Amazon Reseller Pattern Valued at $2.5 Billion in IPO
Amazon reseller Pattern reportedly raised $300 million Friday (Sept. 19) in its initial public offering and saw its shares close up 11%.
Pattern sold shares at $14 in its IPO. Its stock ope...
Elon Musk Denies Report That xAI Is Raising Capital
Elon Musk denied a report that his artificial intelligence startup, xAI, is raising money.
In a reply to a post on social platform X about a report that xAI was raising $10 billion at a $20...
Musk’s xAI reportedly seeking $10B in a new funding round
Elon Musk’s artificial intelligence startup xAI is pursuing $10 billion in funding at a $200 billion valuation, CNBC reported on Sept. 19.
Sources told the news outlet that the funding proceeds will...
Treasury Issues Second Call for Comment on GENIUS Act Implementation
The Treasury Department has issued another call for public comment as it prepares to implement the new stablecoin law, the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Ac...
Will Fed Rate Cuts And Weak US Economy Boost Risk Assets In Q4?
The Federal Reserve’s decision to cut interest rates this week indicates that the American economy is experiencing choppy market conditions. If history repeats itself, the crypto market will benefit...
