Nasa began the countdown on Monday for humanity’s first launch to the moon in 53 years. The 32-storey Space Launch System rocket is poised to blast-off on Wednesday evening with four astronauts. After a day in orbit around Earth, the Orion capsule will propel the astronauts to the moon and back. There are no stops – just a quick U-turn around the moon. The nearly 10-day flight will end with a spla...
Nasa began the countdown on Monday for humanity’s first launch to the moon in 53 years. The 32-storey Space Launch System rocket is poised to blast-off on Wednesday evening with four astronauts. After a day in orbit around Earth, the Orion capsule will propel the astronauts to the moon and back. There are no stops – just a quick U-turn around the moon. The nearly 10-day flight will end with a splashdown in the Pacific. Managers said the rocket is doing well following the latest round of repairs....
Xanadu Quantum Technologies defied a broad selloff in its trading debut, ending Friday’s session at $11.50, up 15% from its opening price. One would expect boundless enthusiasm on management’s part after a day like that, but CEO Christian Weedbrook is maintaining a “business as usual” approach as he focuses on the company’s long-term goals. Friday’s move represented an 18% jump from the stock’s pr...
Xanadu Quantum Technologies defied a broad selloff in its trading debut, ending Friday’s session at $11.50, up 15% from its opening price. One would expect boundless enthusiasm on management’s part after a day like that, but CEO Christian Weedbrook is maintaining a “business as usual” approach as he focuses on the company’s long-term goals. Friday’s move represented an 18% jump from the stock’s previous closing price, after Xanadu went public through a business combination with a publicly traded blank check company.
Meta's market cap is down about $280 billion this month, shares are down 17%. It could be the company's worst performance since October 2022. Mandeep Singh of Bloomberg Intelligence has more. (Source: Bloomberg)
Meta's market cap is down about $280 billion this month, shares are down 17%. It could be the company's worst performance since October 2022. Mandeep Singh of Bloomberg Intelligence has more. (Source: Bloomberg)
On Saturday, Tesla Inc. drew fresh attention after Gerber Kawasaki Wealth & Investment Management CEO Ross Gerber said he received an email saying production of the Model S and Model X is ending, calling the two vehicles the "best vehicles of all time." The note lands as Gerber has also been urging drivers to ditch gasoline amid California's price jump, a point he made while buy an EV and even sug...
On Saturday, Tesla Inc. drew fresh attention after Gerber Kawasaki Wealth & Investment Management CEO Ross Gerber said he received an email saying production of the Model S and Model X is ending, calling the two vehicles the "best vehicles of all time." The note lands as Gerber has also been urging drivers to ditch gasoline amid California's price jump, a point he made while buy an EV and even suggesting Rivian or Kia for shoppers who don't want a Tesla. In a post on X, Gerber said the move "sad
KPET Ultra Paceline ( KPET ) priced its ~20M IPO at $10 per unit to raise $200M, with each unit including 1 Class A share plus 1/6 of a redeemable warrant. Each warrant gives the holder the right to buy 1 Class A share at $11.50 per share, and after separation, the shares and warrants will trade on the NYSE as “KPET” and “KPET.WS,” respectively. The underwriter can buy up to 3M extra units at the ...
KPET Ultra Paceline ( KPET ) priced its ~20M IPO at $10 per unit to raise $200M, with each unit including 1 Class A share plus 1/6 of a redeemable warrant. Each warrant gives the holder the right to buy 1 Class A share at $11.50 per share, and after separation, the shares and warrants will trade on the NYSE as “KPET” and “KPET.WS,” respectively. The underwriter can buy up to 3M extra units at the IPO price within 45 days. More on KPET Ultra Paceline Corporation Financial information for KPET Ultra Paceline Corporation
Good morning . Trump ramps up threats targeting Iran’s energy and water sectors. Vale pivots to India as China’s shine fades. And OpenAI’s super-app ambitions for ChatGPT run into growing complaints. Listen to the day’s top stories . Market Snapshot US 10-Year Treasury Yield 4.35% -0.08 WTI Crude Oil Futures $102.88 +3.3% Air Canada $17.51 -2.2% Market data as of 05:25 PM ET. Data is subject to pr...
Good morning . Trump ramps up threats targeting Iran’s energy and water sectors. Vale pivots to India as China’s shine fades. And OpenAI’s super-app ambitions for ChatGPT run into growing complaints. Listen to the day’s top stories . Market Snapshot US 10-Year Treasury Yield 4.35% -0.08 WTI Crude Oil Futures $102.88 +3.3% Air Canada $17.51 -2.2% Market data as of 05:25 PM ET. Data is subject to provider delays. Donald Trump threatened further escalation of attacks on Iran, including critical civilian energy infrastructure if the Strait of Hormuz isn’t reopened soon. The president also said the US is in “serious” talks with what he called a new regime to end military operations. Iran’s parliament approved a bill to impose transit fees on the strait, Fars reported. Tehran is pushing Yemen’s Houthis to prepare for renewed attacks on Red Sea shipping should the war intensify, European officials said. Federal Reserve Chair Jerome Powell said longer-term inflation expectations are well anchored, but the central bank is monitoring them amid the Mideast conflict. US bonds rallied as traders abandoned bets on a Fed interest-rate hike, instead pricing in a possible cut as concerns grow that the war will deepen an economic slowdown. Air Canada CEO Quits After Furor Over Crash Condolence Video Read more Former HDFC Bank Chairman Atanu Chakraborty said he resigned earlier this month over ethical disagreements , particularly the bank’s handling of regulatory issues in Dubai. The lender was barred from adding new clients in the emirate after lapses flagged last September, but Chakraborty said calling them a “technical lapse” fell short of ethical standards. The bank’s shares have lost $21 billion in value since his exit. Bharti Airtel announced a $1 billion investment in its data center subsidiary Nxtra Data from Alpha Wave Global, Carlyle Group and Anchorage Capital. Airtel said the investment is aimed at spurring AI-data center expansion with Nxtra valued at $3.1 billion after t...
As tensions simmer along the Pakistan-Afghanistan frontier – fuelled by disputes over the contested Durand Line, recurring cross-border strikes and the persistent threat of Tehreek-i-Taliban Pakistan (TTP) fighters operating from Afghan soil – a subtle but consequential geopolitical shift is under way. India is quietly but steadily stepping up its engagement with the Taliban. The urgency of this r...
As tensions simmer along the Pakistan-Afghanistan frontier – fuelled by disputes over the contested Durand Line, recurring cross-border strikes and the persistent threat of Tehreek-i-Taliban Pakistan (TTP) fighters operating from Afghan soil – a subtle but consequential geopolitical shift is under way. India is quietly but steadily stepping up its engagement with the Taliban. The urgency of this recalibration was underscored on March 16, when Pakistani military forces carried out one of the...
A stock incentive plan can be a great motivator for executives, because if the goals are reached, it's a win-win for both management and investors. And Meta Platforms (NASDAQ: META) recently made headlines with a highly ambitious incentive plan that will see its top executives -- excluding Mark Zuckerberg -- max out their stock options if the company's valuation rises to more than $9 trillion by 2...
A stock incentive plan can be a great motivator for executives, because if the goals are reached, it's a win-win for both management and investors. And Meta Platforms (NASDAQ: META) recently made headlines with a highly ambitious incentive plan that will see its top executives -- excluding Mark Zuckerberg -- max out their stock options if the company's valuation rises to more than $9 trillion by 2031. To put that into perspective, a $9 trillion market cap would be more than double what Nvidia , the world's most valuable company in the world, is worth today. Just how likely is it that Meta's stock reaches that high a valuation? Image source: Getty Images. Continue reading
Two AH-64 Apache helicopters on training run maneuvered near hillside home of Trump-supporting musician The army has launched an administrative review after two AH-64 Apache helicopters on a training run hovered near the hillside home of Kid Rock as the outspoken supporter of Donald Trump saluted their crews. Kid Rock posted two videos on social media on Saturday. Each shows a helicopter hovering ...
Two AH-64 Apache helicopters on training run maneuvered near hillside home of Trump-supporting musician The army has launched an administrative review after two AH-64 Apache helicopters on a training run hovered near the hillside home of Kid Rock as the outspoken supporter of Donald Trump saluted their crews. Kid Rock posted two videos on social media on Saturday. Each shows a helicopter hovering alongside his swimming pool while the entertainer claps, salutes and raises his fist in the air. The Nashville skyline can be seen in the background. Continue reading...