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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...
Retiree builds $1M portfolio yielding $5,694 monthly income without selling assets.
Sue, a retiree, created a $1 million portfolio across three ETFs to generate about $5,694 monthly income without selling any assets. The portfolio includes JPMorgan Equity Premium Income ETF (yield 8.46%), Schwab US Dividend Equity ETF (yield 3.34%),...
Disney's new CEO drives AI and Disney+ growth plans, sparking renewed investor optimism.
Disney has struggled with stagnant stock performance over the past decade, but new CEO Josh D’Amaro is leading a transformative strategy focused on growth through Disney+, tech-enabled experiences, and AI integration. The company aims to leverage AI ...
Airtel Africa shares jump 16% after Bharti Airtel plans stake reorganization
Airtel Africa's shares surged over 16% following Bharti Airtel's announcement of a planned reorganization of its subsidiary holdings, including Airtel Africa. The reorganization may involve consolidating or acquiring shares of subsidiaries, potential...
BP gets a second chance to cut debt as high oil prices boost outlook, says RBC Capital Markets.
RBC Capital Markets upgraded BP to outperform, highlighting a new opportunity for the oil giant to reduce its debt amid elevated oil and gas prices. The broker expects BP's net debt-to-cash flow ratio to drop from 2.0 in 2025 to 1.0 by 2027 if Brent ...
ADIA Nutrition's four clinical studies on stem cell therapies get IRB approval, kidney study starts recruitment.
ADIA Nutrition announced Institutional Review Board (IRB) approval for all four of its planned clinical studies evaluating its AdiaVita™ stem cell and exosome therapies. The flagship kidney health study for chronic kidney disease has been registered ...
S&P 500 hits 15th record high amid rising geopolitical risks and inflation concerns
The S&P 500 reached its 15th all-time high this year despite growing macroeconomic and geopolitical challenges, including ongoing Middle East conflicts driving up oil prices and inflation. Strong corporate profits, especially from AI-focused tech com...