Joshua Kushner And Bob Iger Are The New Owners Of The LA Lakers In $12.5 Billion Deal Bob Iger and Joshua Kushner are the new owners of the LA Lakers in a $12.5 billion valuation. International Business Times · Aug 12
Norway's Sovereign Wealth Fund Report Stake In SpaceX. Its Stock Rises. SpaceX shares rose back above the company's IPO price on Wednesday after a tame inflation report and the disclosure from Norway's sovereign fund about a stake in the company. International Business Times · Aug 12
A Prolonged Hormuz Closure Could Send Crude to $140 As U.S.-Iran Deal Remains Elusive Oil prices remain far below the surge above $100 a barrel last month and the peak of more than $110 reached in May, but analysts say the relative calm may become increasingly difficult to sustain. International Business Times · Aug 12
Zuckerberg Says No Single Company Should Own Superintelligence — Including His Own Zuckerberg's new essay pledges AI power for everyone, not elites. We fact-checked the claims, numbers and pushback, with sources linked throughout. Latin Times · Aug 11
Intel Is Increasing The Amount Of Money It's Raising As AI Demand Soars. Its Stock Is Flat. Intel expects to raise about $19.7 billion after expenses from an upsized stock offering as it increases investment in factories, advanced packaging and other capacity needed for AI chips. International Business Times · Aug 11
Nvidia Lines Up $500 Billion AI Financing Push As CEO Jensen Huang Says Chips Are Now an 'Investable Asset' Nvidia has signed memorandums of understanding with Apollo Global Management, Blackstone, BlackRock, Brookfield Asset Management, Goldman Sachs and KKR to create financing platforms for Nvidia customers. International Business Times · Aug 11
Nvidia AI Chips Are Now an Asset Class. BlackRock CEO Larry Fink Just Compared Them to Mortgage-Backed Securities. Is Wall Street headed toward another MBS-style financial crisis, this time built on AI chips instead of bundled home loans? Barchart · Aug 11
Legendary Investor Tom Lee Predicts Record-Breaking August, With S&P 500 to 8,000 by Month's End Tom Lee's 8,000 target for the S&P 500 just got moved up quite a bit, and recent macro events might just make it happen. Barchart · Aug 11
GTA 6 Ultimate Edition is selling more than Standard, says Take-Two CEO, despite the price controversy: 'The most avid consumers are the ones who are pre-ordering now' According to Take-Two Interactive CEO Strauss Zelnick, the Grand Theft Auto 6 Ultimate Edition is selling more than the Standard Edition. TechRadar · Aug 11
What Means That Americans May Have to Wait Longer for Rate Relief The Fed has held its benchmark interest rate steady throughout 2026 as policymakers weigh persistent inflation against signs that the labor market and broader economy are losing momentum. International Business Times · Aug 11
Without Warren Buffett, Berkshire Hathaway is no longer an attractive investment: ‘Big Short’ fame Michael Burry Veteran investor Michael Burry said Berkshire Hathaway has lost its investment appeal after Warren Buffett’s succession, arguing that Greg Abel may lack Buffett’s patience for major opportunities. Burry also flagged concerns over Berkshire’s large cash pile, saying its recent moves appear more strategic than investment-focused. The Economic Times · Aug 11
Forget gold and stocks: Nvidia CEO Jensen Huang aims to make chips an investable asset, lines up $500 bn in financing Nvidia CEO Jensen Huang said AI compute is emerging as a new investable asset class as the chipmaker partners with six major financial firms to establish financing platforms. The initiative aims to mobilise over $500 billion in third-party capital for AI infrastructure, as Nvidia seeks to position compute capacity as… The Economic Times · Aug 11
AI Models Went Rogue at OpenAI, Anthropic and Meta. One Small Israeli Startup Reportedly Links the Incidents The company, Irregular, is a three-year-old Tel Aviv startup that provides specialized testing environments designed to probe the capabilities and potential security risks of increasingly powerful AI systems. International Business Times · Aug 10
Foreign Developers Spent Millions Licensing Trump's Name. The White House Says There's No Conflict. International developers paid $59.5 million to license President Trump's name for a variety of projects in 2025. International Business Times · Aug 10
The Independent UK · Aug 10 Trump generated $59.5M in his first year back in office by licensing his brand overseas Foreign governments are putting money directly ‘into the sitting president’s pocket,’ one critic says
International Business Times · Aug 10 Intel Plans $15 Billion Stock Sale As AI Demand Puts Its Factories Into Overdrive. Stocks Fall. Semiconductor giant Intel announced Monday that it plans to raise $15 billion through an underwritten public offering of common stock.
The Economic Times · Aug 10 High margin debt! JPMorgan CEO Jamie Dimon fires a warning shot for Wall Street investors JPMorgan CEO Jamie Dimon warned that record margin debt and hidden leverage across financial markets could increase the risk of a sudden disruption. While stopping short of calling it systemic, he cautioned that forced selling after market declines could amplify volatility.
The Economic Times · Aug 10 $48 billion profit! 5 global oil majors cash in on oil surge amid Iran war. Where is money flowing? Five global oil majors — Exxon Mobil, Chevron, BP, Shell and TotalEnergies — posted a combined $48 billion profit in Q2, benefiting from oil prices surging above $100 a barrel amid US-Iran hostilities. Their combined cash generation hit a record $90 billion, surpassing levels seen after Russia’s 2022 invasion of…
The Economic Times · Aug 9 Student debt: Nearly 450,000 US borrowers set for relief under $23 billion settlement; check eligibility, forgiveness amount, application process and more Nearly two hundred thousand more student loan borrowers will have federal debt forgiven. This follows a federal appeals court decision rejecting a delay request. The ruling brings the total number of borrowers receiving debt relief to about 450,000. Eligible borrowers may also receive refunds for previous payments made. The Education…
International Business Times · Aug 8 Hollywood Reels Out Billion-Dollar Hits Again. Blockbuster 2026's Box Office Odyssey Will Continue Modern blockbuster movies' billion dollar collections are also attributed to the rise in prices of movie tickets for the standard version as well as the surge in premium large format showings. Imax, Dolby Cinemas, ScreenX and 4DX have also been beneficiaries of this trend, reporting record ticket collections spurred by…
The Economic Times · Aug 8 Gold prices jump 7% to log best weekly gain in 8 months. Start of another yellow metal bull run? Gold prices surged 7% this week, marking their strongest weekly gain in eight months as falling crude prices, weak US jobs data and resilient central bank demand boosted the metal’s appeal. With geopolitical risks and rate-cut hopes providing further support, analysts see potential for gold to resume its long-term bull…
Benzinga · Aug 7 DraftKings Misses Revenue as CEO Says Prediction Market Rivals Are 'Spinning Narratives' Ahead of NFL Season DraftKings (NASDAQ:DKNG) missed second-quarter revenue expectations Thursday, but Wall Street quickly moved past the miss to a bigger question: whether prediction markets are becoming the company’s next major growth engine.
International Business Times · Aug 7 Meta To Pay Hundreds Of Millions In New Mexico For Harming Kids. More Lawsuits Are Pending Meta has been ordered to pay an additional $567 million in a legal case where it was found that the company's products hurt the mental health of children and enabled sexual predators.
International Business Times · Aug 7 Wildfires Are Ravaging Europe. Insurers Are Warning Of A Rising 'Protection Gap' With wildfires ravaging France and Spain, insurers are warning that the costs of such disasters are increasingly outpacing insurance coverage.
International Business Times · Aug 7 Volkswagen's Biggest Shareholders Sound The Alarm Over Chinese Competition. They Seek a Dramatic Restructuring Volkswagen has already confirmed it is evaluating plans to eliminate up to 100,000 jobs, double the number previously discussed, as part of an effort to restore competitiveness after a sharp earnings decline.