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Nvidia-backed Nscale valued at $14.6B in fresh funding round
Nscale, supported by Nvidia, raised $2 billion in a Series C round, reaching a $14.6 billion valuation. The British AI firm plans to expand data-center capacity.
Oil prices hit highest since 2022 at more than $119 a barrel on Iran war
Oil prices hit over $119 per barrel, the highest since 2022, driven by supply cuts from major producers and tensions from the U.S.-Israeli war with Iran.
GE Aerospace to invest $1 billion to boost US engine production
GE Aerospace will invest $1 billion in 2024 to expand US engine manufacturing and supplier capacity, creating 5,000 new jobs amid strong demand for jet engines.
Iran war sends US crude futures up 12% a barrel
US crude oil futures surged more than 12% following Iran conflict and Strait of Hormuz closure, disrupting Middle East oil exports and tightening global supply.
Boeing close to 500-jet order ahead of Trump-Xi summit, Bloomberg News reports
Boeing is close to securing a 500-aircraft order for 737 Max jets ahead of the Trump-Xi summit in Beijing, with talks ongoing for additional widebody sales.
Robinhood’s $658M private markets fund for retail investors goes public
March 6 (Reuters) – Robinhood debuted its flagship $658.4 million venture fund on the New York Stock Exchange on Friday, offering retail investors a rare chance to invest in high-profile, privately held technology companies. Private company investments have long been the playground of Silicon Valley’s biggest venture[...]
BlackRock limits withdrawals as redemptions rattle private credit fund
BlackRock restricts withdrawals from its $26 billion HPS Corporate Lending Fund due to $1.2 billion in redemption requests amid investor concerns in private credit.
US customs agency says tariff refund system will be ready in 45 days
The U.S. Customs and Border Protection will implement a system to refund $166 billion in tariffs within 45 days, following the Supreme Court ruling.
US collected $166B under IEEPA duties, customs agency says
The U.S. Customs and Border Protection collected about $166 billion in duties under emergency tariffs imposed by President Trump, later struck down by the Supreme Court.
24 states, including Virginia, announce lawsuit to stop Trump’s latest global tariffs
A coalition of 24 US states filed a lawsuit challenging President Trump's new 10% global tariffs, arguing they exceed legal authority under the Trade Act of 1974.
Oracle plans thousands of job cuts as data center costs rise, Bloomberg News reports
March 5 (Reuters) – Enterprise software company Oracle is planning thousands of job cuts as it faces a cash crunch from a massive AI data center expansion effort, Bloomberg News reported on Thursday. Long a smaller contender in the cloud market, over the past year Oracle has emerged as a major player in the business [&hell[...]
Oil jumps more than 5% on supply concerns as Iran conflict widens
Oil prices jumped more than 5% due to escalating conflict between the U.S., Israel, and Iran, disrupting Middle East oil supplies and shipping routes.
