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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...
Novo Nordisk's GLP-1 pill launch impresses but price erosion keeps Citi cautious with neutral rating.
Novo Nordisk reported strong first-quarter results, driven by a better-than-expected launch of its Wegovy GLP-1 pill. Citi raised its target price to DKK290, reflecting modest earnings upgrades for 2027-2031, but maintained a neutral rating due to co...
Honey Badger Silver reveals strong germanium potential at Prairie Creek, adding value to its silver project.
Honey Badger Silver has identified significant germanium potential at its Prairie Creek Silver Project in Northwest Territories, based on early assays showing up to 316 ppm germanium in the Stratabound Massive Sulfide zone. This discovery adds a valu...
Biodesix to present new real-world data on Nodify Lung testing at ATS 2026, highlighting clinical and economic benefits.
Biodesix, a diagnostics company, announced it will share new real-world clinical and economic data on its Nodify Lung blood-based test at the American Thoracic Society (ATS) Annual Meeting in May 2026. The data supports the test's role in earlier lun...
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, ...