Instacart Is Up for Grabs. But Does Anyone Want to Buy It?
The grocery-delivery pioneer is reportedly sounding out potential suitors. DoorDash appears interested. Uber has already headed home.
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Cerebras’s stock has been a post-IPO bust. Its comeback hinges on this new chip.
Cerebras is betting that its specialized chips will outpace traditional graphics processing units as AI agents become more widespread.
Canada and France in talks to deepen ties while Macron also seeks oil and gas supplies
Canadian Prime Minister Mark Carney and French President Emmanuel Macron agreed Sunday to deepen cooperation in space, defense, energy and business, expanding strategic ties between the two countries as Canada looks beyond the United States for new economic and security partners. Carney said the countries will task their space agencies and defense ministries to develop and share…
AbbVie’s Dividend Yield Is at Its Lowest Level Since 2018. Here’s Why the Stock Is Still a Great Pick for Income Investors Anyway.
AbbVie (ABBV +1.49%) has been a favorite for income investors since spinning off from Abbott Labs (ABT +1.13%) in 2013. For much of the past 13 years, the big drugmaker offered one of the more attractive dividend yields in the healthcare sector. However, AbbVie’s dividend yield today hovers around 2.6% — the lowest level since…
FIFA World Cup subsidiary tests limits of private equity in sports
Global soccer may be finding the limits to private equity’s stampede into sports. A plan by FIFA to sell a minority stake in a new subsidiary — FIFA Forward Enterprise, or FFE — that would control the business side of the World Cup has faced swift backlash. UEFA, the governing organization of European soccer, and…
Iran targeted a ship trying to pass through Hormuz
The escalation is showing no signs of stopping in the Middle East. There were reports that Iran targeted Kuwait yesterday and hit a desalization plant and now Iran’s semi-official Tasnim says that the Revolutionary Guard targeted a ship that ignored warning and tried to pass through Hormuz. Oil is having another big day with WTI…
RBI absorbs ₹2.10 trillion via VRRR auctions amid surplus liquidity | Finance News
The Reserve Bank of India (RBI) on Monday absorbed ₹2,10,192 crore liquidity from the banking system through two overnight Variable Rate Reverse Repo (VRRR) auctions, amid huge surplus liquidity in the system. During the first auction, the central bank received bids worth ₹2,10,688 crore for a notified amount of ₹2 trillion. It accepted ₹2,00,050 crore…
