Dow Jones Top Financial Services Headlines at 11 am ET: Andreessen Horowitz Launches 'Machine Age' Fund to Tackle AI Supply Bottlenecks | PayPal ...

Dow Jones
08/28

Andreessen Horowitz Launches 'Machine Age' Fund to Tackle AI Supply Bottlenecks

The SpaceX and Anduril backer wants to expand its investments in chips, robots and other hardware.

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PayPal Shares Dive Premarket on Report of Advent, Stripe Abandoning Takeover Plan

Shares in PayPal fell nearly 15% premarket to $52.47 a share.

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Generali Mulling Monte dei Paschi's $10 Billion Takeover Bid for Banca Generali

The private bank's majority shareholder confirmed its willingness to evaluate the proposal, saying it envisioned new growth opportunities for both companies.

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Financial Services Roundup: Market Talk

Find insight on China Citic Bank, Malayan Banking, Toronto-Dominion Bank and more in the latest Market Talks covering Financial Services.

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Warren Buffett Turns 96 on Sunday. His Final Berkshire Masterpiece Isn't Winning Over Wall Street.

Since he stepped down as CEO at the start of the year, Buffett has remained very much in the game.

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Royal Bank Notches Record Earnings as Quarterly Results From Canada's Biggest Banks Beat Expectations

Royal Bank of Canada's record earnings in the latest quarter capped a strong period for the country's big lenders.

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Trump Family's New Crypto Bank Is Backed by Abu Dhabi Sheikh

The Emirati "spy sheikh" backs a 49% stake in the entity behind the new World Liberty bank.

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TD Bank Earnings Lifted by Growth in Canada, Capital Markets Activity

Toronto-Dominion Bank's earnings were up sharply in the latest quarter as the big lender continued to see strong growth in its Canadian banking and capital markets businesses, while also setting aside less money for soured loans.

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Affirm Stock Surged After Earnings. A Big Shopify Deal Is Adding Fuel.

Affirm posts better-than-expected revenue and gross merchandise volume in its fiscal fourth quarter.

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Kalshi and the Weather Co. Join Forces on Climate Trades

The trading platform is now getting input from experts that operate a leading weather app to verify popular climate-prediction markets.

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Think Treasurys Are Having a Rough Summer? It's Even Uglier Abroad

Countries with large debt burdens-France, Italy, the U.K., Japan-have come under the heaviest pressure in recent months.

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Bank Lending to Eurozone Businesses Fell Again in July

Rising borrowing costs might be weakening the currency area's economy ahead of another expected ECB rate rise.

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Aker Shares Climb After Nscale Gets $45 Billion Contract

Aker stock jumped after it said Nscale had signed the contract to provide AI compute capacity at its Monarch site in West Virginia, U.S.

 

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