Author: franperez66q@protonmail.com
Exclusive-SpaceX targets $1.75 trillion valuation in all-primary IPO next week, sources say Source link
Bitcoin on Tuesday fell below $70,000 for the first time since April amid deteriorating market sentiment.The price of the flagship cryptocurrency was last lower by more than 6% at $67,014.97, according to Coin Metrics. Earlier, it fell as low as $66,954.99, its lowest level since April 5. Ether declined by 4.7%, and stocks across the crypto sector were in the red as well. Strategy fell 9%, Galaxy lost 5.9% and Coinbase was down 4.7%.The moves began on Monday, when bitcoin and crypto stocks fell after bitcoin treasury pioneer Strategy reported it sold a small amount of the bitcoin it was…
Tourists sit on a bollard at the Sydney Opera House.Afp Contributor | Afp | Getty ImagesAustralia’s economy lost momentum in the first quarter, as subdued household spending, a pullback in government consumption and severe weather disruptions to mining and exports dampened momentum. The country’s GDP expanded 2.5% in the first three months this year, compared to a year earlier, shy of economists’ expectations for 2.6% growth and slowing from 2.6% growth in the prior quarter, data from the Australian Bureau of Statistics showed Wednesday. On a quarter-on-quarter basis, Australia’s GDP grew 0.3% compared with 0.5% forecast in a Reuters poll,…
Asia stocks rise past US-Iran jitters; Nikkei hits record high on stimulus cheer Source link
Microsoft’s Build developer conference kicked off today, and as with almost everything the company has done in the last few years, Microsoft’s opening keynote focused overwhelmingly on AI and other closely related technologies. There’s Microsoft Scout, an OpenClaw-based “Autopilot” agent that can hook into Microsoft 365 data to perform tasks for users; several new AI models; an expanded preview of “Codename MDASH,” which is a “multi-model agentic scanning system” meant to detect and fix software vulnerabilities. A few of those announcements stood out to us as particularly interesting, either for esoteric technical reasons or because they seem like they may…
People watch as the Doris Ocean container ship departs from the Port of Los Angeles on May 28, 2026 in Los Angeles, California. Mario Tama | Getty ImagesThe Office of the U.S. Trade Representative has proposed additional tariffs of up to 12.5% on imports from 60 economies over their failure to ban goods made with forced labor, in a sweeping action that would hurt most trading partners including China, the European Union and Japan. The determination, made under Section 301 of the Trade Act of 1974, found that all 60 countries have failed to impose or effectively enforce a prohibition…
Bayer says no plans to restructure despite litigation threat Source link
Alphabet bulls fought the down tape all day on Tuesday, taking the glass-half-full view of the company’s plans to sell a massive amount of stock to fund its artificial intelligence buildout. The cloud and search giant announced late Monday that it plans to raise $80 billion through a stock offering, including a $10 billion investment by Berkshire Hathaway . It’s the latest step in an aggressive effort by big tech companies to secure future funding for AI infrastructure. Alphabet said it intends to use the proceeds for “capital expenditures to scale AI infrastructure and global compute.” Selling stock to fund…
Iowa Democratic U.S. Senate candidates Josh Turek, left, and Zach Wahls.Getty ImagesState Rep. Josh Turek defeated Sen. Zach Wahls on Tuesday in Iowa’s Democratic Senate primary, the Associated Press projected. The primary was one of the party’s most closely watched races as Democrats to take back control of the Senate in this year’s midterm elections.Turek will now vie to become the first Democrat elected to the U.S. Senate in Iowa since Tom Harkin, who was last elected in 2008. He’ll square off against Rep. Ashley Hinson, a Republican who represents the state’s 2nd congressional district, to fill the seat Sen.…
Visitors walk by a large Chinese national flag painted on the side of a container at an outdoor market during the Golden Week holiday in Beijing, China, on Oct. 3, 2024.Kevin Frayer | Getty ImagesChina is making it harder for retail investors to steer money to U.S. stocks, ramping up a longer-term shift that steers domestic capital and companies toward Hong Kong. Beijing’s securities regulator recently tightened scrutiny on offshore brokerages, saying it will “resolutely crack down” on Tiger Brokers, Futu Holdings and Longbridge Securities over what it described as illegal cross-border securities operations. It’s the latest salvo in a years-long…