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Finance - Page 2

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Council approves $180M bond for Nichirei Craighead Park expansionFinance

Council approves $180M bond for Nichirei Craighead Park expansion

Finance Council Committee authorizes $180 million bond for Nichirei Global Foods expansion in Craighead Technology Park.

BaFin opens specialized AI unit to counter rising cyber threatsFinance

BaFin opens specialized AI unit to counter rising cyber threats

Germany’s financial regulator BaFin launched a specialized AI unit to combat rising cyber threats as Anthropic’s Mythos model alters digital banking risks.

Oculis reports $277.6M in cash to fund late-stage clinical trialsFinance

Oculis reports $277.6M in cash to fund late-stage clinical trials

Oculis holds $277.6 million in cash and investments as of March 31, 2026, to fund late-stage clinical trials and advance the OCS-01 development program.

Leon County Schools slashes $7.8M as enrollment drops by 1,500Finance

Leon County Schools slashes $7.8M as enrollment drops by 1,500

Leon County Schools cuts $7.8 million from its budget as enrollment drops by 1,500 students. The board meets May 11 to review three new fiscal proposals.

Z.ai, MiniMax lead $22B surge in Hong Kong AI listingsFinance

Z.ai, MiniMax lead $22B surge in Hong Kong AI listings

Z.ai, MiniMax, Biren, and Iluvatar CoreX drive a $22 billion surge in Hong Kong AI listings as investors favor these debuts over cooling U.S. tech stocks.

Larry Fink Sees $1 Trillion Opportunity in AI InfrastructureFinance

Larry Fink Sees $1 Trillion Opportunity in AI Infrastructure

BlackRock CEO Larry Fink identifies a $1 trillion investment opportunity in AI infrastructure, as hyperscalers build new data centers across the U.S. today.

Vanguard 401k Hardship Withdrawals Triple to 6 Percent of WorkersFinance

Vanguard 401k Hardship Withdrawals Triple to 6 Percent of Workers

Vanguard reports that 6 percent of American workers now take 401k hardship withdrawals, tripling the pre-pandemic rate as households cover basic costs.

AM Best Affirms A+ Financial Strength Rating for PrudentialFinance

AM Best Affirms A+ Financial Strength Rating for Prudential

On May 8, 2026, AM Best affirmed an A+ Financial Strength Rating for Newark-based Prudential Financial, confirming the firm maintains a resilient balance.

ASIC orders financial firms to bolster defenses against Mythos AIFinance

ASIC orders financial firms to bolster defenses against Mythos AI

The Australian Securities and Investments Commission ordered financial firms to strengthen digital defenses against the Mythos AI system this Friday.

Prudential Shares Rise 3.9% Despite Japan Sales SuspensionFinance

Prudential Shares Rise 3.9% Despite Japan Sales Suspension

Prudential Financial shares climbed 3.9 percent this week after the firm beat quarterly earnings expectations despite an ongoing sales suspension in Japan.

Beijing Orders Firms to Ignore US Sanctions Amid Banking StandoffFinance

Beijing Orders Firms to Ignore US Sanctions Amid Banking Standoff

Beijing officially orders domestic companies to ignore US sanctions for the first time, forcing firms to choose between international rules and local law.

Asia Pacific Stocks Hit Record High as Tech Flows Offset War FearsFinance

Asia Pacific Stocks Hit Record High as Tech Flows Offset War Fears

The MSCI AC Asia Pacific Index reached a record high after a 0.4% gain as strong investor demand for technology stocks overcame fears regarding the Iran war.