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US SEC seeks to close Musk, Tesla settlement fund

US SEC seeks to close Musk, Tesla settlement fund

By Jonathan Stempel NEW YORK, Nov 10 (Reuters) - The US Securities and Exchange Commission said on Tuesday it completed distributions from a $40 million fund created from civil fines paid by Elon Musk and his electric vehicle company Tesla to resolve the regulator's first civil enforcement case
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Anthropic targets $1 trillion IPO valuation in test of Wall Street's AI fervor

Anthropic targets $1 trillion IPO valuation in test of Wall Street's AI fervor

By Echo Wang Nov 10 (Reuters) - Anthropic's IPO is set to raise as much as $64.4 billion, a regulatory filing showed on Tuesday, in a landmark test of whether Wall Street's faith in the AI boom outweighs concerns over its risks.
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Wall St roars back as oil slide eases inflation jitters; Nvidia drops

Wall St roars back as oil slide eases inflation jitters; Nvidia drops

By Niket Nishant and Utkarsh Hathi Nov 9 (Reuters) - Wall Street's main indexes rebounded on Monday as a drop in oil prices soothed investor nerves after last week's selloff, even as AI heavyweight Nvidia hit a seven-month low following the controversy surrounding CEO Jensen Huang.
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Wall St rallies after last week's AI rout; Nvidia falls

Wall St rallies after last week's AI rout; Nvidia falls

By Niket Nishant and Utkarsh Hathi Nov 9 (Reuters) - Wall Street's main indexes climbed on Monday, as investors attempted to shake off last week's AI anxieties while awaiting more clarity on the controversy surrounding Nvidia CEO Jensen Huang.
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Speculation Mounts Over Potential Tesla and SpaceX Merger, Impacting Investor Outlook

Speculation Mounts Over Potential Tesla and SpaceX Merger, Impacting Investor Outlook

Speculation Mounts Over Potential Tesla and SpaceX Merger, Impacting Investor Outlook
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CoreWeave targets 2028 profitability as AI demand remains strong

CoreWeave targets 2028 profitability as AI demand remains strong

Nov 10 (Reuters) - CoreWeave expects to turn profitable on an adjusted basis in the first half of 2028, executives said on Tuesday, as the AI cloud firm sought to reassure investors that strong demand and customer commitments could support its debt-fueled expansion.
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Anthropic IPO Expected to Test Investor Confidence in AI Trade Amid Valuation Concerns

Anthropic IPO Expected to Test Investor Confidence in AI Trade Amid Valuation Concerns

Anthropic IPO Expected to Test Investor Confidence in AI Trade Amid Valuation Concerns
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S&P 500, Dow futures climb as oil slide lifts sentiment

S&P 500, Dow futures climb as oil slide lifts sentiment

Nov 10 (Reuters) - Futures tracking the S&P 500 and the Dow Jones indexes rose on Tuesday as cooling oil prices emboldened investors to wade deeper into equities, ahead of inflation data likely to set the tone for the rest of the week.
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Goldman Sachs and Apollo Market $40 Billion Debt for SpaceX's AI Data Centers

Goldman Sachs and Apollo Market $40 Billion Debt for SpaceX's AI Data Centers

Goldman Sachs and Apollo Market $40 Billion Debt for SpaceX's AI Data Centers
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CoreWeave targets 2028 profitability as AI demand surges

CoreWeave targets 2028 profitability as AI demand surges

By Deborah Mary Sophia Nov 10 (Reuters) - CoreWeave said on Tuesday it would become profitable on an adjusted basis in the first half of 2028, as the AI cloud company sought to reassure investors that strong demand and customer commitments will support its debt-fueled expansion.
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Factbox-Amazon, Google set for big windfall from Anthropic IPO

Factbox-Amazon, Google set for big windfall from Anthropic IPO

Nov 10 (Reuters) - Amazon and Google's stakes in Anthropic could be worth a combined $411 billion if the AI company prices its initial public offering at the top of its proposed range, according to Reuters calculations based on a filing.
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Anthropic Targets November IPO Debut Amidst Falling Valuation Expectations

Anthropic Targets November IPO Debut Amidst Falling Valuation Expectations

Anthropic Targets November IPO Debut Amidst Falling Valuation Expectations