Donald Trump’s foray into cryptocurrency has drawn criticism as retail investors face significant losses. Trump launched a memecoin, $TRUMP, in January through CIC Digital LLC and Fight Fight […]
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Meta Acquires Scale AI for $14.3 Billion, CEO Wang Joins the Company
Meta has finalized a $14.3 billion acquisition of Scale AI, valuing the company at $29 billion. Alexandr Wang, Scale AI’s CEO, will join Meta to play a significant […]
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Oracle Stock Reaches New Highs Amid Cloud Growth
Oracle Corporation’s stock surged to an all-time high following robust quarterly results and a positive sales outlook, driven by its cloud infrastructure segment. Analysts noted that the company […]
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Chime Financial’s Successful IPO Debut
Chime Financial experienced a significant increase in its stock price during its market debut on Thursday, reflecting the growing strength of the U.S. IPO market. Shares rose by […]
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Meta Invests Significantly in Scale AI as CEO Alexandr Wang Steps Down
Meta has made a significant investment in data-labeling company Scale AI, valuing it at $29 billion. As part of the deal, Scale AI’s co-founder and CEO, Alexandr Wang, […]
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Warner Bros. Discovery to Shut Down HBO Family and Cinemax Multiplex Channels
Warner Bros. Discovery (WBD) has announced plans to shut down several multiplex channels, including HBO Family and Cinemax’s ThrillerMax, MovieMax, and OuterMax, effective August 15. This decision is […]
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JetZero’s Ambitious Plan to Revolutionize Air Travel
JetZero Inc., a California-based startup, plans to construct its first manufacturing plant for a next-generation passenger jet in Greensboro, North Carolina. The project is expected to create over […]
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Oracle Stock Surges After Strong Q4 Results, Boosting Larry Ellison’s Net Worth
Oracle Corporation’s (ORCL) stock reached an all-time high after its fiscal fourth-quarter results surpassed analysts’ expectations. The shares surged over 13%, closing at $199.86, marking a record high […]
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Chime Prices IPO Above Range, Valuing It at $11.6 Billion
Chime priced its IPO at $27 per share, valuing the fintech company at approximately $11.6 billion ahead of its Nasdaq debut. The stock is set to start trading […]
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Meta Invests $14.3 Billion in Scale AI to Develop Superintelligence Lab
Meta has announced a significant investment of $14.3 billion in Scale AI, a startup focused on artificial intelligence technologies. This investment values Scale AI at approximately $29 billion. […]