BMW profit falls as restructuring costs threaten car division loss
The carmaker cut its full-year automotive margin forecast to between -0.5% and +0.5%, while quarterly deliveries in China fell 24.8%.
Globe And Street: global business and finance news
Tech
Orbital Matter tests in-orbit 3D printing with half-meter beam
The German startup also deployed a flexible solar array during the demonstration, although one of its printers failed.
Companies
AMD records $1.07 billion charge tied to OpenAI and Meta warrants
The equity incentives could give each customer roughly 10% of the chipmaker, subject to conditions tied to their chip-purchase agreements.
- WorldOIC anti-corruption officials seek closer cooperation on asset recovery
- MarketsUS stock futures rise ahead of Apple earnings as oil falls
- Economy & PolicyCFTC chairman says stock perpetual futures can start trading on eligible exchanges
- CompaniesBMW profit falls as restructuring costs threaten car division loss
- IPO & DealsJapan's JIC plans to sell JSR to Mitsui Chemicals, sources say
- Energy & CommoditiesSouth Korea explores Turkish energy funding as Sinop partner remains undecided
- Crypto & Digital AssetsBinance investigates possible breach as frozen crypto reaches $2.54 billion
- FinanceAustralianSuper maintains AI focus on chips and data centers
- TechOrbital Matter tests in-orbit 3D printing with half-meter beam
OIC anti-corruption officials seek closer cooperation on asset recovery
Delegates in Azerbaijan focused on implementing a treaty designed to speed cross-border investigations and the return of stolen funds.
US stock futures rise ahead of Apple earnings as oil falls
Asian shares were mixed, while Brent crude fell 2.0% as talks aimed at ending the US-Israeli war on Iran continued.
CFTC chairman says stock perpetual futures can start trading on eligible exchanges
Eligible venues must have both CFTC designation and SEC registration permitting security futures trading.
Skyworks shares fall more than 14% as outlook misses estimates
The chipmaker expects a sequential decline in smartphone revenue and said it completed its Qorvo acquisition after the fiscal fourth quarter.
Ballistic Ventures targets $490 million across two new funds
The cybersecurity investor is seeking $360 million for its third flagship fund and $130 million for Ballistic Ventures Fund B. Neither had recorded sales when filed.
South Korea explores Turkish energy funding as Sinop partner remains undecided
A memorandum calls for examining funding options without specifying an amount, while Seoul seeks a role in Turkey’s second planned nuclear plant.
Binance investigates possible breach as frozen crypto reaches $2.54 billion
Tether and Circle froze assets linked to the incident, while Binance paused Alpha trading and said withdrawals would resume once the issue was resolved.
AustralianSuper maintains AI focus on chips and data centers
The A$430 billion pension fund holds about A$3.05 billion in Nvidia shares in its balanced portfolio, alongside stakes in other AI-linked companies.
Anthropic works on cryptographic checks for AI model identity
The FlashProve research project would allow users to check a model’s identity without exposing its private internal parameters.