The three largest sales of new stock by already-public companies this year now share one purpose: funding artificial intelligence (AI). Chinese e-commerce and cloud giant Alibaba (NYSE:BABA) priced an 80 billion Hong Kong dollar placement (about $10.2 billion…
In 2024, 84 percent of federal revenue came from either individual taxes or payroll taxes, both of which are collected from worker income. Artificial intelligence replacing human labor could sharply reduce that revenue, especially if workers are not reemploye…
Asian shares are mostly lower after U.S. stocks drifted to a mixed finish ahead of potentially market-moving events later in the week
Porsche shares faced pressure as investors assessed its €320 million MHP sale to TCS and a €1.25 billion technology partnership. The deal supports digital transformation, but weaker quarterly revenue, China competition, tariffs, EV costs and Volkswagen restru…
Major stock indexes in the Asia-Pacific region traded mostly higher on Tuesday as anticipation for Nvidia earnings grew, with investors likely hoping to see strong numbers that could help put AI spend...
