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News
Oil prices jump more than $3 after new strikes on Saudi, Strait of Hormuz
12+ hour, 39+ min ago (92+ words) whtc.com Oil prices jump more than $3 after new strikes on Saudi, Strait of Hormuz BEIJING, Sept 14 (Reuters) – Oil prices rose more than $3 at market open on Monday, after new strikes on Saudi Arabia and on ships in the Gulf…...
Oracle’s quarterly revenue beats estimates as AI boom drives cloud demand
3+ day, 14+ hour ago (321+ words) Sept 10 (Reuters) – Oracle topped Wall Street expectations for first-quarter revenue on Thursday and lifted its annual profit forecast, boosted by strong demand for its cloud computing services from surging enterprise spending on AI. Shares of the company, which have fallen…...
AI chip startup Positron’s valuation skyrockets in latest funding round
3+ day, 19+ hour ago (269+ words) Sept 10 (Reuters) – Positron AI, a startup developing chips to run AI models, said on Thursday it has raised $875 million in its latest funding round, more than quadrupling its valuation in seven months to $5 billion. The startup had raised $230 million in…...
EU watchdog flags risk of abrupt market correction
3+ day, 21+ hour ago (291+ words) By Elizabeth Howcroft and Phoebe Seers PARIS, Sept 10 (Reuters) – A disconnect between deteriorating macroeconomic conditions and upbeat valuations risks triggering a market drop, the European Union’s financial watchdog said on Thursday, citing conflict in the Middle East and rising energy…...
AbbVie’s migraine treatment meets late-stage study goal
3+ day, 21+ hour ago (72+ words) 1450 AM 99.7 FM WHTC AbbVie’s migraine treatment meets late-stage study goal (Corrects keyword used by media clients to “ABBVIE-MIGRAINE/STUDY” from “ABBVIE-MIGRANE STUDY/”) Sept 10 (Reuters) – AbbVie said on Thursday its migraine treatment had met the main goal of a late-stage study…...
China’s DeepSeek launches V4.1-Flash model
4+ day, 4+ hour ago (98+ words) 1450 AM 99.7 FM WHTC China’s DeepSeek launches V4.1-Flash model BEIJING, Sept 10 (Reuters) – Chinese artificial intelligence startup DeepSeek on Thursday launched DeepSeek-V4.1-Flash, which the company said is the smallest model in its new architecture family, according to a statement. The release…...
Amazon will raise $5.8 billion in first sterling bond sale, lead managers say
4+ day, 18+ 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,…...
Cruz and Bardem star in Venice drama about power and isolation
5+ day, 16+ hour ago (534+ words) VENICE, Sept 8 (Reuters) – A tech billionaire’s secret survival bunker inspired Florian Zeller’s latest film, which premiered at the Venice Film Festival on Tuesday, providing a warning about isolation, power and a world controlled by a wealthy few. Starring real-life husband-and-wife…...
Kalshi’s $400 million-plus monthly commodity trade volume outpaces early crypto growth | 1450 AM 99.7 FM WHTC | Holland
5+ day, 20+ 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…...
Burstyn hails progress for women in film at Venice lifetime award
6+ day, 22+ hour ago (468+ words) VENICE, Sept 7 (Reuters) – Accepting a Lifetime Achievement Award at the Venice Film Festival on Monday, U.S. actor Ellen Burstyn hailed the transformation of opportunities for women in filmmaking since she began her career more than six decades ago. Burstyn, 93, said…...