Business
Amazon disclosed for the first time that its artificial intelligence business has reached an annualized revenue of more than $15 billion within its cloud division, marking a key milestone in the company’s effort to monetize its heavy investments in AI infrastructure. The figure was revealed in......
Aerospace components manufacturer Arxis is preparing for a major debut on Wall Street, targeting a valuation of more than $11 billion in its planned initial public offering (IPO) in the United States. The company’s listing comes at a time when defense and aerospace-related firms are attracting......
FedEx is preparing a major strategic shift as its freight division, FedEx Freight, outlines ambitious growth targets ahead of its planned separation into an independent company. The unit, which specializes in less-than-truckload (LTL) shipping services, has announced medium-term goals that include steady......
European energy shares declined sharply following a significant drop in oil prices after a ceasefire agreement between the United States and Iran eased geopolitical tensions. Major companies including Equinor, BP, Shell, Eni, and TotalEnergies recorded notable losses as markets reacted to the sudden......
Investment firm Pershing Square, led by billionaire investor Bill Ackman, has put forward a proposal to acquire Universal Music Group (UMG) in a deal valued at nearly $65 billion, combining cash and stock. According to the offer, the transaction would value the world’s largest music company at......
Neurocrine Biosciences announced on Monday that it will acquire Soleno Therapeutics for $2.9 billion in cash, marking a strategic expansion into treatments for metabolic disorders. The deal includes a $53 per share offer, representing a roughly 34% premium over Soleno’s previous closing price. The......
Tesla recorded record sales in South Korea and strong growth in Australia during March, closing out a first quarter driven by the refreshed Model Y and a global oil crisis that is pushing consumers toward electric vehicles at an accelerating pace. Tesla delivered 11,130 vehicles to South Korean customers......
Futures linked to Canada’s main stock index fell as rising geopolitical tensions dampened investor confidence. The decline comes as hopes for a quick resolution to the conflict involving Iran weakened following statements by Donald Trump suggesting a potential escalation in military actions. Contracts......
SpaceX has confidentially filed for an initial public offering with the U.S. Securities and Exchange Commission, according to Bloomberg News, setting the stage for what could become the largest IPO in history. The rocket and satellite company led by Elon Musk is preparing a listing as early as June.......
A new wave of major initial public offerings (IPOs) is expected to reshape Wall Street in 2026, as some of the world’s most valuable private companies prepare to enter the stock market. Among them, SpaceX, led by Elon Musk, is drawing significant attention after reportedly submitting confidential......
Micron Technology shares plunged more than 20% over six straight sessions, entering bear market territory. Investors fear Google's new AI memory compression algorithm could weaken demand for chips fueling the artificial intelligence surge. The stock fell 7% Thursday to close at $355.46, down 23%......
Nearly a month after US and Israeli strikes ignited the US-Iran conflict on February 28, fund managers scramble to reshape portfolios. Persistent volatility and surging oil prices upend standard investment approaches. Investors rush to cash and safe havens. One Australian small-cap fund boosted its......
Futures tied to Canada’s main stock index, the S&P/TSX Composite, slipped on Friday as ongoing uncertainty surrounding the Middle East conflict kept investors cautious. Gains in oil and gold prices limited losses in the resource-heavy market. As of 06:26 a.m. ET, June futures on the TSX were......
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