Business news
- Anthropic reportedly preparing for one of the largest IPOs ever in race with OpenAI: FT - Anthropic, the AI startup behind the popular Claude chatbot, is reportedly in talks to launch one of the largest initial public offerings ever as 2025.
- Australia's economic growth misses estimates, rising 2.1% in the third quarter - Australia's economic grew less than expected in the third quarter, still accelerating at the fastest pace in about two years, driven by investment and consumer demand.
- Asia-Pacific markets rise after Wall Street's tech-fueled recovery - Bitcoin climbed over 7% to cross the $90,000 mark after a sharp sell-off a day earlier.
- Trump Media settles legal dispute with firm's co-founders - PoliticsTrump Media settles legal dispute with firm's co-foundersPublished Tue, Dec 2 20255:10 PM ESTUpdated 2 Min AgoDan Mangan@_DanManganWATCH LIVECheng Xin |
- Marvell to acquire Celestial AI for as much as $5.5 billion - The deal is an aggressive move for Marvell to acquire complimentary technology to its semiconductor networking business.
- Okta beats third-quarter earnings expectations - Okta said its benefitting from artificial intelligence widespread product adoption
- USDA secretary threatens to cut funding to blue states over alleged SNAP data noncompliance - The Trump administration threatened to cut off federal funding to blue states over their alleged refusal to share SNAP program data.
- Delayed tariff impact starting to hit, could cause companies to reduce head count in 2026 - President Trump's tariffs, aimed at reshoring American jobs lost to overseas manufacturing, could end up lowering head count instead
- Holiday shopping turnout jumps to 202.9 million people during Thanksgiving weekend, NRF says - Shoppers said they were motivated by sales and promotions, such as limited-time offers, according to the trade group's annual survey.
- OpenAI is under pressure as Google, Anthropic gain ground - Sam Altman reportedly sent a memo to his staffers outlining a "code red" effort to improve ChatGPT.