Business news
- Data center deals hit record $61 billion in 2025 as AI valuation risks and funding concerns grip investors - Hyperscalers are increasingly turning to outside capital in the form of debt to fund the energy-intensive infrastructure.
- Bank of Japan raises benchmark rates to highest in 30 years, lifting 10-year JGB yield past 2% - The hike comes against the backdrop of rising inflation and a weak Japanese economy.
- European Union approves over $105 billion toward Ukraine aid package for next two years - European Union countries have agreed to allocate 90 billion euros ($105.5 billion) in aid to Ukraine for 2026 and 2027, the EU Council President said on Friday.
- India's ICICI Prudential AMC sees shares jump 20% in market debut after stellar IPO - The IPO by the firm jointly owned by India's ICICI Bank and UK's Prudential, was priced at 2,165 rupees per share at the upper end of the price band.
- Suspected Brown shooter Valente is found dead, authorities say - The suspected gunman, Claudio Manuel Nueves Valente, 48, had been a graduate students in physics at Brown University in the early 2000s, authorities said.
- CNBC's Inside India newsletter: Why the India-U.S. trade deal remains elusive - Despite strong economic and strategic reasons, the absence of political will remains the biggest hurdle in closing of India-U.S. trade deal.
- Asia-Pacific markets rise as investors await Bank of Japan decision - Asia-Pacific markets rose as investors on look toward the Bank of Japan decision coming out later in the day.
- TikTok signs agreement to create new U.S. joint venture, memo says - TikTok's U.S. operations will be housed in a new joint venture, according to a memo sent to employees by CEO Shou Zi Chew.
- Nike tops earnings estimates as rising North America sales help to offset China weakness - Nike posted fiscal second-quarter earnings and revenue that topped Wall Street's expectations as CEO Elliott Hill tries to turn around the company.
- Trump signs executive order reclassifying cannabis, opening door to broader weed access - President Donald Trump signed an executive order Thursday reclassifying marijuana as a Schedule III substance with looser restrictions.