(Reuters) -Elon Musk’s xAI responded to widespread reports that its Grok chatbot made claims about a genocide against white citizens…
‘Big Short’ investor Michael Burry doubles stake in cosmetics maker Estee Lauder
By Anuja Bharat Mistry (Reuters) -Michael Burry’s Scion Asset Management has doubled its stake in Estee Lauder, at a time…
Analysis-Novo Nordisk should look to the US for its next CEO, analysts say
By Patrick Wingrove and Maggie Fick (Reuters) -As Denmark’s Novo Nordisk shops for its next CEO to replace Lars Fruergaard…
OpenAI to help UAE develop one of world’s biggest data centers, Bloomberg News reports
(Reuters) -OpenAI plans to help develop a massive new data center in the United Arab Emirates that may eventually be…
Mike Novogratz’s Galaxy Digital debuts on Nasdaq in bumper week for crypto
By Hannah Lang (Reuters) -Galaxy Digital, founded by Mike Novogratz, made its Nasdaq debut on Friday, capping off a momentous…
Alibaba misses revenue estimates as it fights for China e-commerce market dominance
By Casey Hall and Deborah Mary Sophia (Reuters) -Alibaba posted quarterly revenue that missed analysts’ estimates on Thursday, as the…
Berkshire doubles Constellation stake, sheds Citigroup
(Reuters) -Warren Buffett’s Berkshire Hathaway said on Thursday it more than doubled its stake in alcoholic beverages producer Constellation Brands,…
Applied Materials misses second-quarter revenue estimates
(Reuters) -Chipmaking equipment maker Applied Materials missed Wall Street estimate for second-quarter revenue on Thursday, against the backdrop of heightened…
Coinbase says it strongly believes US SEC investigation should not continue
(Reuters) -Coinbase said on Thursday it strongly believes a regulatory investigation by the U.S. securities regulator into its disclosures of…
US close to letting UAE import millions of Nvidia’s AI chips, sources say
By Karen Freifeld, Hadeel Al Sayegh NEW YORK/DUBAI (Reuters) -The U.S. has a preliminary agreement with the United Arab Emirates…