14 stories
Warren Buffett's Berkshire Hathaway boosted its stake in Google parent Alphabet by $17 billion in the second quarter. The move makes Alphabet the third-largest holding in Berkshire's equity portfolio, according to a regulatory filing.
Shoppers across Australia reported issues with card payments, with Commonwealth Bank saying payments were being declined due to a global issue with Mastercard. The outage disrupted everyday retail transactions nationwide.
Japanese Prime Minister Sanae Takaichi is pursuing a $2.3 trillion industrial policy push aimed at reviving the country's economic growth, according to Nikkei Asia. The plan marks one of the most ambitious state-led investment drives in Japan's recent history.
Chinese researchers say they have developed a missile AI system that can distinguish stealth fighter heat signatures with over 90% accuracy, even when aircraft deploy flares meant to confuse infrared sensors.
A lawsuit filed against Trump Media challenges a Truth Social plan that sells paying subscribers early access to President Trump's market-moving posts for $100,000. The suit argues the scheme creates an unfair information advantage.
China's domestically built C919 passenger jet completed its first international flight, marking an early step in the aircraft's bid to challenge Boeing and Airbus in the global narrow-body market. The milestone is seen as central to Beijing's push for aviation self-sufficiency.
Meta goes to trial against 29 US states over claims that it deliberately designed Instagram and Facebook to be addictive to children and teenagers. The case is regarded as the largest test yet of youth social media litigation nationwide.
Major Wall Street banks have backed Nvidia CEO Jensen Huang's financing approach for the ongoing AI data-center build-out. The move extends a funding model that mixes debt and equity issuance to bankroll the infrastructure race.
TSMC, the world's largest contract chipmaker, has taken the unusual step of partnering with Sony as competitive pressure builds from Samsung and increasingly capable Chinese semiconductor rivals. The move reflects a broader push toward consolidation across the chip industry.
OpenAI has completed a $7 billion tender offer allowing employees and existing investors to sell shares, in a move seen as preparation for a potential future IPO. The offer had been in the works since the company closed its record-breaking $122 billion funding round in March.
Two subsea cables off the coast of Perth, vital for international communications, suffered a fault over the weekend, and the company that owns them is urgently seeking answers about what happened. The company has called for federal police to investigate, as the fault occurred inside a designated protection zone. The incident has raised concern about the security of critical undersea infrastructure.
Rocket Lab, led by Sir Peter Beck, posted record revenue and order backlog for the second quarter, though the company remained loss-making. The results landed alongside the space company's takeover bid for satellite communications giant Iridium. The figures point to continued rapid growth even as profitability remains elusive.
Nvidia has arranged $500 billion in financing from major banks to support the buildout of AI data centers. CEO Jensen Huang told CNBC that because the company's chips are widely adopted, flexible and transferable, lenders can underwrite them as a revenue-generating, investable asset. The deal underscores the scale of capital now flowing into AI infrastructure.
Intel plans to raise $15 billion through a new stock offering as demand for artificial intelligence infrastructure accelerates. The move follows a broader trend of technology companies raising capital to fund AI-related buildouts, after major players have already spent trillions supporting the sector's growth. The offering would add to Intel's resources as it competes in the AI chip market.