t Examining MicroStrategy’s record-shattering $21bn ATM By biztoc.com Published On :: Wed, 13 Nov 2024 05:13:31 GMT Examining MicroStrategy’s record-shattering $21bn ATM Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. History, they say, doesn’t repeat, but it often rhymes. Bitcoin-hodling MicroStrategy is an excellent example. In early 2000, MicroStrategy embodied the… Full Article
t VW launches $5.8bn partnership with Tesla rival Rivian By biztoc.com Published On :: Wed, 13 Nov 2024 05:13:51 GMT VW launches $5.8bn tie-up with Tesla rival Rivian Volkswagen Group (VW) and Tesla rival Rivian have launched a joint venture, with the German car giant increasing its investment in the partnership. The two companies say the the deal is now worth $5.8bn (£4.55bn) - up from an initial pledge from VW… Full Article
t In Africa, meager expectations and some hopes for a second Trump presidency By biztoc.com Published On :: Wed, 13 Nov 2024 05:13:54 GMT African leaders may have been quick to congratulate Donald Trump on his election, professing a desire for mutually beneficial partnerships, but there are meager expectations that his presidency will change things for this continent of over 1.4 billion people. In the wake of Trump's win, Kenya's… Full Article
t Infowars auction could determine whether Alex Jones is kicked off its platforms By biztoc.com Published On :: Wed, 13 Nov 2024 05:13:58 GMT Conspiracy theory purveyor Infowars and most of its assets are set to go on the auction block Wednesday, with Alex Jones waiting to see if he will be allowed to stay or if he will get kicked off its online platforms. The private auction is being held as part of Jones' personal bankruptcy, which… Full Article
t Another major healthcare provider files for Chapter 11 bankruptcy By biztoc.com Published On :: Wed, 13 Nov 2024 05:13:59 GMT Full Article
t Spirit Airlines preparing bankruptcy filing after talks with Frontier Airlines collapse: report By biztoc.com Published On :: Wed, 13 Nov 2024 05:14:09 GMT Shares of the company were down 39% at $1.8 after the bell. The stock has fallen nearly 80% this year, while the S&P 500 passenger airlines index jumped 52%. The ultra-low cost carrier is in advanced discussions with bondholders to hammer out a bankruptcy plan that would have support from a… Full Article
t YouTube is now letting creators remix songs through AI prompting By biztoc.com Published On :: Wed, 13 Nov 2024 05:24:47 GMT YouTube added a capability for select creators in the U.S. to create AI-generated songs via prompts using the vocals of artists like Charlie Puth, Charli XCX, Demi Lovato, John Legend, Sia, T-Pain, and Troye Sivan last year. Now, the company is adding a feature for select creators to remix a track… Full Article
t China battery giant CATL would build US plant if Trump allows it By biztoc.com Published On :: Wed, 13 Nov 2024 05:35:38 GMT CATL , the world's top battery maker, will consider building a U.S. plant if President-elect Donald Trump opens the door to Chinese investment in the electric-vehicle supply chain, the company's founder and chairman, Robin Zeng, told Reuters. Full Article
t Huang, Son Joke About SoftBank's Early Stake in #Nvidia #Japan By biztoc.com Published On :: Wed, 13 Nov 2024 05:46:08 GMT Billionaires Jensen Huang and Masayoshi Son joke about how SoftBank was once Nvidia's largest shareholder — before dumping its stake. The two are now joining forces on an AI supercomputer. https://trib.al/s6PVLjU -------- Subscribe to our YouTube channel: https://trib.al/KM4k5RA Subscribe to… Full Article
t Shares of Swiggy opened up ~8% on their trading debut after the company raised $1.34B in its IPO, which became the second largest IPO in India this year By biztoc.com Published On :: Wed, 13 Nov 2024 05:24:25 GMT Shares of Indian food delivery giant Swiggy rose nearly 8% on their trading debut Wednesday after its IPO became the country's second largest this year. The company raised 113.27 billion Indian rupees ($1.34 billion) in its IPO that closed Monday, pricing its shares at 390 rupees apiece. The IPO… Full Article
t Exclusive-Chinese giant CATL pushes beyond batteries into power grids, EV platforms By biztoc.com Published On :: Wed, 13 Nov 2024 05:24:29 GMT Robin Zeng, the billionaire founder of CATL, aims to reinvent the world’s largest battery maker as a green-energy provider and to slash the cost of developing electric vehicles, upending the economics of the industry that has powered its growth. Zeng told Reuters in an interview that he expects… Full Article
t Exclusive-China battery giant CATL would build US plant if Trump allows it By biztoc.com Published On :: Wed, 13 Nov 2024 05:24:35 GMT In This Article: NINGDE, China (Reuters) - CATL, the world's top battery maker, will consider building a U.S. plant if President-elect Donald Trump opens the door to Chinese investment in the electric-vehicle supply chain, the company's founder and chairman, Robin Zeng, told Reuters. "Originally,… Full Article
t Prosus says it has made $2B+ on its Swiggy investment and will retain a 25% stake after Swiggy's IPO, which valued the food and grocery delivery firm at ~$11.3B By biztoc.com Published On :: Wed, 13 Nov 2024 05:24:44 GMT Full Article
t The Asset of the Millennium Isn’t What You Think By biztoc.com Published On :: Wed, 13 Nov 2024 05:35:18 GMT Full Article
t Trump selects Elon Musk to lead government efficiency department By biztoc.com Published On :: Wed, 13 Nov 2024 06:40:26 GMT Musk and ex-presidential candidate Vivek Ramaswamy to head up Department of Government Efficiency (Doge) Elon Musk and former Republican presidential candidate Vivek Ramaswamy will lead the newly created Department of Government Efficiency, Donald Trump said on Tuesday. Despite the name, the… Full Article
t Dam blast in eastern Ukraine leaves 10 soldiers dead By biztoc.com Published On :: Wed, 13 Nov 2024 05:35:43 GMT At least 10 Ukrainian soldiers died in the Donetsk region after the Kurakhovo Reservoir dam was blown up, TASS reported, citing Russian security forces. The blast flooded nearby areas, trapping soldi... Full Article
t Contract That Made India Top Options Market Has Last Trading Day By biztoc.com Published On :: Wed, 13 Nov 2024 05:46:15 GMT Full Article
t Rivian and VW finalize a software development joint venture; VW has invested $1B of its planned up to $5.8B by 2027 in the JV designed to be a 50-50 partnership By biztoc.com Published On :: Wed, 13 Nov 2024 05:35:23 GMT Rivian and Volkswagen Group have finalized a multi-billion-dollar joint venture to develop software, paving the way to let the German auto giant leverage the EV startup’s more technical chops in the coming years. Volkswagen will invest up to $5.8 billion by 2027, about 16% more than when the deal… Full Article
t Vietnam weighs new tech law that risks irking U.S. under Trump By biztoc.com Published On :: Wed, 13 Nov 2024 05:35:48 GMT HO CHI MINH CITY -- Vietnam is mulling data consent and foreign transfer rules for the technology sector that critics say threaten to stifle innovation and widen the trade imbalance with America, at a time when the incoming U.S. president is expected to strike out at trade rivals. Vietnam, which… Full Article
t Trump says he will nominate anti-‘woke’ showman for defense secretary By biztoc.com Published On :: Wed, 13 Nov 2024 05:46:19 GMT Pete Hegseth, a 44-year old NATO-skeptic, is perhaps Trump's most surprising pick as he fills out his cabinet ahead of the 20 January inauguration Full Article
t Thailand Eyes Congestion Fee to Cut Bangkok Pollution, Traffic By biztoc.com Published On :: Wed, 13 Nov 2024 05:57:15 GMT Full Article
t Morning Bid: 'Trump trades' pause for breath before US CPI By biztoc.com Published On :: Wed, 13 Nov 2024 05:46:03 GMT A look at the day ahead in European and global markets from Kevin Buckland Full Article
t Re-Appearing Dark Fleet Vessel Underlines Zombie Ship Challenge By biztoc.com Published On :: Wed, 13 Nov 2024 05:57:21 GMT Full Article
t EV maker VinFast gets $3.5bn from parent and founder to break even in 2026 By biztoc.com Published On :: Wed, 13 Nov 2024 05:46:12 GMT HO CHI MINH CITY -- Vietnam's Vingroup has said it is willing to sell off assets to fund VinFast, its electric vehicle arm, as a backstop to ensure the Nasdaq-listed startup breaks even by 2026. The country's biggest conglomerate said it would lend up to $1.4 billion to VinFast and that founder… Full Article
t South Korean Stocks Set for One-Year Low on Trump Policy Concern By biztoc.com Published On :: Wed, 13 Nov 2024 06:07:43 GMT Full Article
t Kadokawa warned over unfair payment practices By biztoc.com Published On :: Wed, 13 Nov 2024 05:57:02 GMT In a joint statement issued Tuesday, Kadokawa and its subsidiary pledged to pay the outstanding amounts once calculations are complete. Full Article
t Rakuten Sells Mizuho 15% of Credit Card Arm for Over $1 Billion By biztoc.com Published On :: Wed, 13 Nov 2024 06:08:04 GMT Full Article
t Bitcoin price today: down to $87k as Trump rally cools, Doge falls from 3-yr high By biztoc.com Published On :: Wed, 13 Nov 2024 07:52:46 GMT Investing.com-- Bitcoin fell from record highs on Wednesday, retreating as optimism over a Donald Trump presidency now appeared to be cooling, with focus turning to upcoming U.S. inflation data for more cues. Major meme token Dogecoin also retreated on Wednesday after a stellar run-up to… Full Article
t Korea Zinc pulls $1.8 bln share sale, turns sights to board fight By biztoc.com Published On :: Wed, 13 Nov 2024 05:56:57 GMT Korea Zinc said on Wednesday it has decided to withdraw its plan to issue new shares worth $1.8 billion after the proposal sparked an investigation by the financial watchdog and a sell-off in the company's stock. Full Article
t Startup CEO says humans won't be needed for translation in 3 years as it launches AI app By biztoc.com Published On :: Wed, 13 Nov 2024 06:07:56 GMT Unbabel on Wednesday announced an artificial intelligence-powered translation service, adding another rival to a highly competitive space. Full Article
t Should You Buy This Millionaire-Maker Stock Instead of Palantir Technologies? By biztoc.com Published On :: Wed, 13 Nov 2024 05:57:09 GMT There may not be a hotter stock on Wall Street right now than Palantir Technologies. The company's artificial intelligence (AI) software is revving its growth engine, and there is a wide-open market opportunity in both government and the private sector. The stock is up approximately 800% since the… Full Article
t EPP will ‘need some time’ before making Séjourné decision By biztoc.com Published On :: Wed, 13 Nov 2024 06:07:40 GMT Donec et orci aliquet nisl suscipit molestie sed sit amet tortor. Duis vel urna ac mi sollicitudin lacinia mollis sit amet lorem. Sed finibus erat nec libero scelerisque fringilla. Morbi at orci sed urna vulputate vulputate. Nulla facilisi. Donec et orci aliquet nisl suscipit molestie sed sit amet… Full Article
t Vietnam Air Eyes Order for 50 Jets in 2025 With Boeing As Top Contender By biztoc.com Published On :: Wed, 13 Nov 2024 06:18:40 GMT Full Article
t Turkish VC That Earned 20-Fold Return Raises $250 Million Fund As Bek Ventures By biztoc.com Published On :: Wed, 13 Nov 2024 06:18:45 GMT Full Article
t The Trump Administration Will Shake Up Options Markets. How to Profit By biztoc.com Published On :: Wed, 13 Nov 2024 06:07:46 GMT Full Article
t Trump’s victory has fractured the western order – leaving Brexit Britain badly exposed | Rafael Behr By biztoc.com Published On :: Wed, 13 Nov 2024 07:02:08 GMT To navigate the dangerous new era, Keir Starmer must end the culture of denial around the biggest strategic mistake of modern times The 35th anniversary of the Berlin Wall coming down was not commemorated much in Britain last weekend. It is no Poppy Day. The unravelling of the iron curtain doesn’t… Full Article
t Securing Europe’s Food Future: A Call to Action [Promoted content] By biztoc.com Published On :: Wed, 13 Nov 2024 06:08:03 GMT Primary Food Processors are essential to Europe’s food security. But we face significant challenges in today’s changing landscape. We urgently call on policymakers to implement strategies that improve sustainability and efficiency of our sector, ensuring Europe’s resilient future food supply. Full Article
t Big business is better than you think (rooftops) By biztoc.com Published On :: Wed, 13 Nov 2024 06:18:35 GMT We characterize optimal product market policy in an unequal economy in which firm ownership is concentrated and markups increase with firm market shares. We study the problem of a utilitarian regulator who designs revenue-neutral interventions in the product market. We show that optimal policy… Full Article
t Countrywide air raid alert issued in Ukraine By biztoc.com Published On :: Wed, 13 Nov 2024 06:08:08 GMT Ukrainian authorities activated air raid alerts throughout the entirety of the country on Wednesday, with the president's chief of staff warning of a missile attack on the capital city, AFP report... Full Article
t Moldova protests to Russian, Georgian envoys over election meddling By biztoc.com Published On :: Wed, 13 Nov 2024 06:07:56 GMT The Foreign Ministry summoned the ambassador of Russia, but also the chargé d'affaires of Georgia, for comments by country's prime minister it said called into question the integrity of Moldova's polls. Full Article
t Wall Street expected to rake in end-of-year bonuses By biztoc.com Published On :: Wed, 13 Nov 2024 06:07:49 GMT The $20 Secret Santa limit applies to everyone except your friends who work in finance. Wall Street bankers are about to cash substantially bigger bonus checks at the end of this year, according to a report released yesterday by Johnson Associates. Coming after two consecutive years of lower… Full Article
t Germany Sets Early Election With No Time to Lose By biztoc.com Published On :: Wed, 13 Nov 2024 06:08:10 GMT Full Article
t RWE's adjusted income in first 9 months of 2024 at €1.6B By biztoc.com Published On :: Wed, 13 Nov 2024 07:02:10 GMT RWE AG announced on Wednesday that its adjusted net income in the first nine months of the fiscal year 2024 decreased by 1.4% annually to reach €1.6 billion. Its external revenue lost 24% in contrast ... Full Article
t RWE's net income in first 9 months of 2024 at €1.6B By biztoc.com Published On :: Wed, 13 Nov 2024 06:08:07 GMT RWE AG announced on Wednesday that its adjusted income in the first nine months of the fiscal year 2024 decreased by 1.4% annually to reach €1.6 billion. Its external revenue lost 4.9% in contrast wit... Full Article
t Allianz revenues increase 17.3% to €42.8B in Q3 By biztoc.com Published On :: Wed, 13 Nov 2024 06:07:54 GMT More to come...... Full Article
t Likely future German coalition divided on energy, climate By biztoc.com Published On :: Wed, 13 Nov 2024 06:08:24 GMT Germany's conservative CDU/CSU, led by Friedrich Merz, is expected to win the snap election on 23 February according to the latest polls but remains at odds on energy and climate policy with its most likely coalition partner: Olaf Scholz’s Social Democrats (SPD). Merz's Union is currently leading… Full Article
t RWE Plans €1.5 Billion Buyback as US Politics Cloud Investments By biztoc.com Published On :: Wed, 13 Nov 2024 08:03:27 GMT Full Article
t Swedish Fintech Klarna Files for Widely Anticipated IPO in US By biztoc.com Published On :: Wed, 13 Nov 2024 06:19:01 GMT Full Article
t US seeks to recover crypto linked to Sam Bankman-Fried’s alleged China bribe By biztoc.com Published On :: Wed, 13 Nov 2024 06:18:32 GMT This website is using a security service to protect itself from online attacks. The action you just performed triggered the security solution. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. You can email the… Full Article
t Here are the best Black Friday deals you can already get By biztoc.com Published On :: Wed, 13 Nov 2024 06:07:49 GMT Can’t wait until Black Friday to start your holiday shop or score a killer deal on a gadget you’ve been eyeing? You may not have to. Although Black Friday isn’t until November 29th, Best Buy, Walmart, and Target have begun rolling out their holiday discounts, many of which are available elsewhere.… Full Article