Norway’s parliament has temporarily suspended ethical divestment rules for its massive sovereign wealth fund. The move allows continued investment in tech giants like Microsoft and Amazon despite potential ethical concerns. This marks a significant shift for the world’s largest investor.
Epic Games and Google have reached a comprehensive settlement that dramatically reshapes Android’s app ecosystem. The deal cuts Google Play fees and enables direct app store installations globally until 2032.
Businesses are rapidly moving to keep payments within their own ecosystems rather than sending money to external bank accounts. This shift represents a fundamental change in how companies think about customer relationships and data control.
Michael Burry’s Scion Asset Management purchased bearish put options on 1 million Nvidia shares and 5 million Palantir shares. The positions have notional values of $187 million and $912 million respectively, dominating his firm’s portfolio.
Google and Epic Games have reached a surprise settlement that could reshape Android globally. The deal slashes Play Store fees and forces Google to open its platform to competing app stores through June 2032. Both companies are calling it a comprehensive solution that resolves their long-running leg
Deutsche Bank is exploring ways to hedge its massive exposure to data centers after lending billions to the AI infrastructure sector. The bank is considering shorting AI stocks and buying default protection as concerns grow about a potential bubble.
Nscale won £500 million from Nvidia and was tasked with building the UK’s biggest supercomputer. But court documents reveal a company plagued by internal conflicts and questionable claims. Their “acquisition” of Kontena never actually happened either.
Palantir just reported a $1.18 billion Q3 earnings beat while its CEO declared the company “completely anti-woke.” But shares still fell nearly 8% as analysts question whether the performance justifies the valuation.
Walmart de México is integrating Aplazo’s buy now, pay later service directly into its digital payments app. The partnership includes 1.5 million preapproved credit lines and promises approval in under five minutes. This addresses payment friction affecting 29% of Mexican online shoppers.
Thomson Reuters reported its legal unit grew organic revenue 9% to $700 million last quarter, with AI features driving double-digit growth. But shares still fell more than 6%, continuing a 30% decline since mid-July as investors worry about competition from ChatGPT and new legal AI startups.
