Business

US Stock Futures Drop as Traders Focus on AI Spending, Oil Jumps

US stock futures retreated as worries over artificial-intelligence spending weighed on sentiment while oil prices closed in on $100 a barrel. Traders braced for more key earnings from Intel Corp., due later in the afternoon.

Cellnex Studies Strategic Options After Share Price Slump

Cellnex Telecom SA is evaluating strategic options, according to people familiar with the matter, as the wireless tower operator looks at ways to grapple with its debt load and weak share price.

Google Sets the Pace on Hefty A.I. Spending

The technology giant again raised its projections for investing in artificial intelligence. Many on Wall Street still worry about the eventual payoff.

Alphabet's cash burn raises alarm for Big Tech as AI spending climbs

GCM Grosvenor Raises $1.2 Billion for Credit Secondaries Push

GCM Grosvenor has raised $1.2 billion for its first dedicated fund strategy targeting credit secondaries.

Short sellers notch $15.5 billion profit as SpaceX shares slip -Ortex

Lockheed Martin’s stock leaps as push to build more missiles faster pays off

Lockheed Martin’s stock jumps as a ramp up in missile production helped lead to an earnings beat and raise.

How China can safeguard visual heritage against Western luxury brand exploitation

In early July, a Suzhou court ordered the Chinese tea chain Molly Tea to pay Louis Vuitton 10.3 million yuan (US$1.5 million) after ruling that its four-petal floral pattern infringed on the French luxury house’s registered trademarks…

Africa: Africa's Blue Economy Generates Over $298 Billion Annually

[ANGOP] Luanda -- The African Union (AU)'s Director of Blue Economy and Sustainable Environment, Hersen Nyambe, stated on Wednesday (22,) in Luanda, that the continent's blue economy currently generates over 298 billion dollars in annual…

Musk proposes peer review for frontier AI models in Economist interview

What was the best business move of the last 12 months and who made the biggest blunder

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Alphabet’s Century Bond Has Now Lost a 10th of Its Face Value

A 100-year bond that Alphabet Inc. issued earlier this year in the sterling market as it gorged on debt around the world has dropped below 90 pence on the pound for the first time.