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Vimeo owner Bending Spoons heads for US market debut after $1.68 billion IPO
Reuters94d agoneutral
Vimeo owner Bending Spoons heads for US market debut after $1.68 billion IPO

Bending Spoons is set for its U.S. market debut later on Wednesday after the Italian technology company priced its initial public offering above ‌the range to raise $1.68 billion. The listing will test investor appetite for software companies after ‌the industry was hammered earlier this year over fears that AI could disrupt established business models. Software companies have been ​largely absent from the U.S. IPO market so far in 2026, even as a steady flow of large deals and SpaceX's blockbuster listing pushed second-quarter proceeds past a record-breaking $100 billion.

US futures edge lower as investors await Warsh remarks and key economic data: Dow Jones, S&P, Nasdaq, Wall Street
InvestorsHub94d agoneutral
US futures edge lower as investors await Warsh remarks and key economic data: Dow Jones, S&P, Nasdaq, Wall Street

Markets begin the second half cautiouslyUS stock futures traded lower on Wednesday ahead of the first session of the second half of the year, with investors preparing for comments from Federal Reserve Chair Kevin Warsh, fresh US manufacturing data and ongoing geopolitical developments in the Middle East. By 03:16 ET, Dow Jones futures were down 202 points, or 0.

Wayve courts automakers with AI driving system that learns like humans
Reuters94d agoneutral
Wayve courts automakers with AI driving system that learns like humans

Autonomous-driving startup Wayve is riding a tide of investor interest. The London-based company has pulled in $2.8 billion from a roster of investors and strategic partners that includes big names across the technology and automotive sectors, from Nvidia to Mercedes-Benz and Nissan. In June, Wayve said it will deploy its system in robotaxis ‌from Jeep maker Stellantis, to go on Uber's ride-hailing network.

Small-Engine Makers Gain Big Momentum in Data Centers
The Wall Street Journal94d agoneutral
Small-Engine Makers Gain Big Momentum in Data Centers

A few years ago, the idea of using hundreds of small engines to power gigawatts of data-center capacity would have seemed ridiculous. More hyperscalers are seeking to hook their data centers to off-grid power, bypassing lengthy wait times to connect to the grid. Many of them are looking to smaller natural-gas turbines that have shorter wait times than the heavy-duty ones.

Verizon pays BT $625M in telecom shakeup
TheStreet94d agoneutral
Verizon pays BT $625M in telecom shakeup

BT Group spent more than 18 months looking for a buyer for its international business. Nobody bit. So BT did something different: It gave half of its international business to Verizon and kept the other half. BT and Verizon announced on June 29 that they signed an agreement to combine their ...

Bloomberg94d agoneutral
Alphabet’s $2 Trillion Gain Turns ‘Rock Star’ Into Question Mark

(Bloomberg) -- Alphabet Inc. has had a remarkable 12 months by just about any measure you can imagine.Most Read from BloombergSpaceX IPO Left Mirae With No Shares on MisunderstandingSupreme Court Backs Birthright Citizenship in Blow to TrumpTrump Reports at Least $1.4 Billion in 2025 Crypto EarningsWhatsApp Opens Username Reservations to 3 Billion UsersYen Hits Four-Decade Low in Historic Slide That’s Rattled JapanThe stock price has more than doubled, raising its market capitalization by more t

Galderma Shares Fall After Bid to Launch Botox Rival in U.S. Hits FDA Setback
The Wall Street Journal94d agoneutral
Galderma Shares Fall After Bid to Launch Botox Rival in U.S. Hits FDA Setback

Galderma shares fell after the Swiss skincare specialist failed to obtain approval from the U.S. Food and Drug Administration for its latest product to rival AbbVie’s Botox for the second time. Shares in Galderma were down 5.6% in European morning trading Wednesday, leaving the stock up 7% since the start of the year. The company said it received a complete response letter from the FDA declining its application for the product—marketed in some countries as Relfydess and also known as relabotulinumtoxinA—with comments related to observations during an inspection of the company’s manufacturing site and its analytical method optimization.

Nike, Adidas Compete for World Cup Dominance
Bloomberg94d agoneutralVIDEO
Nike, Adidas Compete for World Cup Dominance

Bloomberg Opinion's Andrea Felsted assesses the outlook for the sportswear market and how the football World Cup impacts competition between Nike Inc. and Adidas AG. Felsted speaks on Bloomberg Television. Her views are her own.

EU tech chief and Apple CEO had a constructive talk on topics of common interest
Reuters94d agoneutral
EU tech chief and Apple CEO had a constructive talk on topics of common interest

European Technology Commissioner Henna ‌Virkkunen had a "constructive" talk ‌with Apple's Chief Executive Tim Cook ​during a video call held on Monday, said a Commission spokesperson. They spoke ‌about "topics of ⁠common interest" on which work continues, the ⁠spokesperson added on Wednesday. The iPhone maker has said ​its Siri ​AI would ​not be ‌available initially in the EU on iPhones or iPads and faulted the European Commission for refusing to engage ‌constructively with ​them to ensure ​privacy ​and security on ‌their devices, while the ​Commission ​blamed Apple, saying the company had been unable to ​develop "interoperability" ‌to meet EU standards.

Oil's 4-month low hands Exxon, Chevron a fresh problem
TheStreet95d agoneutral
Oil's 4-month low hands Exxon, Chevron a fresh problem

The Iran war handed Exxon Mobil (XOM) and Chevron (CVX) their sharpest stock surge in years. Then the peace dividend arrived, and it had the opposite effect. West Texas Intermediate prices fell to about $69 a barrel on June 28, its lowest since late February. This happened as tanker traffic ...

Bloomberg95d agoneutral
A Giant Cable Exposes Ireland’s AI Ambitions and Security Risks

(Bloomberg) -- On the southwest coast of County Cork, where the lush green landscape gives way to the paler green of the Atlantic Ocean, Ireland is about to make its mark in the tech world again. A subsea cable is due to make landfall here, a high-capacity fiber-optic link designed to handle artificial intelligence loads for Amazon Web Services customers across Europe.Most Read from BloombergSpaceX IPO Left Mirae With No Shares on MisunderstandingSupreme Court Backs Birthright Citizenship in Blo

Messenger-Inquirer, Owensboro, Ky.95d agoneutral
FedEx closing local shipping center in August

FedEx will be closing its local shipping center at 2200 Ragu Drive next month. According to David Westrick, a FedEx spokesman, the facility will be closing permanently on Aug. 29. Westrick said he could not provide any specific details about the number of employees that will be affected or how this will affect local FedEx shipping services. Local customers have already started receiving emails ...

Walmart makes unusual nuclear power bet
TheStreet95d agoneutral
Walmart makes unusual nuclear power bet

Grocery shopping has become a lot more complicated for customers. Shoppers want low prices, but they also want fresh produce, cold dairy, reliable pickup, faster delivery, and shelves that are stocked when they walk into a store after work. That puts more pressure on what happens behind the scenes. ...