Capital Brief — Business news and politics for the new economy
WEBCapital Brief covers business and politics news for those shaping the new Australian economy: founders and executives who need capital to grow their businesses, the people who help them get it, investors who allocate it, and decision makers in …
OpenAI closes record US$6.6b raising, hits US$157b valuation
WEB2 days ago · The news: OpenAI completed its US$6.6 billion ($9.59 billion) funding round, in the largest VC deal ever, nearly doubling its valuation in just months to become one of the three largest venture-backed startups alongside SpaceX and ByteDance. The numbers: The deal values the company behind ChatGPT at US$157 billion, post-investment, up from a US$86 billion valuation in a tender offer to ...
Finance and markets - Capital Brief
WEBThe latest finance and markets news from Capital Brief, including banking, deals, ESG, funds management, investment banking, infrastructure, markets, private equity, professional services and venture capital coverage.
Markets - Capital Brief
WEB1 day ago · Markets news including ASX ends lower, Platinum and Regal gain, US stocks end lower ahead of jobs data, Middle East focus, Australian shares set to drop after Wall Street decline.
Economy — Capital Brief
WEB3 days ago · Economy news including US stocks end lower ahead of jobs data, Middle East focus, US unemployment claims rise slightly, IMF backs RBA's higher interest rate stance, warns of fiscal spending risk.
BHP’s climate plan divides shareholders ahead of AGM
WEB3 days ago · BHP shareholders are due to vote on the climate plan, which was updated in August, at the company’s annual general meeting on 30 October. The updated plan includes a five-year disclosure on how it will allocate capital to decarbonisation technologies in steelmaking, aiming to reduce Scope 3 emissions in line with its 2030 and 2050 targets.
China pledges more stimulus to hit growth target — Capital Brief
WEBSep 26, 2024 · The news: Chinese leaders pledged “necessary fiscal spending” to meet the country’s 5% growth target, raising expectations for fresh stimulus on top of recent measures. The context: The 24-member Politburo vowed to stabilise the property sector and support fiscal spending to counter the slowdown in the world’s second-largest economy. Authorities also promised “strong” interest rate ...
Revised US GDP shows robust pandemic bounce back
WEBSep 26, 2024 · The news: The US economy grew more strongly than estimated in recent years, with consumer spending driving much of the gains, according to revised data in an annual update from the Bureau of Economic Analysis (BEA). The numbers: Second-quarter GDP increased at a previously estimated annualised 3.0% rate, while first-quarter growth was revised upwards to 1.6%, up from 1.4%.
Nvidia details US$50b buyback and revenue jumps 122%, but …
WEBAug 28, 2024 · Despite being expectations, Nvidia's stock has dipped around 5% in after-hours trading.. The context: Nvidia has thus far been the chief beneficiary of the AI boom, its stock having grown 2900% over the past 5 years. That extraordinary run has led to extraordinary expectations, with global markets closely observing the company as a potential bellweather for the AI bull run in general.
Microsoft, BlackRock to launch US$30b AI infrastructure fund
WEBThe news: Global investors BlackRock, Global Infrastructure Partners (GIP) and MGX have joined with tech giant Microsoft to launch a new artificial intelligence partnership, with …