Nicolas Thomas

S&P Dow Jones Indices and Kalshi partner to develop prediction markets

S&P Dow Jones Indices and Kalshi have entered into a strategic partnership to develop event contracts tied to major stock indexes and create new indicators based on prediction market data. The preferred provider agreement marks a convergence between traditional finance and platforms that enable users to anticipate the outcome of future events. It is also expected to bolster Kalshi's credibility among retail and institutional investors, as its business faces questions over its proximity to gambling.

October 27, 2026 at 01:21 pm IST

Anthropic IPO reignites enthusiasm for AI and lifts Wall Street

After a volatile week, the major US indexes started the new week in positive territory, notably fueled by a rebound in artificial intelligence-related stocks. Confidence in the sector appears to be returning following confirmation of Anthropic's upcoming IPO, as the company behind Claude unveiled its initial public offering filing. The S&P 500 was up 1% and the Dow Jones gained 0.5%, while the Nasdaq 100 advanced 1.4%.

October 26, 2026 at 09:13 pm IST

Cadence partners with Nvidia to accelerate chip design through AI

Cadence Design Systems has unveiled a new range of artificial intelligence models specialized in semiconductor design, developed in collaboration with Nvidia. Dubbed Maestro, the suite is designed to automate certain complex tasks performed by engineers and accelerate integrated circuit development. The initiative comes as its main competitor, Synopsys, has chosen to partner with OpenAI to develop its own AI tools for the electronic chip industry.

October 26, 2026 at 09:13 pm IST

SpaceX Raises $40bn in Debt to Fund Its Artificial Intelligence Ambitions

SpaceX has finalized $40bn in debt financing to purchase the graphics processors needed to develop its artificial intelligence operations. Confirmed Sunday by Elon Musk, the transaction comes as credit conditions tighten for companies in the sector. The executive said revenue from Starlink and space launches allows the group to maintain strong financing capacity.

October 26, 2026 at 07:28 pm IST

Meta plans to raise $95bn to fund its AI ambitions

Meta has announced plans to raise $95bn in the financial markets to accelerate the development of its artificial intelligence infrastructure and superintelligence projects. The move comes as tech giants step up investments in data centers and computing power, despite questions about their long-term profitability.

October 26, 2026 at 07:23 pm IST

Instacart Reportedly Considering Sale, in Talks With Uber and DoorDash

Instacart, the US specialist in grocery delivery, is reportedly exploring a potential sale and has held preliminary discussions with several potential buyers, including Uber and DoorDash. According to The Information, negotiations are ongoing, but there is no guarantee that a deal will be reached. Such a transaction could trigger a major shake-up in the US home-delivery sector.

October 26, 2026 at 01:24 pm IST

Smith & Nephew and Johnson & Johnson Fail to Merge Orthopedic Businesses

Smith & Nephew and Johnson & Johnson have reportedly ended advanced negotiations aimed at combining their orthopedic businesses, due to a disagreement over the leadership of the future group. According to the Financial Times, the two companies had nevertheless agreed on the main financial terms and the structure of the transaction. The deal would have created a major player in hip and knee implants by bringing together complementary product portfolios.

October 26, 2026 at 01:22 pm IST

Citigroup Obtains Approval to Create Wholly Owned Brokerage Subsidiary in China

Citigroup has received approval from China's regulator to create Citigroup Securities China Company, a wholly owned subsidiary of the US bank based in Shanghai. The authorization, first requested in late 2021, will enable the group to strengthen its presence in China's financial markets and expand its services to local and international companies and investors. The new entity will be able to conduct brokerage, securities underwriting, trading, financial research and investment advisory activities.

October 26, 2026 at 01:21 pm IST

Infosys cuts growth forecast amid North American slowdown

Infosys has lowered its growth outlook for FY 2027, hurt by weak demand in North America and the redirection of IT budgets toward artificial intelligence. The announcement sent its US-listed shares down 6%.

October 26, 2026 at 01:21 pm IST

Pathos AI partners with Bristol Myers Squibb and Tempus AI to accelerate medical research

Pathos AI announced a partnership with Bristol Myers Squibb and Tempus AI to harness artificial intelligence in the development of treatments for Alzheimer's disease and other neurological disorders. The collaboration comes with a $237m Series E funding round led by Bristol Myers Squibb, valuing the New York-based company at approximately $3bn. The transaction aims to strengthen Pathos AI's research capabilities and accelerate the identification of new therapeutic avenues through the analysis of large-scale medical data.

October 23, 2026 at 08:27 pm IST

Newmont Beats Q3 Expectations on Higher Gold Prices

The world's largest gold producer reported quarterly earnings above analysts' forecasts, supported by a sharp rise in the price of the precious metal. The trend enabled the US mining group to offset a decline in production in Q3 2026.

October 23, 2026 at 02:14 pm IST

After mixed results, Barclays to cut 5,000 jobs to reduce costs through AI

British bank Barclays plans to eliminate around 5,000 positions this year, or 5% of its workforce, as part of a transformation driven by artificial intelligence and automation. The restructuring comes as its quarterly results, despite improving year over year, were hurt by difficulties in its investment banking division.

October 23, 2026 at 11:57 am IST

Jensen Huang highlights strong demand for neoclouds despite financial constraints

Nvidia CEO Jensen Huang believes that providers of computing capacity dedicated to artificial intelligence are benefiting from exceptional demand, but that their expansion remains constrained by a lack of capital and energy limitations. He also called on Europe to accelerate the development of its own infrastructure to support its technology ecosystem.

October 23, 2026 at 11:56 am IST

Accor raises guidance as hotel business recovery gains momentum

French hotel group Accor raised its financial outlook for 2026, supported by growth in revenue per available room and the expansion of its network. The improvement comes after a second quarter disrupted by geopolitical tensions in the Middle East.

October 22, 2026 at 09:44 pm IST

Spotify expects Q4 profit to beat forecasts, thanks to AI

Spotify expects profitability to exceed Wall Street forecasts at the end of the year, supported by growth in its paid subscriptions and the development of artificial intelligence features designed to boost user engagement.

October 22, 2026 at 08:22 pm IST

CVC reportedly considering buyout of Verisure to take it private

Investment fund CVC is reportedly considering a bid for Verisure to delist the Swedish alarm and remote-monitoring specialist from the Stockholm Stock Exchange, according to the Financial Times. The potential transaction would come less than a year after its October 2025 listing, which was based on a valuation of EUR13.7bn. Present in 18 countries across Europe and Latin America, Verisure now has a market capitalization of approximately EUR9.7bn. Note that its share price is down over 33% YTD.

October 22, 2026 at 02:31 pm IST

Texas Instruments tops expectations, fueled by industrial recovery and AI

Texas Instruments reported better-than-expected Q3 results and provided a strong outlook for the remainder of the year, supported by a recovery in industrial demand and the expansion of data centers dedicated to artificial intelligence. The US semiconductor manufacturer expects Q4 revenue of between $5.80bn and $6.30bn, compared with the $5.73bn expected by analysts. EPS is expected between $2.45 and $2.79. The forecast points to improving demand for its analog and embedded components, which are used in automobiles, industrial applications and electronic equipment.

October 22, 2026 at 01:30 pm IST

IBM raises software forecast after strong Q3

IBM raised its annual growth forecast for its software business, now expected between 7% and 8%, up from the previous range of 6% to 8%, thanks to the closing of contracts delayed in Q2. The US group posted a 4.7% increase in quarterly revenue to $17.10bn, exceeding the $16.82bn expected by analysts. Adjusted EPS reached $2.95, versus the $2.86 expected. Investors welcomed the results, with IBM shares rising about 4.5% after Wall Street closed.

October 22, 2026 at 01:21 pm IST

Intel advances construction of its Ohio plant, despite 5-year delay

Intel announced a new milestone in the construction of its semiconductor complex in New Albany, Ohio, with the installation of the first major structural beam. Launched in 2022, the project was initially expected to produce its first chips in 2025, but completion of the first plant is now scheduled for 2030, followed by a second in 2031. The delays highlight the group's difficulties in developing its manufacturing business for outside customers. Discussions with SK Hynix about potentially using the site to produce advanced memory chips have been reported, although no agreement has been confirmed.

October 22, 2026 at 12:47 pm IST

Meta fined $25bn in New Mexico

Meta Platforms has been ordered to pay $25bn in penalties in New Mexico for misleading Facebook users about the privacy of their personal data. The decision follows a verdict issued on September 25 in a case linked to the Cambridge Analytica scandal, which enabled the unauthorized collection of data from 87 million users. The jury found 26 of 29 statements reviewed to be misleading, involving access to personal data, misinformation and hate speech. More than 43 million violations of local consumer protection laws were identified.

October 22, 2026 at 12:46 pm IST

EQT in advanced talks to acquire Qiagen, KKR also a bidder

Swedish fund EQT is reportedly in advanced negotiations to acquire Qiagen, the European molecular diagnostics specialist, according to Bloomberg. EQT is said to have submitted a firm offer valuing the company at more than $50 per share, while US fund KKR has also reportedly submitted a proposal. Qiagen's board is expected to review the various options this week, although there is no guarantee that an agreement will be reached. The reports sent Qiagen's shares up more than 6% in the United States, drawing attention to a group with a market capitalization of EUR8.57bn.

October 21, 2026 at 01:31 pm IST