Esteban Tesson

The Norwegian sovereign wealth fund discloses a $1.22bn stake in SpaceX

The Norwegian sovereign wealth fund, which manages $2,300bn in assets, held 0.05% of SpaceX as of June 30, a stake valued at $1.22bn. This position, disclosed for the first time in a portfolio update, remains small compared with its largest technology holdings. The fund owns an average 1.5% of the world's listed companies and holds stakes in around 7,100 companies, as well as real estate assets and renewable energy projects.

August 12, 2026 at 02:24 am IST

Barrick hands its international operations to Sebastiaan Bock ahead of its North American IPO

Barrick Mining has appointed Sebastiaan Bock as chief executive of its Rest of World division, effective immediately. He will oversee the group's gold and copper assets in Africa, the Middle East, Latin America and Asia-Pacific, representing more than 2m gold-equivalent ounces of annual output. He joined Barrick in 2019 as chief financial officer for Africa and the Middle East and became chief operating officer for the region in 2022.

August 12, 2026 at 12:23 am IST

Riot Platforms signs a $9.1bn deal with Anthropic and steps up its push into AI

Riot Platforms has signed a 20-year contract with Anthropic to supply computing capacity, representing $9.1bn in revenue. The agreement covers 191 megawatts at its Rockdale campus in Texas, giving Anthropic access to power capacity already connected to the grid. The total could reach about $16.1bn with two five-year extensions. Riot shares jumped more than 20% after the announcement before giving back almost all of those gains.

August 11, 2026 at 11:32 pm IST

Nvidia readies Nemotron 4, a giant model to strengthen its open AI offering

Nvidia is developing Nemotron 4, a new family of artificial intelligence models designed to go head-to-head with the best open systems. Its most powerful model is expected to reach at least 1,000bn parameters, amid intense international competition and growing interest in open-weight technologies.

August 11, 2026 at 10:49 pm IST

Barrick gets Newmont's approval to list its North American assets

Barrick Mining has cleared a major hurdle in its plan to take its North American gold business public by reaching a $1.95bn deal with Newmont. The progress comes as the group posted quarterly profit below expectations, weighed down by a sharp rise in costs despite a surge in gold prices.

August 11, 2026 at 12:47 am IST

Disney+ and Hulu step up video podcast push with iHeartMedia

Disney+ and Hulu have struck a partnership with iHeartMedia to stream video versions of six podcasts, bolstering their libraries in a fast-growing streaming format. The move is designed to attract and retain more users as Netflix and HBO Max also invest in this market. The financial terms of the deal were not disclosed.

August 10, 2026 at 10:13 pm IST

Microchip Technology beats expectations on data centers and industrial demand

Microchip Technology delivered second-quarter guidance above Wall Street expectations, supported by demand for semiconductors used in artificial intelligence-related data centers. The company is also benefiting from a rebound in its industrial and automotive markets, while aerospace and defense spending remains solid against a backdrop of geopolitical tensions.

August 07, 2026 at 04:07 am IST

Instacart forecasts a stronger-than-expected third quarter on steady demand

Instacart raised its third-quarter outlook, projecting gross transaction value (GTV) and adjusted operating profit above Wall Street expectations. The company is benefiting from steady demand for online grocery delivery, as consumers prioritize competitively priced shopping and fast delivery services amid continued pressure on their purchasing power. The stock is up more than 10% in extended trading.

August 07, 2026 at 01:52 am IST

Mike Joo leaves Bank of America after twenty years with the group

Bank of America is losing one of its top executives with the departure of Mike Joo, global co-head of investment banking, who is joining another company. The move comes as the bank pursues an active hiring strategy to bolster its advisory teams, amid strong activity in the mergers and acquisitions market.

August 06, 2026 at 11:23 pm IST

Alphabet readies a bond sale of up to $25bn to fund AI

Alphabet plans to raise between $20bn and $25bn in the US bond market to support its massive investments in artificial intelligence. The deal comes as the group's spending surge weighs on cash flow and fuels investor questions.

August 06, 2026 at 09:05 pm IST

Sandisk sees a better-than-expected quarter on AI-driven memory demand

Sandisk posted revenue and profit guidance above expectations, supported by strong demand for memory chips used in artificial intelligence data centers. Despite the upbeat outlook, the stock fell 6% after the Wall Street close, as investors stayed cautious after the shares' sharp run-up this year.

August 06, 2026 at 03:00 am IST

Western Digital forecasts a strong quarter, but the market is still left wanting

Western Digital posted revenue and profit guidance above expectations for the current quarter, lifted by demand from AI-focused data centers. Despite that outlook, the stock fell after the close on Wall Street, as investors judged that expectations were already largely priced in.

August 06, 2026 at 02:38 am IST

STMicro, a standout performer atop Paris and Europe

The underlying trend around artificial intelligence continues to gather pace and is clearly benefiting the Franco-Italian group, which has secured a prime position in the silicon photonics supply chain. Since the start of the year, the stock has surged 108% on the Paris stock exchange.

August 05, 2026 at 08:14 pm IST

STMicro, a standout performance over Paris and Europe

The underlying momentum around artificial intelligence continues to run hot and is clearly benefiting the Franco-Italian group, which has secured a prime position in the silicon photonics supply chain. Since the start of the year, the stock has surged 108% on the Paris exchange.

August 05, 2026 at 06:50 pm IST

Pinterest expects its growth to slow amid intensifying ad competition

Pinterest posted better-than-expected second-quarter results, but is forecasting more moderate revenue growth in the current quarter. The company is facing tougher competition in digital advertising, despite its investments in artificial intelligence.

August 05, 2026 at 02:54 am IST

Lucid disappoints in the second quarter and rolls out a turnaround plan

Lucid posted results below expectations and unveiled a sweeping reorganization aimed at cutting costs and improving cash flow. The electric-vehicle maker is betting on a new strategy under its new CEO, while continuing its robotaxi ambitions and international expansion.

August 05, 2026 at 02:38 am IST

AMD beats expectations on AI, but its stock falls on the market

AMD posted revenue guidance above expectations and delivered solid results, driven by strong demand for chips for artificial intelligence data centers. Despite that performance, investors punished the stock, which fell more than 7% after the close on Wall Street.

August 05, 2026 at 02:14 am IST

SpaceX posts a strong market debut powered by Starlink and artificial intelligence

In its first results as a publicly listed company, SpaceX delivered strong revenue growth, driven by Starlink and its artificial intelligence related businesses. Investors, however, remain focused on the group's heavy investment needs, the expiration of the post-IPO lockup period and the profitability outlook for its new ventures.

August 05, 2026 at 01:56 am IST

Chipotle slides on the stock market after a potential link to a salmonella outbreak

Chipotle Mexican Grill saw its shares fall nearly 8% after announcing the temporary removal of jalapeño peppers from its Minnesota restaurants. The move follows reports suggesting that a batch of the ingredient could be linked to a salmonella outbreak. The company said its traceability system quickly identified the affected jalapeños, which were replaced with products from other suppliers.

August 04, 2026 at 11:58 pm IST

Wall Street in the green following earnings announcements

Major US indexes are trading higher this Tuesday, with fresh records for the S&P 500 and the Dow Jones, while the Nasdaq 100 is up over 2%. Strong results from Palantir and Caterpillar are supporting the move, against a backdrop also shaped by renewed optimism on the geopolitical front.

August 04, 2026 at 11:10 pm IST

Snap jumps after better-than-expected results and encouraging outlook

Snap posted quarterly results above expectations and issued solid guidance for the current quarter, supported by a rebound in advertising activity and growth in its subscription revenue. The stock is up about 10% after the close on Wall Street.

August 04, 2026 at 02:22 am IST