Payments provider ACI Worldwide is reportedly considering a sale of its billing business. That’s according to a report Friday (July 17) by Reuters, citing three sources familiar with the matter. The report noted that the possible sale comes amid strong demand among investors for payments software and recurring revenue businesses, which has sparked dealmaking throughout…
I retired at 53 and have been slow traveling around the world with my husband for almost 2 years. Last month, while we’d been renting a villa in Bali, everything next door would usually grow quiet by sunset. That’s when we got a knock on the door. “There will be a party tomorrow night,” Kadek…
One of the more recent arrivals to our stock market, Space Exploration Technologies (SPCX 5.41%), better known as SpaceX, has never published a quarterly earnings report as a publicly traded company. That’s going to change soon. While the market doesn’t yet have a firm date for when the figures for its second quarter ending June…
Stock futures were mixed Sunday evening and oil prices continued to climb as the deaths of American service members over the weekend added more fuel to the U.S.-Iran war. Futures tied to the Dow Jones industrial average fell 61 points, or 0.12%. S&P 500 futures were down just 0.05%, but Nasdaq futures were up 0.08%….
ET Intelligence Group: A strong performance by the energy division helped Reliance Industries (RIL) offset weakness in retail and Jio BP segments in the June quarter. The refining margins are expected to benefit from elevated product cracks as geopolitical conflicts continue to disrupt global fuel supplies. However, the benefit of stronger refining margins may not…
Asia shares hesitant as oil climbs, earnings loom
South Korea’s financial authorities investigated more than 40 cases of unfair trading, including market manipulation and fraudulent crypto trading, in the last two years. According to an X post by Financial Services Commission Chair Lee Eog-won, 30 of them reported or referred to investigative agencies, identifying 25 suspects since the Virtual Asset User Protection Act…
Key Points Anthropic is moving closer to an IPO, with a potential October debut on the table. The maker of the Claude frontier large language model (LLM) was last valued at $965 billion in its last funding round in May. However, secondary market transactions have recently been valuing the company at around $1.2 trillion. While…
Medical-focused artificial intelligence startup OpenEvidence has reportedly considered raising $200 million at a $20 billion valuation. However, the company is unlikely to proceed, partly because the fundraise will dilute founders and shareholders, The Information reported Friday (July 17), citing a source involved in the discussions. That source added that OpenEvidence has also held acquisition talks…
The streaming service paid $587 million to acquire InterPositive, the AI platform developed by the actor to help filmmakers solve postproduction challenges at a fraction of the cost of reshoots.