Investing

The agreement, which raises the debt ceiling for two years, still needs congressional approval.

Investors should consider Silicon Valley chipmaker Marvell a “safer way to gain exposure to the AI wave,” one analyst said.

The chipmaker’s stocks are surging after an expectations-shattering financial report, bringing its market cap close to $1 trillion—a status shared with a handful of other companies.

As it nears bankruptcy, Vice Media is far from its days of 3,000 employees and a peak valuation of $5.7 billion in 2017.

Australian grocery delivery startup Milkrun, which closed its doors in April, has been bought by Woolworths.

Square Peg has been a key investor in Rokt since 2013, and will join the company’s board ahead of its anticipated IPO.

ESPN plans to maintain its cable channel even with its streaming service, according to anonymous sources.

Australians wanting to be in the country’s top 1% for wealth need to have an individual net worth of US$5.5 million ($8.3 million), Knight Frank’s 2023 Wealth Report has found.

What are the most unusual investments that have yielded the biggest returns? Data journalist JULIETTE O’BRIEN looks at the category leaders and has found a pattern.

The entertainment conglomerate lost four million subscribers for Disney+ last quarter while raking in $2 billion in profits from its theme parks.