Abu Dhabi wealth fund lifts private equity target to 20%
A reallocation across $1.1 trillion in assets widens financial alternatives to 12% while trimming real estate targets.
Business
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August inflation report pushes rate hike odds to 85%
The Consumer Price Index climbed 0.4% from July as gasoline drove more than one-third of the monthly increase.
Bending Spoons agrees to buy Miro for $1.355B
The all-cash transaction is scheduled to close in the fourth quarter of 2026, following the collaborative software provider's earlier expansion into training tools.
SoftBank plans longer debt to replace $40 billion bridge loan
The Japanese tech group aims to clear the short-term facility used to back its stake in OpenAI
Wellington Management leads $115 million investment in Clay
The New York sales automation startup secured fresh capital after reaching 14,000 enterprise customers and a $5 billion valuation earlier this year.
US grid adds 20.2 gigawatt-hours of battery storage
Utility-scale projects in Arizona, Texas, and California drove quarterly installations to double national operational capacity over 18 months.
US payrolls rise 162,000 as August hiring beats forecasts
Unemployment held at 4.1% while hiring rebounds in hospitality and municipal government lifted market expectations of a September Federal Reserve rate hike.
Emirates adds electric seats and privacy screens to premium cabins
The Gulf carrier will debut 28 powered recliners on incoming Airbus A350 aircraft as long-haul operators compete for premium travelers.
Law firms expand digital infrastructure teams as data center transactions surge
Kirkland and Latham build benches of over 100 lawyers as energy and compute transactions hit record deal volumes
Uber cuts 3,000 corporate jobs to fund robotaxi push
Chief executive Dara Khosrowshahi is eliminating small management layers and directing capital toward autonomous vehicle partnerships as competition with Waymo accelerates.
Enflame draws 4,073 times retail demand in Shanghai IPO
The Tencent-backed AI chipmaker plans to raise 6 billion yuan on the STAR Market to fund fifth-generation processors.
Google signs MrBeast to multiyear Gemini marketing agreement
The video production deal features extreme climate challenges and Fitbit Air hardware to promote artificial intelligence tools.
Payward plans tokenized trading for 100 London stocks
A partnership with the London Stock Exchange will list digital tracker certificates on an extended venue while domestic investors remain excluded
Behavioral incentives reshape daily personal finance through automated banking guidance
Institutions are connecting continuous behavioral tracking with language models to guide individual money habits, cutting response delays while testing the limits of automated financial nudges.
Financial Times reports Jane Street artificial intelligence investments sour
The London financial newspaper places its coverage of the trading firm behind digital subscription paywalls.
China factory activity contracts for second consecutive month
Industrial profits hit their slowest pace this year as exports and consumption weaken across the country.
Axel Springer sets up Abu Dhabi base to expand in Gulf
The German publisher acquired The Telegraph and backed regional digital outlet The Circuit as international media competitors expand their regional coverage.
Europe pulls US LNG from Asia as prices spike
Goldman Sachs analysts expect European gas will need to trade 40% above current levels to keep cargoes arriving through winter.
Global renewable energy funding drops 21% from peak
Offshore wind contractions slowed worldwide totals, though solar installations across Africa and China continue expanding.
Spot Bitcoin ETF inflows reach eight-day streak as token holds $79,000
Institutional demand marked its longest sustained run since April while broader digital asset markets lost ground.
Jackson Hole talks open as Treasury buybacks clash with Fed inflation target
Global central bankers convene in Wyoming with bond yields near records as Kevin Warsh faces pressure to lift interest rates.
Wall Street scrutinizes Nvidia AI deals ahead of earnings
Investors examine the chipmaker's venture agreements and their potential impact on financial performance as quarterly earnings approach.
Student loan delinquencies reach 10.6 percent
Overdue balances passed three months late at rates unseen since 2020, according to Bloomberg data distributed by Unusual Whales.
Dick's Sporting Goods shares fall 28% in single session
A single-session drop of 28 percent marks a severe retail equity contraction during late August trading on public markets.
SpaceX plans $100 billion Louisiana spaceport for Starship launches
The proposed 130,000-acre coastal site near Pecan Island includes 10 launch pads, private utility infrastructure, and local payments exceeding $820 million.
Apple App Store sales decline for first time in ten years
The drop marks a shift for the company services business after a decade of continuous expansion.
Uber introduces optional video livestreams for teen rides
The optional monitoring tool allows parents and guardians to view live video feeds during trips booked on teen accounts.
Quarter of Gen Z treat sports betting as financial strategy
Data from Bloomberg shows younger Americans increasingly integrating sportsbook wagering into long-term wealth planning despite negative expected returns.
Bitcoin crosses $80,000 as weekly gain tops 20%
Institutional inflows into the iShares fund continued for a sixth day amid macro inflation concerns and calm geopolitical trading
Gold ETF call options gap reaches 2.4 million contracts
The spread over put contracts tripled its multiyear average following currency intervention in Tokyo and unexpected Treasury debt buybacks.