Washington, United States – The White House is preparing a high-level Situation Room meeting for President Donald Trump to make a final determination on a proposed agreement aimed at ending the war with Iran and reopening the closed Strait of Hormuz. The draft deal would see Iran pledge never to...
U.S.-based artificial intelligence company Anthropic has reached a valuation of $965 billion after closing a new $65 billion funding round, the firm announced in its latest financing update. The round was led by major venture investors including Altimeter Capital, Dragoneer, Greenoaks and Sequoia Capital, and featured a $5 billion commitment...
United States-based crypto markets experienced a sharp sell-off on Friday, with more than $700 million in leveraged positions liquidated within 24 hours across major digital asset exchanges. Bitcoin, the largest cryptocurrency by market value, fell more than 3% during the session and hovered near the $73,000 level as risk-off sentiment...
Israel-based website-building platform Wix.com Ltd. announced on Thursday that it will cut roughly 20% of its global workforce, eliminating about 1,000 positions in what the company described as a major restructuring. Chief Executive and co-founder Avishai Abrahami said the reductions are primarily driven by the rapid integration of artificial intelligence...
Los Angeles — Eileen Wang, the former mayor of Arcadia, pleaded guilty Friday to a federal charge of acting as an illegal agent of the Chinese government by operating the U.S. News Center and publishing PRC-directed content between late 2020 and 2022. She resigned after charges were announced on May...
Mackinac Island, Mich. — Michigan Gov. Gretchen Whitmer, a two-term governor from a key battleground state, said Thursday at the Mackinac Policy Conference that she will not run for president in 2028, speaking on the front porch of the Grand Hotel during an on-the-record interview with Detroit's WJBK-TV. Her comments on...
In the United States, Elon Musk has recently held internal discussions about potentially merging SpaceX and Tesla into a single corporate entity, according to multiple people cited by CNBC. The talks come just weeks before SpaceX is scheduled to list on Nasdaq under the ticker SPCX, following its May 20,...
ST. LOUIS — Peabody announced on May 28 that it priced $225 million of convertible senior notes due 2031 in a private offering to qualified institutional buyers, with an initial 0.50% interest rate and an option for initial purchasers to buy up to an additional $25 million; settlement is scheduled...
United States-based Zscaler, a cloud-delivered security services provider, saw its shares plunge 31.52 percent on Wednesday, the steepest single-day decline in its history, closing at $126.41 and cutting its market capitalization to about $20.33 billion. The selloff followed fiscal third-quarter 2026 results that beat expectations, with revenue rising 25 percent...
Washington — The United States on Wednesday added Iran’s Persian Gulf Strait Authority to the Treasury Department’s Specially Designated Nationals list, the Office of Foreign Assets Control said, after the authority was launched on May 18 to manage requests for passage through the Strait of Hormuz. The listing cites alleged...
