Saudi Arabia and Microsoft Make Major AI Moves Amid Market Caution
Saudi Arabia's Humain announces multi-gigawatt data center deals with US tech giants, while Microsoft invests $5B in Anthropic. Analysts warn on hyperscaler economics.
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Klarna Sells $6.5B Loans to Elliott to Fuel US Expansion
Klarna partners with Elliott Investment Management to sell $6.5B in loans, boosting its US growth strategy while reporting mixed Q3 results as a newly public company.
PDD Holdings Beats Earnings But Warns of Tough Times Ahead
PDD Holdings (PDD) reports 9% revenue growth and beats profit forecasts, but shares fall as company cautions about fierce competition and regulatory challenges affecting its China and Temu businesses.
ChatGPT, X, and Global Sites Offline: Cloudflare Blames Outage on 'Spike in Unusual Traffic'
A global internet outage hit Cloudflare, causing popular sites like ChatGPT and X (formerly Twitter) to stop working due to a massive, unusual traffic spike.
Callaway Sells Majority Stake in Topgolf for $1.1 Billion
Topgolf Callaway Brands is selling 60% of its Topgolf unit to Leonard Green & Partners (LGP). This deal allows the company to focus on its golf equipment and apparel brands.
BofA Downgrades Honeywell Amid Reorganization Challenges
Bank of America cuts Honeywell to Underperform, citing slow EPS growth and challenges in its Aerospace and Automation split, with a new $205 price target.