Japan’s SMFG Moves Closer to Buying Jefferies
Sumitomo Mitsui (SMFG) is preparing a possible full takeover of Jefferies as the US investment bank’s shares fall 40%.
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Apollo Limits Redemptions in Major Retail BDC Amid Private Credit Outflow Wave
Apollo Global limits withdrawals to 5% in Apollo Debt Solutions after 11.2% redemption requests hit private credit funds amid investor anxiety.
"We Either Build Terafab or We Don't Have the Chips": Musk's Massive Austin Fab to Deliver 1 Terawatt of Compute Yearly
Elon Musk announces Terafab, a $20-25B Tesla-SpaceX-xAI joint venture to build the world's largest chip fab in Austin, targeting 1 terawatt of AI compute yearly for robots, cars, and space.
AOI Scores $53M 800G Order from Major Hyperscale Customer
Applied Optoelectronics lands a new $53 million order for 800G data center transceivers from a major hyperscale client to boost AI infrastructure.
Estée Lauder Shares Drop as Puig Merger Rumors Spark $40 Billion Beauty Shake-Up
Estée Lauder and Puig confirm discussions on a potential merger that could create a $40B beauty powerhouse. Shares drop amid no deal guarantee.
FICO Stock Crashes After Senator Hawley Launches Senate Probe Into 16x Credit Score Price Hikes Hurting Homebuyers
FICO shares dropped after Senator Josh Hawley launched a Senate investigation into massive increases in mortgage credit score prices—from $0.60 to $10—hurting first-time homebuyers.