Citi told clients in a note Friday that investor attention around potential asset bubbles has shifted away from large-cap US benchmarks toward chipmakers and South Korean stocks. The bank has argued for some time that US equities broadly are in bubble territory while maintaining …
As the US-Iran war continues with no resolution in sight, oil traders and policymakers are increasingly focused on whether global oil stockpiles are sufficient to offset what could become the largest supply disruption on record. Saudi Aramco'sLeadershipestimates the world has lost 2.6 billion barrels …
Goldman Sachs Group Inc. (NYSE:GS) has emerged as a key facilitator of several high-profile AI-related financing transactions in recent weeks, generating substantial fee income for the bank. Nvidia Corp. (NASDAQ:NVDA) said Monday that Goldman and five other financial institutions would combine efforts to raise …
Intel Corp. (NASDAQ:INTC) chief executive Lip-Bu Tan flagged a potential return to the memory chip business, calling new memory architecture "one of my pet projects" during remarks on a technologyVenture Capitalpodcast this week. The disclosure follows two significant recent moves by the company: a …
OpenAI's enterprise business now accounts for more revenue than its ChatGPT-led consumer division, chief financial officer Sarah Friar told investors at a meeting Friday, according to a person in attendance. The company had entered the year with a 60-40 split favoring consumer revenue, but …
United Wholesale Mortgage, one of America's largest mortgage lenders byLoanorigination volume, revealed a $603 million loss tied to a bad bet on falling interest rates, prompting the company to arrange a $2.1 billion capital injection led by distressedDebtinvestor Oaktree Capital Management. UWM chief executive …
Berkshire Hathaway sharply increased its stake in Alphabet Inc. (NASDAQ:GOOGL) during the second quarter, vaulting the Google parent into the firm's three largest US-listed equity holdings. Berkshire, now operating under chief executive Greg Abel, owned about 106 million Alphabet shares worth $37.9 billion at …
Big Tech capital spending on data centers remains a dominant theme as the second-quarter earnings season winds down, with investor reaction varying sharply based on how companies frame their spending plans. Alphabet Inc. (NASDAQ:GOOGL) raised its 2026 capital expenditure outlook to as high as …
BP has been awarded a license by Venezuela's government to explore and develop the Loran Phase 2 gasfield, located off the country's north-east coast and holding an estimated 4 trillion cubic feet of recoverable gas resources. The company will join XRG, the overseasInvestmentarm of …
Chinese technology stocks are trading at valuations far exceeding their US counterparts, driven by government backing and investor enthusiasm for the country's AI sector. Shanghai's Star 50 index, which tracks the 50 largest companies on the tech-focused Star board, has returned 29% this year, …