Melius raises $20 million Series A after changing its AI marketing focus
CRV led the round, while General Catalyst led a $5 million seed investment, bringing the startup’s total funding to $25 million.
Globe And Street: global business and finance news
Energy & Commodities
Black Hills plans $1.8 billion power expansion for Google data center
Google will cover electricity supply costs for the proposed Wyoming facility, while Black Hills expects about $150 million in additional net income by 2030.
Markets
Euro rebounds as French bond yields fall
The euro rose 0.35% to $1.126, putting it on course for its largest daily advance since August 19, while the dollar weakened.
- World
- MarketsEuro rebounds as French bond yields fall
- Economy & PolicyBOJ may signal underlying inflation has reached about 2%
- CompaniesMarvell increases fiscal 2028 sales forecast to about $20 billion
- IPO & DealsMelius raises $20 million Series A after changing its AI marketing focus
- Energy & CommoditiesBlack Hills plans $1.8 billion power expansion for Google data center
- Crypto & Digital AssetsFinCEN abandons proposed reporting requirements for private crypto wallets
- Finance
- Tech
Euro rebounds as French bond yields fall and debt concerns ease
The euro rose 0.28% to $1.1252 on October 6, while France’s 10-year government bond yield declined 8 basis points.
BOJ may signal underlying inflation has reached about 2%
Sources say the central bank could update its assessment in an October report, though many officials favor waiting before raising rates again.
Marvell increases fiscal 2028 sales forecast to about $20 billion
Its fiscal 2031 revenue projection of $70 billion to $90 billion also exceeded analyst expectations at the midpoint.
Paramount completes $110 billion Warner Bros Discovery takeover
The combined company, named Skydance, began trading on the New York Stock Exchange under SKYD and is expected to carry about $80 billion in debt.
Oil prices little changed as higher exports offset supply concerns
The G7 has agreed to release 100 million barrels from emergency reserves, but has not specified the mix of fuels or participating countries.
FinCEN abandons proposed reporting requirements for private crypto wallets
The agency also withdrew a separate proposal covering crypto mixers. Neither measure had taken effect.