Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) is raising a whopping $80 billion to build AI compute and pay taxes. The funds will come from public markets as well as a surprising investment from Berkshire Hathaway (NYSE: BRKA) (NYSE: BRKB) . In this video, I go over the details, why Alphabet raised money, and how it puts the company well ahead in the age of AI. The biggest question may now be: Who can k...
Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) is raising a whopping $80 billion to build AI compute and pay taxes. The funds will come from public markets as well as a surprising investment from Berkshire Hathaway (NYSE: BRKA) (NYSE: BRKB) . In this video, I go over the details, why Alphabet raised money, and how it puts the company well ahead in the age of AI. The biggest question may now be: Who can keep up? *Stock prices used were end-of-day prices of June 2, 2026. The video was published on June 2, 2026. Continue reading
July WTI crude oil (CLN26 ) today is down -0.29 (-0.31%), and July RBOB gasoline (RBN26 ) is up +0.0390 (+1.26%). Crude oil prices are under pressure today on improved prospects for a peace deal between the US and Iran. President Trump said negotiations with Iran are continuing "at a...
July WTI crude oil (CLN26 ) today is down -0.29 (-0.31%), and July RBOB gasoline (RBN26 ) is up +0.0390 (+1.26%). Crude oil prices are under pressure today on improved prospects for a peace deal between the US and Iran. President Trump said negotiations with Iran are continuing "at a...
Cineberg/iStock Editorial via Getty Images UniCredit's ( UNCFF ) ( UNCRY ) direct stake in the German lender Commerzbank ( CRZBF ) ( CRZBY ) has increased to 34.4%, Reuters reported , citing data the Italian bank publishes weekly under German takeover rules. In March, UniCredit disclosed a €35B offer to increase its stake in Commerzbank to over 30%. Commerzbank had formally rejected the approach i...
Cineberg/iStock Editorial via Getty Images UniCredit's ( UNCFF ) ( UNCRY ) direct stake in the German lender Commerzbank ( CRZBF ) ( CRZBY ) has increased to 34.4%, Reuters reported , citing data the Italian bank publishes weekly under German takeover rules. In March, UniCredit disclosed a €35B offer to increase its stake in Commerzbank to over 30%. Commerzbank had formally rejected the approach in April. The Italian bank is said to have launched a takeover bid on May 5. Investors have tendered shares representing 7.6% of the Frankfurt-based bank's capital as of today, the data reportedly showed. The bid expires on June 16, and it is currently at a discount to market prices. UniCredit was offering 0.458 new shares for each Commerzbank share tendered, the June 2 report by the newswire noted. UniCredit, which also holds derivatives on 16.4% of the German lender's share capital, has met its objective of exceeding a 30% stake in Commerzbank, the Italian lender reportedly said. More on UniCredit S.p.A., Commerzbank AG Commerzbank AG (CRZBY) Q1 2026 Earnings Call Transcript In The UniCredit-Commerzbank Clash, There Is One Winner To Buy UniCredit S.p.A. 2026 Q1 - Results - Earnings Call Presentation Commerzbank sees AI adding €500M of annual value in 2030 Commerzbank announces 3,000 job cuts driven by AI transformation
Mina the Hollower , the highest-rated video game of 2026 so far, sold 300,000 copies in its first three days on the market, according to developer Yacht Club Games. Sean Velasco, studio co-founder and director, told Bloomberg on Tuesday that he’s thrilled with the critical reception for the new title, which came out on May 29. He said the strong sales mean that Yacht Club can keep operating withou...
Mina the Hollower , the highest-rated video game of 2026 so far, sold 300,000 copies in its first three days on the market, according to developer Yacht Club Games. Sean Velasco, studio co-founder and director, told Bloomberg on Tuesday that he’s thrilled with the critical reception for the new title, which came out on May 29. He said the strong sales mean that Yacht Club can keep operating without making cuts or taking outside investment, at least for now. Last year, Yacht Club executives told Bloomberg Businessweek that Mina the Hollower was a “make or break” moment for their studio . The game took more than six years to develop, forcing the studio to pause a planned second project and burn through much of its cash reserves. Yacht Club, which is owned by its co-founders and has around 15 employees, is relying on revenue from Mina the Hollower to keep operating. While the initial sales results for the throwback action-platformer game are impressive, Velasco said he was hoping the figure would be even higher. “I wonder how come the best-reviewed game of 2026 is not the fastest-selling game, so I feel a big fire lit to close that gap,” he wrote via text message. Many video-game makers have found it increasingly difficult to navigate a crowded, volatile market where they must compete not just against newly released games but also against so-called games as a service, which players stick with indefinitely.
Rather than a continuation of the company’s recent issues, isn’t this an example of the board doing what it is supposed to do? An easy narrative about the great BP boardroom drama runs like this: the plodding non-executive directors couldn’t handle the blunt ways of the hard-charging chair they had hired precisely to give the place a kick. Therefore the defenestration of Albert Manifold after only...
Rather than a continuation of the company’s recent issues, isn’t this an example of the board doing what it is supposed to do? An easy narrative about the great BP boardroom drama runs like this: the plodding non-executive directors couldn’t handle the blunt ways of the hard-charging chair they had hired precisely to give the place a kick. Therefore the defenestration of Albert Manifold after only eight months in post shows BP is even more dysfunctional than thought. The best outcome for shareholders, on this reading, would be a takeover bid from Shell to put everybody out of their misery. In the meantime, continues this interpretation, Amanda Blanc, the Aviva boss who is the senior independent director, should let somebody else lead the search for the next chair , given how her last production turned out. Continue reading...
AppLovin (NASDAQ: APP) has shifted from a gaming-linked ad company into a high-margin AI software platform. Axon 2, the sale of its gaming business, and the push into e-commerce could create a powerful next chapter, but the stock's huge run and debt load make this a story investo
AppLovin (NASDAQ: APP) has shifted from a gaming-linked ad company into a high-margin AI software platform. Axon 2, the sale of its gaming business, and the push into e-commerce could create a powerful next chapter, but the stock's huge run and debt load make this a story investo