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SpaceX Targets Record-Breaking $1.75T IPO
SpaceX is preparing to confidentially file for an initial public offering as soon as next month, a move that could lead to the largest stock market debut in history and value Elon Musk's rocket and satellite company at more than $1.75 trillion, Bloomberg reports.
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Trump Media Weighs Spinoff of Truth Social
Trump Media & Technology Group said Friday it is considering spinning off its Truth Social platform into a separate publicly traded company as it advances a planned $6 billion merger with fusion-energy firm TAE Technologies, CBS News reports.
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Warner Bros Signs $110 Billion Deal With Paramount
Warner Bros Discovery has agreed to be acquired by Paramount Skydance in a $110 billion deal signed Friday morning, according to an audio clip of a global townhall by the company, which was reviewed by Reuters.
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Netflix Surges 10% as Investors Cheer Exit From Warner Race
Netflix jumped neary 10% Friday as investors applauded its decision to exit the race for Warner Bros Discovery, a months-long bidding war with Paramount Skydance for some of Hollywood's most prized assets.
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OpenAI's $110B Round Draws Amazon, Nvidia, SoftBank
Amazon will invest $50 billion in OpenAI, starting with an initial $15 billion and followed by another $35 billion in the coming months, the companies said on Friday.The investment is part of a massive funding round for OpenAI, which is raising $110 billion in new...
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Block Soars 20% After Axing 4,000 Roles in AI Overhaul
Shares in the financial technology company Block soared more than 20% in premarket trading Friday after its CEO announced it was laying off more than 4,000 of its 10,000 plus employees, reconfiguring to capitalize on its use of artificial intelligence.
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Mortgages Dip Below 6% for First Time Since 2022
The average 30-year fixed mortgage rate has slipped below a key psychological barrier, falling to 5.98% this week , the first time it has dipped under 6% since September 2022, The Wall Street Journal reports.
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Gold Is Rising as Global Risks Align
Gold was once considered a legacy investment, tucked away in vaults and largely forgotten. Today, that reputation has changed.
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Greg Abel to Detail Strategy for Berkshire After Buffett
Berkshire Hathaway's new Chief Executive Greg Abel faces numerous challenges as the successor to famed billionaire Warren Buffett.
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Stocks Slide as Nvidia, Salesforce Results Fail to Spark Rally
Stocks moved lower Thursday, with earnings from Nvidia and Salesforce failing to ignite a broader market advance.
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Nvidia Delivers Blowout Quarter - Stock Shrugs
Artificial intelligence chipmaker Nvidia announced another quarter of astounding quarterly growth as investors try to decipher whether technology's latest craze is overblown hyperbole or a springboard into a new era of prosperity and productivity.
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Warner Bros. Sees Paramount Bid as Possibly 'Superior'
Warner Bros. Discovery said a revised takeover offer from Paramount valuing the company at $31 a share could reasonably be expected to lead to a "superior proposal" to its existing $83 billion deal with Netflix, The New York Times reports.
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HP Warns US Trade Regs to Weigh on Forecasts
HP Inc. now expects fiscal 2026 results to be at the low end of its forecasts, as the personal computer maker grapples with U.S. trade regulations and increasing costs due to the memory chip crisis, sending its shares down 3.6% in extended trading.
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Anthropic Touts AI Tools for Investment Banking, Wealth Management
Artificial intelligence lab Anthropic Tuesday unveiled 10 new ways for business customers to plug in its technology to key areas of their work, weeks after other releases sparked an aggressive selloff in traditional software company shares.
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Meta Strikes AI Chip Pact With AMD Worth up to $100B
Advanced Micro Devices said Tuesday it has agreed to sell up to $100 billion worth of artificial intelligence chips to Meta Platforms over five years in a deal that allows the Facebook owner to purchase as much as 10% of the chip firm.
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'AI Doomsday' Report Sparks Job Loss Fears
Wall Street didn't need a recession, a banking crisis or a geopolitical shock to tumble Monday. It needed a 7,000-word essay about artificial intelligence, The Wall Street Journal reports.
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Bitcoin Slides to $62,907 on Tariff Turmoil, Iran Tensions
Bitcoin sank further Tuesday, trading around $62,907, down 5.02% from Monday's close, as investors continued rotating out of riskier assets amid fresh uncertainty over President Donald Trump's tariff push and rising concerns about a potential U.S.-Iran conflict, CNBC...
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Gold Hits 3-Week High of $5,206 on Tariff Uncertainty
Gold rose more than 2% to a three-week high Monday, fueled by a fresh wave of safe-haven demand on uncertainty over U.S. President Donald Trump's tariff plans after he vowed to raise duties following the Supreme Court's ruling against his earlier levies.
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US Tariff Turmoil Leaves Treasury Markets Dazed
Far from being a source of relief, the Supreme Court's takedown of President Donald Trump's tariffs has infused new risks and uncertainties into trade policy, U.S. debt and the dollar.
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Tariff Uncertainty Thickens Economic Fog Again
U.S. and foreign officials, corporate executives, analysts and investors had begun to hope the tumultuous U.S. trade policy reversals of last year were finished.
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From 'Buy America' to 'Bye America': Wall Street Exodus Gathers Pace
U.S. investors are pulling money out of their own stock market at the fastest pace in at least 16 years as Big Tech returns fade and better-performing overseas markets look more attractive.
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Stocks Rise After Supreme Court Strikes Down Tariffs
U.S. stocks are edging higher in tentative trading after the Supreme Court struck down President Donald Trump’s sweeping tariffs, which had been a source of volatility for the market.
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Amazon Overtakes Walmart as America's Biggest Company
For nearly two decades, Walmart proudly called itself the nation's "Fortune 1" company , the largest in America by annual revenue, a title it had held since overtaking Exxon Mobil in the early 2000s. That era has now ended, The Wall Street Journal reports.
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Is the Global Economic Order Starting to Crack
While headlines focus on slowing growth and rising risks, financial insiders warn the real danger lies deep beneath the surface.
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Steve Cohen's $3.4 Billion Point72 Payday
If baseball were measured in billions, Steve Cohen would have just won the World Series. The billionaire owner of the New York Mets pocketed $3.4 billion from his hedge fund, Point72 Asset Management, in 2025 - more than $9 million a day , topping Bloomberg's annual ranking...