The European Commission has proposed a floating price cap on Russian oil, setting it at 15% below the average market price of crude over the previous three months, according to EU diplomats. This move comes as the European Union and Britain have been urging the Group of Seven nations to lower the cap due to […]
Space and defense technology company Firefly Aerospace disclosed a 10% rise in 2024 revenue in its filing for an initial public offering (IPO) in the United States. The company reported revenue of $60.8 million in 2024, up from $55.2 million the previous year. The U.S. IPO market is experiencing renewed interest, particularly for space-related listings, […]
Space and defense technology company Firefly Aerospace has filed for an initial public offering (IPO) in the United States. The U.S. IPO market is experiencing a resurgence as investors return following a period of sluggish activity due to trade policy uncertainty earlier this year. Based in Texas, Firefly Aerospace designs and manufactures small and medium […]
Alphabet stock has slid this year as concerns rise about AI eroding its search business. However, some analysts on Wall Street see the year-to-date drop as a buying opportunity. Here’s why they believe Alphabet is the most unloved Big Tech stock. When it comes to AI, Nvidia may be the star of the show, but […]
The U.S. has announced a 35% tariff on Canadian imports not covered by the United States-Canada-Mexico pact, along with blanket tariffs of 15% or 20% on most other trading partners. This follows 50% tariffs on Brazilian imports, which have impacted the global coffee market and are expected to raise prices for coffee and beef in […]
One tech giant is getting buried in the record-setting stock market In This Article: META AMZN NVDA NFLX Netflix (NFLX) has gone missing in the market’s summer rally. Netflix stock has fallen 5.5% in July, a stark contrast to the continued surge of Big Tech companies like Meta (META), Amazon (AMZN), and Nvidia (NVDA), which […]
Virtru, a data security company, has raised $50 million in a Series D funding round, bringing its valuation to $500 million. The round was led by Iconiq Capital, with participation from Bessemer Venture Partners, Foundry, and The Chertoff Group. Virtru, founded by John and Will Ackerly, has a customer base that includes Equifax, Capital One, […]
Several major companies have followed Elon Musk’s lead by relocating from Delaware, a historically business-friendly state. Musk sparked this trend in 2024 when he reincorporated SpaceX in Texas. Recently, venture capital firm Andreessen Horowitz announced it would reincorporate its main business in Nevada. Delaware, once the preferred state for incorporation, is seeing a shift due […]
Brookfield Asset Management, Stonepeak, and French gas supplier Air Liquide have been shortlisted for the final bidding round for South Korean industrial gas firm DIG Airgas, according to three sources familiar with the matter. The binding bids for South Korea’s third-largest industrial gas producer are anticipated to be submitted around the end of July or […]
Oil prices rose on Friday following U.S. President Donald Trump’s announcement of potential new sanctions on Russia, a major oil producer. This development raised concerns in the market. However, the gains were limited by worries over Trump’s tariff policies and increased output from OPEC+. Brent crude futures increased by 44 cents, or 0.64%, to $69.08 […]
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