Perplexity AI on Sunday revised the merger proposal it had submitted to TikTok parent ByteDance. The proposal, which would create a new entity combining Perplexity and TikTok U.S., would now also allow for the U.S. government to own up to 50% of the new company upon a future IPO, CNBC has learned. A proposal document […]
Embedded finance specialist, Weavr has raised a serious cause for concern amongst employers as it found that employees in the UK lost an estimated £690million in unclaimed and unpaid expenses, with 81 per cent stating they were left out of pocket by their employer for more than a month, leading to financial and mental health concerns. The Weavr report, The […]
Liquefied natural gas exporter Venture Global said on Thursday it had raised $1.75 billion, marking the first big initial public offering of President Donald Trump’s second term as investors bet on his plan to boost U.S. energy production. Venture Global is the second-largest exporter of liquefied natural gas, or LNG, in the United States, and […]
The new Senate subcommittee focused on the blockchain world will be led by two solidly pro-crypto legislators: Sen. Cynthia Lummis (R.-Wyo.) will chair while Sen. Ruben Gallego (D-Ariz.) will serve as its ranking member. Why it matters: Gallego had the backing of Fairshake and its affiliated pro-crypto PACs. His appointment is a win for the industry and […]
Berkshire Shares in Nubank Rises to 0.4% Berkshire Hathaway’s stake in Nubank rose from 0.1% in Q4 2022 to 0.4% in Q3 2024, according to recent U.S. Securities and Exchange Commission (SEC) filings. This increased Hathaway’s holdings to 86 million Nubank shares, valued at nearly $1.2 billion. Nubank is a digital banking business based in […]
Mortgage rates finally broke a six-week streak of increases, but the decline will not provide much relief, as long-term rates dipped just below 7%. Freddie Mac’s latest Primary Mortgage Market Survey, released Thursday, showed that the average rate on the benchmark 30-year fixed mortgage dropped to 6.96%, down from last week’s reading of 7.04%. The […]
Tech stocks led the market on Wednesday as Netflix (NFLX) stock surged to a record, while President Donald Trump’s boost to AI demand hopes outweighed fresh tariff worries. The Nasdaq Composite (^IXIC) rose nearly 1.3%, bolstered by a jump in Netflix shares on the heels of surprisingly strong earnings. The S&P 500 (^GSPC) climbed more […]
Netflix stock (NFLX) closed at an all-time high on Wednesday, finishing the day up nearly 10% as Wall Street analysts praised the company’s fourth quarter earnings results. Shortly after the opening bell, the stock leaped to around $1,000 a share as analysts rushed to increase their respective price targets. Pivotal Research upped its target from […]
Goldman Sachs (GS.N), opens new tab is tapping several executives to lead its prized Wall Street businesses, it said on Tuesday, as part of a management reshuffle less than a week after reporting its biggest quarterly profit in more than three years.The move comes at a time the investment bank is preparing for a flurry […]
The Consumer Financial Protection Bureau (CFPB) is under fire from seemingly all corners, and various legal challenges have alleged that the agency’s recent ramping of its rule-making through the past few months is illustrative of a regulator that’s overstepped its bounds. In the case of the most recent legal action (as of this writing), critics/plaintiffs have argued […]
As President-elect Donald Trump prepares to begin his second term in office, investors are debating how his proposed policies will play out in the stock market. While the answer may be unclear, what’s evident is the remarkable position the market is in as he takes the helm of the country. For one, 2024 marked the […]
VeriPark, an omnichannel customer experience solutions provider, has collaborated with a coalition of Canadian credit unions and financial institutions to launch a digital banking solution specifically designed for the Canadian market. This coalition comprises First West Credit Union, Prospera Credit Union, DUCA Credit Union, and Coastal Community Credit Union. It seeks to foster innovation, improve […]
