Finance

SpaceX insider share sale sets $800 billion valuation as it prepares to go public, Bloomberg News reports

SpaceX insider share sale sets $800 billion valuation as it prepares to go public, Bloomberg News reports

Dec 12 (Reuters) – SpaceX has authorized an insider share sale that values Elon Musk’s company at about $800 billion as the rocket-maker ​prepares for its initial public offering, Bloo...

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What close watchers say about Jamie Dimon hiring Todd Combs

What close watchers say about Jamie Dimon hiring Todd Combs

Todd Combs (right) is leaving Berkshire Hathaway to work for JPMorgan CEO Jamie Dimon (left).Chandan Khanna/AFP via Getty Images; Drew Angerer/Getty Images Todd Combs, one of Warren Buffett...

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Mesabi: Fiscal Q3 Earnings Snapshot

Mesabi: Fiscal Q3 Earnings Snapshot

NEW YORK (AP) — NEW YORK (AP) — Mesabi Trust (MSB) on Friday reported net income of $2.8 million in its fiscal third quarter. The New York-based company said it had profit of 21 cents per share. T...

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Broadcom stock sinks after results show profit pressures, adding to investor fears over AI payoff

Broadcom stock sinks after results show profit pressures, adding to investor fears over AI payoff

Broadcom (AVGO) stock fell more than 10% on Friday after the company’s quarterly results revealed investor concerns about the profitability of its AI business. The company reported results l...

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Lawmakers Say Bank of England Stablecoin Proposals Will ‘Limit Adoption, Push Activity Overseas’

Lawmakers Say Bank of England Stablecoin Proposals Will ‘Limit Adoption, Push Activity Overseas’

A group of British lawmakers has urged the Bank of England to reconsider proposals that would cap stablecoin holdings for citizens and businesses, and impose stringent reserve requirements on issu...

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Global equity funds draw largest weekly inflow in five weeks

Global equity funds draw largest weekly inflow in five weeks

Dec 12 (Reuters) – Global equity funds attracted significant inflows in the week to December 10 as investors positioned for a potential ​Federal Reserve rate cut, despite lingering concerns ...

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