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Trading Day: Rout of control

Trading Day: Rout of control

By Jamie McGeever ORLANDO, Florida, Sept 24 (Reuters) - The global bond rout continued on Thursday, pushing many key yields around the world to new multi-decade highs.

Oracle triggers 'force majeure' on data center project over power delays, source says

Oracle triggers 'force majeure' on data center project over power delays, source says

By Isla Binnie Sept 24 (Reuters) - Oracle issued a "force majeure" notice to a Blue Owl unit, the developer of a large New Mexico data center, citing potential delays in securing power for the project, a person familiar with the matter told Reuters on Thursday. Shares of Oracle fell around 4%.

Factbox-SoftBank's growing bets on AI and semiconductor assets

Factbox-SoftBank's growing bets on AI and semiconductor assets

By Anton Bridge TOKYO, Sept 24 (Reuters) - SoftBank Group has raised $11.1 billion in the largest high-yield corporate bond sale globally on record to fund its investments in OpenAI and other artificial intelligence-related companies and infrastructure.

Australia's Firmus expects $77 million first-half loss as it plans $5 billion IPO, sources say

Australia's Firmus expects $77 million first-half loss as it plans $5 billion IPO, sources say

By Christine Chen SYDNEY, Sept 24 (Reuters) - Australian data centre operator Firmus expects to lose $77 million in the current half, according to two people familiar with a draft prospectus, as the firm prepares for a $5 billion initial public offering to fund growth.

SoftBank raising $11.1 billion in world's biggest high-yield corporate bond sale

SoftBank raising $11.1 billion in world's biggest high-yield corporate bond sale

By Anton Bridge TOKYO, Sept 24 (Reuters) - Tech investor SoftBank Group is issuing $11.1 billion in dollar- and euro-denominated bonds, set to be the largest high-yield corporate bond sale globally on record as it seeks to fund its mammoth bet on OpenAI.

SoftBank raises $11.1 billion in world's biggest high-yield corporate bond sale

SoftBank raises $11.1 billion in world's biggest high-yield corporate bond sale

By Anton Bridge TOKYO, Sept 24 (Reuters) - SoftBank Group has raised $11.1 billion in dollar- and euro-denominated bonds in the largest high-yield corporate bond sale globally on record as the tech investment conglomerate seeks to fund its mammoth bet on OpenAI.

Five spots to watch as the bond market sails past 5%

Five spots to watch as the bond market sails past 5%

By Karen Brettell, Chuck Mikolajczak, Svea Herbst-Bayliss and Gertrude Chavez-Dreyfuss NEW YORK, Sept 24 (Reuters) - The US bond selloff that started with the war with Iran has pushed the 10-year Treasury yield above 5%, a level it hasn't held for long in almost two decades. What happens now?

Data center firm Accelevation targets up to $5.4 billion valuation in US IPO

Data center firm Accelevation targets up to $5.4 billion valuation in US IPO

Sept 22 (Reuters) - Accelevation is targeting a valuation of up to $5.37 billion in its US initial public offering, the data center infrastructure company said on Tuesday, joining a wave of firms tapping investor demand for AI-related stocks.

AI infrastructure firm Accelevation targets up to $5.4 billion valuation in US IPO

AI infrastructure firm Accelevation targets up to $5.4 billion valuation in US IPO

By Pragyan Kalita Sept 22 (Reuters) - Accelevation is targeting a valuation of up to $5.37 billion in its US initial public offering, the data center infrastructure company said on Tuesday, joining a wave of firms tapping investor demand for AI-linked stocks.

Financial stocks fall with AI and flattening yield curve in focus

Financial stocks fall with AI and flattening yield curve in focus

By Sinéad Carew Sept 22 (Reuters) - The S&P 500 Financial index and the benchmark's bank sector were under pressure on Tuesday as investors worried about competition from artificial intelligence and uncertainty around AI-related initial public offerings, along with moves in the bond market that

Nvidia doubles down on selling to both sides of the AI race

Nvidia doubles down on selling to both sides of the AI race

One friendly post from the chip giant says more about your 401(k) than any benchmark chart.

Asia stocks ride tech wave higher, oil slips again

Asia stocks ride tech wave higher, oil slips again

By Wayne Cole SYDNEY, Sept 23 (Reuters) - Asian shares were aiming for a sixth session of gains on Wednesday as consumer hunger for AI apps continued to buoy tech stocks, while oil prices fell further on reports of increased supply out of the Middle East.