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AI coding startup Cognition raises $1 billion at $26 billion valueAI startup Cognition has secured over one billion dollars in a new funding round. This brings its valuation to a massive twenty-six billion...- In 1981, Michael Bloomberg Was Fired from Salomon Brothers: His Severance Funded the Creation of Bloomberg L.P.Michael Bloomberg faced a career disruption at Salomon Brothers. This unexpected event, combined with his deep financial knowledge, became ...
- Media mogul Michael Bloomberg looking to buy Dow Jones or Washington Post: AxiosSuch a merger would create a financial data and news giant, further firming up the world's 12th-richest man's strong hold on the business a...
- China's regulators vow 'special' oversight of fintech giants, including Ma's Ant GroupAdvances in technology have brought tremendous change to the financial sector, Guo Shuqing, chairman of the China Banking and Insurance Reg...
- Bitcoin’s rebound puts $20,000 level in sight as next big testBitcoin was trading at about $19,410 as of 3:40 p.m. in Tokyo. The broader Bloomberg Galaxy Crypto Index, which has more than tripled this ...
- China's ByteDance seeks $60 billion TikTok valuation as Oracle and Walmart prepare to buy inOracle will take a 12.5% stake in TikTok Global and store all its U.S. user data on its cloud to comply with U.S. national security require...
- Shadow banks are riding out the crisis while virus ravages IndiaThe central bank is propping up the industry, announcing some 100 billion rupees ($1.36 billion) of special liquidity last month to organiz...
- Markets mixed ahead of Fed decision as US lawmakers haggle"And it is possibly the biggest curtain warmer to the most critical fourth quarter for stock markets ever." .
- DHL temporarily suspends Chinese import shipments to IndiaAnother prominent freight transporter FedEx Corp has also suspended shipments, according to a BloomberQuint report, adding that the company...
- Oil prices rise on faith in supply cuts, demand recoveryU.S. West Texas Intermediate (WTI) crude futures climbed 23 cents, or 0.6%, to $39.07 a barrel at 0209 GMT, while Brent crude futures rose ...
- European stock rally takes step back as tech, healthcare dragThe pan-European STOXX 600 declined 0.4%, as investors moved out of expensive names, while bidding up laggards such as banking, auto and oi...
- Vodafone identified Huawei security flaw decade agoThe financial news wire cited Vodafone's security briefing documents from 2009 and 2011.
- Asia stocks up slightly, eyes on US-China talks, Fed minutesMSCI's broadest index of Asia-Pacific shares outside Japan rose 0.2% in early trade.
- Dollar lower versus yen after US weak retail salesTraders expect the pound to remain volatile in the coming weeks.
- Bitcoin drops to lowest in a month as 2018's agony keeps goingThe economics of the Bitcoin industry has come under pressure
- Apple iPhone supplier Foxconn is said to plan deep cost cutsFoxconn, formally known as Hon Hai Precision Industry Co Ltd, counts Apple Inc as one of its top customers for assembling iPhones.
- Turkish lira hits new high amid rate hike talkIt seems expectations are building that they will hike significantly tomorrow
- Crypto wipeout deepens to $640 billion as ether leads declinesEther has tumbled on concern that blockchain-related firms are cashing out of the cryptocurrency.
- Sensex rebounds, gains 50 pts, Nifty tests 11,700 ahead of Q1 GDP dataInvestors risk appetite was subdued ahead of Q1 GDP number today.
- Construction companies on a firm footing deliver big returnsBased on FY18 financials, these companies have debt-equity ratio between one and two.
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