Latest in Databricks closes in on multibillion funding round at $55 billion valuation to help employees cash out
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Databricks closes in on multibillion funding round at $55 billion valuation to help employees cash out
Databricks is raising at least $5 billion in cash — though it could raise as much as $8 billion — pegging its new valuation at $55 billion, sources say.Business - CNBC - 3 days ago -
AI Startup Perplexity to Triple Valuation to $9 Billion in New Funding Round
The artificial intelligence search company is raising $500 million in its fourth funding round this year.Tech - The Wall Street Journal - November 5 -
Elon Musk's xAI Startup Is Valued at $50 Billion in New Funding Round
The artificial-intelligence company has told investors it raised $5 billion in its latest funding round.Tech - The Wall Street Journal - November 20 -
Perplexity AI in final stages of raising $500 million round at $9 billion valuation
Perplexity AI is in the final stages of raising $500 million in funding at a $9 billion valuation, a source familiar with the situation told CNBC.Business - CNBC - November 5 -
DevRev raises $100.8 million in Series A funding and becomes an AI unicorn at a $1.15 billion valuation
Following its successful Series A funding, DevRev drives forward its mission to revolutionize customer support and product development.Tech - VentureBeat - November 1 -
ByteDance Valuation Hits $300 Billion Amid Possible U.S. TikTok Ban
ByteDance, owner of TikTok, has placed its own value at this figure.Business - Inc. - November 16 -
Warren Buffett Accumulates $325 Billion in Cash While Unloading Stocks
Buffett explained that he began selling shares because he expects tax rates to go higher in the future.Business - Inc. - November 3 -
Wall Street Financiers Queue Up for a Chance at Billions in Saudi Oil Cash
Are you an international business titan on the hunt for billions of dollars of Saudi oil cash? Prepare for “a mind game.”Business - The New York Times - November 5 -
Pope warns the Vatican pension fund needs reform; employees demand transparency
Pope Francis is warning that the Vatican's troubled pension fund faces a “serious imbalance” and cannot guarantee future obligations without “urgent structural” reformsWorld - ABC News - November 21 -
Jeff Bezos and OpenAI invest in robot startup Physical Intelligence at $2.4 billion valuation
Amazon's Jeff Bezos and OpenAI invested in Physical Intelligence, a robot startup that raised $400 million at a $2.4 billion post-money valuation.Business - CNBC - November 4 -
OpenAI Employees Can Sell $1.5 Billion in Stock to SoftBank
The Japanese bank is keen to increase its stake in the AI market leader, which is also backed by Microsoft.Business - Inc. - 3 days ago -
Elon Musk’s xAI in Funding Talks That Could Value Company at $40 Billion
The financing efforts follow that of rival OpenAI, which recently closed a funding round that valued it at $157 billion.Tech - The New York Times - October 31 -
Shopping tips to help you save cash this holiday season
Headed out to score some Black Friday deals? USA Today business editor Charisse Jones joins CBS News with some advice that might help you save some money on your holiday shopping.Top stories - CBS News - Yesterday -
Container Store Doesn't See Funding Deal With Beyond Closing
The $40 million deal represented a financial lifeline for the company that has experienced dwindling sales and quarterly losses.Business - The Wall Street Journal - November 21 -
Berkshire Hathaway's cash fortress tops $300 billion as Buffett sells more stock, freezes buybacks
The Omaha, Nebraska-based conglomerate saw its cash fortress swell to a record $325.2 billion by the end of September.Business - CNBC - November 4 -
More homeowners just started pulling cash out of their properties. Here's why.
While mortgage rates don't exactly follow the Federal Reserve's rate, home equity lines of credit, or HELOCs, are tied to it.Business - CNBC - November 4 -
More homeowners just started pulling cash out of their properties. Here's why.
U.S. homeowners are sitting on a record amount of equity, but higher interest rates over the past two years have made them reluctant to tap into it.Top stories - NBC News - November 4 -
HELOCs vs. cash-out refinancing: Which is safer now?
Both HELOCs and cash-out refinancing have unique benefits for homeowners, but only one is arguably safer right now.Top stories - CBS News - November 21 -
Early Revolut investors cash out at least $300mn in share sale
Buyers of UK fintech’s stock include wealthy Goldman Sachs clientsWorld - Financial Times - November 22 -
Buffalo Bills Fans Buy Municipal Bonds to Help Fund New Stadium
Critics of using public money to build sports facilities dismissed the bond sale, but some of the team’s devoted followers eagerly paid in.Business - The New York Times - November 10 -
These tips for investing in mutual funds and ETFs help build a strong portfolio
Dividends, bitcoin and Beyoncé stir ETF interest.Business - MarketWatch - November 21 -
OpenAI gets new $1.5 billion investment from SoftBank, allowing employees to sell shares in a tender offer
OpenAI on Tuesday introduced a new $1.5 billion tender offer, a continuation of its recent $6.6 billion funding round, led by SoftBank, CNBC has learned.Business - CNBC - 3 days ago -
A look at Saquon Barkley contract incentives with Eagles and how close star RB is to cashing in on big season
Barkley needs just 153 more rushing yards to hit his first incentiveSports - CBS Sports - November 17 -
Trump rounds out health team with CDC, FDA picks
President-elect Trump rounded out his health team for his upcoming White House term by announcing his Centers for Disease Control and Prevention (CDC), Federal Drug Administration (FDA) and surgeon ...Politics - The Hill - 6 days ago -
Barry Hawkins sends Ronnie O’Sullivan out of UK Championship in first round
Hawkins comes from 4-2 down to seal 6-4 victory Defending champion O’Sullivan: ‘I’m used to it’ Ronnie O’Sullivan crashed out on the opening day of the UK Championship with a 6-4 defeat by Barry ...World - The Guardian - 6 days ago -
Trump rounds out final cabinet picks with labor secretary, FDA chief
President-elect Trump has now named all 15 of his cabinet picks after a flurry of announcements. Trump picked a team of doctors to work with his choice for health secretary, Robert F. Kennedy Jr., ...Politics - NBC News - 6 days ago -
Evening Report — Fights ahead as Trump rounds out Cabinet
{beacon} Evening Report © AP Fights ahead as Trump rounds out his Cabinet President-elect Trump has filled his Cabinet and a number of senior staff roles as he prepares to return to the White ...Politics - The Hill - 4 days ago -
5 takeaways as Trump rounds out his second Cabinet
President-elect Trump is rounding out his Cabinet just a few weeks after securing a second White House term, filling the top jobs that will carry out his agenda in the years to come. Trump has had ...Politics - The Hill - 4 days ago -
Donald Trump rounds out economic team after tariff threats
President-elect taps Jamieson Greer for US trade representative and Kevin Hassett as director of National Economic CouncilWorld - Financial Times - 3 days ago -
Round out your Thanksgiving menu with these non-traditional ideas
All-star chefs Laura Vitale, Edy Massih, and Bricia Lopez join Hoda and Jenna to share Thanksgiving recipes, some of which are inspired by their upbringings: Corn soufflé, spicy fig and pistachio ...Top stories - NBC News - November 21 -
Trump taps Jay Bhattacharya to lead NIH, rounding out health team
Click in for more news from The Hill {beacon} Health Care Health Care The Big Story Trump picks Dr. Jay Bhattacharya to lead NIH The nomination completes the president-elect's selections for ...Politics - The Hill - 2 days ago -
Harris closing out campaign crisscrossing Pennsylvania
Does Pennsylvania and its 19 electoral votes hold the keys to the White House? If you look at the candidates' schedules on the eve of Election Day, it appears that is what they believe. Political ...Top stories - CBS News - November 4 -
Hedge funds have already started bailing out of ‘Trump trades’
Hedge funds switched to become net sellers of financial and industrial stocks having previously piled into the two sectors in the immediate wake of the U.S. elections, new analysis by Morgan ...Business - MarketWatch - November 20 -
England’s top judge hits out at government’s refusal to boost court funding
Sue Carr says preventing full operating capacity at crown courts has had a ‘drastic effect’ in worsening backlogsWorld - Financial Times - 3 days ago -
Snowflake beats Databricks to integrating Claude 3.5 directly
The company has partnered with Anthropic to bring Claude 3.5 family of models to Cortex AI, the fully-managed service for gen AI developmentTech - VentureBeat - November 20 -
Intel and Commerce Department finalize $7.9 billion CHIPS Act grant
The struggling chipmaker has cut jobs and pared back expansion plans as it grapples with its worst downturn ever, making the CHIPS Act money a welcome boost.Business - CNBC - 4 days ago
