Tag Archives: firm

Firm Inflation, Soft Jobs Data Pull Fed in Opposing Directions  The Wall Street JournalView Full Coverage on Google News Source link

Key Takeaways Opendoor Technologies names former Shopify CFO Kaz Nejatian to be new CEO. The online real estate platform also brought back Co-Founders Keith Rabois and Eric Wu as board members, with Rabois as Chair. Rabois’ venture capital firm and Wu are investing $40 million in the company. Opendoor Technologies (OPEN) shares soared 50% Thursday, a day after the online …

Louisville-based quantum computing firm Infleqtion has agreed to merge with Churchill Capital Corp. X, a special purpose acquisition company led by Michael Klein. The deal gives Infleqtion a pre-money value of $1.8 billion and is set to provide more than $540 million in cash. This pool includes about $416 million held in trust accounts and $125 million from a private …

Gold rallies to record high above $3,600/oz as Fed rate cut bets firm  Reuters Gold Climbs to Fresh Record After Bets on Fed Rate Cuts Surge  Yahoo Finance Gold prices surge past $3,600 per ounce. Is it too late to buy in now?  CBS News Gold pierces $3,600 mark as traders weigh Fed rate-cut bets  CNBC Gold price pokes to record peak on rising …

KEY TAKEAWAYS Dan Ives, the high-profile tech analyst at Wedbush Securities, is joining Eightco, which is planning to accumulate Worldcoin, the cryptocurrency co-founded by OpenAI CEO Sam Altman. Eightco said it is raising around $250 million from a private placement “to implement the first-of-its-kind Worldcoin treasury strategy.”  Eightco has also raised funds from BitMine, the ether accumulator helmed by Fundstrat’s Tom …

Nvidia (NASDAQ:NVDA) stock has been under pressure since the AI chip giant reported FQ2 results about 11 days ago, as the numbers left some investors disappointed. While growth remained strong, the pace appeared to be cooling when set against the massive leaps delivered in earlier quarters. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful …

Tesla’s Board of Directors has proposed a new pay package for company CEO Elon Musk that would result in $1 trillion in stock offerings if he is able to meet several lofty performance targets. Musk, who has not been meaningfully compensated since 2017, completed his last pay package by delivering billions in shareholder value through a variety of performance-based “tranches,” …

An Amazon-backed AI firm is looking to recreate the lost footage of a Hollywood masterpiece. The Hollywood Reporter published a detailed look at the efforts from the firm Showrunner to use generative artificial intelligence to reconstruct the missing 43 minutes — footage that was burned by studio execs — from the 1942 Orson Welles film The Magnificent Ambersons. Wrote the …

The NBA has hired New York-based law firm Wachtell, Lipton, Rosen & Katz to conduct an investigation into allegations that LA Clippers star Kawhi Leonard’s endorsement deal with a now-bankrupt environmental company was made to help his team and its billionaire owner, Steve Ballmer, circumvent the salary cap, a source with knowledge of the situation told The Athletic. The decision …

AI firm Anthropic reaches landmark $1.5B copyright deal with book authors  The Washington Post Anthropic tells US judge it will pay $1.5 billion to settle author class action  CNN Anthropic to pay $3,000 per book in $1.5 billion AI copyright settlement  Axios Anthropic Agrees to Pay $1.5 Billion to Settle Lawsuit With Book Authors  The New York Times Anthropic to pay authors $1.5B to …