xAI Raises $10 Billion to Take on OpenAI
xAI Raises $10 Billion to Compete with OpenAI and Anthropic! Elon Musk’s AI startup, xAI, has secured $10 billion in debt and equity funding. The company secured $5 billion through debt financing and an additional $5 billion through strategic equity investments. This substantial funding will enable xAI to expand its AI infrastructure and accelerate the […]
Jefferson Capital IPO Targets $1.1B Valuation in US Listing
Jefferson Capital IPO Targets $1.1 Billion Valuation! Jefferson Capital plans to go public in the US. The company is aiming for a valuation of up to $1.1 billion. Private equity firm J.C. Flowers backs it. In the IPO, the company and some of its investors want to raise $170 million. They are offering 10 million […]
Morgan Stanley Markets $5 Billion for Musk’s xAI Funding
Morgan Stanley Markets $5 Billion for Elon Musk’s xAI! Morgan Stanley is working on a $5 billion debt deal for Elon Musk’s AI startup, xAI. The package includes bonds and two types of loans. One is a floating-rate term loan B, priced at 97 cents on the dollar. This loan has a variable rate of […]
Bitcoin Price Jumps Near $104K, But Bull Run Not Back Yet
Bitcoin Price Near $104K, But Risks Still High! The Bitcoin price has bounced back to close to $104,000 after falling overnight. But this may not mean things are turning around just yet. Earlier this week, the price dropped after forming a “head-and-shoulders” pattern. That pattern often signals a shift from a strong trend to a […]
US Stocks Rally Broadening Beyond Magnificent Seven Leaders
Big tech stocks are rising again. In 2023 and 2024, a small group of tech giants called the “Magnificent Seven” led the market. This year, people expected other stocks to catch up. The start of 2025 was rough for big tech. Then they bounced back. Microsoft, Meta, Apple, and others resumed their gains after April […]
US Banks Tiptoe Toward Crypto: Hoping for Full Approval From Regulators
Central US banks are gradually exploring ways to enter the cryptocurrency market. They’re holding quiet talks and considering small moves, such as pilot programs or partnerships. These steps are being taken carefully and are currently limited in scope. Many Wall Street giants had stayed away from crypto due to strict rules. But with some signs […]
Bitcoin Hits A New Record High, Jumps Past $111,000
Bitcoin hits a new record as the rally continues. On Thursday, its price exceeded $111,000 during early trading in London. Coin Metrics reported that Bitcoin reached $111,886.41 before pulling back slightly. By 11:31 a.m. in London, it was trading near $110,900.99. James Butterfill from CoinShares said the rise came from strong market momentum and more […]
Tesla Supplier CATL Soars 14% After Huge 2025 Listing
Tesla Supplier CATL Surges in Hong Kong Debut! Tesla Supplier CATL saw a strong start in its Hong Kong trading debut. The Chinese battery giant raised HK$35.7 billion ($4.6 billion), making it the biggest listing of 2025 so far. On Tuesday, its shares jumped 16% to HK$306.20, higher than its Shenzhen stock, which rose only […]
US Stock Futures Stay Flat After Strong Weekly Start, Trade in Focus
US stock futures didn’t move much on Wednesday, after a strong start to the week. A lower inflation reading and a pause in US-China trade tensions had helped uplift the market earlier. In early trading, the major indexes showed small changes. Dow futures went up 0.1%, the S&P 500 rose 0.04%, and the Nasdaq gained […]
Federal Reserve Holds Interest Rates Steady As New Tariffs Kick In
Analysts expect the Federal Reserve to keep interest rates the same. This move comes as new tariffs begin to take effect. Experts think the economy will stay bumpy until the second half of the year. The Fed’s interest rate is between 4.25% and 4.5%. It affects how much people pay for credit cards, cars, and […]