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Blackstone vehicle aims to raise over $1.7 billion in US IPO to fund data center bet

Blackstone vehicle aims to raise over $1.7 billion in US IPO to fund data center bet

May 4 (Reuters) - A newly minted Blackstone investment vehicle is aiming to raise slightly over $1.7 billion in an initial public offering in the United States to capitalize on booming demand in the data center sector.
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AI chipmaker Cerebras aims to raise $3.5 billion in US IPO

AI chipmaker Cerebras aims to raise $3.5 billion in US IPO

May 4 (Reuters) - Nvidia-rival Cerebras Systems, which makes chips for artificial intelligence workloads, is aiming to raise $3.5 billion in its U.S. initial public offering.
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US stock futures mixed as Middle East risks remain in focus

US stock futures mixed as Middle East risks remain in focus

May 4 (Reuters) - U.S. stock index futures were mixed on Monday, pointing to a cautious start to the week as investors assessed the growing U.S.-Iran standoff over the Strait of Hormuz, the crucial oil shipping route that remains shut.
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Factbox-Airlines cancel flights in response to Middle East conflict

Factbox-Airlines cancel flights in response to Middle East conflict

May 4 (Reuters) - Middle Eastern carriers have ramped up capacity after severe disruption from the Iran war, while airlines outside the Gulf reroute flights between Europe and Asia away from major hubs in the region. 
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National Australia Bank posts first-half profit miss, warns of Middle East conflict risks

National Australia Bank posts first-half profit miss, warns of Middle East conflict risks

May 4 (Reuters) - National Australia Bank reported weaker-than-expected first-half cash earnings on Monday, hurt by one-off and impairment charges, while cautioning that the Iran war posed risks to its underlying asset quality.
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Europe shares inch lower as tariff threats drag automakers; investors assess Mideast progress

Europe shares inch lower as tariff threats drag automakers; investors assess Mideast progress

By Twesha Dikshit May 4 (Reuters) - European shares ticked lower on Monday as European automakers came under pressure following threats of a U.S. tariff hike, while investors awaited signs of progress in reopening the Strait of Hormuz.  U.S.
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Cboe to cut staff by 20% as exchange operator sharpens focus on core business

Cboe to cut staff by 20% as exchange operator sharpens focus on core business

May 1 (Reuters) - Cboe Global Markets' CEO Craig Donohue on Friday outlined plans to sharpen the exchange operator's focus on key businesses, including a 20% reduction in its global workforce.
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Saudi oil prince's iron grip faces ultimate test with UAE's shock OPEC exit

Saudi oil prince's iron grip faces ultimate test with UAE's shock OPEC exit

By Yousef Saba, Ahmad Ghaddar and Maha El Dahan May 1 (Reuters) - Saudi Energy Minister Prince Abdulaziz bin Salman now has an OPEC challenge to deal with on top of the largest ever disruption to global oil supplies.
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Economist Mark Zandi Warns of Disconnect Between Stock Market and Economic Reality Amid Recession Fears

Economist Mark Zandi Warns of Disconnect Between Stock Market and Economic Reality Amid Recession Fears

Economist Mark Zandi Warns of Disconnect Between Stock Market and Economic Reality Amid Recession Fears
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AWS Faces Extended Recovery Period for UAE and Bahrain Cloud Regions After Drone Strikes

AWS Faces Extended Recovery Period for UAE and Bahrain Cloud Regions After Drone Strikes

Amazon Web Services (AWS) announced that it will take several months to fully restore its cloud services in the UAE and Bahrain regions following damage from drone strikes. The strikes, linked to the ongoing conflict involving the US, Israel, and Iran, directly hit two data centers in the UAE and one in Bahrain. AWS has advised customers to migrate resources to other regions and restore inaccessible data from backups. The company has also suspended billing operations for the affected regions while recovery efforts are underway.
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Spirit Airlines prepares to cease operations after bailout plan falls apart, WSJ reports

Spirit Airlines prepares to cease operations after bailout plan falls apart, WSJ reports

May 1 (Reuters) - Bankrupt discount carrier Spirit Airlines is preparing to cease operations, after failing to align certain bondholders and the U.S. government on a bailout plan, the Wall Street Journal reported on Friday.
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US approves military sales of over $8.6 billion to Middle East allies

US approves military sales of over $8.6 billion to Middle East allies

By Kanishka Singh WASHINGTON, May 1 (Reuters) - The U.S. State Department said on Friday it was approving military sales totaling over $8.6 billion to Middle Eastern allies Israel, Qatar, Kuwait and the United Arab Emirates.