Tag: Business
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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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Nvidia plans to raise at least $20 billion in first debt sale since start of AI boom
Nvidia is set raise capital in a debt sale for the first time since 2021, when the chipmaker was a fraction of its current size.
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SpaceX set to extend rally after record Wall Street debut
June 15 : Shares of SpaceX rose more than 6 per cent in early trading on Monday, adding to gains after a blockbuster debut last week that pushed the company’s valuation past $2 trillion and cemented its position among the world’s most valuable companies.CEO Elon Musk said on Sunday that SpaceX could bring in
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Anthropic to meet with US officials over export curbs
WASHINGTON, June 15 : Senior Anthropic technical staff are scheduled to meet with officials at the Department of Commerce in Washington on Monday, a Trump administration official said, after the U.S. government ordered the AI firm late last week to suspend access to its top-tier models for foreign nationals, citing
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US judge dismisses Musk’s xAI trade secret lawsuit against OpenAI
June 15 : A federal judge on Monday dismissed a lawsuit by Elon Musk’s artificial intelligence company xAI that accused rival Sam Altman’s OpenAI of stealing trade secrets for chatbots.U.S. District Judge Rita Lin in San Francisco said xAI failed to show that OpenAI induced former xAI senior engineer Xuechen
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Oil falls 5% to three-month low as US, Iran reach peace deal to reopen Strait of Hormuz
HOUSTON, June 15 : Oil prices slumped 5 per cent to a three-month low on Monday amid a broad selloff after the U.S. and Iran said they agreed terms to end their war and reopen the Strait of Hormuz. Brent crude futures fell $4.38, or 5.02 per cent, to $82.95 a barrel by 10:54 a.m.…
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SpaceX IPO haul rises to $85.7 billion after underwriters exercise greenshoe
June 15 : SpaceX said on Monday that its underwriters had exercised the “greenshoe” option to purchase additional shares, increasing the total proceeds from its initial public offering to $85.7 billion from $75 billion that it raised last week.Elon Musk’s rocket, AI and internet conglomerate, which sold 555.5
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