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News
Musk's Boring Company Raises $3 Billion, Reaching $23 Billion Valuation
3+ day, 19+ hour ago (349+ words) The Boring Company, Elon Musk’s tunneling venture, has raised $3 billion in a private funding round that lifts its valuation to $23 billion, according to disclosures reported on September 10. The round drew backing from the United Arab Emirates, marking a deeper push…...
Oil Surges Toward $100 After Fresh US-Iran Strikes Rattle Markets
1+ week, 1+ day ago (353+ words) Crude prices jumped sharply on Sunday after renewed US-Israeli strikes on Iran drove traders back into energy markets, pushing benchmarks toward the $100 threshold last breached earlier in the conflict. The move extended a rally that has reshaped winners and losers…...
Micron Holds Third-Lowest Valuation in S&P 500 Despite AI Rally Lead
1+ week, 1+ day ago (336+ words) Micron Technology ranks as one of the cheapest stocks in the S&P 500 by valuation, trading at the third-lowest multiple in the index even after leading much of the market’s artificial-intelligence rally. The gap reflects lingering doubts about a company…...
American Airlines Adds Flagship Suites to Boeing 777 Jets for Long-Haul Flights
1+ week, 2+ day ago (372+ words) American Airlines is installing its most premium seating on its largest wide-body aircraft, extending a multi-year push into upscale travel that the carrier confirmed on September 2. The redesigned Boeing 777 jets will carry the airline’s new Flagship Suite cabins on its…...
Anthropic Nears $15 Billion Pre-IPO Loan, Taps Morgan Stanley for Listing
1+ week, 2+ day ago (369+ words) San Francisco-based artificial intelligence firm Anthropic is close to finalizing a $15 billion pre-IPO credit facility, according to reporting published this week, as the company advances plans for a public listing that could arrive as soon as mid-October. The credit line…...
US Strikes Iran Again, Sending Dow Down 400 Points and Oil Surging
1+ week, 5+ day ago (305+ words) US airstrikes hit Iranian targets on Tuesday, a fresh escalation that ended hopes the weekend’s exchange of fire would not widen into a renewed conflict. The strikes followed the first direct attacks between the two countries since July. Financial markets…...
Aon Nears $17 Billion Deal for KKR-Backed Broker USI Insurance
2+ week, 9+ hour ago (278+ words) USI Insurance is currently backed by private equity firm KKR, which took a majority stake in the company in 2017. A completed sale at the reported valuation would give KKR and other investors an exit from a business that has expanded…...
Okta Jumps 20%, CrowdStrike Surges 15% as AI Fuels Cyber Spending
2+ week, 1+ day ago (374+ words) Okta shares climbed roughly 20% and CrowdStrike advanced about 15% on August 27, leading a broad cybersecurity rally after both companies posted quarterly earnings that beat expectations and lifted technology stocks heading into the new trading session. The gains came as customers accelerate…...
Bank of America Says Buy Affirm Despite Modest Growth Guidance
2+ week, 1+ day ago (356+ words) Affirm Holdings drew a fresh vote of confidence from Bank of America on Thursday, with analysts arguing the buy now, pay later lender could climb even after issuing only a slight upgrade to its near-term growth outlook. The endorsement followed…...
CFTC Fines Ex-White House Teleprompter Operator $65,000 for Trading on Trump Speeches
2+ week, 2+ day ago (311+ words) A former White House teleprompter operator has agreed to forfeit more than $100,000 in trading profits and pay a $65,000 civil penalty over bets placed on the words President Donald Trump would use in speeches, the Commodity Futures Trading Commission announced on…...