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Trump Media pitched $100,000 monthly fee for 'fastest' feed of US president's posts, FT reports
Reuters36d agoneutral
Trump Media pitched $100,000 monthly fee for 'fastest' feed of US president's posts, FT reports

Donald Trump's social media company has discussed charging traders and investors as much as $100,000 a month for faster access ‌to the U.S. president's posts on his Truth Social platform, ‌the Financial Times reported on Friday. Trump Media & Technology Group, which owns Truth Social, did not immediately ​respond to a Reuters request for comment. The company on Thursday unveiled a paid-for, licensed data feed called "Truth API" to provide banks and trading firms "the fastest" ‌access to posts from ⁠influential Truth Social accounts.

Bloomberg36d agoneutral
Apple in Early Settlement Talks With DOJ Over Antitrust Case

(Bloomberg) -- Apple Inc. and the US Justice Department are in early discussions about settling a 2024 lawsuit that alleges the iPhone maker violated antitrust laws. Most Read from BloombergFCC Near Rulings Against Disney Over ‘The View,’ TV LicensesChip Stocks Poised for Bear Market in AI Unwind: Markets WrapGoogle Gemini Launch Delayed as Tech Falls Short of Internal GoalsChina’s Moonshot Unveils AI Model That Narrows Gap With US FirmsThailand Scraps Plan to End Visa-Free Entry for Indian Tour

Health Care Roundup: Market Talk
The Wall Street Journal36d agoneutral
Health Care Roundup: Market Talk

Find insight on Eli Lilly, GSK, Intuitive Surgical and more in the latest Market Talks covering the Health Care sector.

Financial Services Roundup: Market Talk
The Wall Street Journal36d agoneutral
Financial Services Roundup: Market Talk

Find insight on Svenska Handelsbanken’s loan book, China’s markets and more in the latest Market Talks covering financial services.

Meta, Anthropic in talks for potential $10 billion compute lease deal, NYT reports
Reuters36d agoneutral
Meta, Anthropic in talks for potential $10 billion compute lease deal, NYT reports

Meta Platforms is in talks to lease computing power to Anthropic ‌in a potential deal worth as ‌much as $10 billion over two years, the New York ​Times reported on Friday, citing three people with knowledge of the discussions. Such a deal would help Meta ⁠diversify beyond its core advertising business by generating new revenue from its infrastructure investments and ​directly pitting ​it against CoreWeave and ​Nebius, as growing ‌adoption of advanced tools drive up the need for computing capacity. Anthropic had proposed the deal in June and Meta is considering it, the report said.

Pitchbook36d agoneutral
CoreWeave launches $2.6B term loan to support acquisition of GPUs

CoreWeave has launched a $2.6 billion first-lien delayed-draw term loan (DDTL) to support the acquisition and installation of graphics processing units (GPUs), according to sources. A lender call is scheduled for 10 a.m. ET Monday, July 20, and commitments are due by noon ET Thursday, July 30. Price talk for the DDTL maturing in September 2031 is S+425-450, with a 0% floor and an OID of 99. That works out to a yield to maturity of 8.53%-8.79%. The DDTL is available until December 2026, with an u

Pepsi, convenience stores faces a snack and gas problem
TheStreet36d agoneutral
Pepsi, convenience stores faces a snack and gas problem

When gas prices go up, consumers generally shift their spending away from other areas because, in many cases, driving isn't optional. "Faced with higher gasoline bills, some households may be inclined to trim their spending on other things. In the April Consumer Checkpoint, we discussed how some ...

There is an untold story behind SpaceX's post-IPO swoon
TheStreet36d agoneutral
There is an untold story behind SpaceX's post-IPO swoon

It had to happen. After the June 11 market close, Elon Musk took his Space Exploration Technologies Corp. (otherwise known as SpaceX) public. Price: $135 a share. Result: The company raised some $75 billion before expenses. The next day, when the shares could be traded, the shares reached $176.52, ...

Fairlife pauses US production after cyberattack breached milk brand's systems
Associated Press36d agoneutral
Fairlife pauses US production after cyberattack breached milk brand's systems

Milk brand Fairlife is pausing its production in the U.S. after a ransomware cyberattack breached the company's systems. Coca-Cola, which owns Fairlife, announced Thursday that its dairy company had identified “unauthorized access by a third party” to a portion of its systems, including those related to production. “Product quality and safety have not been impacted," Atlanta-based Coca-Cola said in a statement.

Tesla rides robotaxi momentum into earnings season
Proactive36d agoneutral
Tesla rides robotaxi momentum into earnings season

Tesla Inc (NASDAQ:TSLA) is heading into its second-quarter earnings report with robotaxis doing most of the talking. Bank of America reiterated its Buy rating on the stock and $460 price objective, pointing to the service's rapid expansion, a delivery number that blew past Wall Street...

SpaceX’s Market Value Is Now $1 Trillion Lower Than Its Highs
The Wall Street Journal36d agoneutral
SpaceX’s Market Value Is Now $1 Trillion Lower Than Its Highs

SpaceX’s valuation has swooned over the past month, and as of late Friday morning was more than $1 trillion lower than its peak, according FactSet. The company’s market capitalization hit a recent peak at almost $2.7 trillion on June 16, four days after shares in the company made their trading debut. SpaceX’s stock was trading down almost 6% around 11:15 a.m. ET.

Bloomberg36d agoneutral
Lettuce Grower Taylor Farms to Pull Parasite-Linked Products

(Bloomberg) -- Lettuce supplier Taylor Farms told US regulators the company is preparing to issue a recall of ingredients linked to a diarrhea-causing parasite outbreak that’s sickened thousands in Michigan and nearby states, according to a document viewed by Bloomberg News.Most Read from BloombergChip Stocks Poised for Bear Market in AI Unwind: Markets WrapGoogle Gemini Launch Delayed as Tech Falls Short of Internal GoalsFCC Near Rulings Against Disney Over ‘The View,’ TV LicensesThailand Scrap

NBC Universal could be Netflix's next big acquisition target: BofA analyst
Yahoo Finance Video36d agoneutralVIDEO
NBC Universal could be Netflix's next big acquisition target: BofA analyst

While reporting mixed second quarter earnings results, it's Netflix's (NFLX) disappointing third quarter outlook that's dragging the stock lower on Friday. BofA Securities senior media & entertainment analyst Jessica Reif Ehrlich addresses whether an acquisition is still on the table for the streaming giant after losing out on its bid for Warner Bros. Discovery (WBD).

BofA names senior executives to drive AI adoption in global markets-memo
Reuters36d agoneutral
BofA names senior executives to drive AI adoption in global markets-memo

Bank of America has announced senior appointments to ‌drive AI adoption and implementation across its ‌global markets group, according to an internal memo seen ​by Reuters on Friday. The bank named Kevin Milsom as head of platforms AI transformation, according to the memo by Ashok Krishnan, head of ‌platforms within ⁠the global markets group. Krishnan leads efforts to modernize technology and increase automation, ⁠including the rollout of generative AI tools and other new technologies.

Investing.com36d agoneutral
SpaceX loses over $1 trillion in value from peak

Investing.com -- SpaceX stock continued lower on Friday as the space exploration and artificial intelligence company moved toward erasing more than $1 trillion from its peak market value.