OpenAI Discusses Giving Altman 7% Stake
OpenAI is discussing giving Chief Executive Officer Sam Altman a 7% equity stake in the company and restructuring to become a for-profit business, people familiar with the matter said, a major shift that
Robinhood, Revolut Explore Joining $170 Billion Stablecoin Market
Robinhood and Revolut, two of the most valuable fintechs, have been kicking the tires on issuing their own stablecoins, but the firms could still opt not to proceed, said people with knowledge of
MicroStrategy Raises $1 Billion to Buy Bitcoin
The software maker is the largest corporate holder of Bitcoin. The firm bought $458 million of Bitcoin in the past week. Tweet on Microstrategy going all in on BTC @MicroStrategy raised over $1
Intel Gets a Multibillion-Dollar Offer from Apollo
Apollo Global Management Inc. has offered to make a multibillion-dollar investment in Intel Corp., people familiar with the matter said, providing the chipmaker with a vote of confidence in its turnaround strategy and
SEC Approves Options on iShares Bitcoin Trust ETF
The US Securities and Exchange Commission has approved Nasdaq Inc.’s application to list options on the iShares Bitcoin Trust ETF, marking the clearing of an important hurdle before derivatives tied to the product
What lies behind the appealing offer ‘all you can fly’ from Wizz Air?
Opinion by arsim@thejournalbiz.com A few years ago, the tourism industry collapsed as the pandemic caused financial woes across the value chain, most notably for airlines. We may recall the days when all
Markets Wrap S&P 500 Hits All-Time High on Soft-Landing Hopes
Wall Street traders betting the Federal Reserve will be able to engineer a soft landing spurred a rally in riskier corners of the market, with stocks hitting all-time highs. The S&P 500 topped
Mobileye Stock Rises as Intel Says Won’t Sell Stake
Mobileye Global Inc. shares surged the most in nearly two years after Intel Corp. said it isn’t “currently” preparing to unload its majority stake in the maker of autonomous driving technology, easing investors’
EU Warns Apple to Open Up its Operating System
EU announces efforts to pull Apple into compliance with rules. Apple previously said it would hold back future tech from the EU. Tweet on EU’s stricter policy on Apple Apple Inc. has been
Intel Stock Gains for a Second Day in a Row
Intel (INTC) stock was set for one of its best two-day stretches in recent years, as investors reacted to a series of measures the chip maker plans to take to weather its crisis.