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Exclusive-Broadcom to lend Anthropic up to $42 billion to lease its chips, filing says

Exclusive-Broadcom to lend Anthropic up to $42 billion to lease its chips, filing says

By Echo Wang, Milana Vinn and Max A. Cherney NEW YORK/SAN FRANCISCO, Oct 1 (Reuters) - Anthropic’s IPO prospectus documents extensive partnerships with a handful of big tech firms. One stands out: chip maker Broadcom.
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OpenAI CEO Sam Altman Delays IPO Until AI Models Achieve Confident Safety Claims

OpenAI CEO Sam Altman Delays IPO Until AI Models Achieve Confident Safety Claims

OpenAI CEO Sam Altman Delays IPO Until AI Models Achieve Confident Safety Claims
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October Historically Most Volatile Month for U.S. Stock Markets, Data Shows

October Historically Most Volatile Month for U.S. Stock Markets, Data Shows

October Historically Most Volatile Month for U.S. Stock Markets, Data Shows
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The Hartford Announces A. Morris Tooker to Succeed Christopher Swift as CEO in March 2027

The Hartford Announces A. Morris Tooker to Succeed Christopher Swift as CEO in March 2027

The Hartford Announces A. Morris Tooker to Succeed Christopher Swift as CEO in March 2027
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Nvidia's record buyback exposes strange Wall Street gap

Nvidia's record buyback exposes strange Wall Street gap

Nvidia is buying back stock as AI doubts grow.
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Analysis-Investors wary of slowdown in US corporate profit boom

Analysis-Investors wary of slowdown in US corporate profit boom

By Lewis Krauskopf NEW YORK, Oct 1 (Reuters) - A massive year for corporate profit growth is driving US stock market gains, but investors' hesitancy that the good times will roll on without a hitch is seeping into equity valuations.
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Hedge funds struggle for September gains as rate, AI swings bite

Hedge funds struggle for September gains as rate, AI swings bite

By Anirban Sen and Summer Zhen HONG KONG, Oct 2 (Reuters) - Global hedge funds struggled to deliver positive returns in September as surging bond yields, higher oil prices and sharp swings in AI shares whipsawed the markets, according to prime brokerage notes and investors.
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SpaceX CEO Elon Musk has 7 words for Delta Airlines after snub

SpaceX CEO Elon Musk has 7 words for Delta Airlines after snub

Musk just made two moves that could have bigger implications for investors than they first appear.
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HSBC hires Cantor's Paras Jain to lead global TMT banking, sources say

HSBC hires Cantor's Paras Jain to lead global TMT banking, sources say

By Milana Vinn NEW YORK, Oct 2 (Reuters) - HSBC is expanding its technology, media and telecommunications investment banking franchise with a senior hire, Paras Jain from Cantor Fitzgerald, according to people familiar with the matter.
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Factbox-Who is John Waldron, long seen as next Goldman CEO?

Factbox-Who is John Waldron, long seen as next Goldman CEO?

By Pritam Biswas and Arasu Kannagi Basil Sept 29 (Reuters) - Goldman Sachs Group is reportedly laying the groundwork for a succession plan that would see President and Chief Operating Officer John Waldron succeed David Solomon as CEO as early as 2027 or 2028.
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Zuckerberg lost $8.9 billion in a day as Meta's AI rally cracked: his net worth fell from $266.4 billion to $257.5 billion as Meta shares dropped a...

Zuckerberg lost $8.9 billion in a day as Meta's AI rally cracked: his net worth fell from $266.4 billion to $257.5 billion as Meta shares dropped a...

One Goldman Sachs note put a price tag on the AI boom, and Meta's founder paid first.
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CEO Resumes Insufficient for Board Seats, Emphasizing Governance Skills Over Operational Leadership

CEO Resumes Insufficient for Board Seats, Emphasizing Governance Skills Over Operational Leadership

CEO Resumes Insufficient for Board Seats, Emphasizing Governance Skills Over Operational Leadership