JPMorgan’s $38 Billion Data Center Loan Is Still Looking for Buyers
More than two dozen lenders signed on to finance two data center campuses tied to Oracle’s expansion. Months later, less than $1 billion of the roughly $38 billion package still…
State Street’s Record Custody Book, a Revenue Miss
The asset figures State Street reported Wednesday were the largest in the company’s 234-year history. The revenue line was not large enough. The Boston-based custody bank said assets under custody…
Musk Backs Micron’s Memory Prices and Faults Its Rivals
The post arrived at 5:52 p.m. Eastern on Oct. 13, a reply from Elon Musk to an investor summarizing a JPMorgan note about the memory chip market. In two sentences,…
Anthropic Hands Investors the Numbers and Lets Them Set the Price
At its headquarters in San Francisco on Tuesday, Anthropic gave a group of institutional investors its third-quarter financials and asked them, in effect, to name a price. They came back…
A Rare Miss at JPMorgan, and a Colder Quarter Behind It
JPMorgan Chase had not missed a quarterly revenue forecast since late 2023. On Tuesday the streak ended, and the number that broke it was not the one most investors were…
Wall Street’s Trading Boom Starts to Split
When Goldman Sachs reports third-quarter results on Tuesday morning, the first of the big banks to step forward, the number most likely to move its stock sits a line or…
An AI Drug Startup Files to Go Public, With Nvidia on the Cap Table
Iambic Therapeutics, a San Diego company that uses artificial intelligence to design medicines, registered for a US initial public offering this week, in one of the first tests of whether…
Quantum Computing Draws More Than $4 Billion in Venture Money This Year
The largest single check ever written to a quantum computing company was not from a specialist fund. It came from a group of mainstream investors that included names better known…
AI Data-Center Borrowers Watch the Price of Their Money Rise
Spools of electrical wire sit outside the assembly tents at the Stargate AI data center in Abilene, Texas, where crews are still pouring concrete for a campus that will not…
Meta’s Shares Climb to the Edge of a $2 Trillion Valuation
Six weeks ago, Meta Platforms was one of the worst-performing stocks in the S&P 500. On Thursday, the company stood less than 1 percent from a threshold only a handful…
