(Bloomberg) — Saudi Arabian artificial intelligence company Humain has invested $3 billion into Elon Musk’s xAI, deepening ties between the world’s richest man and the kingdom as it pushes to become a global AI powerhouse. The investment, announced Wednesday was part of xAI’s $20 billion funding round, which completed shortly before the startup’s acquisition by Musk’s space exploration company, SpaceX (SPAX.PVT). With the deal, Humain said it became a “significant minority shareholder” in xAI. Its holding ...

Equinix, Inc. (EQIX), headquartered in Redwood City, California, operates as a real estate investment trust. With a market cap of $94 billion, the company invests in interconnected data centers. Equinix focuses on developing network and cloud-neutral data center platform for cloud and information technology, enterprises, network, and mobile services providers, as well as for financial companies. Shares of this world's digital infrastructure company have underperformed the broader market over the past yea ...

This story was originally published on Banking Dive. To receive daily news and insights, subscribe to our free daily Banking Dive newsletter. Regulatory burdens imposed by the Consumer Financial Protection Bureau have cost consumers between $237 billion and $369 billion since 2011, according to a White House report published Tuesday. Calculations by the Council of Economic Advisers allege that CFPB rulemaking has led to an increase of $1,100 to $1,700 per originated mortgage, an increase of $91 to $143 p ...

Renowned economist Mohamed El-Erian has signaled a major structural shift in global finance as China's share of the U.S. Treasury market plummeted to a 15-year low, raising concerns over future demand for American debt. Great Retreat Data shared by El-Erian reveals that China's holdings of U.S. Treasuries now represent just 7% of the total market share—a staggering drop from the 28% peak recorded 15 years ago. The total holdings have fallen to approximately $682.6 billion, the lowest level since 2008. “A ...

This story was originally published on Retail Dive. To receive daily news and insights, subscribe to our free daily Retail Dive newsletter. Dive Brief: Williams Sonoma and Pottery Barn parent company Williams-Sonoma is participating in the OpenAI Ad Pilot program, making the home goods company among the first to test ads on the generative AI platform, according to a Feb. 11 press release. As part of the partnership, Williams-Sonoma will explore how to reach customers as they make purchasing decisions. ...

Connecting Excellence Group Plc (AQSE:XCE, OTCQB:XCELF) CEO Scott Ellam talked with Proactive's Stephen Gunnion about the company’s international executive recruitment business and its disciplined Bitcoin treasury strategy as the company started trading on the OTCQB market in the US under the ticker 'XCELF.' Connecting Excellence operates as an international executive recruitment firm placing senior-level professionals across consulting, logistics, engineering and technology sectors worldwide. Ellam expl ...

Wall Street may have calmed down on software stocks, but rare earths are still in fashion. Goldman Sachs analyst Brian K. Lee initiated coverage of Energy Fuels (UUUU) on Feb. 11 with a "Buy" rating. His price target is $30, which implies an approximately 50% upside potential here. His thesis rests on a rare dual advantage. Energy Fuels owns and operates the White Mesa Mill in Utah. It's the only processing facility in the country that is capable of handling both conventional uranium and rare earth elemen ...

Peter Thiel just made a quiet but loud move. He and Founders Fund have fully exited their position in Ethereum treasury firm ETHZilla. The confirmation came through a fresh 13G filing with the SEC. That is a sharp pivot. Just months ago, Thiel’s entry sent the stock flying more than 90%. Now he is out. The timing raises eyebrows. It suggests that institutional enthusiasm for this Ethereum treasury model may be cooling, especially with broader market volatility back in focus. Key Takeaways: Total Exit: ...

General Mills has wiped out any prospect of organic sales growth this year as volumes take longer to recover than anticipated amid a challenged consumer. The US-based manufacturer of snacks, breakfast cereals and pet food is resting its laurels on innovation, particularly in protein, fibre, health and weight management, to drive incremental sales and restore volumes. However, management presented a downbeat forecast for organic revenue and operating profit for fiscal 2026 at the Consumer Analyst Group o ...

New York-based Moody's Corporation (MCO) operates as an integrated risk assessment firm. With a market cap of $76.1 billion, the company provides credit ratings and related research, data and analytical tools, quantitative credit risk measures, risk scoring software, and credit portfolio management solutions and securities pricing software and valuation models. Shares of this credit rating giant have underperformed the broader market over the past year. MCO has declined 19.1% over this time frame, while ...