Financial services giant Charles Schwab said on Thursday it has agreed to buy Forge Global , a platform for trading shares of pre-IPO companies, in a deal valued at $660 million. ...

Core Insights - Snap shares increased by 18% in premarket trading following a $400 million partnership with startup Perplexity AI, indicating investor confidence in Snap's potential to compete with larger rivals [1] Company Summary - The partnership with Perplexity AI is seen as a strategic move for Snap to enhance its capabilities and market position [1] - The financial commitment of $400 million reflects Snap's dedication to innovation and growth in the competitive social media landscape [1] Industry Summary - The collaboration highlights the ongoing trend of social media companies seeking partnerships with AI startups to improve user engagement and technological advancements [1] - This development may signal a shift in the competitive dynamics within the social media industry, as companies leverage AI to differentiate themselves [1]

Swiss stock exchange operator SIX said on Thursday it expects a 2025 net loss of about 300 million Swiss francs ($378.26 million), citing an impairment of roughly 550 million francs on its 10.5% stake... ...

India's GlaxoSmithKline Pharmaceuticals reported slightly higher second-quarter profit on Thursday, led by steady demand for its specialty medicine portfolio. ...

Core Points - The European Central Bank (ECB) will participate in Eurex's centrally-cleared repo market starting in the first quarter of 2026 [1] Group 1 - The announcement was made by Deutsche Boerse, the operator of the Eurex derivatives exchange [1]

Ireland's central bank fined an Irish subsidiary of cryptocurrency exchange Coinbase Global 21.5 million euros ($25 million) on Thursday for breaching anti-money laundering and counter-terrorist trans... ...

Core Points - Tesla shareholders are set to vote on a proposal to potentially grant CEO Elon Musk a compensation package worth up to $878 billion, marking it as the highest executive pay in history [1] Company Summary - The proposed compensation for Elon Musk is unprecedented, with a total value of $878 billion, which would significantly surpass any previous executive pay packages [1]

Core Viewpoint - The recent fluctuations in shares related to artificial intelligence highlight the increasing dependence of the U.S. stock market on the technology sector for growth [1] Group 1 - The U.S. stock market's reliance on the technology sector is becoming more pronounced [1] - Artificial intelligence shares are experiencing notable volatility, reflecting broader market trends [1]

Commerzbank's CEO Bettina Orlopp said on Thursday that she was "incredibly surprised" by news of a 2024 meeting between then-CEO Manfred Knof and his counterpart at UniCredit , Andrea Orcel. ...

Euro zone retail sales unexpectedly fell in September, challenging expectations for a consumption-led recovery and offsetting other mildly positive news from the 20-nation currency bloc, data from Eurostat showed on Thursday. ...