S&P Downgrades Oracle to BBB-
S&P Global downgraded Oracle's long-term credit rating from BBB (Negative) to BBB- (Stable), citing elevated business risk and weaker near-term cash flows.
Meta to Build First Data Center in Canada, Expanding Global Fleet
Meta Platforms Inc. will invest around $10 billion to build its first data center in Canada as the company expands its infrastructure to support its artificial intelligence ambitions.
Apple Expands Broadcom Partnership with $30 Billion U.S. Supply Chain Commitment
Apple announced it will expand its partnership with Broadcom through a more than US$30 billion commitment focused on strengthening its U.S. supply chain. As part of the initiative, Apple will also invest US$1.5 billion in Broadcom's manufacturing facility in Fort Collins, Colorado.
South Korean Drama "Agent Kim Reactivated" Debuts Industry's First All-AI Sequence
SBS's Friday-Saturday drama "Agent Kim Reactivated" is on an unstoppable ratings tear. After just four episodes, its nationwide rating has already topped 21.6%, and it has climbed to No. 1 on Netflix's global non-English TV chart. Lead actor So Ji-sub&
LEGO's F1 Takeover: How a Toy Company Became the Coolest Brand in Motorsport
Two hours before the British Grand Prix got underway at Silverstone on July 5, twenty-two of the world's highest-paid professional racing drivers took to the track in miniature go-karts built entirely from LEGO bricks -- How LEGO Got Into F1, and Why.
Defense Backlog Growth Looks Bullish. Manufacturing Capacity Says Otherwise
Defense contractors keep winning, but the industrial base keeps losing time. A look at the budget data and what the market isn't pricing in on defense.
Jon Erwin Isn’t Hiding from AI: The‘Young Washington’Director on How AI Can Save Jobs and Bolster Collaboration
A controversy was brewing around“Young Washington.”Twitter users were sharing screenshots of the credits, which confirmed that the Jon Erwin-directed film included visual effects that utilized artificial intelligence. Others offered up freeze frames of shots they suspected were artificially generated. Then came the exclusive report in Variety:“Young
Sold Out, Soon Illegal: Inside China's AC Export Boom
Chinese air conditioners keep flying off European shelves, but the product driving this year's boom won't legally exist in Europe by 2029. Here’s what the market isn't pricing in on the China AC trade.
Homer Goes Blockbuster: What Nolan's Odyssey Means for the Classics
When UC Berkeley launched a seven-session online book club around Homer's Odyssey ahead of Christopher Nolan's film adaptation, organizers expected a modest turnout. Instead, more than 1,300 people from around the world signed up — most of them with no background in classical studies. In
Arbitrage Traders Face Tougher Challenge With SK Hynix Than TSMC
Arbitrage desks looking to trade SK Hynix Inc.’s new American depository receipts are dusting off playbooks from Taiwan Semiconductor Manufacturing Co. But many say the comparison only goes so far.
Japan’s borrowing costs soar to 30-year high on debt fears
Japan’s borrowing costs have climbed to their highest in 30 years as investors grow increasingly concerned about the country’s heavy debt burden, weakening yen and a $2.3 trillion long-term spending plan proposed by Prime Minister Sanae Takaichi.
Polymarket Is Back in the U.S. But the Bigger Story Is What Comes Next
For more than three years, Polymarket operated outside the U.S. after settling charges with the U.S. Commodity Futures Trading Commission (CFTC) in early 2022. It changed when Polymarket acquired CFTC-regulated exchange and clearinghouse QCX, giving it a legal pathway back into the American market. Since then, Polymarket
