Larry Fink Warns Data Center Freeze Could Push US Into Recession
BlackRock’s Larry Fink warns a U.S. data center moratorium could trigger recession, as AI spending fuels growth and opposition to new projects rises.
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Rocket Lab Stock Falls 8% After Hours as Neutron Launch Slips to 2027
Rocket Lab delays Neutron’s first launch to 2027 after a tank manufacturing issue, sending RKLB shares down about 8% in after-hours trading.
Bumble Agrees to $1.3 Billion Ithaca Buyout at $6.05 a Share
Bumble agrees to a $1.3 billion cash buyout by Ithaca Holdings, offering BMBL shareholders $6.05 a share as revenue and paying-user numbers decline.
BlackRock Beats Q3 Earnings Forecasts as Inflows Reach $205 Billion
BlackRock posts $15.93 in adjusted EPS on $7.75 billion revenue, beating forecasts as $205 billion in net inflows lift assets to $15.49 trillion.
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Kraken Parent Payward Agrees to Buy Saldo Bank in European Banking Push
Kraken parent Payward agrees to buy Saldo Bank, targeting European deposits, lending and cards in a deal expected to close in 2027, subject to approvals.
Alibaba Launches $450 Qwen AI Glasses in Consumer Hardware Push
Alibaba’s Qwen Glasses N1 go on sale in China from 2,999 yuan, with eye tracking on the Pro model and new Bose-developed Qwen Clip earbuds extending...
BYD’s Denza Eyes European Car-Finance Unit to Challenge BMW and Mercedes
BYD’s premium Denza brand could launch its own European car-finance operation in 2027, using leasing and loan offers to challenge BMW and Mercedes-Benz.
Coinbase Co-Founder Fred Ehrsam Bets on Venezuela’s Oil Revival
Fred Ehrsam is backing Primavera with his own money as the startup prepares to operate Venezuelan oil fields, Bloomberg reports, bringing crypto wealth into crude production.
S&P and Kaiko Bring Tokenized Bond Benchmark Into First Canton OTC Swap
DRW and Marex execute a swap on Canton using S&P’s tokenized iBoxx bond benchmark, connecting licensed data and trade valuation through Derivnex.
Morgan Stanley Targets Q1 2027 for Tokenized Stock Trading
Morgan Stanley now expects tokenized-equities support in Q1 2027, as product availability and market infrastructure push its earlier timetable back.
Geely Expands European Push With Three-Brand Paris Motor Show Debut
Geely brings Geely Auto, Lynk & Co and Zeekr to Paris after European monthly sales top 10,000, with new hybrid models and 2027 SUV deliveries ahead.
Microsoft Unveils Maia 300 to Make Its Own Chips Central to AI Inference
Microsoft plans multi-gigawatt Maia deployments from 2027, aiming to lower AI inference costs while continuing to use Nvidia and AMD for training.
Missed Debt Payments Hit Highest Level Since 2010, Fed Finds
The Fed’s 2025 survey shows rising payment difficulties despite gains in household wealth, highlighting pressure on American family budgets.