Finance

Crypto firm Tether eyes $500 billion valuation in major raise round, Bloomberg News reports

Crypto firm Tether eyes $500 billion valuation in major raise round, Bloomberg News reports

(Reuters) -Crypto giant Tether is in talks to raise as much as $20 billion in a private placement that could value the El Salvador-based firm at about $500 billion, Bloomberg News reported on Tues...

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Oracle’s Larry Ellison is worth more than Bank of America after doubling his wealth this year to nearly $400 billion

Oracle’s Larry Ellison is worth more than Bank of America after doubling his wealth this year to nearly $400 billion

Larry Ellison has roughly doubled his wealth this year to nearly $400 billion. The Oracle cofounder’s net worth exceeds Bank of America’s $385 billion market value. Ellison’...

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Boeing’s defense and space unit partners with Palantir for AI adoption

Boeing’s defense and space unit partners with Palantir for AI adoption

(Reuters) -Boeing has partnered with Palantir Technologies to use the software firm’s AI solutions platform across the planemaker’s defense and space unit, the companies said on Tuesda...

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Micron forecasts first-quarter revenue above estimates

Micron forecasts first-quarter revenue above estimates

(Reuters) -Micron Technology forecast first-quarter revenue above market estimates on Tuesday, betting on booming demand for artificial intelligence hardware to boost sales of its advanced memory ...

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Dow, S&P 500, Nasdaq slide after Powell flags Fed’s challenge, ‘highly valued’ stocks

Dow, S&P 500, Nasdaq slide after Powell flags Fed’s challenge, ‘highly valued’ stocks

US stocks fell on Tuesday, pulling back from a record-setting streak, as Fed Chair Jerome Powell signaled the central bank would proceed cautiously on further rate cuts and suggested equities were...

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