{
}
Elon Musk announced that xAI has acquired X in an all-stock deal, valuing xAI at $80 billion and X at $33 billion. Meanwhile, Block is laying off 931 employees as part of a restructuring, and 23andMe has filed for bankruptcy, with co-founder Anne Wojcicki planning to bid for the company. Additionally, a leaked database reveals China's advanced AI censorship capabilities, and Rivian's skunkworks project has spun out as a new company called Also, securing $105 million in funding.
President Trump has pardoned Trevor Milton, the founder of Nikola Motors, who was convicted of fraud in 2022. Milton, once a billionaire and rival to Elon Musk, faced allegations of misleading promotional videos and other misconduct, though he was not charged in those cases. The pardon has raised eyebrows, especially given Trump's history of supporting businessmen accused of wrongdoing.
CoreWeave priced its IPO at $40 per share, falling short of the expected $47 to $55 range, amid investor caution despite strong demand for AI cloud services. The offering includes 37.5 million shares, with significant backing from Nvidia and OpenAI, and is set to trade under the ticker “CRVW” on Nasdaq starting March 28. Despite a remarkable revenue growth of 737% to $1.9 billion in 2024, the company reported a net loss of $863 million, raising concerns about its reliance on Microsoft, which accounted for 62% of its revenue.
Kepler Cheuvreux upgraded Avolta to "Hold" as shares rose following a new 15-year contract at JFK Airport. The Swiss Market Index is slightly up, with Zurich Insurance leading gains, while Asian markets fell amid concerns over US tariffs and the Federal Reserve's cautious stance. In the US, stocks showed mixed results, with notable declines for Celanese and Bumble, while Analog Devices saw a significant rise after positive earnings.
Trevor Milton
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
xAI acquires X in all stock deal valued at 80 billion dollars
United States Dollar
23andMe Holding Co.
SpaceXCoin USD
Rivian Automotive, Inc.
Nikola Corp. R
Apple Inc.
CYM
CHN
USA
Jack Dorsey
Elon Musk
Trevor Milton
Anne Wojcicki
Kat Abughazaleh
Show more
18:02 29.03.2025
Trump pardons Trevor Milton founder of Nikola Motors convicted of fraud
16:23 28.03.2025
coreweave ipo priced below expectations amid strong ai demand
United States Dollar
NVIDIA Corporation
The Goldman Sachs Group Inc
Microsoft Corporation
JPMorgan Chase & Co.
Meta Platforms, Inc.
USA
Jim Chanos
Nancy Pelosi
Trevor Milton
Show more
04:12 28.03.2025
global markets show mixed trends amid trade tensions and earnings reports
United States Dollar
Swiss Franc
Japanese Yen
Euro
Cembra Money Bank SA
Zurich Insurance Group AG
Straumann AG, Lufttechnik und Farbspritzkabinen
Julian Mcmanus
Donald Trump
Trevor Milton
Show more
06:25 20.02.2025
Trending
Subcategory
Stock Market Updates
Corporate News
Industry Trends
Finance Mergers & Acquisitions
Banking Regulations
Global Financial Events
Market Analysis and Predictions
Retail and Consumer Goods
Financial Scams and Security
CEO Changes
Global Trade Developments
Central Bank Actions
GDP Growth & Recession Forecasts
Government Policies
Hedge Funds & Private Equity
Industry Mergers & Acquisitions
Inflation and Monetary Impact
Startups & Entrepreneurship
Workplace Trends
Government Economic Policies
Countries:
Companies:
The Goldman Sachs Group, Inc.
JPMorgan Chase & Co.
Tesla, Inc.
Apple Inc.
Bank of America Corporation
Wells Fargo & Company
Citigroup Inc.
Barclays PLC
Morgan Stanley
Deutsche Bank Money Market PP
Lloyds Banking Group plc
Huawei Technologies CO. Ltd.
American Express Company
Credit Suisse Strategic Income I
UBS Group AG
AMERICAN EXPRESS
Northern Trust Corporation
Berkshire Hathaway Inc.
Amazon.com, Inc.
Banco Santander, S.A.
Currencies:
United States Dollar
Euro
Chinese Yuan
Swiss Franc
British Pound Sterling
Indian Rupee
Japanese Yen
Canadian Dollar
Australian Dollar
Russian Ruble
Saudi Riyal
United Arab Emirates Dirham
Indonesian Rupiah
Hong Kong Dollar
Danish Krone
Offshore Chinese Yuan
Singapore Dollar
Ghanaian Cedi
Mexican Peso
South Korean Won
People: