Tag: financial news

Tesla’s board rescinds a $29 billion payout to Elon Musk amid a legal dispute over a larger $56 billion compensation plan awarded in 2018.

Footwear maker Allbirds pivots to AI services as NewBird AI, sparking a stock jump over 600% despite store closures and asset sales.

Intel’s shares soared, boosting its market capitalization by over $100 billion in nine days, marking its best weekly growth since 2020.

SoftBank has arranged a $40 billion interim loan to increase its investment in OpenAI and support broad corporate initiatives.

Anthropic aims to secure more than $60 billion through an IPO this October to fuel advancements in artificial intelligence.

SpaceX is preparing to submit its paperwork for an initial public offering in the United States this week, sources say.

Pavel Durov’s net worth shrinks significantly amid telecom market shifts, with Telegram’s valuation adjusted by Forbes following industry changes.

Nvidia posted record quarterly sales and an upbeat forecast, yet its stock dropped nearly 7% over the week following the earnings release.

SpaceX aims to join major stock indexes immediately after its IPO, engaging with index providers including Nasdaq.

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