ByteDance taps banks for $9.5 billion Asia dollar corporate loan, sources say
(Reuters) – TikTok-owner ByteDance is tapping banks for a $9.5 billion loan that would be the biggest dollar-denominated corporate facility…
Business
Tesla’s China-made EV sales rise 3% y/y in Aug
BEIJING (Reuters) – Sales of U.S. automaker Tesla’s China-made electric vehicles grew 3% in August from a year earlier, data…
Tech market values fall on AI costs and recession fears; Eli Lilly, Berkshire gain
(Reuters) – Market values of major tech firms declined in August amid concerns over escalating artificial intelligence infrastructure costs and…
Intel rises as report of chipmaker exploring options stokes investor enthusiasm
(Reuters) – Intel’s shares rose more than 3% before the bell on Friday, as a report of the struggling chipmaker…
GM delays additional $330 million investment in Thacker Pass, Lithium Americas says
(Reuters) – Lithium Americas said on Friday automaker General Motors has delayed the second tranche of investment, worth $330 million,…
Nasdaq Futures to pay $22 million to settle charges over perk program, CFTC says
(Reuters) – Nasdaq has agreed to pay $22 million to settle U.S. Commodity Futures Trading Commission (CFTC) charges that its…
Exclusive-Dell attempts to sell cybersecurity firm SecureWorks again, sources say
By Milana Vinn NEW YORK (Reuters) – Personal computer maker Dell Technologies is again exploring a possible sale of SecureWorks,…
Apple, Nvidia in talks to join OpenAI funding round, media reports say
(Reuters) -Apple and chip giant Nvidia are reportedly in talks to invest in OpenAI as part of a new fundraising…
Disney’s ESPN signs deal to air US Open tennis through 2037
BRISTOL, Connecticut (Reuters) – Walt Disney’s ESPN signed a deal with the United States Tennis Association to continue broadcasting the…
OpenAI in talks to raise funding at over $100 billion valuation, WSJ reports
(Reuters) – OpenAI, the startup behind the popular ChatGPT, is reportedly in discussions to raise billions of dollars in a…