OpenAI to Cut Back on Side Projects in Push to 'Nail' Core Business
A top leader urged staff not to be distracted by "side quests" as the company plans a shift of resources to coding and enterprise businesses.
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Nvidia's CEO Projects $1 Trillion in AI Chip Sales as New Computing Era Begins
"This is the AI future," Jensen Huang said at the company's GTC Conference, speaking about the shift to inference.
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Nebius, Meta Agree to $27 Billion AI Infrastructure Pact
Nebius agreed to a five-year deal worth about $27 billion to supply AI infrastructure capacity to Meta as it continues to see surging demand for its data center computing.
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Iran War Puts Venture Fund's Public Listing on Hold
Fundrise Innovation Fund is waiting for market volatility to die down before going public.
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Bank of America Agrees to Settle Lawsuit Over Jeffrey Epstein Ties, U.S. Court Says
The lawsuit alleged the bank maintained a relationship with Jeffrey Epstein and failed to report suspicious activities until after the convicted sex offender's death.
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Burger Kingpin Andrew Wiederhorn Clings to FAT Brands as Lenders Seek Ouster
Creditors of the bankrupt restaurant company want its CEO stripped of control in favor of an outside trustee.
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Tesla's 'Cybercab' Name Hits a Roadblock: A French Beverage Company
Ahead of the launch of its Cybercab vehicle, Tesla accuses Unibev of fraud and trademark squatting.
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JBS Beef-Plant Workers Begin Industry's Largest Strike in Years
The company shifted production from the Colorado facility employing thousands of workers ahead of the labor action to soften the impact.
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JPMorgan Is Considering New Prediction Market Guidance for Employees
The world's largest bank is trying to get a handle on the fast-growing world of prediction markets, where regulation is still taking shape.
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$Public Storage(PSA-N)$ to Acquire National Storage Affiliates in $5.6 Billion Stock Deal
Public Storage agreed to acquire National Storage Affiliates in a $5.63 billion all-stock deal, creating a storage-unit company with a combined market capitalization of $57 billion.
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Sable Offshore Resumes Oil Transport After Emergency Order
Sable Offshore resumed the transportation of oil through the Santa Ynez pipeline system off the California coast, following a Defense Production Act emergency directive from the Trump administration.
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Micron Technology Jumps on Plan to Build Second Memory Chip Site in Taiwan
The stock was the sharpest riser in the S&P 500 premarket after the company said the facilities would boost its manufacturing capacity for DRAM and high-bandwidth memory products.
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Dollar Tree Sees Sales Growth Slowing Despite Influx of Inflation-Weary Shoppers
Dollar Tree issued a cautious outlook for the year amid tariff and freight-cost uncertainty, even as demand for discretionary products remains strong.
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Foxconn Expects AI Demand to Remain Strong, Sees Limited Mideast Impact
The world's largest contract electronics maker expects continued demand for its AI servers in 2026 despite the uncertainty and risks posed by the Middle East war.
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Orion Raises $2.2 Billion for Bets on Mining Critical Minerals
The private-equity firm's new pool is among the largest funds ever collected to invest in the extraction industry.
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UniCredit Launches Fresh $28 Billion Bid for Rest of Commerzbank
The offer is the latest twist in a long-running campaign by the Italian bank to take over the German lender.
(END) Dow Jones Newswires
March 16, 2026 21:00 ET (01:00 GMT)
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