How the ‘AI bubble’ really plays out
Everyone says we’re in an AI bubble. CEOs say it. Economists say it. Retail investors say it on social media every day. But while the public worries about overhyped chatbots…
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Google clears key antitrust hurdle in $32B Wiz acquisition
Alphabet’s Google has moved a step closer to completing its $32 billion acquisition of cybersecurity firm Wiz after clearing a major antitrust review by the US Department of Justice (DOJ).The…
Palantir boosts revenue forecast after Q3 beat, but stock falls: here’s why
Palantir Technologies Inc. raised its annual revenue forecast after reporting a stronger-than-expected third quarter, but shares of the data analytics firm fell in extended trading as investors questioned whether the…
Europe markets open: Stoxx 600 tumbles 1.1% as earnings caution takes hold
European stock markets fell sharply at Tuesday’s open, reversing the positive sentiment from the start of the month as investor focus shifted squarely to a heavy slate of corporate earnings…
Norway’s $2.1T wealth fund joins fight against Musk’s $1T Tesla pay package
In a significant development, Norway’s sovereign wealth fund, the world’s largest, said it would oppose ratifying Tesla Chief Executive Elon Musk’s proposed $1 trillion compensation plan, citing concerns about excessive…
Nintendo raises Switch 2 forecast as sales surge past 10 million units
Nintendo has revised its expectations for the Switch 2, projecting sales of 19 million units for the fiscal year ending March 2026, up from the earlier forecast of 15 million.…
From luxury watches to scam compounds: the rise and fall of Chen Zhi’s global empire
Three years ago, Cambodian Prime Minister Hun Sen presented a collection of locally crafted wristwatches to world leaders, including Joe Biden, Justin Trudeau and Anthony Albanese. Each watch bore the…
Pine Labs IPO: Rs 39 billion offer opens Nov 7 with shares priced at Rs 210-221
India’s digital payments landscape has matured from a rapid-growth experiment into a phase of financial discipline and market-driven clarity. At the centre of this evolution stands Pine Labs Ltd., the…
Europe markets open: FTSE up 0.3% as Ryanair profit jumps 42%
European markets began the new week and month with a positive, albeit cautious, tone on Monday, as investors digested a strong earnings report from Ryanair ahead of a pivotal week…
India’s ED freezes $350M in assets of Anil Ambani’s Reliance Group in bank probe
India’s financial crime agency has provisionally frozen Rs 30.84 billion ($350.87 million) in assets linked to Ani Ambani’s Reliance Group.The Enforcement Directorate (ED) initiated the action as part of an…