Krishna Rao, CFO of Anthropic, expertly manages the company's financial strategy and computing investments as it prepares for a major IPO, driving its rapid growth in the AI industry.

Rio Tinto's first-half revenue rose 15%. The company is expected to reach a $1.8 billion annualized productivity benefit run-rate by the end of 2026.

By Katherine Hamilton SVRN received a letter from Nasdaq stating that it no longer meets the terms necessary to be listed on the market. The stock slid 8% to $27.01 after the bell Friday.

A surge in AI spending is stoking investor concerns. Meta Platforms plans a record $97.5 billion fund raise, adding to worries over shareholder dilution.

FTAI Aviation reported a 31% rise in third-quarter net profit. Adjusted EBITDA came in at $348 million.

Alphabet lost $468 billion in market value this week, more than SpaceX, Intel and Nvidia combined, capping its worst month ever.

Amazon's results fell short of expectations. Its free cash flow was negative $42.4 billion. The iShares AI Innovation ETF dropped about 17 per cent.

Lynas has locked in minimum-price agreements covering more than half of its production, the company said. Output of neodymium-praseodymium oxide reached a quarterly record of 2,082 tonnes.