Markets

According to Bloomberg News, Cathie Wood’s Ark Investment Management has acquired a stake in xAI, Elon Musk’s artificial intelligence startup, which boasts a post-money valuation of $24 billion. The stake represents approximately 2% of the fund’s portfolio, as disclosed by Ark Chief Futurist Brett Winton in an interview with Bloomberg. Additionally, Ark Venture Fund notified …

Bloomberg News reports Cathie Wood’s Ark Invest acquires stake in Musk’s xAI Read More »

Trading app Robinhood Markets (HOOD.O) announced its first-ever share buyback plan on Tuesday, stating it will repurchase $1 billion worth of stocks as it aims to transition beyond its startup phase. The company, renowned as the preferred app for retail traders, has been introducing new features to meet its customers’ demand for more sophisticated products. …

Trading app Robinhood announces first-ever stock buyback plan valued at $1 billion Read More »

T-Mobile (TMUS.O) announced on Tuesday that it will acquire nearly all of regional carrier United States Cellular’s (USM.N) wireless operations, including its customers, stores, and 30% of its spectrum assets, in a deal valued at $4.4 billion. Following the announcement, U.S. Cellular’s shares surged over 10% in pre-market trading, nearly ten months after the company …

T-Mobile to acquire US Cellular’s wireless operations in a $4.4 billion transaction Read More »

Chinese Premier Li Qiang told Samsung Chairman Jay Y. Lee on Sunday that China welcomes further investment from the Korean conglomerate, according to a report by state news agency Xinhua. This comes as foreign businesses in the Chinese market face challenges due to geopolitical uncertainties. The meeting in Seoul between China’s second-highest-ranking official and the …

Premier Li Qiang urges Samsung to increase its investments in China Read More »

ASML (ASML.AS) and Eindhoven University of Technology have announced an investment of 180 million euros ($195 million) to support semiconductor research over the next decade. ASML, a major supplier of equipment for manufacturing computer chips, is evaluating its expansion options and assessing whether the local workforce and infrastructure in the Eindhoven area of the Netherlands …

ASML and Eindhoven Tech University to Invest $195 Million in Collaboration Read More »