Constellation’s stock soared on AI hopes. Now the energy company is using those gains to buy Calpine in $16 billion deal.
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Constellation Energy to Buy Power Producer Calpine
Constellation Energy’s deal to buy Calpine is being driven by fast-rising demand for electricity by the technology industry.The New York Times - 4h -
Shutterstock and Getty Merge to Meet AI Challenge in $3.7 Billion Deal
The two big players in the licensed visual content will pair up to counter threats from artificial intelligence tools like Midjourney.Inc. - 1d -
Ozempic maker Novo Nordisk, after trial disappointment, expands AI deal in potential $4.6 billion pact
At least four analysts weighed in on the prospects for Europe’s second-largest company, Novo Nordisk, after the Danish drugmaker reported disappointing results for its next-generation weight-loss ...MarketWatch - 2d -
Donald Trump Jr. visits Greenland as father says deal for US to buy it 'must happen'
Donald Trump, Jr., son of President-elect Donald Trump, emphasized that his visit to Greenland on Tuesday was just a personal one.ABC News - 2d -
Getty’s stock soars 42% after image company agrees to merge with Shutterstock in $3.7 billion deal
The deal is expected to generate annual cost synergies of $150 million to $200 million by year three and to boost earnings and cash flow by year two.MarketWatch - 3d -
MicroStrategy’s latest capital-raise plans are for $2 billion of preferred stock to buy more bitcoin
The move is part of the company’s plan to issue $21 billion of equity and $21 billion in fixed-income instruments over the next three years.MarketWatch - 3d -
Nuclear-Energy Stocks Gain After Easing of Hydrogen Tax-Credit Rules
The final rule for clean-hydrogen production would allow some nuclear power plants that are at risk of retirement to produce the gas.The Wall Street Journal - Jan. 3 -
Constellation Inks $1 Billion Nuclear Power Deal
Under the contracts, Constellation will deliver electricity to more than 13 federal agencies.Inc. - Jan. 2
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Shares in TikTok’s rivals gain as Supreme Court weighs U.S. ban for social-media app
The shares of publicly traded companies that compete with TikTok were gaining Friday as the video-sharing platform’s attorney faced tough questions from Supreme Court justices during oral arguments ...MarketWatch - 32m -
Major corporations are rushing to issue bonds as Treasury yields spike
Higher bond yields are spooking stocks, but retirees are helping to drive demand for annuities and corporate debt.MarketWatch - 39m -
Nvidia’s stock is down 9% from its recent record. That shows the short term is winning out for now.
Nvidia’s stock is off 9% from an all-time high hit earlier this week, with investors focused more on the here and now than on new eye-popping projections of market opportunity.MarketWatch - 40m -
Bitcoin may fall 20% to $73,000 if it breaks below this key support level
Bitcoin may face a downside potential to $73,000 if it breaks below its support level at around $90,680, according to Kim Kramer Larsson, analyst at Saxo Bank.MarketWatch - 47m -
Surprising December jobs growth is denting chances of a first-half Fed rate cut
Friday’s unexpectedly big increase in December nonfarm payrolls was leading to a reduced market-based likelihood for any rate cut by the Federal Reserve until September, based on one method of ...MarketWatch - 51m
More in Business
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Trump's election market bump close to being wiped out
The S&P 500's gain since Election Day now sits at just around 0.5%.CNBC - 4m -
Greenland wants to be independent, not American or Danish, says premier
Múte Egede open to continuing co-operation with US, after turning down Donald Trump’s attempt to buy Arctic islandFinancial Times - 8m -
Disney, Fox and Warner Bros. Discovery call off plans to launch Venu sports streaming service
Venu was first announced in February and intended to combine the live sports assets of Fox, WBD and Disney-owned ESPN.CNBC - 8m -
Crude prices jump as U.S. imposes sweeping sanctions against Russia oil industry
The U.S. Treasury Department is targeting more than 180 Russian tankers.CNBC - 9m -
Venu, Sports Streaming Service From Disney, Fox and Warner Bros., Is Discontinued
Venu Sports, a joint venture between Disney, Fox and Warner Bros., was announced to great fanfare last year but was discontinued before it ever became available.The New York Times - 12m