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Real-time News
According to ABC News, US President Trump said he believes he will reach an agreement with Iran "within the next week" to extend the ceasefire and reopen the Strait of Hormuz.On June 2nd, Alphabet (GOOG.O), Googles parent company, announced it is raising $80 billion through equity offerings, including an investment agreement with Berkshire Hathaway, to fund its ambitious artificial intelligence spending plans. Alphabet disclosed in its announcement that the financing includes a $30 billion underwritten public offering and a $40 billion "at-market" (ATM) transaction. As part of this financing plan, Berkshire Hathaway will subscribe for $10 billion worth of shares through a private placement, while Alphabet will issue $5 billion worth of Class A common stock to Berkshire at $351.81 per share and an additional $5 billion worth of Class C common stock at $348.20 per share. The company stated, "AI demand has exceeded the companys existing supply capacity. By expanding the scale of this investment, the company aims to scale its infrastructure to powerfully support future massive growth opportunities."Alphabet (GOOG.O): AI demand has exceeded the companys current supply capacity. The company is facing strong demand for artificial intelligence solutions from both enterprises and consumers.Rosneft, the Russian oil company, reported first-quarter revenue of 2.032 trillion rubles, a 4.3% increase from the previous quarter. Net profit for the first quarter of 2026 is projected to increase sevenfold compared to the fourth quarter of 2025, reaching 115 billion rubles.Rosneft, a Russian oil company, reported that its first-quarter oil and gas condensate production was 3.74 million barrels per day, down 0.4% from the previous quarter.
