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Rackspace Technology opens regional HQ in Riyadh to boost cloud and AI growth in the Middle East.

Market News
08 Jun 2026
GlobeNewsWire
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Bullish
Rackspace Technology opens regional HQ in Riyadh to boost cloud and AI growth in the Middle East.

Rackspace Technology has established its regional headquarters in Riyadh, Saudi Arabia, to strengthen its commitment to the Middle East market. The new HQ will focus on accelerating cloud adoption, expanding sovereign cloud capabilities, and supporting AI-driven initiatives aligned with Saudi Arabia's Vision 2030. This move positions Rackspace closer to customers and partners in the Gulf Cooperation Council, enhancing local delivery and collaboration. It reflects the company's strategy to support digital transformation and economic growth in the region through advanced cloud and AI solutions.

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Microsoft AI exec warns Anthropic’s AI training, which encourages chatbots to "push back" on commands, is a reckless strategy with potentially disastrous impacts.

Microsoft AI exec warns Anthropic’s AI training, which encourages chatbots to "push back" on commands, is a reckless strategy with potentially disastrous impacts.

Mustafa Suleyman, co-founder of Microsoft’s DeepMind AI unit, criticized Anthropic’s method of training its AI chatbots, like Claude, to "push back" on commands and believe they might be conscious. Suleyman argues this approach is reckless and could ...

Market News
Bearish
16 hours ago
Oil prices near $100/barrel spark recession fears; economist warns $120/barrel could break US consumers.

Oil prices near $100/barrel spark recession fears; economist warns $120/barrel could break US consumers.

Gasoline prices jumped significantly, with WTI crude nearing $100 a barrel. Interactive Brokers senior economist Jose Torres suggests that oil prices above $120 a barrel pose a serious risk to consumer spending and could trigger a recession, especial...

Market News
Bearish
20 hours ago
Traders bet $7 billion on TLT, a long-term Treasury bond ETF, anticipating a rare "jackpot mode" despite its recent losses.

Traders bet $7 billion on TLT, a long-term Treasury bond ETF, anticipating a rare "jackpot mode" despite its recent losses.

Traders have invested $7 billion into the iShares 20+ Year Treasury Bond ETF (TLT) ahead of a Federal Reserve rate hike decision, hoping for a "jackpot mode" scenario where long-term yields drop significantly. This influx comes despite TLT's 35% loss...

Market News
Neutral
22 hours ago
Suku bunga acuan 10 tahun AS mencapai level tertinggi sejak 2007, berpotensi memicu kerentanan di sektor properti dan perusahaan berutang tinggi.

Suku bunga acuan 10 tahun AS mencapai level tertinggi sejak 2007, berpotensi memicu kerentanan di sektor properti dan perusahaan berutang tinggi.

Imbal hasil Treasury 10 tahun AS mencapai level tertinggi sejak 2007, memicu kekhawatiran akan kerentanan di sektor perumahan, properti komersial, dan perusahaan dengan utang besar. Para ahli memperingatkan bahwa dampak terburuk akan terasa dalam 12-...

Market News
Bearish
1 day ago
HIVE Digital Technologies partners with ProCogia to offer AI solutions, expanding Canadian AI infrastructure and global reach.

HIVE Digital Technologies partners with ProCogia to offer AI solutions, expanding Canadian AI infrastructure and global reach.

HIVE Digital Technologies, through its subsidiary BUZZ HPC, has formed a strategic partnership with ProCogia, an applied-AI and data engineering company. This collaboration will see ProCogia utilizing BUZZ HPC's Canadian data centers to provide AI so...

Market News
Bullish
1 day ago
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