7 گھنٹے پہلے
Anthropic targets up to $100 billion IPO at about $2 trillion valuation as $518 billion spending plan looms
AI company Anthropic is expected to debut on public markets next month, aiming to raise up to $100 billion at a valuation of about $2 trillion. Revenue rose twelvefold last year to almost $4.6 billion, but the company still posted operating losses of more than $8 billion. It also anticipates spending $518 billion on cloud computing and infrastructure in coming years, underscoring the scale of capital required.
7 گھنٹے پہلے
8 گھنٹے پہلے
Gold rises to one-week high, up about 1.2% for the week on bargain buying
Spot gold climbed 1.4% to $4,190.49 and was on track for a weekly gain of about 1.2% as bargain buying emerged after prices hit a two-month low. A Stone X analyst said the $4,000 area is building a floor. US gold futures for December delivery also rose 1.4% to $4,215.60. Markets are pricing an 84% probability of at least one rate hike by December, while spot silver gained 2.6%.
8 گھنٹے پہلے
9 گھنٹے پہلے
Strengthening El Nino could cut India’s 2026-27 sugar output and push up prices, WMO warns
The World Meteorological Organization has warned that a severe rainfall deficit in India in 2026 could lower sucrose content in sugarcane, reduce the effective harvested area and curb overall output, with a near-100% chance that El Nino conditions persist through February 2027. Indian authorities say speculation and hoarding in parts of the trade have also contributed to a recent rise in retail sugar prices.
9 گھنٹے پہلے