Tesla announces new battery factory in Mexico
Tesla plans to build a $5 billion battery factory in northern Mexico, creating approximately 10,000 jobs. The move is part of the company's strategy to expand production capacity and reduce costs.
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Asian Development Bank announces €65 billion regional investment plan
The Asian Development Bank has unveiled a €65 billion regional investment plan aimed at supporting developing Asian economies, with growth in the region forecast at 4.7% for 2026.
US long bond yields cross 5% as investors weigh economic risks
The yield on the US 30-year Treasury bond has crossed the 5% threshold, raising questions about whether investors should buy or avoid long-duration debt amid economic uncertainty.
Google plans major investment in AI company Anthropic
Google is negotiating a potential investment of up to $40 billion in artificial intelligence firm Anthropic. The move would significantly expand Google's AI capabilities and competitive position.
Asian markets rise cautiously amid Middle East tensions
Asian stock markets opened higher on Monday morning, with Japan's Nikkei 225 rising 0.74% and South Korea's KOSPI climbing 0.99%. Investors remain cautious due to escalating tensions between the US and Iran in the Strait of Hormuz.
GameStop offers 5.5 billion to acquire eBay
GameStop proposes 5.5 billion acquisition of eBay, potentially creating a major retail and e-commerce player. eBay shares rise 6% on the news.
Global markets show mixed results amid economic uncertainty
Financial markets experienced volatility as investors weighed conflicting economic signals. Asian markets showed gains while European indices declined.
Goldman Sachs forecasts 2.8% global growth for 2026
Goldman Sachs researchers predict the global economy will grow by 2.8% in 2026, describing the outlook as 'sturdy' despite ongoing challenges. The forecast suggests moderate but stable expansion across major economies.
Trump vows Iran pressure with naval blockade, yen resumes rally.
Visit http:www.bloomberg.com for business news ... President Trump Gaggles with Press Before Departing the White House, May 1, 2026.
Tech companies plan $650 billion AI investment in 2026
Major technology firms are planning approximately $650 billion in artificial intelligence investments during 2026, according to a Bridgewater Associates report.