3+ day, 15+ 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…...

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…...

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…...

2+ week, 5+ 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…...

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…...

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…...

2+ week, 4+ day ago   (393+ words) Stanley Druckenmiller, the billionaire investor who mentored Scott Bessent during their years together at George Soros’s fund in the 1990s, warned on August 25 that his former pupil is courting danger by trying to hold down America’s borrowing costs. The rebuke lands…...

2+ week, 4+ day ago   (355+ words) The 10-year Treasury yield held broadly flat on Wednesday after the Federal Reserve’s preferred inflation gauge came in largely as forecast, leaving the benchmark little changed from the prior session. The reading did nothing to shift market pricing for a…...

3+ week, 1+ day ago   (255+ words) The company stated the placement aims to “extend the company’s global AI leadership” and fund its “full-stack AI capabilities,” including the expansion and enhancement of its AI infrastructure. The share sale ranks among the largest recent equity raises by a…...