OpenAI is laying the groundwork for a potential initial public offering that could value the company at around $1 trillion, according to recent reports from Reuters. The ChatGPT maker is considering filing with securities regulators as soon as the second half of 2026, with a possible listing in 2027, and has discussed raising at least […]
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Bitcoin miner turned AI infrastructure builder, Cipher Mining, has announced plans to offer $1.4 billion in senior secured notes to scale its data center expansion in Texas. According to a Nov. 4 press release, Cipher intends to raise the capital through a private offering of senior secured notes due 2030, issued by its wholly-owned subsidiary […]
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Bitcoin slipped back below $100,000 as traders booked profits and broader risk sentiment softened. In corporate news, Norway’s sovereign wealth fund is opposing Elon Musk’s $1T pay package at Tesla, setting up a closely watched shareholder vote. Adani Enterprises is gearing up for a major rights issue, while Ferrari topped expectations thanks to strong pricing […]
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The crypto market crash accelerated this week, with Bitcoin falling briefly below the important psychological point at $100,000. Most altcoins have plunged, with meme coins like Shiba Inu, Dogecoin, and Pepe being the top laggards. This crypto crash has led to a $700 billion wipeout, as the market capitalization of all tokens has moved from […]
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The United States saw major political, legal, and corporate developments on Thursday — from President Donald Trump’s international remarks and a sweeping drug pricing deal to a key federal court ruling and a crucial shareholder vote for Tesla. Here’s a summary of the day’s top stories in the US today. Trump signals potential India visit, […]
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A new analysis from Rystad Energy highlights Latin America’s strong position in the global oil market, forecasting that offshore production from Brazil, Guyana, and Suriname, alongside Argentina’s Vaca Muerta shale, will supply cost-competitive barrels through the end of the decade. Global liquids demand is expected to peak around the early 2030s at approximately 107 million […]
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The GBP/USD exchange rate remained in a tight range this week as investors focused on the recent statements by Jerome Powell and Andrew Bailey, and the recently released UK jobs numbers. It was trading at 1.3342 on Wednesday, down from the year-to-date high of 1.3790. Dovish Federal Reserve statements The GBP/USD exchange rate was under […]
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Argentina is anticipated to ease its foreign exchange policy following this month’s midterm elections, as analysts and investors warn that the peso’s current trading band may not last much longer. According to Reuters, the projected shift follows greater US financial support, which some fear may simply postpone further modifications to the troubled currency. US backing […]
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US stocks declined on Thursday as investors assessed a fresh wave of Big Tech earnings and the outcome of President Donald Trump’s meeting with Chinese President Xi Jinping. The Dow Jones Industrial Average fell 131 points, or 0.3%, while the S&P 500 slipped 0.6% and the Nasdaq Composite dropped 0.8%. Shares of megacap tech companies […]
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US stocks advanced Friday, lifted by strong earnings from major technology companies Amazon and Apple. The S&P 500 rose 0.7%, the Nasdaq Composite gained 1.5%, and the Dow Jones Industrial Average added 83 points, or 0.2%. Amazon shares surged more than 12% after the company reported a 20% jump in cloud revenue during the third […]
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