Atoms, the new industrial AI venture from Uber co-founder Travis Kalanick, has closed a $1.7 billion equity investment led by Andreessen Horowitz. The company will focus on automation in the food, mining, and transport sectors.
Las Vegas Sands reported a decline in second-quarter profit and revenue, as an unfavorable win rate in its crucial Macau operations overshadowed growth in gaming volumes. The results sent the company's shares down significantly in after-hours trading.
Russia's benchmark stock index closed higher on Wednesday, lifted by a strong performance in the oil, gas, and mining sectors amid rising commodity prices. Polyus and Rosneft were among the top gainers.
Colombia's benchmark COLCAP index edged down 0.19% on Wednesday, dragged lower by losses in the financial, investment, and public services sectors. The decline occurred despite a significant rally in shares of mining company Mineros SA.
Raymond James Financial reported a significant increase in third-quarter profit, driven by a 40% surge in investment banking revenue and record assets in its private client group.
Tropical Storm Bertha has made landfall in Louisiana, prompting energy companies to shut down production and evacuate personnel from offshore platforms in the U.S. Gulf of Mexico, a key region for oil and gas output.
Intel is exploring a partnership to help operate its delayed $28 billion semiconductor facility in Ohio, with South Korean memory chipmaker SK Hynix among the companies being considered, according to a recent report.
Mexico's benchmark stock index, the S&P/BMV IPC, closed higher on Wednesday, lifted by positive performance in the industrial and consumer-focused sectors.
New York City's mayoral administration has appointed prominent antitrust advocate Lina Khan to lead its economic development board, while simultaneously facing a lawsuit from landlords aiming to block a recent rent freeze on regulated apartments.
