Category: Business & Markets
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Anthropic plans to spend up to $567 billion on compute and set up its own data centers, S-1 reveals
Anthropic’s 318-page IPO prospectus, which the company made public today, makes one thing clear: Compute is existential to Anthropic’s business, and not securing enough of it is a significant risk factor. “Our ability to develop, train,…
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‘You need only watch episodes of Judge Judy’: I’m in my 70s. Why do people keep making the same avoidable financial mistakes?
“Consider some familiar examples of poor decisions: accumulating credit-card debt or failing to plan for retirement.”
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Over 100 mills commence sugar production
As many as 107 sugar mills have commenced sugarcane crushing for the marketing season that started on October 1, 2026, according to the Indian Sugar & Bio-Energy Manufacturers Association.Sugar mills in Maharashtra, Tamil Nadu, Gujarat, and Uttar…
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Historic Los Angeles diner to reopen with new mission to help homeless after 100 years in business
Billy Rose, co-founder and vice chairman of The Agency, explains how rising prices have reshaped the definition of luxury in major housing markets. A historic Los Angeles diner that served customers for more than a century is preparing to…
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Paytm Q2 Results: Profit rockets 976% YoY to Rs 226 crore, revenue jumps 28%
Fintech major Paytm on Monday reported 976% year-on-year (YoY) growth in its consolidated net profit at Rs 226 crore for the second quarter of FY27. The same stood at Rs 21 crore in the year-ago quarter. Revenue from operations in the reporting…
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Visa and Mastercard threatened with potential £5bn UK lawsuit over fees
Visa and Mastercard are being threatened with a potential £5bn lawsuit for allegedly stifling competition and charging UK businesses excessive fees.The law firms Harcus Parker and Hausfeld have lodged an application at the Competition Appeal…
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What Smart People Are Saying About Anthropic’s IPO Paperwork
Anthropic is ready to IPO. Analysts and onlookers are weighing in.On Monday, the AI lab filed its hotly anticipated S-1 paperwork. The prospectus offered an inside look at Anthropic’s financials: a net…
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JetBlue creditors reportedly hire advisors as airline faces mounting debt pressure
Hennion & Walsh Asset Management president and CIO Kevin Mahn analyzes the current bull market run and shares his top defense stock picks on ‘The Claman Countdown.’ A group of senior creditors to JetBlue Airways has reportedly hired…
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Anthropic IPO live updates: AI lab’s S-1 filing
Anthropic co-founder Daniela Amodei’s husband, Holden Karnofsky, works at the AI labDaniela Amodei, president and co-founder of Anthropic, during the Bloomberg Tech conference in San Francisco, California, US, on Thursday, June 4, 2026. David…
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Anthropic’s 7 co-founders are each worth $14 billion already—and that could double in IPO
Seven people quit OpenAI to co-found Anthropic in January 2021. Five-and-a-half years later, each of them owns almost exactly the same slice of the AI company that just officially released its paperwork for an initial public offering. Each…