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BUSINESSOct 7Trillions are being ‘wasted’ on the AI boom, Arthur Hayes says. He’s betting on what comes nextFormer BitMEX CEO Arthur Hayes says the AI infrastructure boom is being overbuilt and is betting an eventual crash and bailout will send crypto higher.CNBC
BUSINESSOct 7Constellation Energy's sweeping nuclear deal sparks rally in power sector stocksA nuclear deal by Constellation Energy led to a rally in power sector stocks, indicating significant market movement and business impact.Seeking Alpha Tech
BUSINESSOct 7Penguin Solutions expects FY2027 net sales of ~$2.43B with EPS of ~$4.45, driven by AI infrastructure and memory demandPenguin Solutions projects fiscal year 2027 net sales of approximately $2.43 billion and earnings per share of about $4.45, primarily propelled by demand for AI infrastructure and memory. This forecast highlights future growth expectations in the technology sector.Seeking Alpha Tech
BUSINESSOct 7US bank employee pleads guilty to laundering $4.8 million to ColombiaUn trabajador bancario en EE.UU. admitió haber lavado 4,8 millones hacia Colombia, explotando su cargo en una entidad financiera.El implicado, de Florida, creó cuentas falsas y desbloqueó tarjetas para una red de lavado, recibiendo sobornos a cambio.Clarín
BUSINESSOct 7Land sales offer only temporary relief for West Kowloon arts hub, experts warnHong Kong’s West Kowloon Cultural District is betting on property development to ease its financial pressures amid a widening operating deficit, but experts have warned that land sales will only provide temporary relief and cannot replace a sustainable long-term funding model for the arts hub. The warning comes as the West Kowloon Cultural District Authority prepares to tender a prime residential site in the first half of next year, a potentially lucrative project that property experts expect to...South China Morning Post
BUSINESSOct 6G7's 100M-barrel diesel stocks release looks mostly priced in, analyst saysAn analyst suggests that the G7's planned release of 100 million barrels of diesel stocks is largely already accounted for in market prices. This implies that the market has anticipated and absorbed the impact of this major energy policy decision.Seeking Alpha Tech
BUSINESSOct 6What audiences could expect from Paramount-Warner merger into SkydanceCBS News' parent company, Paramount Skydance, merged with Warner Bros. Discovery on Tuesday, creating a new company now called Skydance. Jo Ling Kent reports on what this means for audiences.CBS News
BUSINESSOct 6Neogen outlines FY 2027 revenue of $885M-$890M and adjusted EBITDA of $181M-$183M as Petrifilm transfer nears startNeogen has provided its financial outlook for fiscal year 2027, projecting revenues between $885 million and $890 million and adjusted EBITDA of $181 million to $183 million. This guidance is issued as the transfer of Petrifilm operations approaches its start.Seeking Alpha Tech
BUSINESSOct 6Nuevo León Gov. García announces US $600M in data center infrastructure investmentNuevo León, like Querétaro to its south, is on a roll in attracting high-tech investment projects, especially data centers for the AI industry. But how long can their power grids hold up under the increasing stress? The post Nuevo León Gov. García announces US $600M in data center infrastructure investment appeared first on Mexico News DailyMexico News Daily
BUSINESSOct 6Mexico’s fixed capital investment grew 6% in July, the fastest pace in 2 yearsThe overall FCI growth rate was up slightly from a 5.9% annual expansion in June, whereas annual private-sector FCI growth increased 2 percentage points from June to reach its highest level in 30 months, a sign that businesses' confidence in their long-term economic prospects is improving. The post Mexico’s fixed capital investment grew 6% in July, the fastest pace in 2 years appeared first on Mexico News DailyMexico News Daily
BUSINESSOct 6Hong Kong’s first-store appeal grows as more Japanese, South Korean and Thai brands arriveJapanese, South Korean and Thai brands have increased their share of new entrants in Hong Kong’s retail property market by 7 percentage points to more than one-third in the first nine months of 2026, while the demand for shops from mainland Chinese brands has slipped, according to Cushman & Wakefield. A slew of new brands helped lift the combined share of Japanese, South Korean and Thai brands to a three-year high, according to Cushman, which said it expected the trend to continue. This year,...South China Morning Post
BUSINESSOct 6US trade deficit passes $100B for first time since March 2025The U.S. trade deficit rose to a 17-month high in August, topping $100 billion for the first time since March 2025. U.S. imports of goods and services that month were worth $105.6 billion more than the value of exports, according to data the Census Bureau and Bureau of Economic Analysis released Tuesday. That marked an…The Hill
BUSINESSOct 6The market expects a recession in the third quarter and an inflation increase to 1.9% in SeptemberLas consultoras esperan una contracción del PBI del 1% en el tercer trimestre.Y una inflación más alta que en agosto.El dólar y las tasas se mantendrían estables.Clarín
BUSINESSOct 6China’s economy to slow as global growth stays solid, US think tank report saysChina’s economic growth is expected to slow further next year as export strength fades and weak domestic demand persists, even as the global economy remains resilient, according to a new outlook from the Peterson Institute for International Economics (PIIE). The Washington-based think tank projects China’s GDP will grow 4.6 per cent this year and 4.3 per cent in 2027, down from 5 per cent growth in 2025, according to its semi-annual Global Economic Prospects report, released on Tuesday. The...South China Morning Post
BUSINESSOct 6SpaceX looks to raise $40bn to buy Nvidia chips in financing led by ApolloBlockbuster debt deal is the latest sign of the vast spending on chips and other infrastructure underpinning AIFinancial Times
BUSINESSOct 6BioMarin Q3 financial results to see IPR&D expense impact of $283MBioMarin's Q3 financial results are projected to show an impact of $283 million from IPR&D expenses. This details a specific financial component in the company's upcoming earnings report.Seeking Alpha Tech
BUSINESSOct 6U.S. crude stockpiles fell 2.1M barrels last week, API saysAccording to the API, U.S. crude oil stockpiles decreased by 2.1 million barrels last week. This data point provides insight into domestic oil supply levels.Seeking Alpha Tech
BUSINESSOct 6Chevron to divest stakes in Hess Midstream, DJ Basin crude midstream assetsChevron plans to sell its shares in Hess Midstream and its crude midstream assets located in the DJ Basin. This strategic divestment reflects a shift in the company's asset portfolio.Seeking Alpha Tech
BUSINESSOct 6With Karina Milei and Santilli, a South Korean giant inaugurated a lithium plant and prepares new investmentsPosco inaugurated the second Sal de Oro plant and is analyzing two new expansion stages. The project received a RIGI for US$208 million in July, when the work started in 2024 was already advanced and was expected to begin operations.Clarín
BUSINESSOct 6After cordial Xi-Trump summit, could China’s US dollar pivot cause tremors?As President Xi Jinping and US President Donald Trump talked tariffs, agricultural quotas and critical minerals at last month’s closely watched summit in Washington, an “elephant in the room” loomed over the discussion: China’s efforts to gradually diversify away from US dollar assets. Beijing has gradually been cutting its holdings of US Treasuries while pushing to expand the yuan’s global use and developing alternative financial architecture. While these issues may not have featured in the...South China Morning Post
BUSINESSOct 6CNN now has a new owner. What will the future of the network be under Skydance?CNN has a new owner: Skydance. After a tumultuous, roughly yearlong process, Skydance-owned Paramount closed its $81 billion buyout of Warner Bros. Discovery on Tuesday. And beyond Hollywood,…Japan Today
BUSINESSOct 6McDonald's sued over AI tool that recommends prices to U.S. franchiseesMcDonald’s is facing a federal lawsuit that alleges its AI-enhanced pricing tool violates antitrust laws because it shares nonpublic data with franchisees who might be competing in the…Japan Today
BUSINESSOct 6Gold futures gain as U.S. dollar, yields turn lowerGold futures are rising due to a decrease in the value of the U.S. dollar and lower bond yields. This market dynamic influences the price of gold as an investment.Seeking Alpha Tech
BUSINESSOct 6First Digital eyes Nasdaq listing in $250M KOYN dealFirst Digital is reportedly seeking a Nasdaq listing through a $250 million deal involving KOYN.Seeking Alpha Tech