2h ago
Amazon explores sale of about $8 billion in Nvidia chips via spin-off structure
On October 2, 2026, Amazon is seeking to sell about $8 billion of Nvidia chip assets to outside investors to strengthen its balance sheet, according to Catenaa. The structure would see Amazon offer up to a 10% equity stake and ultimately hold no ownership in the entity. Amazon has committed to invest about $83 billion in OpenAI and Anthropic, which use Nvidia Grace Blackwell chips to train models. Amazon expects capital expenditure of $220 billion this year, largely for AWS to buy advanced chips and expand AI data centers, and shares of Amazon and Nvidia rose 2% at Friday’s open.
2h ago
3h ago
Bitwise lists US spot NEAR ETF NRR on NYSE Arca from Sept. 29, 2026 with planned staking rewards
Bitwise launched the first US spot NEAR ETF on NYSE Arca on Sept. 29, 2026, with shares trading under the ticker NRR. The fund directly holds NEAR tokens and is designed to incorporate staking rewards into its net asset value rather than paying them out to shareholders. Bitwise disclosed an annualized staking reward rate of about 5% as of Sept. 25, 2026, though it said the rate is not fixed. NRR charges a 0.75% management fee.
NEAR
NEAR-5.31%
3h ago
3h ago
Nike turnaround depends on stabilizing sportswear and reviving the Jordan brand
Nike reported first-quarter revenue of 112.1亿美元, down 4.3% year over year, missing analysts’ expectations. The company’s full-year revenue guidance also fell short of what the market had anticipated, sending the stock down as much as 9% in premarket trading. Nike has set a 25亿美元 cost-savings goal under its restructuring plan, but some market views suggest the target could be higher even as key categories perform strongly.
3h ago
3h ago
Middle East oil exports rebound to 92% of prewar baseline despite Hormuz constraints
Seven months after the US-Israel war with Iran effectively shut the Strait of Hormuz, Middle East oil exports have climbed back to more than 90% of prewar levels. In the final week of September, average daily flows reached 92% of the prewar baseline, according to maritime intelligence firm Kpler. Roughly 40% of September exports bypassed the strait via overland pipelines, while ship-to-ship “shuttle” transfers helped maintain throughput.
3h ago