SpaceX’s historic IPO plans: Billions in losses and Musk’s massive ownership
SpaceX filed for an IPO and plans to list on Nasdaq under ticker SPCX, according to its SEC prospectus.
Intuit plans to cut workforce by about 17% as tax software maker reckons with slowing growth
Intuit’s stock has been hammered this year as investors worry that generative artificial intelligence models could threaten software companies.
UAE says new pipeline that will bypass Strait of Hormuz is nearly 50% complete
The UAE has redirected some oil exports through an existing pipeline to Fujairah, which has a maximum capacity of 1.8 million barrels per day.
UAE says new pipeline that will bypass Strait of Hormuz is nearly 50% complete
The UAE has redirected some oil exports through an existing pipeline to Fujairah, which has a maximum capacity of 1.8 million barrels per day.
Fed officials see rate hike ahead if inflation stays elevated, minutes show
A majority of officials anticipated that interest rate increases would be necessary if the Iran war continued to aggravate inflation.
Zuckerberg’s Meta layoffs memo: ‘Success isn’t a given’ in the AI era
Meta on Wednesday commenced its latest round of layoffs, which affect about 10% of the company’s workforce or roughly 8,000 jobs.
OpenAI to confidentially file for IPO as soon as Friday: Source
OpenAI is working with banks including Goldman Sachs and Morgan Stanley.
Short sellers see opportunity as chip stocks rally breaks, bears hold firm into Nvidia earnings
Despite a pullback across semi shares in recent sessions, traders betting against some of the industry’s biggest names have shown little sign of retreating.
Jeff Bezos says bottom half of earners should pay zero in income taxes
Amazon Executive Chairman Jeff Bezos on Wednesday called for zero federal income taxes on the bottom half of earners.
Crypto companies are trying to leave the hype cycle for a more disciplined phase, earnings show
Crypto companies spent years monetizing volatility. Now they’re trying to survive without it.
