Latest news
The newest stories from Globe And Street, across every section.
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- 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.
- 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.
- US software stocks hit 2026 highs as earnings expectations rise
Expected earnings growth for the sector has reached 20.6%, while analysts say concerns about disruption from artificial intelligence were overstated.
- 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.
- Lambda raising up to $4 billion ahead of planned listing
The Nvidia-backed cloud company's reported financing carries a $14.5 billion pre-money valuation, with Blackstone and Coatue Management leading the round.
- 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.
- Benchmark leads $25 million seed round for missile startup Furientis
The one-year-old defense company has a funded Pentagon contract to develop mid-range interceptors and was valued at $125 million.
- 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.
- 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.
- Paramount closes $110 billion deal for Warner Bros. Discovery, creating Skydance
David Ellison controls the combined entertainment company, which says its annual revenue will be nearly $70 billion.
