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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 stock futures dip as Trump rejects Iran peace proposal; Moderna and Micron stocks gain.
US stock futures fell following President Trump's rejection of Iran's response to a US-backed peace proposal, causing geopolitical concerns. Meanwhile, Moderna shares rose over 8% on positive Phase 3 flu vaccine data, and Micron Technologies gained 2...
Graphene Manufacturing's coating boosts energy efficiency in luxury tower AC units in Australia
Graphene Manufacturing Group Ltd announced its THERMAL-XR graphene coating is being applied to 300-600 air conditioning units in two luxury residential towers on Australia's Gold Coast. The coating improves energy efficiency, reduces corrosion, and e...
HSBC raises S&P 500 target to 7,650, citing strong earnings and AI-driven tech momentum.
HSBC has upgraded its S&P 500 year-end target to 7,650, expecting a 3.4% gain driven by robust corporate earnings and momentum in AI-related technology stocks. The bank forecasts a 20% rise in earnings per share by 2026, led by major tech companies, ...
Herbalife shifts from MLM to personalized health brand, cutting debt and expanding digitally.
Herbalife is transforming its business model from traditional multi-level marketing to a modern health and wellness brand focused on personalized biomarker-driven products and digital health engagement. The company has made strategic acquisitions lik...
Longeveron's Phase 2b trial for HLHS stem cell therapy gets positive safety review, continues to completion
Longeveron announced that the independent Data Monitoring Committee (DMC) has completed its final safety review of the fully enrolled Phase 2b clinical trial (ELPIS II) testing laromestrocel as a treatment for hypoplastic left heart syndrome (HLHS). ...
Chinese landscape firm Hui Lyu's AI pivot boosts shares 1,600%, making chairman Li Xiaoming a billionaire.
Hui Lyu Ecological Technology Groups, originally a landscape design firm, saw its shares surge nearly 1,600% after investing in AI-related optical transceiver maker Tri-light Wuhan Electronics Technology in 2024. Chairman Li Xiaoming's stake in Hui L...