Finance

The projected cost to rebuild Ukraine’s economy after Russia’s invasion has surged to $524 billion, almost three times the nation’s anticipated 2024 economic output, according to findings by the World Bank, United Nations, European Commission and the Ukrainian government. A […]

Britain’s Rolls-Royce (RYCEY, RR.L) has lifted its mid-term targets to reflect confidence in future profit growth as its plan to improve engine performance and lower costs gains traction, helping it beat expectations last year. The upgrade on Thursday showed the […]

The Agnelli family sold a stake worth around €3 billion ($3.14 billion) in Ferrari NV, after the supercar maker’s value has risen more than 10 times since its initial public offering in the US. Exor NV, the investment vehicle of […]

President Donald Trump threatened new tariffs on the European Union on Wednesday, disparaging the bloc and widening his trade conflict across the Atlantic. “We have made a decision,” Trump said during a cabinet meeting Wednesday afternoon. “We’ll be announcing it […]

Nvidia (NVDA) said Wednesday that its latest Blackwell AI chips have reached full-scale production, generating $11 billion in revenue during its fourth quarter. “We delivered $11.0 billion of Blackwell architecture revenue in the fourth quarter of fiscal 2025, the fastest […]

Bitcoinhas fallen through the $90,000 level, weakened by sell pressure in equities as the crypto market awaits its next catalyst. The price of bitcoin was last lower by 7% at $87,220, according to Coin Metrics. Earlier, it slid as low […]

Perplexity AI, the developer of a popular artificial intelligence search engine, is close to raising a $50 million venture fund focused on early-stage AI startups, CNBC has learned. The company will be an anchor investor in the fund, but most […]

Quebec pension fund manager CDPQ has signed a $10-billion deal to buy Innergex Renewable Energy Inc. in a bid to leave the “short-term” view of stock market investors behind. Under the agreement, the Caisse de dépôt et placement du Québec […]

In one of the largest cryptocurrency-related thefts in history, exchange operator Bybit disclosed over the weekend that it lost US$1.5 billion worth of ether, which comes as industry enthusiasm over recent developments starts to wane. Bybit, one of the world’s […]

GameStop CEO and billionaire investor Ryan Cohen has increased his personal stake in Chinese e-commerce giant Alibaba to roughly 7 million shares worth about $1 billion, The Wall Street Journal reported Thursday. Citing people familiar with the matter, the Journal said the sizable […]