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Newsmax (NMAX) Soars 735% on NYSE Debut After $75M Reg A+ IPO

Apr 01, 2025 00:53 am UTC| Business

Conservative cable news network Newsmax Inc. (NYSE: NMAX) made a dramatic entrance on the New York Stock Exchange Monday, closing at $83.51up 735% from its IPO price of $10 per share. The stock added another 1% in...

Cantor Analysts Urge Firing of RFK Jr. Over Anti-Vaccine Stance Amid HHS Shake-Up

Apr 01, 2025 00:53 am UTC| Business Politics

Cantor Fitzgerald analysts are calling for the dismissal of U.S. Health and Human Services Secretary Robert F. Kennedy Jr., citing his controversial anti-vaccine views and lack of scientific expertise. In a note released...

Tokyo Gas to Acquire Texas Shale Stake from Chevron in Major Energy Deal

Apr 01, 2025 00:53 am UTC| Business

Tokyo Gas, Japans leading city gas supplier, is set to acquire a stake in a shale gas project in Texas from U.S. energy giant Chevron (NYSE:CVX), according to a report by Nikkei. The deal, estimated at tens of billions of...

ReliaQuest Secures $500M to Boost AI Cybersecurity, Hits $3.4B Valuation

Apr 01, 2025 00:53 am UTC| Technology Business

ReliaQuest, a leading AI-powered cybersecurity company, has raised over $500 million in a new funding round led by EQT, KKR, and FTV Capital, pushing its valuation to $3.4 billion. Other backers in this round include Ten...

GlobalFoundries and UMC Explore Merger Amid U.S. Chip Strategy Shift

Apr 01, 2025 00:53 am UTC| Technology Business

United Microelectronics Corp. (UMC), a major Taiwanese semiconductor foundry, and U.S.-based GlobalFoundries (NASDAQ: GFS) are reportedly in early talks about a potential merger, according to sources cited by Reuters. If...

Intel CEO Lip-Bu Tan Outlines Bold Turnaround Strategy at IntelVision 2025

Apr 01, 2025 00:52 am UTC| Business Technology

At the IntelVision 2025 conference, new Intel (NASDAQ: INTC) CEO Lip-Bu Tan unveiled a transformative vision to revitalize the tech giant. Since taking the helm on March 12, Tan has prioritized customer engagement and...

OpenAI Secures $40B from SoftBank, Reaches $300B Valuation Amid AI Boom

Apr 01, 2025 00:52 am UTC| Technology Business

OpenAI announced Monday it has raised $40 billion in a funding round led by Japans SoftBank Group Corp. (TYO:9984), pushing the AI firms valuation to a staggering $300 billion. This marks a major leap from its $157 billion...

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Economy

White House Warns Staff Over Insider Trading Amid Suspicious Oil Market Bets

The White House issued an internal warning to staff on March 24, cautioning employees against exploiting their government positions to gain an unfair advantage in financial futures markets. The directive came just one day...

U.S. Futures Slip as Iran Ceasefire Uncertainty and CPI Data Weigh on Markets

U.S. stock index futures edged slightly lower Thursday evening as investors exercised caution ahead of high-stakes ceasefire negotiations between Washington and Tehran, while bracing for a closely watched inflation report....

Trump Slams Iran Over Strait of Hormuz Oil Restrictions Amid Fragile Ceasefire

President Donald Trump publicly criticized Iran on Thursday over its handling of oil shipments through the Strait of Hormuz, escalating tensions just days after a tentative ceasefire agreement between Washington and...

Oil Prices Rise Amid Strait of Hormuz Tensions and U.S.-Iran Talks

Oil prices climbed during Asian trading on Friday, building on Thursdays modest recovery, as markets remained on edge over ongoing supply disruptions in the Middle East and closely watched diplomatic developments ahead of...

Gold Prices Rise on Weaker Dollar and Ceasefire Hopes

Gold prices edged higher on Thursday, supported by a softer U.S. dollar and improving geopolitical sentiment after Israel announced plans to open direct negotiations with Lebanon. The development offered a measure of...

Politics

Melania Trump Denies Epstein Ties, Calls for Congressional Hearings

Melania Trump publicly addressed online speculation Thursday, firmly denying any personal or romantic connection to disgraced financier Jeffrey Epstein and clarifying that she is not among his victims. Speaking from the...

Pentagon Defies Court Order on Press Access, Judge Rules

A federal judge in Washington has ruled that the Pentagon is defying a court order that required it to restore press badge access for credentialed journalists covering the U.S. military headquarters. U.S. District Judge...

Netanyahu Seeks Lebanon Peace Talks Amid Ceasefire Fragility and Strait of Hormuz Crisis

Israeli Prime Minister Benjamin Netanyahu has announced plans to initiate direct peace negotiations with Beirut, just one day after devastating Israeli airstrikes killed over 300 people in Lebanon strikes that have now...

Trump Warns Iran Over Strait of Hormuz Toll Fees Amid Fragile Ceasefire

President Donald Trump issued a stern warning to Iran on Thursday, demanding that the country stop charging fees to tankers navigating the Strait of Hormuz. The warning came amid a delicate ceasefire following weeks of...

RFK Jr. Expands CDC Vaccine Advisory Panel's Scope Amid Legal Battles

U.S. Health Secretary Robert F. Kennedy Jr. has signed a new charter for the CDCs Advisory Committee on Immunization Practices (ACIP), broadening the panels focus to include vaccine risks and alleged gaps in vaccine safety...

Science

China vs. NASA: The New Moon Race and What's at Stake by 2030

The space race is back and this time, its a direct competition between the United States and China for dominance on the lunar surface. NASAs Artemis II mission recently made history when four astronauts flew farther into...

NASA Artemis II: First Crewed Moon Mission Since Apollo Takes Four Astronauts on 10-Day Lunar Journey

NASAs Artemis II mission launched Wednesday, marking humanitys return to crewed lunar exploration for the first time since the Apollo era. Carrying four astronauts aboard the Orion spacecraft, this historic 10-day mission...

NASA's Artemis II Mission: First Crewed Lunar Journey Since Apollo

NASA's Artemis II Crew Arrives in Florida for Historic Moon Mission

The four astronauts chosen for NASAs Artemis II mission have touched down at Kennedy Space Center in Florida, marking the beginning of final launch preparations for the first crewed lunar journey in over 50 years. NASA...

SpaceX Pivots Toward Moon City as Musk Reframes Long-Term Space Vision

SpaceX CEO Elon Musk has revealed a significant shift in the companys near-term space exploration strategy, announcing that SpaceX is now prioritizing the development of a self-growing city on the Moon rather than focusing...

Technology

Anthropic's Mythos AI Model Sparks Emergency Cybersecurity Meeting With Top U.S. Bank CEOs

U.S. Treasury Secretary Scott Bessent and Federal Reserve Chair Jerome Powell convened an urgent closed-door meeting with the chief executives of Americas largest banks this week, warning them about serious cybersecurity...

Bank of America Identifies Top Asia-Pacific Semiconductor Stocks Poised for AI-Driven Growth

Bank of America has spotlighted a select group of Asia-Pacific semiconductor companies well-positioned to ride the wave of surging artificial intelligence chip demand, with Taiwan Semiconductor Manufacturing Company...

China's AI Stocks Surge as Zhipu and MiniMax Hit Record Highs

Chinese artificial intelligence stocks continued their remarkable rally on Thursday, with Zhipu AI and MiniMax Group posting strong gains in Hong Kong trading as a wave of new model launches and product announcements...

Bendigo and Adelaide Bank Posts Strong Q3 Earnings, Announces AI-Driven Job Cuts

Bendigo and Adelaide Bank delivered an impressive financial performance in its third quarter, reporting a 12.8% surge in cash earnings to A$137.9 million for the three months ending March 31. The result came in roughly 12%...

Alibaba Shares Slide as Jefferies Slashes Price Target Over AI Spending and Business Losses

Alibabas Hong Kong-listed shares (HK:9988) dropped 2.9% to HK$122.70 on Thursday, emerging as one of the heaviest drags on the Hang Seng Index, which closed 0.6% lower. The selloff came after investment bank Jefferies...