Akamai Lands $11.6 Billion Anthropic Cloud Deal With Potential to Reach $20 Billion
Akamai signed a seven-year $11.6 billion cloud deal with Anthropic, with expansion options that could lift the total commitment to about $20 billion.
THE LATEST
Business
Companies, industries, markets and the forces changing how businesses operate around the world.
Schneider Electric Plans €1.2 Billion Takeover of Smart-Home Firm Shelly Group
Schneider Electric plans a €70-a-share cash offer for Shelly Group, valuing the smart-home and IoT company at about €1.2 billion.
General Mills Beats Quarterly Sales Estimates as More Consumers Eat at Home
General Mills reported $4.39 billion in quarterly sales, topping analyst estimates as demand improved for cereals and pantry staples.
Royal Caribbean to Buy 50% of Sandals Resorts for $3 Billion
Royal Caribbean agreed to buy a 50% stake in Sandals Resorts for $3 billion, extending the cruise group deeper into all-inclusive land-based vacations.
TUI Tightens 2026 Profit Outlook as Late Bookings and Fuel Costs Shape Travel Demand
TUI narrowed its 2026 underlying EBIT forecast to €1.2 billion–€1.3 billion as late booking trends and geopolitical uncertainty continue to shape travel demand.
Binance Takes $100 Million Stake in Circle as USDC Partnership Expands
Binance is investing $100 million in Circle under a new five-year agreement aimed at expanding USDC use across the crypto exchange’s products and…
SoftBank Launches $11 Billion Bond Sale to Fund Next OpenAI Investment
SoftBank launched more than $11 billion of dollar and euro bonds as it prepares to fund the final $10 billion tranche of its…
Paramount-Warner Bros. Settlement Clears Major Legal Hurdle for Media Megadeal
Paramount and Warner Bros. Discovery reached a settlement with 12 states, adding production, worker and editorial safeguards while clearing a major merger hurdle.
Nasdaq Closes at a Record as Chip Rally and Lower Yields Lift Wall Street
The Nasdaq jumped 2.3% to a record close as chip stocks surged, while lower oil prices and Treasury yields helped lift the broader…
Wall Street Opens Higher as AI Stocks Rise and Oil Prices Retreat
U.S. stocks opened higher as AI-linked shares advanced, Treasury yields eased and falling oil prices reduced some inflation concerns.
U.S. and China Open New AI Safety Dialogue Ahead of Trump-Xi Summit
Senior U.S. and Chinese officials discussed a proposed AI incident-notification mechanism in New York as they prepared for this week’s Trump-Xi summit.
Gulf Stocks Slide After Riyadh Attacks Add a New Risk for Regional Markets
Saudi and other Gulf markets fell on September 20 after Houthi attacks on Riyadh deepened investor concern over regional security, energy infrastructure and…