SoftBank Group Corp. is examining a possible acquisition of US data center operator Switch Inc., according to people familiar with the discussions. Marking one of the most significant potential moves yet in Masayoshi Son’s effort to expand the company’s footprint in the accelerating artificial intelligence sector. The talks underscore the Japanese conglomerate’s intent to secure … Read more
Broadcom stock turned lower late Thursday despite the semiconductor giant reporting stronger than expected fourth quarter results and issuing an upbeat revenue outlook driven by accelerating demand for artificial intelligence hardware. The company’s earnings topped Wall Street estimates and highlighted rapid growth in custom AI accelerators and networking chips. The Palo Alto based company reported … Read more
The Walt Disney Co. announced Thursday that it will make a $1 billion equity investment in OpenAI and enter a broad three year licensing partnership that will allow users of the Sora video generation app to create content using more than two hundred Disney, Marvel, Pixar and Star Wars characters. The landmark Disney OpenAI deal … Read more
Gold slipped on Thursday after the Federal Reserve delivered a divided interest rate cut that left markets questioning how aggressively policymakers will ease next year. The move contrasted sharply with silver, which surged to another all time high on strong industrial demand and dwindling inventories. The developments come as investors digest mixed signals from the … Read more
Washington – The United States seized a sanctioned Venezuelan oil tanker off the coast of Venezuela on Wednesday, President Donald Trump said, marking a significant escalation in US Venezuelan tensions and sending global oil prices higher. “We’ve just seized a tanker on the coast of Venezuela, large tanker, very large, largest one ever, actually, and … Read more
Oracle stock sinks more than 10 percent in after hours trading Wednesday after the technology giant reported quarterly revenue that fell short of Wall Street expectations. Raising new concerns about the stability of the current AI boom and Oracle’s heavy dependence on major partners to drive growth. Oracle stock sinks appears as investors reassessed the … Read more
The Federal Reserve is expected to deliver another Fed rate cut on Wednesday, lowering its benchmark interest rate by a quarter point in what would be its third reduction this year. The move marks another step in the central bank’s effort to steady an economy that has shown signs of slowing as consumers navigate rising … Read more
LONDON — Madeleine Wickham, the British novelist known globally under her pen name Sophie Kinsella, died at age fifty five, her family announced Tuesday. The Sophie Kinsella death has drawn an outpouring of tributes from readers, authors and film collaborators who credited her with redefining contemporary romantic comedy literature. Wickham revealed in April 2024 that … Read more
MIAMI — Democrat Eileen Higgins has won the mayoral race in Miami, becoming the first woman to lead the city and ending nearly three decades of Republican dominance. The election marked a notable political setback for former President Donald Trump, whose policies on immigration and law enforcement were central issues in the campaign. Miami, a … Read more
SYDNEY — Hundreds of thousands of Australian teenagers woke Wednesday to find their social media accounts deactivated or inaccessible, as a new national law barring anyone under 16 from major platforms came into force. The legislation, aimed at protecting children from potential harms linked to online engagement, marks one of the world’s strictest government interventions … Read more
