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Australia’s richest woman doubles US stocks bet to US$2.5 billion
Most of Rinehart’s new investment goes into simple index trackers for the Nasdaq 100, S&P 500 and Dow Jones Industrial AveragePublished Fri, May 16, 2025 · 06:54 PM[SYDNEY] Billionaire...
AI boom for US stocks still a safe bet, less so for China: BlackRock
[SINGAPORE] Ask any investor who has paid attention to the United States equities market in the last two years, and you are likely to hear the name Nvidia. Few...
Hertz wins over Ackman in a bet tariffs will boost value of cars
[NEW YORK] Bill Ackman’s Pershing Square Capital Management has amassed a nearly 20 per cent stake in Hertz Global in a bet on the rental car company’s turnaround plan...
IBM launches new mainframe in bet that some data stays local
The intense computational requirements of generative AI have increased demand for many kinds of tech hardware[NEW YORK] International Business Machines (IBM) unveiled its latest mainframe system, saying that a...
Brookfield makes US$1.7 billion bet on power needs by AI, data
BROOKFIELD Asset Management agreed to spend US$1.7 billion in a deal to expand its US onshore renewables business as the company bets there will be increasing demand for electricity...
Family offices bet on Nvidia before US$589 billion DeepSeek rout
INVESTMENT firms for the world’s ultra-rich boosted their Nvidia Corp. allocations ahead of the DeepSeek-driven selloff.Family offices for Sweden’s Rausing dynasty, US hedge fund billionaire David Tepper and Silicon...
Meta posts longest rally since 2015 as Wall Street cheers AI bet
Meta Platforms shares posted their longest streak of daily gains in almost a decade, with its latest earnings report adding to investor confidence about its strategy with artificial intelligence...
Rakuten billionaire justifies mobile arm losses with big AI bet – The Business Times
RAKUTEN Group’s chief dismissed sceptics who call the Japanese e-commerce pioneer’s mobile foray a mistake and said the telecom arm is central for future growth through artificial intelligence (AI).A...
