By Aditya Soni (Reuters) - Microsoft has scrapped leases for sizeable data center capacity in the U.S., suggesting a potential oversupply at the tech giant as it builds out artificial intelligence infrastructure to meet a potential demand surge, TD Cowen analysts said. Skepticism has been growing among investors over the billions of dollars U.S. tech firms have been channeling into...

(Reuters) -Robinhood said on Monday the U.S. Securities and Exchange Commission had closed its investigation into the company's crypto trading arm with no action. Robinhood's shares were up 2.9% in premarket trading. In May 2024, Robinhood had received a notice warning that it could be charged for a potential violation of securities law within its crypto unit. The SEC dropped...

08:20 AM EST, 02/24/2025 (MT Newswires) -- Bowman Consulting Group ( BWMN ) said Monday that it has been awarded a one-year contract by North Carolina's Center for Geographic Information and Analysis (CGIA) to produce detailed digital orthoimagery for five counties in the Eastern Piedmont region. Financial details of the contract were not provided. The project will cover 3,650 square...

08:20 AM EST, 02/24/2025 (MT Newswires) -- Apollo Global Management ( APO ) will acquire Bridge Investment Group ( BRDG ) for an equity value of $1.5 billion, the companies said Monday. BRDG shares were over 31% higher while APO shares were moving 0.2% higher in recent premarket activity. Under the agreement, Bridge shareholders will receive 0.07081 shares of Apollo...