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Trump administration to pay $765M to scrap four more offshore wind leases
The Trump administration will pay $765 million to Invenergy to cancel four offshore wind leases off New York, California, and Maine coasts.
Fed begins Warsh era by keeping rates on hold, sees one hike later this year
The Federal Reserve held interest rates steady but projects one hike later this year amid inflation concerns under new chairman Kevin Warsh.
SpaceX vaults past Amazon’s market value as options listing fuels surge
SpaceX surged past Amazon's market value to $2.655 trillion fueled by heavy options trading and is set for inclusion in major indexes.
SpaceX IPO haul rises to $85.7B after underwriters exercise greenshoe
SpaceX increased its ipo haul to $85.7 billion after underwriters exercised the greenshoe option, marking the largest ipo in history and boosting market capitalization.
SpaceX locks in $60 billion Cursor deal to power AI coding push
SpaceX is buying Anysphere, the maker of AI coding agent Cursor, for $60 billion in stock to expand its enterprise AI tools market presence.
Global shippers cautious on Hormuz transit despite US-Iran deal
Global shippers remain cautious about resuming transit through the Strait of Hormuz despite the US-Iran framework deal to reopen the waterway.
Yum Brands to sell Pizza Hut for $2.7B after prolonged demand slump
Yum Brands is selling its Pizza Hut chain for $2.7 billion due to declining demand and competition, with parts sold to Yum China and LongRange Capital.
Microsoft sued by shareholders over expenses, cloud business, AI
Microsoft faces a shareholder lawsuit over alleged fraud related to slowing Azure growth and increased AI infrastructure spending, impacting its stock price.
Cyber leaders urge US to lift curbs on Anthropic’s security models
Cybersecurity leaders including Nvidia and Adobe urge the US to lift restrictions on Anthropic's AI models, citing national security and cybersecurity risks.
Fox strikes $22B deal for Roku to fuel streaming push
Fox Corp is acquiring Roku in a $22 billion cash-and-stock deal to strengthen its streaming platform reach and advertising capabilities.
Democrats want to target companies that buy back their own stocks
Senate Democrats propose raising the federal tax on stock buybacks from 1 to 4 percent to increase corporate tax revenue and address income inequality.
SpaceX IPO makes Elon Musk the world’s first trillionaire
SpaceX's $75 billion IPO propels Elon Musk to become the world's first trillionaire, highlighting investor enthusiasm for his ventures including Tesla and Twitter.
