Business
Elon Musk intends to reserve up to 30% of SpaceX's upcoming initial public offering for individual investors, at least triple the typical 5-10% share in standard IPOs. Reuters reported Thursday that this approach breaks from convention, with SpaceX CFO Bret Johnsen pitching the oversized retail allocation......
Enterprise software stocks fell sharply on Tuesday after a report by The Information revealed that Amazon Web Services is developing AI agents to automate functions across its sales, business development, and technical specialist teams. The disclosure reignited investor fears that autonomous AI agents......
Melius Research has lowered its price target on Microsoft to 400 dollars from 430, maintaining a neutral rating and signaling growing skepticism about the company’s ability to convert its heavy artificial intelligence investments into sustained revenue. Analyst Ben Reitzes described Microsoft’s......
Jet fuel prices have surged sharply in recent weeks, sending shockwaves through the global aviation industry as supply disruptions linked to the Iran conflict drive costs to levels not seen in decades. Data from the International Air Transport Association shows the global average price of jet fuel reached......
TotalEnergies and U.S. authorities announced on Monday a major shift in energy strategy, redirecting nearly $1 billion initially allocated for offshore wind projects to oil and natural gas production in the United States. As part of the agreement, the U.S. government will reimburse TotalEnergies for......
Grab Holdings has agreed to acquire foodpanda’s delivery business in Taiwan for $600 million in cash, marking the Singapore-based company’s first expansion outside Southeast Asia. The deal will extend Grab’s footprint to a ninth market, adding operations in 21 Taiwanese cities and......
DoorDash has introduced an emergency relief program aimed at supporting delivery drivers in the United States as fuel prices continue to rise sharply. The initiative comes at a time when gig workers are facing increasing operating costs due to higher gasoline prices linked to global energy market disruptions. Under......
Berkshire Hathaway has acquired a 2.5 percent stake in Japan’s largest insurer, Tokio Marine Holdings, in a deal valued at about $1.8 billion, marking a new strategic partnership between the two companies. Tokio Marine said it would sell treasury shares worth 287.41 billion yen to National Indemnity,......
U.S. stock index futures fell on Monday as escalating tensions in the Middle East fueled concerns over energy infrastructure and sent oil prices soaring above $100 a barrel. The heightened conflict prompted investors to reassess expectations for Federal Reserve interest rate cuts, reducing optimism for......
Oil refiners across Asia are reassessing their supply strategies following a temporary decision by the United States to ease restrictions on Iranian crude exports. The move comes amid concerns over tightening global energy supplies and rising market volatility. In India, several refiners are preparing......
Amazon chief executive Andy Jassy said artificial intelligence could help Amazon Web Services reach 600 billion dollars in annual revenue within the next decade, significantly raising his earlier forecast, according to remarks reported by Reuters. Speaking at an internal company meeting, Jassy said......
Amazon.com Inc. is planning a major reduction in the number of packages it ships through the U.S. Postal Service, according to reports from the Wall Street Journal. The move, expected to cut postal shipments by at least two-thirds, could result in significant revenue losses for the Postal Service, which......
Lululemon Athletica on Tuesday projected annual revenue and profit slightly below Wall Street expectations, reflecting ongoing challenges in a competitive market and internal governance issues. The announcement comes amid a period of leadership change and strategic uncertainty for the company. Lululemon......
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