Chinese robotaxi operators Pony AI and WeRide face sustained operating losses through 2028 as domestic fleet utilization lags Waymo’s rate of more than 58%, Bloomberg Intelligence said.
Nexfibre Networks Ltd.’s £2 billion ($2.7 billion) deal for rival Netomnia Ltd. could reduce competition in the UK’s wholesale broadband networks, the country’s competition watchdog said on Friday, potentially threatening the first major consolidation in the crowded fiber market.
Amazon.com Inc. is exploring a deal to shift about $8 billion worth of top-end Nvidia Corp. chips off its balance sheet, according to the Financial Times.
Federal prosecutors arrested a California man on Thursday on charges of smuggling computer servers containing $300 million worth of Nvidia Corp. artificial intelligence chips to China in violation of US export controls.
SoftBank Group Corp.’s equity investors are increasingly focused on the potential returns from its AI bets, helping the stock rebound even as the Japanese company faces higher borrowing costs.
Two new islands have appeared off Anak Krakatau, potentially the first in nearly a century to emerge within the caldera left by Krakatoa’s catastrophic 1883 eruption.
Data center operator Firmus Grid Ltd. is seeking a A$43.7 billion ($30.3 billion) valuation in its Australian initial public offering this month, the Australian Financial Review reported on Thursday, citing pricing sent to potential investors.
Constantine Alexandrakis, who leads Russell Reynolds Associates and wrote The Catalyst CEO, joins to discuss the leadership challenge and the idea that CEOs cannot drive transformation alone. The discussion broadens into a larger question about what kind of CEO is needed when a company requires both cultural repair and strategic disruption. He speaks with Romaine Bostick on "The Close." (Source: Bloomberg)
The Close brings you the latest news and analysis leading up to the final minutes and seconds before and after the closing bell on Wall Street. Today's guests are Ferguson CEO Kevin Murphy, Envestnet CEO Chris Todd, Nuveen CEO Bill Huffman, EY Global Vice Chair Andrea Guerzoni, Allspring Global Investments Head of Equity Investments Ann Miletti, Mastercard Economics Institute Chief Economist Michelle Meyer, CFRA Equity Analyst Zachary Warring, Sports Marketing Consultant Joe Favorito, Bata Shoe Museum Director & Senior Curator Elizabeth Semmelhack, & Russell Reynolds Associates CEO Constantine Alexandrakis. (Source: Bloomberg)
In an exclusive interview on Bloomberg The Close, Andrea Guerzoni, EY Global Vice Chair, discusses a pullback in EY Parthenon’s latest CEO outlook survey. Guerzoni points to the survey’s confidence reading falling from a record 62% to 51% and asks why that drop occurred, noting it is a decline but not a collapse. He speaks to Romaine Bostick & Emily Graffeo on "The Close." (Source: Bloomberg)
Kevin Murphy, CEO of Ferguson, joins the program to discuss broader manufacturing conditions. Murphy notes that manufacturing appeared to emerge from a multiyear slump earlier in the year, helped by several tailwinds, and asks whether that momentum is still holding as the final three months of the year begin. He speaks with Romaine Bostick & Emily Graffeo on "The Close." (Source: Bloomberg)
A Chinese financing company owned by several local government entities has funded the purchase of restricted Nvidia Corp. chips, according to documents filed with Beijing regulators, suggesting state support for an illicit trade that Washington worries is fueling China’s AI progress.
After the 10-year Treasury yield rose as high as 5.34% for the first time since 2002, stock traders are fiercely debating when the selloff in bonds will start to trigger pain for a resilient US stock market.
Anthropic PBC is set to meet prospective investors on Oct. 14 in preparation for its initial public offering, according to people familiar with the matter, advancing its plan for a potential blockbuster listing even amid scrutiny over AI safety.
The US imposed a new round of sanctions on Russia’s A7, a financial services firm accused of using a global network of shell companies to move funds for sanctioned businesses, including in Iran.
An air traffic controller didn’t provide an Amazon.com Inc. cargo plane with wind information prior to it crashing at Miami International Airport last month, killing five people on the ground, according to accident investigators.
