TSMC plans investments totaling up to $1 billion in Anthropic and OpenAI
The chipmaker's board authorized up to $500 million for shares in each AI developer, including a purchase tied to Anthropic's IPO price.
Globe And Street: global business and finance news
Markets
Global stocks advance as oil retreats before US inflation data
European and Asian shares gained while traders priced in a near-certain December rate increase by the Federal Reserve.
Companies
Vodafone raises earnings outlook despite €4.79 billion first-half loss
A €4.85 billion impairment in Germany weighed on results, while acquisitions helped lift revenue 11.4% to €21.9 billion.
- WorldAzerbaijan and Ukraine sign cooperation agreements spanning 14 sectors
- MarketsGlobal stocks advance as oil retreats before US inflation data
- Economy & PolicyBOJ sees 1 trillion yen in extra annual ETF proceeds, minister says
- CompaniesVodafone raises earnings outlook despite €4.79 billion first-half loss
- IPO & DealsTSMC plans investments totaling up to $1 billion in Anthropic and OpenAI
- Energy & CommoditiesSpaceX plans Texas power and computing complex with $24 billion initial investment
- Crypto & Digital AssetsPNC and Coinbase plan stablecoin payment pilot for business clients
- FinanceSequoia to close London office and end Arc and Scouts programs
- TechMeta launches Muse Ember for high-volume AI agent tasks
Azerbaijan and Ukraine sign cooperation agreements spanning 14 sectors
The countries adopted a 2026-2027 action plan as official figures showed bilateral trade increased 10.5% in the first eight months of 2026.
Dollar steadies in Asia ahead of US inflation figures
Markets priced an 85% probability of a December Federal Reserve rate increase after October hiring exceeded forecasts.
EU draft sets out fines of up to 6% for unfair digital sales practices
The proposed Digital Fairness Act would restrict manipulative website designs and personalized advertising aimed at children or vulnerable consumers.
SiriusXM taps Tubi chief Anjali Sud to succeed Jennifer Witz
Sud will become CEO on January 1, 2027, while Witz will continue as an adviser through year-end 2027.
Denglin falls, Xinde rises in Hong Kong trading debuts
The Chinese chip companies raised a combined HK$2.36 billion through their initial public offerings.
SpaceX plans Texas power and computing complex with $24 billion initial investment
The company has requested a property tax abatement for the Starbase project, with city officials scheduled to consider it on December 9.
PNC and Coinbase plan stablecoin payment pilot for business clients
Eligible clients will receive Circle’s USDC, with payments automatically converted into US dollars.
Sequoia to close London office and end Arc and Scouts programs
The venture capital firm says it has raised roughly $10 billion in new funds while combining investment teams and reducing internal hierarchy.
Meta launches Muse Ember for high-volume AI agent tasks
Input pricing is 10 cents for every million tokens, with Meta positioning the model to carry out repetitive work alongside its larger Muse Wonder model.