China E-Commerce Stocks Sink as Beijing Cracks Down on 618 Discount Wars
Beijing targets misleading 618 deals by JD, PDD, Alibaba; stocks fall as regulators curb subsidy wars and unclear discounts.
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OpenAI’s Huge 10GW Ohio Data Center Deal Lifts Fermi Shares
OpenAI plans a huge Ohio data center with Nvidia support, boosting Fermi stock as investors expect new big AI deals.
America’s Car-Mart in Desperate Search for $500 Million Rescue Financing
Subprime auto dealer America’s Car-Mart is urgently seeking $500 million in rescue financing to avoid bankruptcy amid cash crisis and heavy debt.
SpaceX to Launch First Orbital AI Computers by End of 2027 – IPO Demand Hits 4x Oversubscribed
SpaceX plans its first orbital AI computing tests by late 2027, ahead of its forecast. Investor demand has reached nearly 4x oversubscription, with over $250B for the $75B raise.
Activist Hedge Fund Ancora Pushes Ashland to Sell – Stock Could Jump 30%
Activist hedge fund Ancora has built a major stake in Ashland and is demanding the company sell itself. Proxy fight threatened if no progress by September.
Nuvei in Advanced Talks to Buy Payoneer for $2.7 Billion
The deal would boost cross-border payments and add big clients like Amazon, Walmart, and eBay.