly 1 million General Motors pickup trucks and SUVs over concerns about engine failures. The probe covers 997,743 vehicles from the...
Uber Faces €825 Million GDPR Fine
The Dutch Data Protection Authority has fined Uber €825 million ($966 million) for allegedly violating European data protection rules by using automated systems to suspend or deactivate drivers without providing adequate information or meaningful...
Samsung Sets Record Shareholder Returns
Samsung Electronics expects its shareholder returns this year to reach as much as 110 trillion won ($79.54 billion), including 30 trillion won in cash dividends in the third quarter. The payout would be more...
AI Debt Boom Tests Investor Appetite
The surge in debt issuance by technology giants to finance the artificial-intelligence buildout is beginning to test investor appetite, with bond buyers demanding higher yields as the market absorbs record supply. While investors remain...
Australia Tightens Rules on Tech Giants Over News Content
Australia has passed legislation requiring major technology companies to strike commercial agreements with local news publishers or face a levy of 2.5% of their advertising revenues. The News Bargaining Incentive is aimed at ensuring...
Samsung Eyes Over $72 Billion Shareholder Return Plan
Samsung Electronics is set to announce a new shareholder return programme worth more than 100 trillion won ($71.75 billion) later this month, according to South Korean media reports. The plan is expected to include...
Crypto Stocks Surge as Trump Pushes Clarity Act
Cryptocurrency and blockchain-related stocks rallied on Thursday after U.S. President Donald Trump urged Congress to pass legislation establishing clearer rules for digital assets. The comments followed a White House meeting with cryptocurrency industry executives,...