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1 min read

Chip fever has created an $11 billion debt market backed by Nvidia's AI-enabling GPUs

Wall Street firms are loaning billions to a handful of tech companies that have used Nvidia's AI-en…

Jennifer Sor   


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2 mins read

Bradley Saacks   


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5 mins read

Will Caroline Ellison get jail time for her role in the $11 billion FTX fraud scheme? Here's what the judge must weigh.

Caroline Ellison likely won't do time for her role in FTX's collapse, ex-prosecutors say, though th…

Jacob Shamsian   


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2 mins read

2 crypto tycoons are almost $15 billion richer after Trump's election victory

Binance founder Changpeng Zhao and Coinbase CEO Brian Armstrong became a whole lot wealthier on the…

Theron Mohamed   


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Spirit Airlines stock plunges after report it's considering filing for Chapter 11 bankruptcy

A Chapter 11 bankruptcy has the potential to let Spirit Airlines restructure its debt following a f…

Lian Kit Wee,Will Martin   


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1 min read

Traders betting against clean energy stocks have made $1.3 billion since Trump's election win

Renewable energy stocks have tumbled since Trump won the election, as markets eye the potential for…

Kelly Cloonan   


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4 mins read

Qatar Investment Authority unit, SBI funds, Citigroup biggest buyers in Adani Energy's USD 1 billion QIP

The Rs 8,373.10 crore (USD 1 billion) qualified institutional placement (QIP) of Adani Energy Solut…

PTI   


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4 mins read

Here's where OpenAI's 11 cofounders are now

OpenAI has lost two of its cofounders in 2024. Here's where all 11 cofounders are now.

Jyoti Mann   


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2 mins read

Counting the cost of Spain's hellish floods, the government pledged $11B, local officials want $34B

Spain's Valencia province was hit hard by floods last week. The government has pledged $11 billion …

Thibault Spirlet   


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2 mins read

Dior and Gucci owners suffer $14 billion wealth crash as luxury stocks slide

LVMH's Bernard Arnault and Kering's François Pinault took a hit to their vast fortunes as luxury st…

Theron Mohamed   


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3 mins read

COP29 to commence from Nov 11; here’s what to expect from the world's biggest climate conference this time

With the world teetering on disaster and new US President Trump's controversial takes on climate ch…

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2 mins read

Nvidia's value soars by $400 billion in 5 days. That's more than Costco is worth.

Nvidia's 14% rally has made the chipmaker more valuable than Microsoft, and CEO Jensen Huang the wo…

Theron Mohamed   


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3 major hurricanes in the last 13 months did billions of dollars of damage to Florida's farmlands — and that was before Milton

Milton's estimated damage was on par with the combined damage from Hurricanes Helene, Idalia, and D…

Aditi Bharade   


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Russia's war economy is so hot that at least 12 of its oligarchs received $11 billion in dividends over 15 months

The biggest winners from the dividend payouts were commodities exporters, Bloomberg reported.

Huileng Tan   


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2 mins read

Hurricane Milton might cost insurers up to $50 billion — but it could have been much worse, analysts said

Hurricane Milton's insured losses could range from $30 billion to $50 billion, but it's far from an…

Lian Kit Wee   


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Wipro announces 1:1 bonus issue; share surges 4% on the back of strong Q2 results

Yesterday, the company posted a solid 21.2% YoY rise in its consolidated net profits, which stood a…

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1 min read

Airport industry to see profit before tax of $1.3 billion this fiscal

"The topline will grow due to an increase in aeronautical revenue along with the receipt of…

PTI   


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Apollo reportedly offering multi-billion dollar investment to Intel after reports of acquisition by Qualcomm

Apollo Global Management Inc. is reportedly considering a multibillion-dollar investment in Intel, …

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Hurricane Milton is headed right into $1.1 trillion worth of commercial real estate properties: Moody's

There are more than 235,000 commercial properties that could be exposed to dangerously strong winds…

Aditi Bharade   


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5 mins read

Anthropic's power players: Here are the 11 leaders helping shape the future of the Amazon-backed AI company

Meet the leaders at Anthropic, who are driving safe AI innovations, and appealing to Fortune 500 co…

Darius Rafieyan