Western Digital Revenue Jumps 55% as Dividend Rises 17%
Western Digital reports $4.38 billion in quarterly revenue, lifts its dividend 17% and forecasts up to $5.2 billion in sales for the next quarter.
News - Page 4
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Latest News
SpaceX Faces Higher Rates on $40 Billion Debt Deal as AI Fears Grow
SpaceX is reportedly finalizing $40 billion in financing, with one portion near 8.3% and chip-backed debt around 7.75% as AI credit concerns grow.
OpenAI Nears $30 Billion Funding Round at $1.25 Trillion Valuation
UAE investors and Coatue are reportedly leading an OpenAI financing of up to $30 billion at a $1.25 trillion pre-money valuation ahead of a potential IPO.
Nasdaq Falls 2.4% as AI Selloff Hits Nvidia, Meta and SpaceX
Nvidia, Meta and SpaceX shed roughly $575 billion in an afternoon snapshot as AI financing worries and rising oil prices send U.S. stocks lower.
a16z Crypto Rebrands as Frontier, Expands Into AI and More
Chris Dixon confirms a16z Crypto is becoming a16z Frontier, broadening its investment remit while maintaining its commitment to crypto and existing portfolio companies.
Central Bank Gold Buying Tops Four Times Pre-2022 Pace
Goldman estimates central banks bought 79 tonnes of gold in August, while Dutch and French reserve changes highlight a renewed focus on storage and access.
China’s CSI 300 Enters Bear Market as Stock Selloff Deepens
China’s CSI 300 closes down 1.84% as a roughly 20% retreat from June’s peak puts earnings, AI investment and Beijing’s market support in focus.
Barclays to Cut 5,000 Jobs as AI Reshapes Its Cost Base
Barclays plans 5,000 job cuts this year, with 4,000 still to come, as AI adoption and restructuring accompany higher profit and a £500 million buyback.
French 10-Year Yield Tops 5% as Budget Deadlock and Protests Rattle Markets
France’s 10-year bond yield reaches about 5.05%, its highest since 2002, as budget deadlock and unrest intensify scrutiny of the country’s debt.
Meta Ordered to Pay $25 Billion in New Mexico Privacy Case
Meta faces a $25 billion New Mexico penalty over misleading Facebook privacy claims, with 15% annual interest and an appeal planned.
DeepSeek Raises $15 Billion With Tencent and CATL Backing, Report Says
DeepSeek reportedly raises $15 billion from investors including Tencent and CATL to expand data centers and open models, while preparing for an IPO.
Berkshire Hathaway Stock Hits Record Highs as BRK.B Reaches $543.34
Berkshire Hathaway sets new intraday highs in both share classes, with BRK.B at $543.34 and BRK.A near $814,730, as investors assess Greg Abel’s capital allocation.