Business

Databricks Raises $10 Billion in Funding with Meta Platforms as Investor

Published on: January 22, 2025, 05:00 PM UTC

YouTube star MrBeast, known as Jimmy Donaldson, is not officially part of any investor group bidding to buy TikTok's U.S. operations, his spokesperson said Wednesday, despite earlier reports suggesting otherwise.

Published on: January 22, 2025, 05:00 PM UTC

After years of lackluster returns, clients of Seth Klarman's Baupost Group have withdrawn $7 billion, leading the firm to cut 20% of its investing team and refocus on its core distressed debt and special situation strategies.

Published on: January 22, 2025, 04:04 PM UTC

US President Donald Trump expresses support for Elon Musk or Larry Ellison purchasing TikTok, offering insights into a potential deal to save the social media platform's US operations.

Published on: January 22, 2025, 04:04 PM UTC

Fourth quarter earnings season starts strong, but investors focus on Trump's policies. Despite strong earnings growth, market action is driven by policy uncertainty, with stocks rallying on signs of weaker dollar and tech stocks boosted by infrastructure investment reports.

Published on: January 22, 2025, 04:03 PM UTC

Corporate DEI policies are out of favor, but Nasdaq chairwoman Adena Friedman doesn't think they're totally down for the count. She says Nasdaq is proud of its DEI efforts and believes many companies feel the same way, even if they're not as vocal about it. However, a federal appeals court recently struck down Nasdaq's attempt to diversify company boards, and President Trump has vowed to rid the federal government of DEI mandates.

Published on: January 22, 2025, 04:02 PM UTC

Hindenburg Research, a top activist short seller, has abruptly closed down. Experts discuss the challenges faced by short sellers in a scrutinized and litigious market, as well as the impact of the GameStop short squeeze and regulatory scrutiny.

Published on: January 22, 2025, 04:02 PM UTC

JPMorgan Chase CEO Jamie Dimon speaks on tariffs, inflation, and the US economy at the World Economic Forum in Davos. He also discusses Elon Musk's role in the Trump administration and JPMorgan's recent financial performance.

Published on: January 22, 2025, 04:02 PM UTC

Ally Financial reports strong Q4 earnings with net income jumping 74% and net interest margin beating expectations. Shares surge as much as 8.7%, boosted by optimism and a deal to offload its credit-card business.

Published on: January 22, 2025, 04:01 PM UTC

Nvidia stock jumped over 4% Wednesday after Trump announced a massive, $500B AI infrastructure project. Stargate, a company funded by SoftBank, OpenAI, Oracle, and MGX, will build data centers for AI and invest up to $500 billion over the next four years.

Published on: January 22, 2025, 04:01 PM UTC