Kevin Warsh’s First Fed Meeting Triggers Worst Market Reaction Since 1994
The S&P 500 fell 1.2% following Kevin Warsh’s first Federal Reserve meeting as chairman, marking the worst market reaction to a new Fed chief’s debut meeting in 32 years.
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Motley Fool Warns SpaceX May Be Overvalued by More Than 90%
Motley Fool analysts argue that SpaceX may be worth between $150 billion and $250 billion, far below its current market valuation of roughly $2.56 trillion.
Polish Founder Builds Europe’s Largest Space Company as ICEYE Reaches $12 Billion Valuation
By
Emma Clarke
ICEYE, the satellite company co-founded by Polish entrepreneur Rafał Modrzewski, has reached a valuation of 44 billion zloty after a tenfold increase in just one year.
Uber, Lucid and Nuro Partner to Launch Robotaxi Service in Houston
Uber will launch a robotaxi service in Houston in partnership with Lucid and Nuro, expanding its autonomous vehicle strategy as competition in self-driving transportation intensifies.
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SpaceX-Cursor Deal Creates Four Multibillionaires in Their Mid-20s
SpaceX’s $60 billion acquisition of Cursor developer Anysphere has turned four MIT classmates in their mid-20s into multibillionaires almost overnight.
SpaceX to Acquire Cursor Developer Anysphere in $60 Billion All-Stock Deal
By
Emma Clarke
SpaceX agreed to acquire Anysphere, the developer of AI coding tool Cursor, in a $60 billion all-stock merger through subsidiary X67 Inc.
Bank of Japan Raises Interest Rates to 1%, Highest Level Since 1995
The Bank of Japan raised its benchmark interest rate to 1%, the highest level in more than three decades, as policymakers respond to persistent inflation and pressure on the yen.
Salesforce Acquires AI Startup Fin in $3.6 Billion Deal
By
Emma Clarke
Salesforce agreed to acquire AI software developer Fin for $3.6 billion, strengthening its position in the rapidly expanding market for enterprise artificial intelligence tools.
Fox Agrees to Acquire Roku in $22 Billion Streaming Deal
By
Emma Clarke
Fox Corporation has agreed to acquire Roku in a $22 billion transaction, combining one of the largest streaming platforms with Fox’s growing digital media and advertising business.
Bezos-Backed AI Startup Project Prometheus Reaches $41 Billion Valuation
By
Emma Clarke
Project Prometheus, the industrial AI startup backed by Jeff Bezos, has reportedly reached a $41 billion valuation following its latest funding round as investors bet on AI applications beyond software.
United States Becomes the World’s Largest Oil Exporter
The United States has become the world’s largest oil exporter, surpassing Saudi Arabia and Russia as record crude and fuel shipments reshape global energy markets.
Nasdaq 100 Slides 1.8% as Markets React to Escalating U.S.-Iran Tensions
U.S. stocks erased approximately $1.2 trillion in market value after President Trump warned that the United States could strike Iran 'very hard', triggering a sharp reversal across risk assets.
SpaceX Employees Prepare for IPO Windfall With Wealth Management Program
By
Emma Clarke
More than 100 current and former SpaceX employees have joined forces to secure discounted wealth management services as the company’s IPO is expected to create a new wave of multimillionaires.