Alvarez & Marsal wants to generate 50% of its revenue from artificial intelligence work by 2028, which would represent as much as $3.5 billion in earnings.

ServiceNow Inc. projected it would generate $30 billion of subscription revenue in 2030, attributing the strong outlook to traction from its AI products.

Meta Platforms Inc. is working on a financing package for a data center in El Paso, Texas, that could total roughly $13 billion, underscoring Big Tech’s growing reliance on debt to bankroll the infrastructure behind the AI boom.

Bloomberg Television brings you the latest news and analysis leading up to the final minutes and seconds before and after the closing bell on Wall Street. Today's guests are Man Group CEO Robyn Grew, Goldman Sachs’ Marc Nachmann, Allspring Global Investments CEO Kate Burke, Senator Ted Cruz (R-TX), IBM Vice Chairman Gary Cohn, BlackRock’s Joe DeVico, eMed CEO Linda Yaccarino & Fmr. NFL Quarterback Tom Brady, Janus Henderson CEO Ali Dibadj, Pretium CEO Don Mullen, BNY CEO Robin Vince, PIMCO President Christian Stracke, Morgan Stanley’s Dan Simkowitz, Kalshi Board Member Brian Quintenz, Oak Hill Advisors CEO Glenn August, State Street CEO Ron O’Hanley, Spelman College Interim President Roz Brewer, & Guggenheim Partners’ Anne Walsh. (Source: Bloomberg)

Gold held a loss as the US and Iran traded fire in the Persian Gulf on Monday, jeopardizing a four-week-old ceasefire and fueling inflation and rate-hike risks.

Asian stocks looked set to retreat from record highs after the US and Iran exchanged fire, jolting a fragile, four-week-old ceasefire and raising concerns that Middle East tensions could escalate again.

Australian gold miner Regis Resources Ltd. agreed to buy Vault Minerals Ltd. in an all-share transaction that they said values the combined entity at about A$10.7 billion ($7.7 billion).

Oil held the bulk of a sharp gain after tensions flared across the Middle East, with the US and Iran exchanging fire amid renewed attacks on energy infrastructure and vessels in and around the Strait of Hormuz.

The US and Iran exchanged fire in the Persian Gulf in a flareup of violence on Monday that also drew in the United Arab Emirates, prompting calls for renewed strikes on Iranian targets and casting doubt on the fate of a four-week ceasefire.

GameStop Corp. is trying to buy eBay Inc. for about $56 billion in cash and stock, a bold attempt by Ryan Cohen to take over a storied e-commerce name several times larger.