Moves Closer to Allowing Crypto in $12 Trillion 401(k) Market
The U.S. is preparing to allow cryptocurrencies and alternative assets in 401(k) retirement accounts. The move could open a $12 trillion market to digital assets and private investments.
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OpenAI Shuts Down Sora Video Model Amid Soaring AI Costs
By
Emma Clarke
OpenAI is shutting down its Sora video generation model, citing undisclosed reasons. Reports suggest the product may have been costing up to $15 million per day to operate.
SpaceX Prepares IPO Filing That Could Value Company Above $1.5 Trillion
SpaceX is preparing to file for an initial public offering as soon as this week, with reports suggesting a potential raise of over $75 billion. The listing could become one of the largest IPOs in history.
Meta Targets $9 Trillion Valuation With New Executive Incentive Plan
By
Emma Clarke
Meta has introduced a new executive incentive program tied to a $9 trillion valuation target. The move underscores its aggressive push to lead the artificial intelligence race.
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Oil Prices Drop After Trump Delays Potential Strikes on Iran Energy Sites
By
Nathan Cole
Oil prices fell sharply after President Donald Trump postponed potential U.S. strikes on Iran’s energy infrastructure. The delay eased fears of immediate supply disruptions in the Middle East.
Gold Suffers Worst Weekly Drop in Over 40 Years as War and Rates Hit Demand
By
Nathan Cole
Gold recorded its steepest weekly decline in more than four decades, falling 11% to $4,488 per ounce. Rising oil prices and expectations of prolonged high interest rates weakened its safe-haven appeal.
Kalshi Raises $1 Billion at $22 Billion Valuation in Major Funding Round
By
Emma Clarke
Kalshi has raised more than $1 billion in a new funding round, valuing the prediction market platform at $22 billion. The deal highlights growing investor interest in event-driven trading markets.
S&P 500 Licensed for Crypto Perpetual Contracts in Hyperliquid Deal
S&P Dow Jones Indices has licensed the S&P 500 for use in perpetual futures contracts on Hyperliquid. The move brings a major equity benchmark into the crypto derivatives market.
Nissan to Export U.S. – Built Vehicles to Japan in Strategic Shift
By
Emma Clarke
Nissan plans to export U.S.-built vehicles to Japan, joining Toyota and Honda in reversing traditional trade flows. The move reflects shifting global production strategies in the auto industry.
EU Unveils ‘EU Inc’ Plan to Simplify Cross-Border Business Formation
The European Union is set to introduce a new “EU Inc” company structure aimed at simplifying cross-border business operations. The initiative seeks to reduce regulatory friction for startups and investors across the bloc.
Nvidia and Uber Plan Robotaxi Rollout Across 28 Cities by 2028
By
Emma Clarke
Nvidia and Uber announced plans to launch Level 4 autonomous robotaxis in 28 cities by 2028. The partnership aims to scale AI-powered self-driving fleets across major urban markets.
Nvidia Targets $1 Trillion in AI Chip Revenue by 2027
By
Emma Clarke
Nvidia expects cumulative revenue from AI chips to reach $1 trillion by the end of 2027, according to CEO Jensen Huang. The forecast doubles the company’s previous projection for the fast-growing AI market.
Meta Invests $27B in Nebius as AI Infrastructure Race Intensifies
By
Emma Clarke
Meta has invested $27 billion in AI cloud company Nebius as it races to secure computing power for artificial intelligence development. The deal highlights growing demand for large-scale AI infrastructure.