The United States is planning to restart three closed nuclear plants to address rising energy needs. These plants were shut down due to high electricity costs but are now sought after for carbon-free energy. Large technology companies are contracting for power from these facilities, ensuring a stable revenue. Restarting these plants will be faster and cheaper than building new reactors.

Gold Prices May Cross Rs 2 Lakh per 10 Grams in India as Central Banks Increase Purchases, Global Demand Rises - The report stated that fund managers expect gold prices to rise as investors seek safe-haven assets amid concerns over economic instability and currency depreciation. Central banks' gold purchases have also emerged as a key factor influencing the precious metal's future price movement. Get Latest News on Business only on lokmattimes.com

Anthropic is offering Blackstone a yield above 10% for a $60 billion chip debt financing plan called Project North Star. The plan would fund the purchase of about 1.5 gigawatts of custom Google TPU chips. Blackstone is set to invest $9 billion to buy half of the subordinated loans in the deal. The transaction is seen as a key test of demand for AI-related debt, at a time when similarly rated corporate borrowers pay about 7% to raise funds in the public bond market.

Samsung is bringing USDC on Solana to 82 million US Galaxy devices. Solana Foundation Lu Yin says the GENIUS Act made now the moment.

MSCI plans to introduce new rules. Under them, Strategy, a Bitcoin buyer, could be classified as a non-operating company. That could lead to its removal from global equity indexes. Billions of dollars in passive holdings could face the risk of position adjustments.

On a preliminary unaudited basis, the company expects its revenue to be approximately $4.3 to $4.4 million for the three months ended September ...

CoreWeave (CRWV) stock fell another 12% on Oct. 16 as the trade in AI-linked shares unwound. For the week, CRWV is down 25%. The decline came after the yield on CoreWeave's bonds rose to 15%, sharpening concern about the company's ability to service debt that totaled $35.1 billion as of June 30. Nebius Group and Strategy also fell more than 10% that day.