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Amazon will raise $5.8 billion in first sterling bond sale, lead managers say
4+ day, 20+ hour ago (331+ words) LONDON, Sept 9 (Reuters) – Amazon will raise £4.25 billion ($5.76 billion) in its first-ever sterling bond sale, more than initially expected, according to a bank managing the deal, as hyperscalers rush to diversify their funding sources to finance the AI boom. The deal,…...
Kalshi’s $400 million-plus monthly commodity trade volume outpaces early crypto growth | 1450 AM 99.7 FM WHTC | Holland
5+ day, 22+ hour ago (292+ words) Sept 8 (Reuters) – Prediction market startup Kalshi said on Tuesday monthly commodities trading volume on its platform was four times that of cryptocurrency at the same point, seven months after launch. • Commodities trading reached more than $400 million of monthly volume, the…...
Snowflake shares surge as AI demand powers growth, lifts outlook
1+ week, 4+ day ago (342+ words) Sept 3 (Reuters) – Snowflake’s shares surged more than 24% before the bell on Thursday as investors cheered a stronger annual revenue forecast and signs that the company’s AI products are gaining traction. The cloud data platform provider lifted its fiscal 2027 product revenue…...
US urges G20 countries to allow AI training on creators’ work
1+ week, 4+ day ago (402+ words) By Courtney Rozen and JC Whittington CHAPEL HILL, North Carolina, Sept 2 (Reuters) – The U.S. urged G20 countries on Wednesday to develop rules governing how AI companies use copyrighted material to train their systems, as major American technology firms face mounting lawsuits…...
Tesla set to hold Cybercab event in Austin, Texas
1+ week, 5+ day ago (351+ words) SAN FRANCISCO, Sept 2 (Reuters) – Tesla is set to hold an event for its purpose-built robotaxi Cybercab in Austin, Texas, on Thursday, amid much fanfare, as well as questions about regulatory hurdles and safety of the technology. • The Cybercab is a…...
Owkin signs AI drug discovery deal with Boehringer for cancer, immunology
1+ week, 5+ day ago (171+ words) Sept 2 (Reuters) – AI company Owkin said on Wednesday it has signed a licensing deal with Germany’s Boehringer Ingelheim, giving the drugmaker access to its AI research platform and patient data to speed up discovery of drugs for cancer and immunity-related…...
Poll finds widespread opposition to more data centers
1+ week, 5+ day ago (99+ words) 1450 AM 99.7 FM WHTC Poll finds widespread opposition to more data centers LANSING, MI (WKZO AM/FM) – A poll from EPIC-MRA finds 62% of Michigan voters are opposed to data center developments in the state. 50% strongly oppose the data centers and 73% oppose…...
Berkshire CEO Abel sees opportunity for energy business from AI
1+ week, 5+ day ago (197+ words) NEW YORK, Sep 2 (Reuters) – Berkshire Hathaway Chief Executive Greg Abel said on Wednesday he sees significant opportunities for the conglomerate’s energy business from the buildout of AI data centers, after Berkshire made Google parent Alphabet its third-largest common stock holding....
Analysis-No shortage of culprits in panic over long US Treasury yields
1+ week, 5+ day ago (752+ words) PROVIDENCE, Rhode Island, Sept 2 (Reuters) – Higher long-end Treasury yields are unlikely to retreat anytime soon, and a host of intertwined supply and demand factors will likely hamstring U.S. policymakers seeking to cap borrowing costs. That is because the renewed surge…...
Morning Bid: Who will police the bond vigilantes?
1+ week, 5+ day ago (404+ words) A look at the day ahead in European and global markets from Gregor Stuart Hunter Bond yields are hitting new milestones as fighting resumes between the U.S. and Iran and oil prices surge, sending Brent crude above $95 and the yield on…...