Nscale, backed by Nvidia, valued at $14.6 Billion in a new funding round
The 'artificial intelligence' group Nscale, which is backed by Nvidia and has raised $2 billion through its latest funding round, was valued at $14.6 billion on Monday. The Series C round of funding was led by Norway’s Aker and 8090 Industries and included Nvidia Citadel Dell Jane?Street among others.
Iran War threatens to hit global energy markets for a long time
Even if the U.S. and Israel's war against Iran ends soon, consumers and businesses around the world could face weeks or even months of higher fuel costs as suppliers deal with damaged facilities and logistics and increased shipping risks. This outlook is a threat to the global economy and to President Donald Trump's political position as he heads into midterm elections.
The Iran War threatens to have a long-lasting impact on global energy markets
Even if the conflict with Iran ends soon, consumers and businesses could face weeks or even months of higher fuel prices. This is because suppliers are dealing with damaged facilities, disrupted logistic, and increased risks in shipping. This outlook is a greater threat to global economic stability and a political vulnerability to U.S.
Watch these stocks as Trump's tariffs create more uncertainty
After a Supreme Court decision last week that ruled against his larger levies, tariff uncertainty has returned. Wall Street analysts expect emerging market exchange-traded fund and retailers to benefit in the end. Here are some stocks, ETFs, and sectors that could be affected by the latest twists in the?U.S.
Enel to invest $63 billion by 2028, with a focus on Europe and the US
Enel, the Italian energy?utility, plans to increase its capital expenditures over the next three years. It will also shift its focus towards renewables in Europe and America. In a press release, the state-controlled 'group' said it would invest about 63?billion dollars (53?billion euro) between 2026-2028, with half going to grids and 38% to renewables.
SOLV Energy's Nasdaq debut earns it a valuation of $6 billion
SOLV Energy shares grew 20% on 'Wednesday in New York, valuing the firm at $5.98 billion. This highlights a'strong rebound in IPO activity in - 2026. The shares opened at $30, which is above the $25 price at which they sold 20.05 million shares to raise $512.5 millions on Tuesday. The U.S. Federal Reserve has cut interest rates to the end of the year 2025.
SOLV Energy raises $512.5 Million in US IPO
The U.S. IPO of SOLV Energy, a solar and battery storage company, was priced at $25 per share - within the range indicated. San Diego-based company, SOLV, sold 20.5 millions shares at $25 each, as opposed to its advertised range of $22 - $25 per share. SOLV was valued at $5 billion in the IPO. Twelve companies have raised $5 billion through IPOs in 2026.
Sources say that Nscale, a UK AI company backed by Nvidia, has hired banks to prepare for its IPO.
People familiar with the situation said that Nscale Global Holdings, a British artificial intelligence company backed by Nvidia, has hired Goldman Sachs and JPMorgan in order to prepare for a public offering. Sources who asked not to be named because the discussions were private said that the timeline for a potential listing had not been determined.
Sources say Glencore is close to appointing Citi for merger talks with Rio Tinto as a consultant.
Two people familiar with the matter said that the Swiss miner Glencore was close to appointing Citi as its "lead investment banking firm" for its potential acquisition of Rio Tinto, which could result in the creation of the world's biggest miner worth over $200 billion. Citigroup Global Markets Inc.
SOLV Energy aims for $5 billion valuation at US IPO
SOLV Energy, a solar and battery storage company, said Friday that it aims to achieve a valuation up to $4.99 Billion in its initial public offering in the United States. The San Diego-based company plans to raise up to $512.5 millions by selling 20.5 million shares at a price between $22 and 25 cents each.
US crude production still down by 500,000 barrels per day (bpd) from winter storm, according to consultancy estimates
According to Energy Aspects consultancy, around half a million barrels of crude oil per day or 0.5% of the global supply was offline in the United States on Thursday as an Arctic blast gripped large areas of the country in the aftermath of a weekend winter storm. This week, production outages in the U.S. as well as in Kazakhstan have led to an increase in U.S.
US crude production returns to normal after winter storm's massive impact
U.S. crude oil production recovered on Thursday, after a winter storm ravaged the production. Losses peaked over the weekend at 2'million barrels of crude oil per day. Analysts revised their output forecasts for the month of January as a result. Justin Kringstad of the North Dakota Pipeline Authority…
Kuwait Readies $7b Pipeline Deal as Gulf Turns to Foreign Investors
Gulf governments are stepping up infrastructure deals with foreign investors, with Kuwait set to launch an oil pipeline network stake sale as soon as February in a deal that could raise up to $7 billion, three sources with knowledge of the matter said.The shift comes as oil prices, down more than 25% in two years…
Sources say that OPEC+ is likely to continue its oil production pause in March, despite the rising prices.
Three OPEC+ delegates said that OPEC+ was expected to maintain its pause in oil production?increases during a Sunday meeting. Prices are rising because of a 'drop in Kazakhstan oil production. Eight members of OPEC+ met to discuss the price of oil. Prices have risen by 8% this month, and now exceed $66 a barrel.
Source: Rio Tinto consults with three banks on possible Glencore acquisition.
Rio Tinto has hired JPMorgan, along with two other advisers, to help it evaluate its potential acquisition of Glencore. This deal could create the largest miner in the world, worth over $200 billion, according to a source familiar with the situation. Rio Tinto also has Macquarie and Evercore, according to the source.
Wall Street clamors to offer advice on Rio-Glencore and the $100 million prize
Wall Street advisors could earn more than $100,000,000 in fees if Rio Tinto acquires Glencore and creates the world's biggest mining company, worth more than 200 billion dollars. Three people familiar with the matter said that after Rio and Glencore announced on Thursday their intention to merge, they were now racing for a piece of the pie.
ROI-Trump's Venezuela oil grab revives 'petrodollar' debate: McGeever
The arrest and capture of Venezuelan president Nicolas Maduro by the United States on Saturday was likely motivated by many factors, but one that has been little discussed is the White House's concern about the declining global prominence of "petrodollar". Venezuela's oil production is modest, at just 1 million barrels a day.
US oil companies benefit after Trump signals access Venezuelan reserves
U.S. Oil Companies' Shares jumped Monday fueled by the prospect that the U.S. could gain access to Venezuela's vast reserves of oil after President Donald Trump announced that the U.S. was taking control of Venezuela following the arrest of their president. Venezuela has the largest oil reserves in the world…
Sonnedix secures contracts in Italy for 805 MW solar power
Sonnedix, a renewable energy company backed by JP Morgan and sponsored by three Italian government schemes, has been awarded contracts to install 805 megawatts in solar capacity under three different government schemes. Solar power, considered easier to develop than wind projects because of Italy's geographic characteristics…
Wall St futures rise as investors look at more data and geopolitics
U.S. Stock Index Futures climbed a little higher on Wednesday, as investors waited for more economic data in order to determine the direction of monetary policy. They also monitored geopolitical tensions that were escalating in Venezuela. This pushed oil prices up. Later in the day, a number of "influential"…