News

KKR Spectris Acquisition: KKR Wins $6.5B Bid Over Advent
Business
Thomena Islam

KKR Spectris Acquisition: KKR Wins $6.5B Bid Over Advent

The Spectris board has pulled its support for Advent’s offer after a new bid from KKR. The U.S. investment firm has raised its offer to 40 pounds per share, including cash and dividends. This latest bid values Spectris at 4.7 billion pounds ($6.46 billion), including debt. This increase comes after

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xAI Raises $10 Billion to Take on OpenAI
Finance & Economics
Thomena Islam

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

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Google Fusion Venture with MIT Spinoff Commonwealth
Business
Thomena Islam

Google Fusion Venture with MIT Spinoff Commonwealth

Google Partners with Commonwealth Fusion Systems! Google has announced a new partnership with Commonwealth Fusion Systems (CFS), a company spun out of MIT. This is Google’s first step into the world of fusion energy. Under the agreement, Google will buy 200 megawatts of fusion power from CFS’s ARC plant in

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Amazon Nuclear Power Deal to Fuel AI and Cloud With 1,920 MW
Technology
Thomena Islam

Amazon Nuclear Power Deal to Fuel AI and Cloud With 1,920 MW

Amazon nuclear power deal backs AI and cloud growth! Amazon has signed a major energy deal with Talen Energy. This agreement will supply up to 1,920 MW of carbon-free electricity to Amazon. The energy will power Amazon Web Services (AWS) data centers. A big part of this energy will support

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Jefferson Capital IPO Targets $1.1B Valuation in US Listing
Finance & Economics
Thomena Islam

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.

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https://en.wikipedia.org/wiki/Mark_Zuckerberg
Business
Thomena Islam

Meta Superintelligence Investment: $15B to Build Smarter AI

Meta is planning a $15 billion deal to grow its AI efforts. The company may buy a 49% stake in Scale AI, a startup run by Alexandr Wang and Lucy Guo. Mark Zuckerberg is leading the push. Experts say this shows he’s acting like a “wartime CEO,” making fast, bold

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Morgan Stanley Markets $5 Billion for Musk's xAI Funding
Finance & Economics
Thomena Islam

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

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Qualcomm to Buy Alphawave IP in $2.4B Deal to Boost AI Tech
Business
Thomena Islam

Qualcomm to Buy Alphawave IP in $2.4B Deal to Boost AI Tech

Qualcomm is buying Alphawave for $2.4 billion. It offered 183 pence for each Alphawave share. This represents a 96% increase over the shares’ value on March 31. After the news, Alphawave’s stock rose over 22%. Qualcomm’s shares also went up by 4%. Alphawave makes chip technology used in data centres.

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Meta Plans Deal That May Exceed $10 Billion to Scale AI Investment
Technology
Thomena Islam

Meta Plans Deal That May Exceed $10 Billion to Scale AI Investment

Meta is reportedly planning to make a significant investment in Scale AI. The deal could cross $10 billion, according to a report by Bloomberg. If finalized, this would be Meta’s most significant external AI investment to date. It would also rank among the largest private company funding deals ever. Scale

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Bitcoin Price Jumps Near $104K, but Bull Run Not Back Yet
Finance & Economics
Thomena Islam

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

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North Carolina Data Centers Get A $10B Amazon Investment for AI
Technology
Thomena Islam

North Carolina Data Centers Get A $10B Amazon Investment for AI

Amazon is investing $10 billion to build new data centres in North Carolina. These centers will support the company’s growing use of artificial intelligence. The company shared this update on Wednesday. It will spend up to $100 billion this year on big projects. Most of that will go toward AI

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Viper Energy to Acquire Sitio Royalties in $4.1B Stock Deal
Business
Thomena Islam

Viper Energy to Acquire Sitio Royalties in $4.1B Stock Deal

Viper Energy to acquire Sitio Royalties in an all-stock deal worth $4.1 billion. The deal also includes Sitio’s debt of about $1.1 billion as of March 2025. Sitio Royalties acquires oil and gas rights in high-activity U.S. oil regions. By March 2025, it had acquired approximately 34,300 net royalty acres

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AI Licensing Rights: Universal, Warner, Sony in Talks Over Music
Culture
Thomena Islam

AI Licensing Rights: Universal, Warner, Sony in Talks Over Music

Universal Music Group, Sony Music, and Warner Music are now in talks with two AI music platforms—Suno and Udio. These platforms are known for creating full songs from text prompts. Users just type what they want, and the tool generates complete audio tracks. The music companies want Suno and Udio

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Hailey Bieber’s ‘Glazed Donut’ Brings Elf a $1 Billion Win
Business
Thomena Islam

Hailey Bieber’s ‘Glazed Donut’ Brings Elf a $1 Billion Win

Hailey Bieber’s ‘Glazed Donut’ look just got a billion-dollar boost. Elf Beauty is buying her skincare brand, Rhode, for $1 billion. That’s a big move. Rhode is famous for its smooth, shiny skin look. People call it the “Glazed Donut” effect. The brand grew fast by keeping things simple and

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Microsoft to Invest $400 Million to Boost AI, Cloud in Switzerland
Technology
Thomena Islam

Microsoft to Invest $400 Million to Boost AI, Cloud in Switzerland

Microsoft to invest $400 million in Switzerland to grow its AI and cloud services. The company shared this news on Monday. The update came after a meeting in Bern between Swiss Economy Minister Guy Parmelin and Microsoft Vice Chair Brad Smith. Microsoft has 1,000 employees in Switzerland. It didn’t say

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US Stocks Rally Broadening Beyond Magnificent Seven Leaders
Finance & Economics
Thomena Islam

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

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AI Chipmaker Nvidia Earns $44.1B as Revenue Jumps 69%
Technology
Thomena Islam

AI Chipmaker Nvidia Earns $44.1B as Revenue Jumps 69%

AI Chipmaker Nvidia Reports Strong Growth Despite China Chip Ban! Nvidia’s business has faced major changes due to recent U.S. government actions. Last month, the government blocked it from selling AI chips to China. A few weeks later, it allowed sales of similar chips to the Middle East. Even with

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US Banks Tiptoe Toward Crypto: Hoping for Full Approval From Regulators
Finance & Economics
Thomena Islam

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

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Salesforce $8 Billion Informatica Acquisition Nears Completion
Business
Thomena Islam

Salesforce $8 Billion Informatica Acquisition Nears Completion

Salesforce is nearing the acquisition of Informatica in a deal valued at approximately $8 billion. The Wall Street Journal shared this update. The cloud software company is expected to pay $25 per share. The announcement may come soon. This move marks a significant step in Salesforce’s $8 billion acquisition of

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Mission: Impossible and Lilo & Stitch Earn $500M at Box Office
Entertainment
Thomena Islam

Mission: Impossible and Lilo & Stitch Earn $500M at Box Office

Mission: Impossible and Lilo & Stitch Break Box Office Records! The live-action Lilo & Stitch remake and Mission: Impossible—The Final Reckoning had massive weekend box office success. Together, they earned $494.2 million worldwide, of which $208.5 million came from theaters in the U.S. and Canada. Lilo & Stitch alone brought

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Sergey Brin Donates $700M: But No One Knows Who Got It
Technology
Thomena Islam

Sergey Brin Donates $700M: But No One Knows Who Got It

Google co-founder Sergey Brin has made a significant move again. Sergey Brin donates $700M of Alphabet stock,  but no one knows where it went. He transferred around 4.1 million shares of Alphabet, split between Class A and Class C stock. The information came from a recent SEC filing, but the

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Bitcoin Hits A New Record High, Jumps Past $111,000
Finance & Economics
Thomena Islam

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

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10 Richest Americans Gained $365B
Business
Thomena Islam

10 Richest Americans Gained $365B, Now May Get Big Tax Break

The 10 richest Americans gained $365 billion over the past year, says a new report by Oxfam. This happened even after a short scare in the market. These billionaires made about $1 billion every single day. The average American worker earned just over $50,000 in 2023. Oxfam says it would

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Tesla Supplier CATL Soars 14% After Huge 2025 Listing
Finance & Economics
Thomena Islam

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

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Microsoft Offers to Sell Office Without Teams in the EU
Technology
Thomena Islam

Microsoft Offers to Sell Office Without Teams in the EU

Microsoft offers to sell Office without Teams to meet EU rules. This decision comes after pressure from European regulators over fair competition. The European Commission said Microsoft bundled Teams with tools like Word and Outlook. This raised concerns for other software companies trying to compete in the market. To fix

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Dick’s Sporting Goods is Buying Foot Locker for $2.4B
Business
Thomena Islam

Dick’s Sporting Goods is Buying Foot Locker for $2.4B

Dick’s Sporting Goods is buying Foot Locker for $2.4 billion. Both companies shared the news on Thursday. This is the second big footwear deal this month, following the recent Skechers buyout. U.S. retailers are making bold moves to face weak demand and challenging market conditions. Foot Locker’s stock jumped 75%

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Databricks is Buying Neon in a $1B Deal to Improve Data Tools
Business
Thomena Islam

Databricks is Buying Neon in a $1B Deal to Improve Data Tools

Databricks is buying Neon for $1 billion! Databricks announced on Wednesday that it is buying Neon, a cloud database startup, for about $1 billion. This isn’t Databricks’ first big buy. Last year, it bought MosaicML, a company that trains AI models, for $1.3 billion. It also bought Tabular, which helps

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Realta Fusion Raises $36M to Build Bottle-Sized Reactor
Technology
Thomena Islam

Realta Fusion Raises $36M to Build Bottle-Sized Reactor

Realta Fusion just raised $36 million to move closer to building its fusion prototype, Anvil. While some fusion startups are slowing down, Realta Fusion is pushing forward. This funding round aims to finalize the design for Anvil and get ready to build. Kieran Furlong, CEO and co-founder of Realta Fusion,

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US and China Cut Tariffs for 90 Days in New Deal
Business
Thomena Islam

US and China Cut Tariffs for 90 Days in New Deal

The US and China have agreed to reduce import tariffs for 90 days. Tariffs are the taxes both countries impose on each other’s goods. Scott Bessent, the US Treasury Secretary, shared the update. He confirmed that both sides will cut their tariffs by 115% during this period.   Why Does

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Switch 2 Consoles: Nintendo Plans to Sell 15 Million At Launch
Technology
Thomena Islam

Switch 2 Consoles: Nintendo Plans to Sell 15 Million At Launch

Nintendo plans to sell 15 million Switch 2 consoles by March 2026. This is the company’s first official forecast since revealing its new console.  The Switch 2 will hit stores in June and start at $449.99 in the U.S. It has better features than the original Switch. In the last

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Met Gala Raises the Bar With Record $31M Fundraising Total
Entertainment
Thomena Islam

Met Gala Raises the Bar With Record $31M Fundraising Total

The Met Gala raised the bar with $31 million in donations. It just hit a new record. This year, it raised $31 million, the most money it has ever made. The event happens every May at the Metropolitan Museum of Art. It’s known for big stars, fancy outfits, and flashing

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Federal Reserve Holds Interest Rates Steady As New Tariffs Kick In
Finance & Economics
Thomena Islam

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

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DoorDash to Buy Deliveroo in $3.9B Deal to Expand in the UK
Technology
Thomena Islam

DoorDash to Buy Deliveroo in $3.9B Deal to Expand in the UK

DoorDash has decided to buy Deliveroo, a food delivery company in the UK. The deal is worth about $3.9 billion (2.9 billion pounds). This will help DoorDash grow in Europe. Deliveroo’s shareholders will receive 180 pence per share, 44% more than the stock price on April 4, when DoorDash made

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Billionaires and CEOs Meet in LA
Business
Thomena Islam

Billionaires and CEOs Meet in LA as City Faces Tough Times

Los Angeles is facing some tough problems. The city struggles with climate, housing, and political tension. On top of that, tariffs and deportations may bring even more trouble. Yet, this week, the city is hosting a major event: the Milken Institute Global Conference. Billionaires and CEOs are the center point

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Met Gala Spotlights Black Dandyism on Global Stage
Culture
Thomena Islam

Met Gala Spotlights Black Dandyism on Global Stage

Black dandyism is finally getting attention at the Met Gala. This bold and stylish look is now in the spotlight. Janelle Monáe is part of the host team. She is helping lead this moment. She’s made dandy fashion part of her identity and uses this moment to honor her roots.

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Sinners Hits $161M Worldwide: A Best Picture Contender?
Movies
Thomena Islam

Sinners Hits $161M Worldwide: A Best Picture Contender?

Ryan Coogler’s new horror film Sinners is making history at the box office. This weekend, it pulled off one of the strongest second-week performances ever. It made $45 million in the U.S. during its second weekend. That’s just a tiny 6% drop from its $48 million opening. However, Sinners has

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