Money

Ligent Targets $723 Million Hong Kong IPO for AI Growth as strong AI and cloud demand drives data-center expansion and investor interest.

SoftBank Shares Slide as Global AI Chip Stocks Tumble as AI spending fears drag TSMC, Kioxia and global semiconductor shares lower.

Japan Megabanks Adopt Anthropic Mythos Despite Rising Cyber Risks as banks prepare for AI integration and stronger safeguards.

Elon Musk Requires Wall Street Banks to Purchase Grok AI Subscriptions for SpaceX IPO Roles, driving a $200B listing and forcing banks to invest …

Estée Lauder Reports $4.2B Q2 Net Sales Growth, posting 6% sales rise, higher margins, strong China demand, and an upgraded profit outlook.

SoftBank Moves to Invest $30 Billion in OpenAI Amid Global AI Race, part of a $100B round valuing OpenAI near $830B.

SoftBank Rushes to Meet $22.5 Billion OpenAI Funding Commitment as Masayoshi Son sells assets and raises cash to fuel AI growth.

Bitcoin Falls Below $90,000 as AI Fears Shake Market Confidence, pushing crypto lower as global markets wobble and traders turn cautious.

Visa trials stablecoins to speed up cross-border payments, reducing costs, freeing capital, and improving efficiency in global transactions.

Fed Initiates First Rate Cut Since December Amid Economic Softening, lowering rates to 4.00%–4.25% as growth slows and inflation lingers.