Stocks
Alphabet Seeks $80 Billion Capital for AI Infrastructure Expansion
Alphabet plans to raise $80 billion in equity capital through public offerings, an at-the-market program, and a private placement with Berkshire Hathaway...
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Stocks
Blackstone’s Asia Fund Reaches $13.1 Billion Mark
Blackstone Inc. has successfully raised $13.1 billion for its latest Asia private equity fund, surpassing its $10 billion target and demonstrating strong...
Finance
Anthropic Files Confidentially for Wall Street IPO, Valued at $965 Billion
AI firm Anthropic has confidentially filed with the SEC for a proposed initial public offering, signaling a major step toward a public...
Investing
Banks vs. Stablecoins: The Battle for Banking Power
Traditional banks, led by JPMorgan Chase, are pushing back against stablecoin issuers, viewing them as direct competitors for core banking functions and...
Economy
South Korea’s Inflation Quickens, Solidifying BOK’s Hawkish Policy
May consumer inflation in South Korea hit 3.1%, its highest in over two years, strengthening the Bank of Korea's hawkish stance. Rising...
Stocks
Spiro Secures $215 Million for African EV Infrastructure Expansion
African electric mobility firm Spiro has raised $215 million in equity financing to significantly expand its battery-swapping and electric vehicle infrastructure across...
Markets
Remote Work, Not AI, Drives 20% Unemployment Rise for Young Grads, Fed Research Finds
New research from the New York Fed indicates remote work, not AI, is behind a 20% rise in unemployment for recent college...
Stocks
Anthropic Files IPO Paperwork, Valued Near $1 Trillion
AI giant Anthropic has confidentially filed preliminary IPO paperwork, positioning its nearly $1 trillion valuation for a public debut amid a revived...
Markets
German Town Uses Play Money to Cut Carbon Emissions
A Bavarian town's local currency, born from a school project, is now incentivizing climate-friendly actions and reducing carbon footprints.