New Zealand's government on Tuesday forecast a smaller budget deficit and a lower debt than projected in its May Budget, while striking an upbeat tone on economic growth ahead of a general election in... -September 28, 2026 at 08:46 pm EDT - MarketScreener

Anthropic’s IPO prospectus reviewed by Reuters lays out a vision in which AI reshapes the global economy more profoundly than industrialization, electricity and the internet. Founded in 2021, the Claude maker has raised multiple funding rounds. Its latest round valued the company at $183 billion post-money, positioning it to become the first frontier AI lab to list publicly.

Anthropic’s IPO prospectus, disclosed for the first time, shows the company reported a $42 billion net loss in 2025 and an operating loss of more than $8 billion. It also plans $518 billion in cloud, computing and infrastructure obligations in the coming year. Revenue rose 12-fold in 2025 to nearly $4.6 billion, but the scale of spending and losses is drawing investor attention. The public sale could value Anthropic at more than $2 trillion and set a key benchmark for how Wall Street prices leading AI companies.

Australian plasma products maker CSL issued FY2027 guidance, forecasting underlying profit growth of about 5% and topping market expectations. The company also announced a further $1.1 billion share buyback. CSL said immunoglobulin sales improved in the second half of FY2026. The stock has nearly doubled since early June, with investors watching whether it can move back above A$300.

Meta Platforms said it has created a new business unit focused on selling artificial-intelligence tools to enterprise customers, aiming to turn its AI investment into revenue. The company said the unit will consolidate sales of several existing AI offerings, including the Muse personal assistant and a coding tool. Meta hired former MongoDB chief executive Chirantan Desai to run the business line and report directly to CEO Mark Zuckerberg.

Materials stocks fell as gold prices retreated under pressure from a stronger U.S. dollar. Gold futures slid $150.80, or 3.5%, to $4135.40 a troy ounce, marking the largest single-day decline since June. The metal has declined in five of the past six sessions. Separately, Northern Star Resources rejected Gold Fields’ US$27.2 billion takeover proposal, while Gold Fields said it will keep seeking talks as activist investor Elliott Investment Management presses Northern Star for sweeping changes.

IDT Corp. reported fiscal fourth-quarter net income of $21.7 million, or 87 cents per share. Adjusted earnings were 94 cents per share. Revenue for the quarter was $339 million. For the full year, the company posted net income of $86.6 million on revenue of $1.3 billion.

Vail Resorts reported a net loss of $190.2 million for fiscal Q4 2024, or a loss of $5.34 per share, beating analysts’ estimate of a $5.40 per-share loss. Revenue was $278.1 million, also above the $270.1 million forecast. The company remained unprofitable for the quarter, but key figures came in ahead of Wall Street expectations.