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Business

“Blackstone and Vista Equity Partners to acquire software maker Smartsheet for $8.4 billion”

“Blackstone and Vista Equity Partners will acquire Smartsheet in an $8.4 billion deal. The all-cash bid of $56.50 per share is about a 41% premium to the company’s unaffected average share price. The collaboration software maker went public in 2018… Continue Reading…

Business, Cryptocurrencies

“Former FTX executive jailed for participating in ‘biggest financial scam of all time’”

“A former top executive of fraudulent cryptocurrency empire FTX has been jailed for two years after apologising for her role in one of the biggest financial scams of all time… Ellison, who turned on Bankman-Fried and served as the case’s star witness,… Continue Reading…

Business

“…California sues ExxonMobil, alleging deception about plastics recycling”

“…“Exxon Mobil knew that 95% of the plastic in the blue bin was going to be incinerated, go into the environment or go into a landfill,” California Attorney General Rob Bonta said in an interview. “They knew and they lied.”… Continue Reading…

Business

“The potential investor upside of a Google breakup — if John Rockefeller is any guide”

“… John Rockefeller’s Standard Oil more than a century ago. The empire that controlled nearly all US oil production during America’s industrial revolution had to split into 34 smaller companies after the Supreme Court in 1911 sided with the Justice Department in an… Continue Reading…

Business

“UAE hoping to expand $1 trillion partnership with U.S. through AI, Investment”

“Emirati President Sheikh Mohammed bin Zayed Al Nahyan’s first official trip to the United States aims to push the United Arab Emirates-U.S. relationship to a new “geo-economic phase” centered on economic growth and innovation, top officials said ahead of a… Continue Reading…

Business, Economy

“Billionaire tech CEO says bosses shouldn’t ‘BS’ employees about the impact AI will have on jobs”

“Jim Kavanaugh, CEO of World Wide Technology, told CNBC that people are “too smart” to accept artificial intelligence won’t alter their work environment. Business leaders shouldn’t “BS” employees about the impact of AI on jobs, Kavanaugh said, adding that they… Continue Reading…

Business

“Intuitive Machines clinches $4.8 billion navigation services contract from NASA”

“Intuitive Machines (LUNR) said on Tuesday it has bagged a navigation and communication services contract of up to $4.82 billion from NASA for missions in the near space region. The group’s stock price was up over 50% in premarket trading… Continue Reading…

Banking, Business

“Apple is in talks with JPMorgan for bank to take over card from Goldman Sachs”

“Apple is in discussions with JPMorgan Chase for the bank to take over the tech giant’s flagship credit card program from Goldman Sachs, a person with knowledge of the negotiations said. The discussions are still early and could falter, and… Continue Reading…

Business

“Microsoft, BlackRock form group to raise $100 billion to invest in AI data centers and power”

“The Global Artificial Intelligence Infrastructure Investment Partnership is initially looking to raise $30 billion for new and existing data centers. The fundraising, which could total $100 billion, will also be used to invest in the energy infrastructure needed to power… Continue Reading…

Business

“GameStop millionaire makes huge bet on battered airline”

“…Vladimir Galkin was paying close attention to all that digital disruption during the meme stock madness. A Florida-based investor, Galkin partly built his fortune through GameStop shares during that time… Now Galkin, who cofounded and owns a majority stake in… Continue Reading…