Latest Corporate News News
Amazon Acquires Globalstar for $11.6 Billion to Boost Satellite Internet
Amazon is acquiring satellite operator Globalstar for a reported $11.6 billion to supercharge its Leo satellite internet efforts, directly competing with Elon Musk's Starlink. The deal also provides valuable spectrum and supports emergency satellite services for Apple devices.
It comes ahead of a potential SpaceX IPO.
AI Hyperscalers Face Massive Losses from Rapid GPU Obsolescence
AI companies are spending lavishly on GPUs for data centers that become obsolete and unprofitable in as little as three years, with AI capex surging to $650 billion this year. This equals 2% of GDP, highlighting unsustainable hardware investments amid aggressive expansion.
Fortune reports exclusive details on the financial pitfalls of this strategy.
Terra Innovatum Global N.V. Hosts Business Update Call Today
Terra Innovatum Global N.V. (NASDAQ: NKLR), developer of the SOLO™ Micro-Modular Reactor, is holding a business update call on April 16, 2026, at 9:00 a.m. ET to discuss manufacturing progress. The company is finalizing its Form 10-K for fiscal year 2025 and addressing Nasdaq reporting requirements.
Investors can access via phone or webcast with provided details.
Iran War Closure of Strait of Hormuz Drives Oil to $95 per Barrel
Global oil prices dropped to $95 per barrel despite the Strait of Hormuz lockdown, as traders bet on a quick end to the war teased by Trump. This ignores weeks-away systemic shortages, with S&P 500 futures flat after recent gains.
Asian markets like KOSPI rose 2.07% amid the volatility.
US Companies Delay Investments and Hiring Due to Iran War
The Fed's Beige Book reports US businesses in wait-and-see mode, postponing investment and hiring amid the Iran war. Inflation pressures persist from higher fuel and input costs, though wage growth remains muted.
Companies cite geopolitical uncertainty as a key factor.
S&P 500 Nears All-Time High Despite Gulf Region Tensions
The S&P 500 closed up 1.18% yesterday and is near its record high, with futures flat today amid Hormuz closure bets on war's end. European and UK stocks are flat in early trading, pausing the rally.
The year's progress shows a volatile rollercoaster for US equities.
Asian Markets Rally: KOSPI Up 2.07%, Nifty 50 Rises 1.69%
South Korea’s KOSPI surged 2.07%, India’s Nifty 50 rose 1.69%, and Japan’s Nikkei 225 gained 0.44%. These gains follow US market strength despite oil shortage risks from the Gulf.
Investors appear optimistic on regional de-escalation.
Terra Innovatum Advances to Manufacturing Phase for SOLO Reactor
Terra Innovatum is entering the manufacturing execution phase for its commercially viable SOLO™ Micro-Modular Reactor, expected globally within three years. The update call emphasizes strong foundations for future growth.
This follows progress across key business areas.
Trump Teases End to Iran War Amid Impending Oil Shortages
President Trump teases an end to the Iran war as global oil supplies near systemic shortages from Hormuz closure. Traders' bets on resolution pushed oil down despite risks.
Markets remain cautiously optimistic.
AI Hardware Surge Equals 2% of GDP in Annual Capex
AI hyperscalers' capex on GPUs is projected at $650 billion this year, matching 2% of GDP. Rapid obsolescence threatens profitability of these investments.
Exclusive reporting highlights the financial strain on tech giants.
Terra Innovatum Addresses Nasdaq Form 10-K Filing Delay
Terra expects a standard Nasdaq notification for its delayed Form 10-K filing for FY 2025 ending December 31, 2025, and plans compliance. The business update maintains investor communication during this period.
The call uses prior conference details.