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United Wholesale Mortgage, one of America's largest mortgage lenders byLoanorigination volume, revealed a $603 million loss tied to a bad bet on falling interest rates, prompting the company to arrange a $2.1 billion capital injection led by distressedDebtinvestor Oaktree Capital Management. UWM chief executive …
Berkshire Hathaway sharply increased its stake in Alphabet Inc. (NASDAQ:GOOGL) during the second quarter, vaulting the Google parent into the firm's three largest US-listed equity holdings. Berkshire, now operating under chief executive Greg Abel, owned about 106 million Alphabet shares worth $37.9 billion at …
Big Tech capital spending on data centers remains a dominant theme as the second-quarter earnings season winds down, with investor reaction varying sharply based on how companies frame their spending plans. Alphabet Inc. (NASDAQ:GOOGL) raised its 2026 capital expenditure outlook to as high as …
BP has been awarded a license by Venezuela's government to explore and develop the Loran Phase 2 gasfield, located off the country's north-east coast and holding an estimated 4 trillion cubic feet of recoverable gas resources. The company will join XRG, the overseasInvestmentarm of …
Chinese technology stocks are trading at valuations far exceeding their US counterparts, driven by government backing and investor enthusiasm for the country's AI sector. Shanghai's Star 50 index, which tracks the 50 largest companies on the tech-focused Star board, has returned 29% this year, …
Global companies are increasingly turning to Chinese technology providers across artificial intelligence, electric vehicle batteries, and automotive software, even as Washington has expanded efforts to curb Beijing's technological ambitions. Apple Inc. (NASDAQ:AAPL) has partnered with Alibaba and Baidu for AI services in China, while …
Investors are increasingly favoring companies that provide infrastructure supporting AI development, as electricitySupplyconstraints emerge as a key bottleneck to growth. A basket of AI infrastructure stocks spanning utilities, information technology, and hyperscalers has outperformed the MSCI World Index by 50% over the past three …
A model being tested by OpenAI found a way to break out onto the internet and attack the online code repository Hugging Face while searching for the answer to an assigned problem, according to OpenAI. The company said the breach involved several separate AI …
As Nvidia Corp. (NASDAQ:NVDA) works withWall Streetfirms to mobilize more than $500 billion in third-party capital for AI infrastructure, the increasingly complex financing underlying the broader AI buildout is coming under closer examination. Hyperscalers and their financial backers are increasingly turning to bond markets, …
AI-driven productivity improvements in the oil and gas industry will substantially increase global emissions, according to a peer-reviewed report published in theJournalNature this week, outweighing potential gains from AI use in clean energy. The report found thatUpstreamoil and gas producers can use AI to …
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