Yahoo Finance
Bloomberg Markets
Tyson Foods Inc. said it would close several additional beef plants, in the latest sign of the US beefpacking industry’s restructuring amid a prolonged US cattle shortage.
MarketWatch
A new report says that some Anthropic investors expect the company to seek a $2 trillion to $3 trillion valuation, above SpaceX’s $1.7 trillion milestone.
Yahoo Finance
Bloomberg Markets
Bloomberg's Paula Seligson said that specific subsets of the software industry are especially at risk from the 'SaaSpocalypse' — the selloff of companies based around 'software-as-a-service — as artificial intelligence replaces software functionality for things like data visualization. Seligson said that right now investors are trying to figure out the reality of the risk around the 'SaaSpocalypse' and which companies most vulnerable.
(Source: Bloomberg)
Yahoo Finance
Yahoo Finance
Financial Times
US scrutiny of billionaire’s sprawling finance holdings reached beyond insurers into securities and asset management giant
Bloomberg Markets
Gargi Chaudhuri, chief investment and portfolio strategist, Americas at BlackRock, and Matt Wrzesniewsky, head of fixed income client portfolio management at Vanguard, join Emily Graffeo on "Real Yield." (Source: Bloomberg)
Bloomberg Markets
Diversified Energy Co. is in advanced talks to acquire Elliott Investment Management-backed oil and gas company Birch Resources for more than $1.7 billion in cash, according to people familiar with the matter.
Bloomberg Markets
Senior Research Economist Sree Kochugovindan from Aberdeen discussed the recent US inflation data, describing it as a subdued core inflation print that has somewhat eased pressure on the Federal Reserve. Despite inflation remaining elevated and outpacing wage growth, the inflation report was considered a bit of a nonevent. Kochugovindan emphasized that there is still more economic data to be released and the upcoming Jackson Hole symposium remains a critical event for gauging the Fed's next move