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OpenAI and Microsoft cap revenue-sharing at $38B ahead of OpenAI's potential IPO.
OpenAI and Microsoft have agreed to cap their total revenue-sharing payments at $38 billion, a move that could enhance OpenAI's attractiveness to investors as it prepares for a possible public offering by the end of 2026. Under the new terms, Microso...
Xos shares jump 30% after Air Force selects its mobile EV charging tech for live demo.
Xos, a company specializing in battery-electric commercial vehicles and mobile EV charging systems, saw its shares surge over 30% in after-hours trading following its selection as one of 17 finalists to demonstrate its Charger Hub technology to U.S. ...
BuzzFeed shares jump 135% after $120M investment deal with Byron Allen's family office
BuzzFeed's stock surged over 135% in after-hours trading following a $120 million investment agreement with Allen Family Digital, linked to Byron Allen. The deal involves the purchase of 40 million shares at $3 each, giving Allen's family office a 52...
31% of consumers use mobile wallets in stores as Apple Pay faces rising competition
A recent PYMNTS report reveals that 31% of U.S. consumers used mobile wallets in stores within the last week, with Apple Pay usage doubling over the past year. While Apple Pay remains the most recognized and widely used mobile wallet, rivals like Goo...
Tariffs top political risk concerns despite Middle East conflict, says Willis survey
The latest Willis Political Risk Survey reveals that economic policy risks, especially tariffs, remain the primary political concern for companies, even amid the Middle East conflict. 61% of respondents reported negative financial impacts from tariff...
S&P 500 may gain 27-33% in 2026 if earnings and valuations hold, but risks a 50% drop if P/E ratios normalize.
The S&P 500 could see a 27-33% return in 2026 if current high earnings growth of 28% and elevated price-to-earnings (P/E) ratios around 40 persist. However, this valuation is historically very high, and if P/E ratios revert to the long-term average o...
London Company Large Cap portfolio gains 2.6% in Q1, outperforming Russell 1000's 4.2% drop.
The London Company Large Cap portfolio returned 2.6% (2.4% net) in the first quarter, outperforming the Russell 1000 Index which fell by 4.2%. Key contributors included Entegris, which benefited from increased semiconductor demand driven by AI and be...
Intertek shares jump 5% as EQT raises takeover bid to £9.4bn, offering £60 per share in cash.
Intertek Group PLC shares rose 5% after Swedish private equity firm EQT increased its takeover bid to £9.4 billion, offering £60 per share in cash. This offer represents a 59% premium over Intertek's share price before the bid and includes a potentia...
Clarios supports Max Kruse Racing with advanced battery tech at Nürburgring 24h race.
Clarios, a leader in low-voltage battery technology, is partnering with Max Kruse Racing and driver Benny Leuchter for the 2026 Nürburgring 24-Hour Race. Their advanced battery systems will power multiple Volkswagen GTI and Audi R8 LMS GT3 EVO II car...
Hi-View Resources finalizes Wildlife Management Plan for BC's Toodoggone exploration to protect ecosystems.
Hi-View Resources has completed a Wildlife Management Plan for its Toodoggone properties in British Columbia, aiming to protect wildlife and sensitive ecosystems during its 2026 exploration activities. Developed with EcoLogic Consultants and Chu Cho ...