News
Yann LeCun’s New AI Startup Raises $1 Billion For “World Models”
6+ hour, 54+ min ago (151+ words) Advanced Machine Intelligence is pitching reasoning-and-planning systems for complex industries as a different path from today's large language models. AI pioneer Yann LeCun raised $1.03 billion for Advanced Machine Intelligence (AMI) to build "world models" " software meant to understand environments, not…...
Glencore Eyes An Australia Listing To Win Over New Investors
2+ hour, 48+ min ago (83+ words) After ending Rio Tinto merger talks, the miner may add an ASX listing to broaden its shareholder base, even as it flags Australia's rising costs and tougher rules. Glencore is considering a secondary listing on Australia's ASX to attract more…...
Deal-Making Spreads Across Health, Energy, And Insurance
2+ hour, 11+ min ago (246+ words) From Agilent and Universal Health Services buying healthcare assets to Shell selling Jiffy Lube, companies and private equity are reshaping portfolios and chasing higher-return growth. Deal-making is picking up across healthcare, energy, and insurance as companies reshape portfolios and pay…...
Pantoro’s Norseman Expansion Plan Didn’t Impress Investors
11+ hour, 58+ min ago (176+ words) The miner mapped out new underground development and higher-grade targets for FY27, but its shares still fell 17% as the timeline hinges on dewatering and fresh resource updates. Pantoro unveiled new growth steps at the Norseman gold project in Western Australia, yet…...
S&P 500 Earnings Season Landed Well Above Expectations
17+ hour, 56+ min ago (95+ words) Fourth-quarter profits rose 13.7% and about three-quarters of companies beat estimates, led by industrials and tech, keeping strategists upbeat on the US outlook. Earnings season is almost done, and S&P 500 fourth-quarter profits came in much stronger than Wall Street expected,…...
Congo’s State Gold Trader Wants 15 Tons, But The Central Bank Gets First Dibs
21+ hour, 17+ min ago (161+ words) DRC Gold Trading is scaling up artisanal purchases and expanding across eight provinces, while a new deal prioritizes reserve-building over exports even as foreign buyers line up. Congo's state gold trader, DRC Gold Trading, targets 15 metric tons of artisanal gold…...
Chinese Electric Truck Makers Set Their Sights On Europe
3+ hour, 4+ min ago (183+ words) Lower-priced models and faster development cycles are pushing Europe's truck giants to lean on policy support, local service networks, and loyal fleets. Europe's electric-truck market is about to get crowded: Reuters reports multiple Chinese heavy-duty EV makers plan to start…...
BofA Still Likes ArcelorMittal, Even With Higher Energy Bills
7+ hour, 17+ min ago (213+ words) The bank expects steelmakers to pass higher costs into prices, keeping its "65 target and a steady $1$2 billion annual capex plan intact. Bank of America Global Research kept a buy rating on ArcelorMittal after meeting management, saying Europe's higher energy bills…...
FTSE 100 Looks Set To Edge Up As Oil Cools Off
7+ hour, 5+ min ago (188+ words) UK stocks steadied after a rough stretch, with Shell selling Jiffy Lube for $1.3 billion and investors watching wages, softening consumer demand, and fresh earnings. UK equities looked set for a small bounce, with FTSE 100 futures up after the index hit…...
BluMetric Lands Florida Wastewater Deal And Eyes US Factory Expansion
15+ hour, 34+ min ago (81+ words) A $1.5 million membrane bioreactor contract for a housing development supports the case for more steady US demand " and could lead to doubling its Gainesville manufacturing space. BluMetric Environmental landed a $1.5 million wastewater-treatment contract in Florida and says rising US demand…...