Tag: Business
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SpaceX to release results on website, X only, bypassing wire services
June 15 : SpaceX will release quarterly and annual financial results, besides other material news, only through its website and social media account on X and not through wire distribution services, it said in a filing on Monday.The move marks a departure from standard corporate communication practices, which
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EU extends emergency cyber security support to Ukraine
BRUSSELS, June 15 : The EU has made its emergency cyber security support available to Ukraine, the European Commission said on Monday.Ukraine can now activate incident response services from trusted private providers to help address significant or large-scale incidents, the Commission said.Moldova had
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Senator Cruz questions private investment firm plan to acquire T-Mobile wireless spectrum
WASHINGTON, June 15 : The chair of the Senate Commerce Committee on Monday questioned a plan from private investment firm Grain Management to acquire key wireless spectrum from T-Mobile but potentially delay its use for years.Last year, T-Mobile agreed to sell its portfolio of 800 MHz licenses to private inve
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Qualcomm in talks to buy Tenstorrent, The Information reports
June 15 : Qualcomm is in talks to acquire AI chip startup Tenstorrent for $8 billion to $10 billion, The Information reported on Monday citing a person with knowledge of the deal.Shares of Qualcomm fell about 1 per cent in extended trading.The talks were ongoing and the price could change, or the discu
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Bank of Japan set to raise rates to 31-year high, vow further increases
TOKYO, June 16 : The Bank of Japan is set to raise interest rates to a 31-year high on Tuesday, marking another landmark step in normalising monetary policy as it focuses on taming price pressures from the energy shock caused by the Iran war.The decision would mark a more aggressive approach by the BOJ in…
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Trading Day: US-Iran war halted – now what?
NEW YORK, June 15 : U.S. stocks rallied on Monday and crude prices dropped after the U.S. and Iran announced they have reached a deal to end the war and reopen the Strait of Hormuz, the closure of which has rattled markets worldwide and sparked fears of systemic inflation.I will go into more detail on…
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SpaceX to release financial results through website and X platform
June 15 : SpaceX will release quarterly or annual financial results or other material news only through its website and social media account on X and not through wire distribution services, it said in a filing on Monday.
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Florida sues TikTok, claiming it violates state child safety law
June 15 : Florida’s attorney general sued TikTok on Monday over claims it is violating the state’s law barring social media platforms from allowing children under age 14 to create accounts.In the lawsuit, filed in state court in St. Lucie County, Florida Attorney General James Uthmeier, a Republican, accuses
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Nvidia to raise $25 billion, sources say, in first corporate bond sale in five years
June 15 : Nvidia will raise $25 billion through a U.S. bond issuance, more than initially planned, two sources told Reuters on Monday, as it taps the debt market to increase liquidity. Investor demand for the bond sale hit $85 billion, one of the sources familiar with the matter said, declining to be named as
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Centene to offer buyouts to some employees as health insurer cuts costs
The health insurer Centene did not indicate to how many employees were offered buyouts or how much it is aiming to reduce its workforce.
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