SpaceX Erases $1.48 Trillion in Market Value in Just 37 Days
SpaceX shares have fallen to a new all-time low, wiping approximately $1.48 trillion from the company’s market value in just 37 days and dropping well below their $135 IPO price.
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Allianz to Acquire HSBC’s Singapore Insurance Business for $2.09 Billion
Allianz will acquire HSBC's Singapore life and health insurance business for $2.09 billion, strengthening its presence in Asia while allowing HSBC to focus on higher-return banking operations.
South Korea to Invest AI Tax Windfall Into Future Fund
South Korea plans to channel tax revenue generated by the AI boom into a new Future Adaptation Fund supporting education, technology, regional development, and young people.
SK Hynix Debuts on Nasdaq After Raising $26.5 Billion in Landmark Listing
By
Emma Clarke
SK Hynix began trading on Nasdaq after raising $26.5 billion in an oversubscribed ADR offering, with the proceeds set to expand AI memory chip production.
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Paradigm Raises $1.2 Billion to Expand AI and Robotics Investments
By
Emma Clarke
Crypto-focused venture capital firm Paradigm has raised a new $1.2 billion fund to expand its investments beyond digital assets into artificial intelligence and robotics.
Volkswagen, BMW and Mercedes-Benz Cut Jobs as Chinese Rivals Gain Market Share
By
Emma Clarke
Volkswagen, BMW, and Mercedes-Benz are cutting jobs and reducing costs as rising competition from Chinese automakers reshapes the global automotive industry.
SpaceXAI Launches Grok 4.5, Its First AI Model Built for Agentic Work
By
Emma Clarke
SpaceXAI has launched Grok 4.5, its most advanced AI model yet, designed for coding, agentic tasks, and knowledge work with availability through Grok Build, Cursor, and the API.
Instagram Enables AI to Generate Images Using Public Photos by Default
By
Emma Clarke
Instagram now allows Meta AI to generate images using photos from public accounts by default, unless users manually disable the feature in their settings.
Honda, Nissan and Mitsubishi Deepen Alliance to Compete With Chinese Automakers
By
Emma Clarke
Honda, Nissan, and Mitsubishi are expanding their partnership by sharing software, electronic systems, and components in an effort to cut costs and better compete with rapidly growing Chinese automakers.
South Korean Stocks Tumble as AI Chipmakers Sell Off Despite Samsung’s Record Profit
South Korea's stock market fell sharply as investors sold AI chipmakers despite Samsung reporting record quarterly operating profit driven by strong demand for AI memory.
Trump’s Financial Disclosure Reveals Massive Crypto Windfall and Thousands of Stock Trades
Donald Trump’s latest financial disclosure shows more than $2 billion in reported income for 2025, including roughly $1.4 billion from crypto ventures and thousands of stock trades involving major technology companies.
EasyJet Agrees in Principle to £5.2 Billion Takeover Offer
By
Emma Clarke
EasyJet has agreed in principle to a £5.2 billion takeover proposal from U.S. investment firm Castlelake after rejecting four previous offers.
SpaceX Joins Nasdaq-100 as Billions in Passive Fund Buying Begin
SpaceX officially joins the Nasdaq-100 today, a move expected to trigger billions of dollars in passive buying from ETFs and index funds tracking the benchmark.