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OpenAI Reshuffles Leadership, COO Brad Lightcap Moves to Special Projects
OpenAI is reassigning Chief Operating Officer Brad Lightcap to a special projects role. Lightcap will report directly to CEO Sam Altman. The company has...
Amazon tightens discount rules, fighting lawsuits over deceptive Prime Day pricing
Amazon is tightening price markdown rules for third-party sellers to eliminate misleading discounts before Prime Day. Sellers must now provide evidence for a...
Tesla Ends Model S and X Production, Pivoting to Robotics and Cybercab
Tesla ended production of the Model S and Model X vehicles. CEO Elon Musk confirmed the company no longer accepts custom orders for these models. Tesla will...
Tower Semiconductor hits $22B market cap, fueled by AI chip demand
Tower Semiconductor’s market capitalization exceeded $22 billion following a recent stock surge. This valuation marks a dramatic turnaround from four years ago...
Huawei secures bulk AI chip orders, fueling China’s next-gen DeepSeek model
Alibaba, ByteDance, and Tencent have placed bulk orders for Huawei’s new Ascend 950PR artificial intelligence chip. These orders reportedly total hundreds of...
CFTC Sues Three States to Assert Sole Authority Over Prediction Markets
The U.S. Commodity Futures Trading Commission (CFTC) and Department of Justice filed lawsuits against Arizona, Connecticut, and Illinois. These federal...
Iranian strikes cripple Gulf aluminum smelters, driving prices to 4-year highs
Iranian drone and missile strikes caused significant damage to Emirates Global Aluminium in Abu Dhabi and Aluminium Bahrain (Alba). The affected region...
NYSE and Nasdaq Prep 24/7 Trading, Meeting Global Tokenized Stock Demand
Overseas investors are trading tokenized versions of major U.S. stocks to access markets 24/7. Platforms like Kraken and Dinari offer these digital assets,...
KKR Closes Record $23 Billion North American Fund, Defying Industry Slump
KKR & Co. closed its KKR North America Fund XIV at approximately $23 billion. This vehicle represents the largest private equity fund ever raised to focus...
Trump Imposes 100% Pharma Tariffs and Fires Attorney General, Seeking Lower Prices
The Trump administration announced tariffs of up to 100% on imported branded drugs and active ingredients. This policy aims to pressure pharmaceutical...
Monte Paschi faces Mediobanca merger risks, following CEO ousting
Former Monte dei Paschi di Siena (MPS) CEO Luigi Lovaglio warns that leadership changes jeopardize the Mediobanca integration. The MPS board stripped Lovaglio...
US Lawmakers Propose MATCH Act, Tightening China Chip Tool Export Rules
Bipartisan U.S. lawmakers introduced the MATCH Act to tighten export controls on semiconductor manufacturing equipment sold to China. The bill specifically...
Quiet Holiday Close; Tesla, Nike Under Pressure
Global markets were mixed with US markets closed for the Good Friday holiday. US futures edged slightly lower, signaling a cautious start to next week, while...
Blackstone buys $3.8 billion Rowan stake, betting on AI infrastructure
Blackstone agreed to acquire a 49% stake in data center developer Rowan Digital Infrastructure. The transaction values Rowan at approximately $3.8 billion,...
Amazon Ordered to Bargain With Staten Island Union, Retailer Vows Appeal
The U.S. National Labor Relations Board (NLRB) ordered Amazon to recognize and negotiate with the Amazon Labor Union (ALU). This union represents approximately...
Tesla and US robot makers tap China for parts, seeking lower costs
Tesla and other U.S. humanoid robot developers are sourcing motors, actuators, and sensors from China. [2, 4, 15] This growing reliance has created an Optimus...
Microsoft to invest $10B in Japan, targeting AI and data sovereignty
Microsoft will invest approximately $10 billion in Japan through 2029. This capital will expand data centers and artificial intelligence infrastructure to meet...
Anthropic acquires Coefficient Bio for $400M, targeting the life sciences sector
Anthropic acquired stealth startup Coefficient Bio in an all-stock deal valued at over $400 million. This transaction represents Anthropic’s largest...
Take-Two Interactive Lays Off AI Team, Contradicting CEO's Public Stance
Take-Two Interactive has laid off an undisclosed number of employees from its artificial intelligence division, including the team's leader, Luke Dicken. The...
US data centers stall on equipment shortages, sparking surge in Chinese imports
US AI and data center expansion faces significant delays due to severe shortages of transformers and switchgear. Nearly 50% of data centers planned for this...