SpaceX’s AI splurge puts a damper on debut earnings after IPO
Shares of Elon Musk’s rocket, satellite and AI conglomerate tumbled roughly 7% in US postmarket trading after it said capital spending jumped to about $18.4bn in the second quarter.
AI boom is ‘trickling down’ to old-line stocks, Wells Fargo says
Says that’s poised to push up industrial stocks.
Oil drops for third day on signs of progress toward Hormuz deal
Brent for October settlement dropped 0.8% to $78.72 a barrel at 12:28 p.m. in Singapore.
Kganyago urges South Africa to gamble on economic growth
And achieve fiscal sustainability, central bank Governor Lesetja Kganyago said.
Exclude Ecobank and Nedbank’s underlying business looks strong
Analysis of Nedbank’s latest results and what they reveal about the bank’s underlying performance, plus a look at South Africa’s AI crossroads as the country weighs US versus Chinese technology.
Warsh, war and AI wariness
Just as people have always struggled to predict the future, modern investors cannot accurately forecast market cycles.
New cross-border crypto rules could drive business, jobs offshore
They could also lock companies out of the booming cross-border stablecoin market.
SA seeks advisors for creditor talks on Eskom spin-off
Eskom itself says the process will have to be managed carefully as this significant development will fundamentally alter the risk profile of its credit.
Outa withdraws urgent application to suspend Aarto rollout
Learns that Aarto Appeal Tribunal does in fact exist, with members appointed last September …
‘You need a strong stomach for deep value investing’
Malungelo Zilimbola, founder and chief executive of Mazi Asset Management, warns young investors against chasing stock tips and quick profits, arguing that today's culture of speculation is blurring the line between investing and gambling.