Naveen Rao, ex-Databricks AI head, is raising $1 billion for Unconventional, Inc., a startup aiming to redefine computing and challenge Nvidia. With significant backing and an innovative vision, Rao is set to revolutionize AI.
In a surprising move during the government shutdown, the Trump administration has halted $2.1 billion in Chicago infrastructure projects, including key transit upgrades, citing concerns over race-based contracting. What does this mean for the city's future?
First Brands Group Holdings has filed for Chapter 11 bankruptcy following weeks of financial distress. A creditor group is set to provide $1.1 billion to sustain operations amidst concerns over its financing practices.
Singapore's pharmaceutical companies are anxious about new U.S. tariffs on branded drugs. Deputy PM Gan Kim Yong seeks clarity on tariff exemptions as firms plan U.S. expansions. Can they remain competitive?
Starbucks announces a significant shift with plans to close 1% of its North American stores and lay off 900 employees as part of a $1 billion restructuring. This move reflects changing consumer habits and increasing competition in the coffee market.
Crypto infrastructure startup Zerohash has raised $104 million in a Series D funding round led by Interactive Brokers, gaining support from major financial firms like Morgan Stanley and SoFi. The company aims to accelerate blockchain technology adoption.
Tesla shares soared 3.6% on news that CEO Elon Musk bought $1 billion worth of stock, signaling confidence amidst challenges. With 25 recent purchases, Musk's commitment to Tesla is clear.
Robinhood Markets is officially joining the S&P 500, marking its transition from a pandemic trading app to a significant player in U.S. finance. This inclusion is expected to boost stock demand and reflects the company's growing credibility among institutional investors.
The Powerball jackpot has soared to an incredible $1.1 billion for this Labor Day, with the cash option at $498.4 million. As America awaits a winner, nine tickets have already won $1 million each. Don't miss your chance to play!
This summer, the Premier League saw a staggering £3.11 billion spent on 155 player transfers. Dive into our ranking of the summer's best and worst signings, revealing potential stars and those who may flop.