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Lumen forecasts upbeat free cash flow, sees rising adoption of its digital products
Reuters· 2026-02-03 21:03
Lumen Technologies forecast annual free cash flow exceeding Wall Street estimates on Tuesday, after posting a surprise adjusted profit in the fourth quarter, driven by strong demand for its connectivi... ...
US states file appeal in Google search case, court filing shows
Reuters· 2026-02-03 20:59
A majority of U.S. states on Tuesday are appealing the outcome of a landmark antitrust case against Alphabet's Google, according to court papers. ...
Exclusive: KKR prepares OPI owner Wella Company for US IPO, sources say
Reuters· 2026-02-03 20:54
Investment firm KKR is preparing OPI nail polish owner Wella Company for an initial public offering in the U.S. as soon as this year that could value the global beauty company at meaningfully more tha... ...
Nvidia-backed UK AI firm Nscale hires banks for IPO, sources say
Reuters· 2026-02-03 20:46
Core Viewpoint - Nvidia-backed British artificial intelligence group Nscale Global Holdings is preparing for an initial public offering (IPO) with the assistance of Goldman Sachs and JPMorgan [1] Company Summary - Nscale Global Holdings is an artificial intelligence company based in the UK, supported by Nvidia [1] - The company has engaged two major investment banks, Goldman Sachs and JPMorgan, to facilitate its IPO process [1]
Nvidia will consider investing in OpenAI IPO, CEO Huang tells CNBC
Reuters· 2026-02-03 20:11
Nvidia would consider investing in OpenAI's next fundraising round and also in the startup's eventual IPO, CEO Jensen Huang told CNBC in an interview on Tuesday. ...
Senator says AT&T, Verizon blocking release of Salt Typhoon security assessment reports
Reuters· 2026-02-03 19:07
Core Viewpoint - Democratic Senator Maria Cantwell has accused Verizon and AT&T of obstructing the release of crucial documents related to a significant Chinese espionage operation, known as Salt Typhoon, which has allegedly infiltrated U.S. telecommunications networks. She is calling for the CEOs of these companies to testify before Congress to address these concerns [1]. Company and Industry Summary - Verizon and AT&T are being scrutinized for their role in withholding information regarding the Salt Typhoon operation, which raises concerns about national security and the integrity of U.S. telecommunications [1]. - The call for the CEOs of Verizon and AT&T to appear before Congress indicates a growing legislative interest in the security practices of major telecommunications companies and their potential vulnerabilities to foreign espionage [1].
Santander to buy Webster Financial in $12.2 billion deal
Reuters· 2026-02-03 18:39
Spain's Santander said on Tuesday it will buy U.S. regional lender Webster Financial in a $12.2 billion deal. ...
Investors ramp up bets on steeper yield curve under Warsh-led Fed
Reuters· 2026-02-03 18:38
Core Viewpoint - Investors are increasing their investments in long-dated Treasury yields and anticipating a steeper yield curve due to expectations that incoming Federal Reserve Chair Kevin Warsh will advocate for interest rate cuts while also reducing the U.S. central bank's balance sheet [1] Group 1 - There is a growing sentiment among investors towards higher long-dated Treasury yields [1] - The expectation of a steeper yield curve is linked to the anticipated policy changes under Kevin Warsh's leadership [1] - The Federal Reserve's balance sheet is expected to shrink as part of the new monetary policy approach [1]
Obesity stocks slump on Novo's underwhelming 2026 sales forecast
Reuters· 2026-02-03 18:27
Shares of obesity drugmakers and developers slid on Tuesday after Novo Nordisk forecast a sharper-than-expected sales decline for 2026, underscoring intensifying competition in the blockbuster weight-loss market. ...
Intel CEO says company will make GPUs, has hired lead executive
Reuters· 2026-02-03 18:17
Intel CEO Lip-Bu Tan on Tuesday said the company plans to build graphics processing units (GPUs), the category of chip popularized by Nvidia. ...