Merger involving $61 billion of debt to support India’s credit market
India is merging two major state-owned power lenders, Power Finance Corp. and REC Ltd. This move is expected to inject more funds into the economy and large-scale power projects. Money managers anticipate increased investment opportunities as the combined entity’s bond holdings will be reallocated.
Blackstone leads $600 million raise in AI cloud startup Neysa at $1.4 billion valuation
Launched in 2023 by Sanghi and former senior Netmagic executive Anindya Das, Neysa offers compute power and software tools to build, run, and manage artificial intelligence (AI) applications to businesses ranging from large enterprises to startups and even government clients.
In bitcoin price plummet, ETF flows are down but aren’t signaling ‘crypto winter’ investor panic
As the price of bitcoin and other cryptocurrencies has crashed, exchange-traded funds have seen outflows, but ETF selling doesn’t look like investor panic.
AI disruption could spark a ‘shock to the system’ in credit markets, UBS analyst says
UBS analyst Matthew Mish told CNBC that the artificial intelligence transformation is happening faster than he and his colleagues had previously anticipated.
Stocks making the biggest moves premarket: DraftKings, Applied Materials, Roku, Rivian Automotive and more
These are the stocks posting the largest moves in premarket trading.
China’s Baidu adds OpenClaw AI into search app for 700 million users ahead of Lunar New Year
Chinese search engine operator Baidu plans Friday to start letting smartphone app users to directly tell OpenClaw AI to perform tasks.
Xiaomi’s electric SUV tops China sales in January, sells twice as many as Tesla’s Model Y
Chinese smartphone company Xiaomi has priced its vehicles below Tesla’s and marketed features it claims are comparable or superior.
Stocks making the biggest moves after hours: Rivian, Applied Materials, Airbnb, Pinterest, DraftKings & more
These are the stocks posting the largest moves in extended trading.
Stocks making the biggest moves midday: Crocs, Cisco, Lululemon, AppLovin & more
These are the stocks posting the largest moves in midday trading.
Tech IPO hype gets drowned out on Wall Street by prospect of $1 trillion in debt sales
SpaceX’s potential IPO has generated plenty of investor buzz, but all of the real action in tech capital markets is currently on the debt side.