Business.
Sequoia, Benchmark and Coatue backed a $1 billion round for the viral personal-assistant app, intensifying a race with Meta's rival agent, Muse.
Third-quarter revenue topped Wall Street forecasts on strong international growth, even as PepsiCo lowered its core earnings guidance for the year.
Spot rates on trans-Pacific lanes are still running more than four times pre-crisis levels, but freight analytics firm Xeneta says the surge has topped out and a gradual cooldown — not a collapse — is coming.
The 30-year fixed rate rose to 7.40% this week, extending a seventh straight weekly increase as the Treasury selloff that sent long-bond yields to 24-year highs ripples into home finance.
A long-overlooked 1951 painting by Chicago surrealist Gertrude Abercrombie set a new auction record for the artist after a picker found it in a Michigan hallway.
The Austin-based audio and power-management chipmaker has quietly closed its acquisition of a Pavia-based semiconductor design house, adding engineering talent and intellectual property on undisclosed terms.
Crunchbase counted a record 27 billion-dollar funding rounds last quarter, led by matching $5 billion raises for Databricks and Safe Superintelligence, even as funding outside AI stayed comparatively muted.
Brent crude has stayed above the century mark for weeks as Washington reinforces its naval presence near the Strait of Hormuz and fresh tanker incidents keep traders on edge.
The S&P 500 is sitting just below its all-time peak even as the 30-year Treasury yield pushes toward levels last seen in 2001, a split forcing investors to square record stock prices with a deepening bond-market selloff.
A new industry survey finds Halloween spending climbing again this year, driven partly by a surge in costumes for dogs and cats — most of them, naturally, pumpkins.
Seven OPEC+ members kept November production at September's level, extending a pause after six months of increases as supply risk from the Middle East keeps crude elevated.
A year-long waiver on Zambia's 10% concentrate export tax lapsed just as a flagship smelter restarted after a maintenance outage that ran six weeks over schedule.
Minutes from the September meeting show policymakers raised rates a quarter point and signaled they aren't done, even as they acknowledged inflation hasn't cooled as much as hoped.
The AI company is finalizing a $15 billion credit line as bankers prepare investor meetings for what could be one of the largest public offerings ever.
Coatue and Blackstone are leading a round that could value the Nvidia-backed cloud provider at $14.5 billion, as a single $35 billion commitment from Anthropic fuels its push toward a 2027 listing.
Trade commissioner Maroš Šefčovič heads to Beijing for two days of talks aimed at curbing a tenfold surge in Chinese hybrid-car exports, as Germany and France push the EU toward tougher trade defenses.
European and US borrowing costs climbed in tandem Wednesday as Brent crude's push back above $101 a barrel revived fears that central banks will stay restrictive for longer.
Kristalina Georgieva says record public debt, a renewed energy shock and an unproven AI investment boom could combine into what she calls a 'far-reaching shock' for the world economy, as IMF and World Bank meetings open next week in Bangkok.
A single Pokemon promo card, one of only 100 ever printed, became the second-most expensive in the game's history at a Fanatics auction.
Manufacturers and defense contractors are securing supply of the critical mineral ahead of a Nov. 27 deadline, when Beijing's year-long suspension of export controls is set to expire.
A blank-check merger valuing the e-grocery marketplace at about $220 million moves toward a shareholder vote after US regulators declared its registration effective.
The stock-and-cash deal combines two of the largest freight brokerages in North America and is expected to close in the first half of 2027.
Nvidia, SpaceX and Taiwan Semiconductor led tech shares to fresh highs Monday even as the 10-year Treasury yield climbed to its highest level since 2002.
The Austin proptech startup's $120 million equity round, led by Saluda Grade, comes with $330 million in new debt capacity as it races to finance deals through a slower housing market.
Governments plan a frontloaded diesel release over the next four months as fighting in Ukraine and the Gulf erodes global refining capacity and pushes pump prices to records.
A surprisingly soft September jobs report cooled bets on further Fed tightening, sending the Nasdaq and Nvidia to fresh records even as Treasury yields held near multi-year highs.
Seven producers led by Saudi Arabia and Russia will carry existing targets into next month as the war between the U.S., Israel and Iran keeps millions of barrels off the market and crude hovers near $100.
The London AI-cloud operator's pre-IPO convertible notes arrive weeks after a $45 billion computing deal with Anthropic reshaped its growth story.
The two-year-old firm, anchored by a $30 million commitment from Ares Management, deliberately stopped short of its own target after courting founders who felt misunderstood by generalist investors.
Eight producers meet Sunday to decide whether to add more barrels to a market on edge over Strait of Hormuz tanker attacks and collapsing shipping traffic.
The chipmaker's revised $123-a-share buyout trades stock-swap risk for certainty, but an unnamed rival bidder has reshaped one of the year's biggest semiconductor mergers.
Analyst estimates for Tesla's third-quarter deliveries span a 60,000-vehicle range, the widest in years, after the expiration of the federal EV tax credit scrambled year-over-year comparisons.
The startup, whose software now handles leasing and patient paperwork for one in six U.S. apartments, raised $350 million led by Andreessen Horowitz and Bessemer.
Gold is holding near $4,180 an ounce, but it's silver, platinum and palladium posting the sharper gains this week as the 2026 metals rally shows no sign of fading.
The September employment report lands at 8:30 a.m. after a summer of shocking misses and friendly revisions, leaving traders guessing what the labor market will show next.
A pristine copy of Captain America Comics No. 1 anchored an $18 million haul for a newly surfaced collection.
Investment-grade issuance was supposed to surge into autumn. Instead it posted its weakest post-Labor Day showing since 2020, even as tech giants keep borrowing heavily to fund the AI buildout.
Advisers have told Sam Altman he can list sooner at a lower price or hold out for a $1 trillion valuation and wait — and the delay is already costing one of OpenAI's biggest backers.
Benchmark crude has given back most of its war premium as shipping through the world's most important oil chokepoint recovers, forcing Wall Street to walk back triple-digit price forecasts.
A month after Kevin Warsh's Fed delivered its first rate increase since 2023, prediction markets can't agree on whether a second hike is coming — and Wall Street is caught in the middle.
A fresh bond-market selloff pushed long-term borrowing costs to levels last seen in 2002, even as the president pressed for Fed Governor Jerome Powell's removal following a watchdog report on the central bank's costly renovation.
The New York startup, whose software already runs leasing and maintenance for one in six U.S. apartments, raised $350 million as investors keep betting on AI tools with real enterprise revenue.
Workers at Antofagasta's Centinela mine voted overwhelmingly to strike and BHP's Escondida supervisors wrapped their own rejection vote, keeping supply worries alive in the world's top copper-producing country.
The S&P 500 and Nasdaq fell for a third session as the 10-year Treasury yield touched its highest level since 2007 and the Strait of Hormuz standoff kept oil and gold elevated.
Investors ordered more than $109 billion for the debt that will help fund the $110 billion Warner Bros. Discovery takeover, even as rating agencies mark the combined company's balance sheet junk and a federal judge weighs a final settlement.
Fidelity and Amplify co-led an oversubscribed Series C round for the edge-AI chip startup, whose founder previously served as chief operating officer at rival Groq.
Retail diesel touched an all-time high above $6.50 a gallon last week, pushing Trump toward a export restriction that refiners warn could raise gasoline and jet-fuel prices instead.
Mesabi Metallics plans what the White House calls the largest steel plant in American history, a Lee County, Iowa complex tied to the administration's steel tariffs and backed by billions in federal financing.
The Chinese automaker will fold its commercial-fleet battery-swap business into Nio Power for a 30% stake, turning a years-long technical partnership into a full business combination.
Oil topped $107 a barrel and borrowing costs surged to levels last seen before the financial crisis after the White House turned down Tehran's conditional plan to reopen the Strait of Hormuz.
Insight Partners led the round as demand surges for specialized training data to feed frontier AI models, with the Stanford spinout's revenue growing eighteenfold over the past year.
With Comex prices near an all-time high, supervisors at BHP's Escondida mine in Chile vote this week on strike action just as tariff-driven flows reshape global metal markets.
The Surface Transportation Board rejected motions by competing railroads and shipper groups to summarily dismiss the $85 billion transcontinental merger application, teeing up a full review.
With antitrust settlements secured and regulators cleared worldwide, Paramount Skydance is pushing to complete its acquisition of Warner Bros. Discovery before a contractual deadline raises the price it must pay.
A seafarer's death aboard the bulk carrier Cape Dao came as Washington and Tehran reopened indirect UN contacts, with a durable deal to reopen the waterway still unsigned.
The round, Harvey's fourth in less than two years, underscores investors' willingness to pay up for AI startups posting outsized revenue growth.
A new bilateral trade council and a fledgling AI dialogue emerged from the three-day Washington visit, even as full tariff schedules wait until Monday.
Microsoft's Copilot overhaul and a record Apple close powered stocks past a jump in 10- and 30-year Treasury yields to their highest levels in decades.
The Keeneland September Yearling Sale closed with $536.7 million in gross sales, breaking its own record from a year earlier and cementing its status as the highest-grossing Thoroughbred auction in history.
The tunneling startup's valuation has roughly quadrupled since 2022, with fresh capital earmarked for a 150-kilometer underground network across the UAE.
The agreement, which could grow to roughly $20 billion, hands Akamai's stock a lift and gives Anthropic a small equity stake in one of the year's largest corporate bets on AI infrastructure demand.
A fatal mudslide in Indonesia, a worker death at the world's largest mine in Chile, and unrelenting AI-driven demand have pushed copper within reach of its 2026 highs.
The S&P 500, Dow and Nasdaq all notched weekly gains after crude tumbled on hopes for a deal to reopen the Strait of Hormuz, even as the 10-year Treasury yield touched its highest level since the financial crisis.
The 30-year bond climbed to levels last seen in 2004 as oil prices, hawkish Fed commentary and stubborn inflation expectations drove a fresh global bond selloff.
A jump in the 10-year Treasury yield to 5.11% and the five-year above 5% for the first time since 2007 pulled stocks lower for a fourth straight week, as resilient growth data and surging oil prices complicate the Federal Reserve's path.
Brent crude jumped more than 4% Thursday after Saudi air defenses intercepted Houthi missiles and U.S.-Iran talks on reopening the Strait of Hormuz collapsed at the United Nations.
Ondo Finance launched three tokenized portfolios built on BlackRock investment strategies, opening a new digital-asset channel for non-U.S. investors.
Colorado-based Locus Lock raised a strategic round led by Range Ventures and In-Q-Tel to expand production of its software-defined navigation receivers ahead of an October product launch.
A Boston auction house closed a sale of historical artifacts Thursday night, led by a World War II co-pilot's handwritten account of the Hiroshima bombing.
With China roughly halfway through a pledge to buy 25 million tons of U.S. soybeans, farmers and traders are watching today's meeting for signs the truce holds past its November expiration.
The scheme sanctioned this week sets up an October 1 completion, folding one of Lloyd's largest specialty underwriters into the Swiss insurance group.
Two sizable offerings were pulled within days of each other, underscoring how fragile the market for new stock listings remains just weeks before Anthropic's expected debut.
A settlement with a dozen state attorneys general removes the final legal obstacle to the roughly $110 billion deal, expected to close within days.
A soft $70 billion sale of five-year notes and hawkish words from a Fed governor pushed borrowing costs to a two-decade high, hitting credit-sensitive AI stocks hardest and rattling housing markets already under strain.
Thomas Priore's investor group, backed by Searchlight Capital, will pay $8.05 a share after a special committee pushed the price up more than 30%.
Insight Partners and Section 32 led a Series E that underscores investors' appetite for the unglamorous work of feeding frontier AI models cleaner data.
A week after drone strikes shut a key export route, easing supply fears and a conditional offer from Tehran sent crude to its lowest levels in nearly two weeks.
A rally in chip and software stocks offset a wobblier Dow, even as elevated bond yields and a still-fragile Gulf oil market underscored how unsettled the backdrop remains.
The platform that popularized the 100x-leverage perpetual swap went from half the bitcoin derivatives market to a rounding error before closing its doors today.
Shares of the Southeast Asian super-app swung through a volatile week after Grab agreed to take a 60% stake in buy-now-pay-later lender Atome Financial, with analysts split on whether the deal buys growth or merely time.
Emergence Capital led a Series B round for the Helsinki company, which runs renewable-powered GPU data centers in Finland and Iceland and says it is already cash-flow positive — an increasingly rare claim among AI infrastructure startups.
Brent crude fell 3.4% and WTI dropped 4.5% Monday as satellite data showed Saudi Arabia rerouting exports through the Persian Gulf and traders bet the UN General Assembly could bring a diplomatic opening with Tehran.
The S&P 500 climbed 1.49% and the Nasdaq Composite closed at a record for the first time since June, as a Wells Fargo price-target boost and surging downloads of Meta's new Muse AI agent sent chipmakers soaring and falling oil prices eased broader market jitters.
A $44 million Series A led by Playground Global, plus a $22 million Japanese government grant, will push RegCell's T-cell reprogramming platform toward its first human trials.
Brent and WTI fell for a third straight session Friday as Saudi Arabia's ship-to-ship crude workaround around a damaged export pipeline calmed traders, even as prices held above $100 a barrel.
MISTRAS shareholders will receive $20.35 a share in cash as the industrial testing and inspection company exits the public markets after a board-approved sale to the private equity firm.
The Dow slipped and the S&P 500 and Nasdaq edged higher Friday as Treasury yields climbed after the Fed's first rate hike in three years, with JPMorgan's Jamie Dimon warning inflation isn't beaten yet.
Backed by Mayfield, Maverick Silicon and Qualcomm Ventures, the startup is betting that open standards, not proprietary silicon, can loosen Nvidia's grip on AI data-center networking.
Bullion eased for a third straight week and silver diverged higher, as traders weighed a firmer dollar against falling Treasury yields following the Fed's rate increase.
The salvage-auto auction giant formally opened its all-cash offer for ACV Auctions at $10.50 a share, starting a 10-day clock on a deal it has called the largest in its history.
Stocks rallied and bond yields eased a day after the Federal Reserve's first rate hike since 2023, even as homebuilder Lennar tumbled to a 52-week low on a second guidance cut.
A new "Innovation Exemption" lets specialized platforms trade blockchain-based versions of US stocks without registering as exchanges, a shift that sent Robinhood shares higher and edges the market toward round-the-clock trading.
The e-commerce giant's $1-an-hour raise and new grocery discounts, worth more than $1.5 billion, arrive as it prepares to compete for seasonal workers in a tight, inflation-squeezed labor market.
Rune's RELIC system plugs AI compute directly into solar farms, deploying in weeks instead of years — a wager by Spark Capital and other investors that power, not chips, is now the binding constraint on AI's growth.
A drone-damaged pipeline has knocked out Saudi Arabia's main workaround for the blocked Strait of Hormuz, forcing Aramco to cancel European crude cargoes just as Houthi forces seize the Bab el-Mandeb strait.
A warrant-linked supply agreement ties Amazon's data-center power needs to Generac's stock, sending shares up as much as 45 percent.
The round, led by Sequoia Capital and Kleiner Perkins, arrives seven months after Profound's last raise and pushes total funding for the two-year-old company past $335 million.
Treasury Secretary Scott Bessent plans to meet his Chinese counterpart this weekend as the two governments discuss reducing duties on roughly $30 billion in trade before a Sept. 24 summit.
Freight costs for hauling crude out of the Gulf have surged past all-time highs even as benchmark oil prices eased Wednesday, a widening gap between crude and the cost of shipping it.
Futures markets assign roughly nine-in-ten odds to a quarter-point increase when Chair Kevin Warsh's Fed announces its decision this afternoon, a sharp reversal from the no-change consensus that prevailed over the summer.
The Digital Asset Market Clarity Act fell 49-50, as Democrats sought tighter limits on officials' crypto holdings and several Republicans balked.
Sam Altman says an OpenAI listing would be an "ill-advised" moment amid AI safety concerns, even as rival Anthropic reportedly prepares a roadshow targeting a $2 trillion valuation.
Industrial output beat forecasts while retail sales cooled and investment fell further, sharpening the divide between China's factory floor and its households.
The capture of Yemen's Perim Island and a drone strike on a key Saudi pipeline have opened two fronts on the same barrel, even as OPEC+ keeps adding supply.
A global bond selloff pushed the 10-year yield to its highest level since 2007 just as the Federal Reserve began a two-day meeting expected to produce the first rate increase in three years.
A delayed Kazatomprom processing plant and rising data-center power demand are keeping the uranium spot price near six-month highs.
Blank sailings are keeping transpacific container rates elevated even as easing port congestion pulls Asia-Europe prices lower.
The tunneling venture's valuation nearly quadrupled since 2022 as UAE-linked investors bankroll an expanded underground transit build-out beyond Dubai Loop.
Record cloud growth and a swelling $125 billion debt pile framed a wild 48 hours in which founder Larry Ellison disclosed, then scrapped, a plan to sell up to $7.5 billion in Oracle stock.
The chipmaker is in talks to anchor Anthropic's IPO at a roughly $2 trillion valuation, deepening a financial relationship already built on gigawatts of GPU capacity.
The jet-engine maker's largest deal since its 2024 spinoff brings a key supplier of aerospace castings in-house as the industry battles chronic parts shortages.
A hotter-than-forecast August CPI reading sent Treasury yields to multi-year highs and rate-hike odds surging, even as stocks snapped a four-day losing streak heading into next week's Fed decision.
A rush of U.S.-bound metal ahead of possible tariffs is masking mine outages from Chile to Indonesia that analysts warn could tip the market into an outright deficit.
The Boston biotech's Series A backs a CTLA-4 antibody licensed from China's Harbour BioMed, betting that treating tumors before surgery beats treating them after.
The salvage-auction giant is paying a 45% premium to fold ACV's dealer-to-dealer wholesale marketplace into an all-digital vehicle remarketing platform.
The Reno-based startup is betting inference chips built around commodity memory, rather than scarce HBM, can challenge Nvidia's grip on the AI hardware market.
Riyadh told OPEC its crude production fell to 6.238 million barrels a day in August, undercutting even April's wartime low, as Hormuz tensions and a Houthi blockade choke exports from the Gulf and the Red Sea alike.
A widening war in the Persian Gulf has pushed crude to its highest level since May and Treasury yields to their highest since 2023, flipping trader bets ahead of next week's Fed meeting from a possible cut to a likely hike.
The oil major aims to more than double production in its Venezuelan joint ventures to 600,000 barrels a day by 2031, capitalizing on a thaw in U.S.-Venezuela relations.
Diffusion and Lightspeed co-led the round as Harvey's valuation nearly tripled since March, with the legal AI company also disclosing its fourth acquisition of the year.