In mid-August, chipmaking giant Nvidia announced a $500 billion effort to jointly finance the AI boom alongside Wall Street’s biggest investment banks, but not everyone is a fan of this development. Jeff Gundlach, the founder and CEO of Los Angeles-based DoubleLine Capital, was skeptical about the $500 billion fund, saying it “will not likely age…
HONG KONG, Aug 19 (Reuters) – Alphabet has raised A$5.5 billion ($3.89 billion) via its inaugural Australian dollar debt issuance, according to a term sheet seen by Reuters, adding to the hectic pace of fundraising by global technology companies. The U.S. tech giant raised the amount by issuing 3-, 5-, 10- and 20-year bonds, the…
Aug 19 (Reuters) – Samsung Electronics has raised prices for some advanced contract chipmaking services by up to 15% for new orders, two people familiar with the matter said, as demand for AI chips tightens capacity in a business long dominated by TSMC. Demand from Chinese customers has been particularly strong, but Samsung has been…
Equinor is making its first entry into Namibia after agreeing to acquire a 17.4% participating interest in Petroleum Exploration Licence 90 from Harmattan Energy Limited, a Chevron subsidiary. PEL 90 covers Block 2813B in Namibia’s offshore Orange Basin and includes a drill-ready prospect that is scheduled to be tested in 2026, Equinor said Tuesday. The…
NEW YORK (AP) — U.S. stocks rose Wednesday after the U.S. Treasury Department announced a move that could ease pressure coming from the bond market. Strong profit reports for the spring from Estee Lauder, Target and other U.S. companies also helped support Wall Street. The S&P 500 climbed 0.2% for its first gain in four…
Australian oil and gas producer Santos reported a better-than-expected first-half profit despite a year-on-year decline, as higher costs associated with the start-up of Barossa LNG and Pikka offset increased production and broadly stable revenue. Underlying profit fell to $397 million from $508 million a year earlier, while net profit after tax declined to $355 million…
Ocean freight spot rates have skyrocketed by over 400%, but surprisingly, demand isn’t the primary cause. This SONAR Update breaks down how capacity control and strategic blank sailings by concentrated ocean carriers are driving prices. Plus, we dive into the state of trucking tender rejections, rising operating costs, and the shift towards a more regulated…
Klarna (KLAR) stock plunged on Tuesday after the consumer financing firm reported second-quarter earnings that topped views but the company lowered guidance. Shares in rival Affirm Holdings (AFRM) dipped on the news. Sweden-based Klarna reported an adjusted per-share profit of 1 cent versus a 14-cent loss a year earlier. Revenue climbed 27% to $1.04 billion….
Microsoft (MSFT) staged a spectacular recovery after its earnings report, only to risk a sell signal on Tuesday. But there were a few telltale chart features that have kept some investors away even when the stock broke out earlier in August. Is Microsoft stock a sell now? Shares cleared a cup base at a pivot…
Shared truckload could cut shipping costs 30% to 40% as truckload rates climb. Flock Freight CEO Pat Dillon breaks down how it works, where it fits between FTL and LTL, and why shippers are leaning on it ahead of peak season.In this conversation, Dillon also digs into cargo security, fraud controls, peak-season capacity, and what…
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