SpaceX Shares Fall Below $140, Hitting New Post-IPO Low
SpaceX shares fell below $140 for the first time since the company's IPO, reaching a new post-listing low after giving up most of their early trading gains.
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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.
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.
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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.
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.
Central Banks Double Gold Purchases as Poland and China Lead Buying
Central banks more than doubled their net gold purchases in May, led by Poland and China, as official institutions continued to increase their exposure to the precious metal.
Michael Burry Bets Against AI Chip Rally, Shorts Micron, Nvidia and SOXX
Michael Burry has expanded his bearish bets against the AI semiconductor sector, shorting Micron, Nvidia, Applied Materials, and the iShares Semiconductor ETF while warning that valuations resemble the dot-com bubble.
Alibaba Bans Anthropic’s Claude Code for Internal Use
Alibaba has banned employees from using Anthropic's Claude Code, directing developers to use its in-house AI coding platform after concerns over user identification features.