In a strategic move, BitGo has announced a 15% reduction in its workforce, with CEO Mike Belshe indicating this is a one-time action aimed at concentrating on AI and stablecoin initiatives.
As public debt surges in many economies, the balance between funding science and managing fiscal responsibility becomes increasingly complex. The IMF warns that global public debt may approach 100% of GDP.
Marianne Lake, a key figure at JPMorgan, has reportedly withdrawn from the race to succeed Jamie Dimon, as new leadership dynamics emerge within the company.
The ongoing RAM crisis has proven to be a significant hurdle for Apple, highlighting the limits of its purchasing power amid rising prices affecting multiple industries.
Ibrahima Cheikh Diong, the CEO of the loss and damage fund, expressed optimism about initiating fund disbursements this year, addressing growing pressure from Nigeria.
Merck's recent acquisition of Bio-Techne for $11 billion is poised to significantly bolster its presence in the life sciences sector, focusing on biotechnology tools.
The recent surge in profits reported by US chipmaker Micron appears to have alleviated some investor concerns after a week of market declines.
Kalshi is reportedly negotiating to secure additional funding at a valuation of $40 billion, indicating a surge in investor interest in regulated prediction markets.
As the 2026 review of the USMCA approaches, it is crucial for negotiators to prioritize the enhancement of customs mechanisms to boost trade between the US and Mexico.
Micron Technology has announced a revenue forecast that exceeds analyst expectations, signaling robust demand for its memory chips.
Kalshi, a prediction market operator, is reportedly targeting a valuation of $40 billion and is considering a public debut in 2027. A new funding round may be finalized in Q3.
Onyx Odds has successfully secured $20 million in funding, led by Payward, as it prepares to enter the competitive landscape of sports-based prediction markets.
German space firm OHB plans to raise approximately half a billion euros via a stock sale aimed at expanding its facilities and exploring acquisition opportunities.
Cerebras, the AI chipmaker, saw its stock drop by 11% following its first public earnings report, despite reporting a 92% year-over-year revenue increase.
Mark Zuckerberg has instructed Meta employees to create a prediction market that will operate separately from its existing applications, using a points system for wagers instead of cash.
UNAIDS has expressed alarm over the Trump administration's funding reductions for HIV initiatives in South Africa, warning that lives could be at stake amid ongoing policy disputes.
Meta's CEO Mark Zuckerberg is reportedly spearheading the development of a prediction market app, which will operate without real money transactions, akin to existing platforms.
A group of ten Australians, including First Nations leaders and young activists, has filed a complaint with the UN Human Rights Committee regarding the impact of fossil fuel exports on human rights.
A recent survey indicates that US manufacturing jobs are declining at an alarming rate, with executives citing rising costs and changing policies as key issues.
As public companies prioritize quarterly earnings, concerns arise about the potential negative effects on long-term innovation that requires sustained investment and time.