SpaceX has disclosed in an SEC Form 8-K that it has signed a definitive Agreement and Plan of Merger to acquire Anysphere Inc., developer of the AI coding platform Cursor, in an all-stock deal valuing Anysphere at about $60 billion. Each Cursor share will convert into SpaceX Class A common...
The U.S. Department of Justice has asked a federal court in Mississippi to intervene in and dismiss a civil rights and environmental lawsuit against Elon Musk’s artificial intelligence company xAI and MZX Tech LLC. The suit, filed in April by the NAACP and other groups in the Northern District of...
The Federal Open Market Committee is set to announce its latest interest rate decision on Wednesday, June 17, 2026, in Washington, in the first policy meeting led by new Federal Reserve Chair Kevin Warsh. Markets, as measured by the CME FedWatch tool, assign a 97 percent probability that the benchmark...
United States — Municipal leaders in several cities this week acted on temporary moratoriums or zoning pauses for data center projects. Edgerton's council denied a moratorium even as a Planning Commission rejected an $860 million DAMAC proposal on June 9; Lansing advanced a temporary pause Monday while Raleigh and St....
United States financial markets rallied sharply on Tuesday after Washington and Tehran announced a tentative framework agreement aimed at ending their ongoing conflict and reopening the Strait of Hormuz, a key global energy corridor. The S&P 500 rose 1.7% in Monday’s session, finishing just below its all-time high, while the...
The United States and Iran have reached a preliminary peace agreement via a memorandum of understanding that halts a military conflict lasting more than 100 days and restores commercial traffic through the Strait of Hormuz. Announced by President Donald Trump on Sunday evening, the deal includes an immediate end to...
The US Federal Reserve opened a two-day policy meeting today, the first chaired by Kevin Warsh since his nomination by President Donald Trump in late January. Warsh takes over amid faster inflation and a strong labor market, with recent April consumer price data reinforcing concerns about persistent price pressures. Markets...
United States-based outlet JQJO published an online article claiming that Elon Musk had become the world’s first trillionaire after a supposed initial public offering of SpaceX that allegedly valued the company at $2.21 trillion. The story asserted that the listing instantly lifted Musk’s personal net worth above the $1 trillion...
Washington, United States – The U.S. Department of Commerce has issued a new directive significantly tightening export controls on advanced artificial intelligence chips, extending restrictions to subsidiaries and branches of Chinese technology companies operating outside China’s borders. The measure, announced in Washington, is intended to close a major loophole that...
PINE HILLS, Fla. — Orange County officials opened phase three of Emerald Villas this week, unveiling 90 new income-qualified affordable apartments for households making roughly 50% to 80% of area median income. County housing staff and Mayor Jerry Demings participated in the ribbon-cutting, highlighting trust fund financing and a multi-phase...
