Britain's Shell posted stronger-than-expected quarterly profit as the Iran war sent fossil fuel prices soaring.
Jefferies advises investors to favor quality, low-momentum stocks to navigate market volatility driven by AI investment concerns. The firm identified companies with strong fundamentals and attractive valuations, including AbbVie and Netflix, as potential havens.
Amazon plans to raise at least $25 billion through an eight-part bond sale to fund its massive artificial intelligence infrastructure buildout, having informed underwriters it will not issue more debt this year. This follows earlier bond raises and aligns with other tech giants' AI spending.
Billionaire John Arnold and his wife Laura are awarding $2.6 million in grants to researchers studying the evolving risks of online sports betting and prediction markets in the U.S., urging lawmakers to address the increased access and intensity of the booming industry.
Rivian Automotive's stock fell over 10% in premarket trading Tuesday following the announcement of a public offering of 75 million shares. The company aims to raise approximately $1.51 billion to fund equity contributions for a loan agreement with the U.S. Department of Energy.
The UK's Gambling Commission will introduce financial risk assessments for online gamblers spending over £1,000 in 24 hours or £3,000 in 90 days. These checks, not termed 'affordability checks', will use credit reference data to identify those at risk of financial harm.
Billionaire John Arnold is funding $2.6 million in research to study the risks of online sports betting, which has boomed since 2018. The grants will examine impacts on financial well-being, mental health, and consumer behavior, aiming to inform regulators about the evolving market.
