Finance News — Page 61

10-Year Treasury Yield Hits 5%; Dow Drops, Oil Surges

The 10-year Treasury yield hit 5%, a level CNN called a "critical threshold for US economy and markets," pulling the Dow lower while oil prices surged and Nvidia shares declined — with the strategist

Globe and Mail Business · 25d ago

What Amodei's AI slowdown could mean for Anthropic's imminent IPO

Anthropic's push for AI development slowdown clashes with its high-stakes IPO ambitions, as the company nears a public listing valued up to $2 trillion amid investor scrutiny over growth, safety, and

CNBC · 25d ago

BIS Warns AI Equity Rally Shows Growing Vulnerability

The Bank for International Settlements warned Monday that the two-year AI-driven global stock rally is showing 'growing signs of vulnerability,' citing rising leverage at major U.S. tech firms and opa

AI-Linked Stocks Slump After CEOs Call for Slowdown

AI-linked stocks fell sharply across Asia on Monday after CEOs at Anthropic and OpenAI publicly warned that AI development must slow to avert catastrophic risks, sending SoftBank down 13% and major ch

Globe and Mail Business · 25d ago

Firmus Targets $5B IPO, One of Australia's Largest Ever

Firmus Technologies is positioning what would rank as one of Australia's largest-ever IPOs, targeting an up-to-$5 billion raise by the end of October.

Bitcoin Suisse to Cut Up to 60 Jobs, Shift to Bratislava and Vietnam

Bitcoin Suisse, the Swiss crypto-banking pioneer founded in 2013, is relocating up to half of its Zug headquarters jobs — as many as 60 positions, mostly back-office — to Bratislava or Vietnam as it r

Decrypt · 25d ago

AI Stocks Slide as Major CEOs Urge Slowdown

Global AI stocks declined after major tech CEOs united to call for a slowdown in AI development over safety concerns, with major outlets reporting broad selloffs across the tech sector.

AI Stocks Slide as Major CEOs Urge Slowdown

Major AI CEOs united to urge a slowdown in AI development, sending AI and tech stocks sliding and prompting a public resignation from an Anthropic researcher who warned of "out-of-control" AI risks.

Motilal Oswal Nasdaq Q50 ETF jumps 41% in a week even as underlying US stocks fall. What is happening?

The Motilal Oswal Nasdaq Q50 ETF's market price surged 41% in one week even as its underlying US stocks fell, pushing its premium over net asset value (NAV) to 72.8% amid a supply squeeze and a change

Mint · 25d ago

Ligent Files for $727M Hong Kong IPO After Rival's $6.8B Debut

San Jose-based Chinese optical module maker Ligent Technologies Inc. filed for a Hong Kong IPO seeking up to ~$727 million, weeks after rival Zhongji Innolight's $6.8 billion Hong Kong listing in July

AI-Linked Asian Stocks Drop 5%+ on US CEO Slowdown Call

AI-linked Asian stocks fell sharply in early Monday trading after US tech CEOs called for pacing AI development, with SoftBank, Kioxia, SK Hynix, and others dropping more than 5%.

AI Stocks Slide After Lab CEOs Urge Development Slowdown

AI-linked stocks in Asia and US futures fell after top AI lab CEOs publicly called for slowing the technology's development, with oil prices moving in the opposite direction, per market coverage from

SoftBank Lands $11.87B Loan for OpenAI Bet

SoftBank secured $11.87 billion in loan commitments from approximately 20 banks to fund its investment in OpenAI, with the two-year facility oversubscribing its $10 billion target.

Goldman, JPMorgan Forecast Sept Fed Rate Hike

Top Wall Street firms predict a Federal Reserve rate hike in September as inflation shows signs of persistence, amid rising wholesale prices and growing policy tension.

White House Concedes Ethics Language in Crypto Bill

The White House agreed to new ethics language in pending crypto legislation as the Clarity Act heads toward a make-or-break Senate vote on Tuesday.

10-Year Yield Nears 5% as Bund Hits 15-Year High

U.S. Treasury yields held steady with the 10-year approaching the 5% threshold ahead of the Fed's rate decision, while the German 10-year Bund yield hit a new 15-year high.