(Reuters) -ChatGPT-owner OpenAI is allowing its employees to sell roughly $1.5 billion worth of shares in a new tender offer to Japan’s SoftBank (TYO:9984) Group, CNBC reported on Wednesday, citing two people familiar with the matter. The report comes after Microsoft-backed OpenAI completed a $6.6 billion funding round from investors, including SoftBank in October at…
A look at the day ahead in European and global markets from Kevin Buckland Threats of fresh tariffs under a second Trump administration continue to unnerve Asian investors, with Japan again – not China – feeling the biggest effect. There’s already the added weight of a stronger yen, which does not help exports. The currency…
Investing.com– Gold prices rose slightly in Asian trade on Wednesday, extending small gains from the prior session as demand for safe havens remained underpinned by the prospect of increased U.S. trade tariffs. Still, bigger gains in gold were held back by resilience in the U.S. dollar, while easing tensions in the Middle East also sapped…
SYDNEY (Reuters) – New Zealand’s economy widened more than initially reported in the annual year ended March 2024, according to revised government data released on Wednesday. Gross domestic product (GDP) for the year ended March 2024 was revised to 1.4%, a substantial increase from the previously reported 0.3% annual growth, data from Statistics New Zealand…
Investing.com– OpenAI will allow its employees to sell about $1.5 billion worth of shares to Japan’s SoftBank Group Corp. (TYO:9984) in a new tender offer, CNBC reported on Wednesday, as the AI startup courts more high-profile investors. The deal was struck by SoftBank CEO and founder Masayoshi Son, who was seeking a larger stake in…
MIDDLEBORO, Mass. (AP) — Weeks before Thanksgiving, some of the cranberries on dinner plates Thursday are floating on the Rocky Meadow bog in southeastern Massachusetts. The cranberries have turned this pond pinkish crimson. Several workers, up to their waist in water, gently coral the berries toward a pump that vacuums them up onto a waiting…
MELBOURNE, Australia (AP) — Wayne Holdsworth became an advocate for banning Australian children younger than 16 from social media because his son took his own life after falling victim to an online sextortion scam. Mac Holdsworth died last year at his Melbourne family home at the age of 17 after a 47-year-old Sydney man who…
ANKARA (Reuters) – Turkey has reduced its planned $23 billion acquisition of an F-16 fighter jet package from the United States, scrapping the purchase of 79 modernisation kits for its existing fleet, Defence Minister Yasar Guler said late on Tuesday. NATO member Turkey earlier this year secured a deal to procure 40 F-16 fighter jets…
Sources: Dodgers, free agent Snell reach 5-year, $182M deal Jorge Castillo Close Jorge Castillo ESPN Staff Writer ESPN baseball reporter. Covered the Washington Wizards from 2014 to 2016 and the Washington Nationals from 2016 to 2018 for The Washington Post before covering the Los Angeles Dodgers and MLB for the Los Angeles Times from 2018…
Investing.com– The Federal Reserve is likely to cut interest rates in December before switching to a slower pace of cuts in 2025, UBS said in note, stating that U.S. economic growth was likely to remain strong. UBS’ base case is for a 25 basis point cut in December, after which the Fed is expected to…
