Business

SpaceX is inching closer to this lofty $100 billion milestone

SpaceX has set an ambitious revenue target and a newly disclosed computing-power deal could get the company a bit nearer to its goal.

All the ways record-high diesel and rising gas prices are about to make your life more expensive

“Diesel touches everything in the economy,” one analyst says.

Asian Stocks, Bonds to Drop on Oil, Inflation Woes: Markets Wrap

Asian stocks and bonds were set for declines after a surge in oil prices sparked a selloff in US markets, while the latest inflation data reinforced bets on an imminent Federal Reserve rate hike.

Bessent Dismisses Concern on Buyback, Says Treasuries Are Strong

Treasury Secretary Scott Bessent dismissed any concerns with regard to Thursday’s smaller-than-expected debt buyback operation, and played down concerns about a jump in yields.

Latest Oil Market News and Analysis for Sept. 11

Oil extended its powerful rally above $100 a barrel following an escalation of hostilities in the Middle East that has stoked fears of deeper supply disruptions.

Here are the stocks to favor in the fourth quarter — and those you should avoid

Large caps tend to outperform small caps as year’s end approaches.

Blackstone’s AirTrunk Seeks $1.6 Billion Loan for Singapore IPO

AirTrunk, a data center operator owned by Blackstone Inc., is in talks with banks to borrow about S$2 billion ($1.6 billion) to help finance the public listing of a real estate investment trust backed by its assets, according to people…

Commentary: A US$2,000 iPhone gives Apple’s new CEO his Steve Jobs moment

Apple will need to spend a great deal of energy explaining the “why” of a foldable iPhone that costs at least US$2,000, says Bloomberg Opinion's Dave Lee.

Pentagon in talks to lend $5 billion to AI cloud startup Fluidstack, WSJ reports

Thoma Bravo Again Rolls Out Sweeteners With Sophos Debt Deal

Thoma Bravo has begun making concessions to lenders in a bid to refinance the debt of cybersecurity firm Sophos, marking the private equity firm’s latest effort to assuage creditors concerned about AI disruption.

Africa: African Development Bank Group and African Forum of Deposit Funds Enter Into New Alliance to Mobilize More…

[African Development Bank (AfDB)] The African Development Bank Group and the members of the African Forum of Deposit Funds have agreed to strengthen their cooperation to mobilise more long-term financing for the continent's sustainable…

Fanatics’ King on Sports Betting and Prediction Markets

Fanatics’ Betting and Gaming CEO Matt King discusses the company’s newly launched all-in-one app, which combines sports betting, casino, and prediction markets. King discusses Fanatics’ position in a market long dominated by DraftKings and…