Stay updated with the latest business news, market trends, expert insights, and industry updates to help you stay ahead in the competitive world of business.
$500B Private AI Investment Announced; Oracle (ORCL), OpenAI, SoftBank Join Joint Venture
Published on: January 22, 2025, 02:03 PM UTC
President Trump favors Elon Musk or Larry Ellison buying TikTok, considering a deal involving the US providing a "permit" in exchange for half of TikTok. Experts raise concerns about the legality of such a joint venture under the Protecting Americans from Foreign Adversary Controlled Applications Act. Despite legal challenges and skepticism over its effectiveness in keeping TikTok operating in the US, the limited number of parties with standing to challenge the deal may give Trump some room to pursue his idea.
Published on: January 22, 2025, 02:02 PM UTC
Corporate diversity in America faces setbacks under President Trump, but Nasdaq Chair and CEO Adena Friedman says DEI initiatives are not totally down for the count. Friedman discusses IPO outlooks, the impact of Trump's administration on regulations, and the future of the IPO market.
Published on: January 22, 2025, 02:01 PM UTC
Private equity sales could see a resurgence under Trump's second term, reaching levels last witnessed in 2018 and 2019.
Published on: January 22, 2025, 02:01 PM UTC
DEI Initiatives in Question After Trump Return, But Nasdaq Chair Sees Staying Power
Published on: January 22, 2025, 02:00 PM UTC
Ally Financial Reports Surge in Earnings with Strong Net Interest Margin, Reduced Expenses
Published on: January 22, 2025, 02:00 PM UTC
Novacap Investments, a Canadian private equity firm, has closed a $1 billion fund to invest in digital infrastructure assets.
Published on: January 22, 2025, 01:04 PM UTC
Travelers beats estimates for Q4 profit on strong underwriting despite elevated catastrophe losses. Net written premiums rose 7% to $10.74 billion, and core income increased to $2.13 billion or $9.15 per share.
Published on: January 22, 2025, 01:04 PM UTC
Japanese companies remain optimistic about investing in the US despite supply chain concerns under Trump presidency. They emphasize the importance of creating US jobs and adapting to potential tariff changes.
Published on: January 22, 2025, 01:03 PM UTC
Abbott Labs' Q4 sales miss estimates; Q1 profit forecast below expectations
Published on: January 22, 2025, 01:01 PM UTC