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Elon Musk's AI infrastructure shift turns massive losses into $5-6B profit potential
Elon Musk's AI venture xAI, previously incurring heavy losses, is pivoting to become highly profitable by monetizing its AI infrastructure. Instead of just using its Colossus supercomputer for internal AI training, Musk is positioning it as a cloud s...
FTI Consulting appoints Emanuele Grasso to lead Corporate Finance in Italy, boosting its financial services growth.
FTI Consulting has named Emanuele Grasso as Senior Managing Director and leader of its Corporate Finance segment in Italy. Grasso, with over 30 years of experience advising global financial institutions on complex transactions, returns to Milan after...
Nomagic and Brack.Alltron expand partnership to deploy advanced AI robots in Swiss warehouses.
Nomagic, a robotics company specializing in Physical AI, has expanded its partnership with Swiss e-commerce platform Brack.Alltron to include Vision-Language-Action (VLA) systems in live warehouse operations. This upgrade enables robots to better und...
Investec Bank discloses share dealings for Advanced Medical Solutions Group on May 8, 2026.
Investec Bank plc, acting as advisor and joint broker to Advanced Medical Solutions Group plc, disclosed its share dealings on May 8, 2026. The bank purchased 120,756 ordinary shares at prices between 245 and 250 pence and sold 176,081 shares at pric...
US banks reveal $1.14T exposure to risky private credit, raising systemic risk concerns.
In early 2026, the six largest US banks disclosed for the first time their massive exposure to non-depository financial institutions (NDFIs), including private credit funds, totaling over $1.14 trillion in loans. This sector, often called shadow bank...
VOO outperforms SPY for long-term investors due to lower fees and better dividend handling.
SPDR S&P 500 ETF Trust (SPY) and Vanguard 500 Index Fund ETF (VOO) track the same S&P 500 index with identical holdings, but differ in structure, fees, and dividend handling. SPY, an older unit investment trust, has higher fees (0.0945%) and cannot r...
Duke Energy seeks DOE loans to cut costs and boost electric grid capacity amid rising demand
Duke Energy has applied for loans from the U.S. Department of Energy to fund investments aimed at strengthening the electric grid and expanding capacity in fast-growing states. The DOE loans would lower financing costs, allowing Duke Energy to delive...
Programmable Logic Device market to reach $11B by 2035, driven by AI, IoT, and automotive demand.
The global Programmable Logic Device (PLD) market is projected to grow from USD 6.25 billion in 2025 to USD 11.02 billion by 2035, with a CAGR of 5.84%. Growth is fueled by rising demand for compact, high-performance, and low-power PLDs in sectors li...
Ariel Appreciation Fund rises 1.14% in Q1 but trails key midcap indexes.
The Ariel Appreciation Fund gained 1.14% in the first quarter, underperforming the Russell Midcap Value Index's 3.68% and the Russell Midcap Index's 1.29% returns. Growth demand was strong in sectors like AI networking, aerospace, defense, satellite ...
Marpai secures major new contracts, boosting path to profitability with integrated healthcare services.
Marpai, Inc. announced significant new contracts with self-insured employer groups, expanding its Third-Party Administration (TPA) and Pharmacy Benefit Management (PBM) services. These wins are expected to drive the company's growth and help achieve ...