Skip to main content

AustraliaBreaking News

Bloomberg

Taylor Morrison Soars on Berkshire Deal; IBM Jumps on Trump Mention | Stock Movers

On this episode of Stock Movers with Alexis Christoforous: - Shares of Taylor Morrison Home Corp. (TMHC) soared in premarket trading after Berkshire Hathaway said it will acquire the homebuilder in an all-cash deal worth about $6.8 billion. It marks the first major purchase under chief executive Greg Abel and a vote of confidence in the US housing market. - Shares of MGM Resorts International (MGM) rallied ahead of the US market open after the New York Times' DealBook reported that Barry Diller's People Inc. is preparing an offer to buy its unowned portion of the casino giant at an $18 billion valuation. - Shares of IBM (IBM) jumped in the early session after a video of President Trump praising the company's CEO and discussing the stock at a December event recirculated on social media over the weekend. In the clip, Trump says IBM CEO Arvind Krishna had "taken the stock from a rather low price to a very nice price."

Read more
Bloomberg

SoftBank Announces 75 Bln AI Data Center Plan in France

SoftBank plans to invest as much as 75 billion ($87 billion) to build 5 gigawatts of artificial intelligence data center capacity in France, saying the country is poised to become a top European hub for AI infrastructure. SoftBank founder Masayoshi Son met French President Emmanuel Macron in Paris today to discuss the plan. Bloomberg's Peter Elstrom and Caroline Connan report.

Read more