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MANYA SAINI
Robinhood's venture fund invests $75 million in OpenAIRobinhood Ventures Fund I has invested seventy-five million dollars in OpenAI, the company behind ChatGPT. This move aims to give retail in...- AI chip maker Cerebras Systems raises $1 billion in late-stage fundingAI chipmaker Cerebras Systems said on Wednesday it raised $1 billion in a late-stage funding round that valued it at $23 billion. The roun...
- Nasdaq plans 24-hour trading to tap into growing international demandNasdaq Inc. plans to introduce 24-hour trading on its flagship U.S. exchange to capitalize on growing global demand for U.S. equities, a se...
- Robinhood results beat estimates on meme-stock, crypto-trading boomRobinhood's chief financial officer, Jason Warnick, shrugged off worries that a potential economic slowdown or recession would weigh on gro...
- Companies disclose expected fees for spot bitcoin ETFs ahead of SEC decisionTheir rates were well below the average rate that analysts had anticipated and that even some issuers had indicated would be the range.
- WeWork plans to file for bankruptcy as early as next weekThe company has been in turmoil ever since its plans to go public in 2019 imploded following investors skepticism over its business model o...
- Morgan Stanley Q3 Results: Profit shrinks as deal slump lingersMorgan Stanley reported a 9% decline in profit for the third quarter, due to slow dealmaking, which caused its shares to drop nearly 3% in ...
- Birkenstock shares indicated to open 4% above IPO price in US market debutThe company's stock was indicated to open between $46 to $48 on the New York Stock Exchange, compared with its initial public offering pric...
- JPMorgan tells 200 staff in Israel to work from home: ReportJPMorgan Chase has instructed its staff in Israel to work remotely due to the ongoing conflict between Israel and Palestinian group Hamas. ...
- SoftBank's chip designer Arm extends gains after $65 bln Nasdaq debut"The huge enthusiasm around trading suggests there is very much still appetite for high-growth names, and there's growing hope that the IPO...
- SoftBank's Arm valued at nearly $60 bln in stellar Nasdaq debutIts stock opened at $56.1 per American Depositary Share compared with the initial public offering (IPO) price of $51, in a sign of confiden...
- SoftBank's Arm launches IPO courting T Rowe in $52 billion valuation askArm disclosed the proposed range would value it at between $48 billion and $52 billion. It also revealed that it could issue some shares as...
- Bumble shares decline as higher expenses fan concerns about Tinder competitionThe operator of Bumble, Badoo, and Fruitz apps said its total operating costs rose more than 7% in the June quarter as it spent more on pro...
- Coinbase revenue beat estimates, executives expect to win battle with SECThe company and its rival Binance were sued by the U.S. Securities and Exchange Commission in June. It alleged that Coinbase traded at leas...
- Payments processor FIS to cut debt with $11.7 billion stake sale in merchant unitFIS built its merchant business that processes transactions for companies when it acquired Worldpay for $43 billion in 2019. But new financ...
- FTX begins talks to relaunch international cryptocurrency exchange: WSJThe company "has begun the process of soliciting interested parties to the reboot of the FTX.com exchange," Ray said, according to the Jour...
- BlackRock files for bitcoin ETF in push into cryptoBlackRock, the world's biggest asset manager, has filed an application with the US SEC for a bitcoin exchange-traded fund (ETF) called the ...
- Media startup Semafor plans buyout of Sam Bankman-Fried's investment: reportSemafor is planning to buy out FTX founder Sam Bankman-Fried's roughly $10 million investment in the news startup, the New York Times repor...
- Morgan Stanley Q4 Results: Profit drops 41%, lesser than expectedThe gloom follows what was a bumper 2021 for Wall Street's investment bankers who advised on multi-billion dollar mergers and buyouts, whil...
- Sam Bankman-Fried's FTX says no talks to acquire Robinhood"There are no active M&A conversations with Robinhood," Bankman-Fried said in an emailed statement."We are excited about Robinhood's busine...
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