Stripe-Backed Tempo Raises $500M at $5B Valuation in Stablecoin Push
Tempo, a Stripe-backed blockchain startup focused on stablecoin payments, raised $500 million in a Series A round led by Thrive Capital and Greenoaks, valuing the firm...
Business - Page 32
Explore the latest developments shaping global business, from corporate giants to fast-growing startups. Our Business section delivers in-depth coverage of mergers and acquisitions, regulation and policy shifts, breakthrough technologies, and venture capital trends. Get timely updates, analysis and context on how companies innovate, compete and expand in a rapidly changing economy. Designed for professionals, investors and curious readers alike, this is your go-to source for understanding the forces that drive business decisions worldwide.
Latest Business News
Bank of England Says Stablecoin Limits Are Temporary, Seeks Balanced Regulation
The Bank of England clarified that planned caps on stablecoin holdings and transaction sizes are a temporary measure, intended to preserve financial stability while monitoring adoption.
Broadcom Shares Surge After OpenAI Partnership for Custom AI Chips
Broadcom stock jumped after OpenAI announced a partnership to co-develop 10 gigawatts of custom AI accelerators, expanding the chipmaker’s foothold in next-generation data infrastructure.
Citigroup Sees Up to $20 Billion in India IPOs Over Next Year
Citigroup projects that Indian companies could raise as much as $20 billion via IPOs in the coming year, signaling strong momentum in equity capital markets.
Barry Silbert’s Yuma Launches AI-Crypto Asset Manager with $10M DCG Seed
Barry Silbert is launching Yuma Asset Management, backed by $10 million from DCG, to invest in AI-crypto infrastructure via Bittensor subnet tokens.
Polymarket Founder Becomes World’s Youngest Self-Made Billionaire After ICE Deal
Shayne Coplan becomes the youngest self-made billionaire after ICE, the New York Stock Exchange parent, invests $2 billion in Polymarket.
Nvidia Commits Up to $2B to Finance xAI’s Chip Needs in $20B Round
Nvidia will invest as much as $2 billion in xAI’s $20 billion funding round, backing the startup’s purchase and rental of its own GPUs.
Berkshire Hathaway Buys Occidental’s OxyChem for $9.7B in Major Cash Deal
Berkshire Hathaway agreed to acquire Occidental Petroleum’s OxyChem division for $9.7 billion in cash, marking Warren Buffett’s largest purchase since 2022.
U.S. to Impose 100% Tariff on Branded Drugs Unless Firms Build Plants
President Trump says a 100% tariff will apply to branded pharmaceutical imports from Oct. 1, unless the companies have begun building manufacturing plants in the U.S.
Huawei Unveils Three-Year Plan to Challenge Nvidia in AI Chips
Huawei has detailed a three-year campaign aimed at narrowing the technological gap with Nvidia, relying on scale, national strategy and integrated infrastructure rather than raw silicon...
Nvidia CEO Jensen Huang Disappointed as China Bans Its AI Chips
China has ordered major tech firms to stop buying Nvidia’s RTX Pro 6000D chips, prompting CEO Jensen Huang to express disappointment and highlight growing geopolitical risk.
Microsoft, Google and Other Tech Giants to Pledge Over $40 Billion in UK AI Investments
Major U.S. tech firms including Microsoft, Nvidia, Google and OpenAI have committed approximately £31 billion (about $40 billion) toward UK AI infrastructure, signaling a major boost...