Business
Latest business coverage from TodayHub.
Amazon Plans More Than $18 Billion Investment in Germany for 2027
Amazon announced on October 20 that it will invest over 16 billion euros in Germany next year, spanning data centers, AI infrastructure, logistics, satellite internet and Prime Video.
Fed Faces an October Skip as September Inflation Hits 3.7% and the Shutdown Wipes Out Data
With the October 27-29 meeting days away, economists polled by Reuters expect the Fed to hold, but a December hike is still the consensus call.
Anthropic Puts 5% of Stock in Public Benefit Fund as IPO Buzz Builds
Anthropic committed 5% of its equity to a public benefit fund on October 18, a move that lands as CNBC reports the Claude maker is the IPO Wall Street is waiting for.
Federal Reserve Delivers First Rate Hike Since 2023 as Inflation Climbs Past 3%
Chair Kevin Warsh steered the Fed to a 3.75-4.00% target range on September 16. August CPI came in at 3.4%, and the 10-year yield is running above 5%.
Databricks Lands $5 Billion Strategic Round at $190 Billion Valuation
Coatue Management led the August 13 financing for the data and AI platform, one of the largest strategic rounds of a record venture year.
Anthropic Raises $65 Billion Series H, Valuing the Claude Maker at $965 Billion
Altimeter, Dragoneer, Greenoaks, Sequoia and others led the May 28 round, second only to OpenAI's March raise among 2026's biggest.
Powell's Fed Tenure Ends; Kevin Warsh Takes the Helm May 15
Jerome Powell's term as Federal Reserve chair expired May 15, handing the central bank to a critic of the easy-money era as inflation trends upward.
War Closes the Strait of Hormuz, Rerouting Oil Tankers and Spiking Energy Prices
With the Strait effectively shut after the February 28 strikes, insurers have pulled cover and tankers are taking longer routes that add weeks to voyages.
Waymo Raises $16 Billion in Landmark Round Valuing the Robotaxi Unit at $126 Billion
The February 2 financing, led by Dragoneer, DST Global and Sequoia Capital, is among the largest ever for a self-driving company.
Trump Taps Kevin Warsh to Be Federal Reserve Chair, Replacing Jerome Powell
The president selected former Fed governor Kevin Warsh on January 30 to lead the central bank when Powell's term ends May 15.