Glencore Lists in Sydney Without Raising Money, Betting on Pension Capital
Glencore began trading on the Australian Securities Exchange on Wednesday in the form of chess depositary interests, with no new shares issued and no capital raised. The Sydney line opened…
CoreWeave Shares and Bonds Slide as Default Bets Build
CoreWeave shares closed 15.5 percent lower on Wednesday after falling as much as 16 percent during the session, and the damage was not confined to the equity. The company’s unsecured…
Nvidia-Backed Iambic Therapeutics Raises $150 Million in U.S. Listing
Iambic Therapeutics raised $150 million in a U.S. initial public offering, pricing its shares at the middle of the range it had marketed to investors. The San Diego company sold…
Apple Closes Above $5 Trillion for the First Time
The number that counts on Wall Street is the one printed at the close, and on October 14 it belonged to Apple. The company finished the session at $342.96, up…
Bank of America Adds 1,000 Contractors to Patch AI-Found Code Flaws
Brian Moynihan had already walked analysts through the quarter. Then he volunteered a cost that does not have a line of its own in the results. Speaking to CNBC on…
Anthropic Tells Investors It Booked $16.8 Billion in Third-Quarter Revenue
Anthropic opened its books to people who might buy its shares, and the numbers on the pages did the talking. The artificial intelligence developer told potential investors on October 15…
Berkshire Writes a Second Check to Bending Spoons
The filing reached EDGAR at 9:18 a.m. Eastern on Wednesday. By mid-morning, the shares it described had traveled much further than the money involved. Bending Spoons said Berkshire Hathaway agreed…
CoreWeave Wants Insurers to Fund the Next Data Center
CoreWeave has spent 2026 borrowing against its chips. Its co-founder now wants to borrow against something larger: the balance sheets of the global insurance industry. Brannin McBee, CoreWeave’s co-founder and…
Europe’s AI Rulebook Meets Its First Two Cases
DUBLIN — Henna Virkkunen used a speech at an artificial intelligence summit here on Wednesday to describe what the European Commission’s AI Office had been doing for the past several…
A Power Plant Built for a Single Customer
CHEYENNE, Wyo. — The generating station American Electric Power plans to build outside this city will sell its electricity to one buyer for twenty years. That contract, and the load…
