3h ago
Anthropic selects Nasdaq for potential IPO, targets October listing
Anthropic has chosen Nasdaq as the venue for a potential IPO and is aiming for an October listing. Founded by former OpenAI executives, the company’s valuation has not been finalised after a previous funding round that valued it just under $1 trillion. Its developer tool Claude Code has helped lift projected annual revenue to $65 billion, even as the company lost almost $42 billion in 2025 and is expected to keep burning cash for years, according to US media reports.
3h ago
7h ago
Santander to pay customers £829 on average under FCA motor finance redress scheme
Santander will join the UK Financial Conduct Authority’s redress scheme and pay compensation to customers affected by missold motor finance agreements. The programme covers about 12.1 million deals made between 2007 and 2024, with total payouts expected to reach £7.5 billion. The average compensation is estimated at £829 per eligible agreement, with many cases linked to now-banned Discretionary Commission Arrangements.
7h ago
7h ago
Tokenized $GRND tops prior-day U.S. stock volume as Solana sees 63% of equity trading after hours and holder addresses pass 727K
Solana’s on-chain market for tokenized equities posted a milestone as more than 20 stocks—including NKE, GRND, HTZ and DKNG—went live on the network via Sunrise and were issued by Backpack Securities. Tokenized $GRND recorded more than $31M in trading in its first 24 hours, exceeding its previous day’s U.S. market volume. The update also said 63% of tokenized equity trading took place after the U.S. closing bell and holder addresses surpassed 727K. Solana also announced a $100K-prize tokenized equities hackathon, Stocklana, and a Washington x Wall Street Summit scheduled for Sept. 14 featuring SEC Chair Paul Atkins and Commissioner Hester Peirce.
SOL
SOL-0.16%
7h ago
7h ago
Bitcoin falls below $77,000 as spot ETF outflows reach $462 million
Bitcoin slipped below the $77,000 level. Over the same period, spot bitcoin ETFs recorded net outflows of $462 million, suggesting institutional sentiment has turned more cautious. The simultaneous price decline and fund withdrawals have raised questions about whether the recent upswing can be sustained. Together, the drop and ETF outflows point to strong short-term selling pressure and fading rebound momentum.
BTC
BTC+0.18%
7h ago
8h ago
Willis Towers Watson sues after 18 employees quit in 44 minutes and join Lockton
Willis Towers Watson filed a lawsuit in Boston after 18 employees resigned within 44 minutes and joined rival Lockton. The team focused on insurance and risk management for the construction industry and generated more than $5 million in annual revenue. Willis Towers Watson generates roughly $10 billion in annual revenue, while Lockton is the largest privately held independent insurance broker in the U.S. with global revenue of approximately $4.5 billion.
8h ago
10h ago
Dell posts record $47.0 billion fiscal Q2 2027 revenue as AI server demand drives ISG growth
Dell Technologies reported fiscal Q2 2027 revenue of $47.0 billion and adjusted EPS of $7.04, both record highs. Infrastructure Solutions Group revenue surged 89% year over year to $31.8 billion, fueled by strong AI server demand, while Client Solutions Group delivered its strongest commercial growth in more than four years. Management raised its full-year revenue outlook to $192 billion and lifted its EPS guidance to $25.50.
10h ago
12h ago
Altman says OpenAI is unlikely to IPO in 2025 as the company prioritizes AI safety
OpenAI is unlikely to go public in 2025 as it focuses on addressing safety concerns around artificial intelligence, CEO Sam Altman said. He called 2025 an “ill-advised moment” for an IPO and suggested a listing is more likely in 2026, according to Fortune. Separately, OpenAI and rival Anthropic have been preparing for potential stock market debuts, though neither has listed shares yet. Anthropic is aiming for a valuation of as much as $1 trillion in an IPO, Reuters reported.
12h ago
14h ago
Heating oil costs climb toward £1 a litre as Iran conflict pushes up fuel prices
International oil prices are rising amid the conflict in Iran, adding pressure to households that rely on heating oil. In the UK, heating oil has climbed from about 60p a litre before the conflict to about 97p a litre, according to price comparison website Boiler Juice. The UK government said it is providing £53m to support heating oil users and allocating £1bn to local authorities through the Crisis and Resilience Fund. It also said it has cut duty on red diesel used by agriculture and fishing to its lowest rate in more than 20 years.
14h ago