DeepSeek Taps CITIC Securities for Potential Shanghai IPO
Chinese artificial intelligence startup DeepSeek has tapped CITIC Securities to prepare for a potential initial public offering on Shanghai’s tech-focused STAR Market, according to two people familiar with the matter. The Hangzhou-based company aims...
Barclays Raises S&P 500 Year-End Target to 7,950
Barclays has raised its year-end target for the benchmark S&P 500 to 7,950, up from 7,800, citing stronger-than-expected corporate earnings and continued strength in technology stocks. The new target implies roughly 3.6% upside from...
US Escalates Canada Trade War With Alcohol, Dairy and Motorcycle Import Bans
The United States has sharply escalated its trade dispute with Canada, announcing import bans on a wide range of Canadian alcoholic beverages, motorcycles and dairy products starting September 29. The move follows Canada’s retaliatory...
Amazon Raises $5.76 Billion in First-Ever Sterling Bond Sale
Amazon is set to raise £4.25 billion ($5.76 billion) through its first-ever sterling-denominated bond sale, exceeding its initial target amid strong investor demand. The four-part offering attracted more than £12 billion in orders, highlighting...
Oil Prices Top $100 as Middle East Conflict Deepens Supply Fears
Oil prices climbed above $100 a barrel on Wednesday for the first time in six weeks, as escalating fighting involving U.S. and Iranian forces heightened concerns over oil supplies from the Middle East. Brent...
Amazon Plans First-Ever Sterling Bond Sale as AI Funding Needs Grow
Amazon has hired banks for its first-ever sterling bond sale, according to a memo seen by Reuters, as major technology companies increasingly tap global debt markets to fund the surge in spending driven by...
GE Aerospace to Buy Castings Supplier CPP for $11.75 Billion
GE Aerospace said Tuesday it will acquire aerospace castings supplier Consolidated Precision Products (CPP) from investment firms Warburg Pincus and Berkshire Partners for $11.75 billion. The deal will give GE greater control over a...
Google Revamps EU Search Results to Meet Antitrust Rules
Google on Tuesday rolled out major changes to its search results in Europe to comply with EU antitrust regulators, warning that the measures could reduce search quality and increase costs for European businesses. The...
Slovenia Approves Tesla’s FSD Supervised System
Slovenia has approved Tesla’s Full Self-Driving (FSD) Supervised driver-assistance system for use on its roads, making it the sixth European country to grant approval. Tesla said the rollout will begin soon. The announcement was...
Asian Stocks Slide as Yen Surges and Iran Tensions Lift Oil Prices
Asian stocks fell on Tuesday as a sharp surge in the yen, mixed economic data and rising geopolitical tensions weighed on investor sentiment. The yen climbed as much as 1% to 152.89 per dollar,...