Business
Dick’s Sporting Goods Just Had Its Worst Day Ever. The $2.4 Billion Foot Locker Bet Is Why
Dick’s Sporting Goods lost close to 30% of its market value on Tuesday, the…
Author: Scott Allan
Author: <span>Scott Allan</span>
AI
XPeng Raised $900 Million for Its Robot Unit at a $6.3 Billion Valuation Before Selling a Single IRON
XPeng’s robotics business has never shipped a product to a paying customer, and investors…
AI
Nvidia Is Raising AI Server Prices More Than 15%, and the Memory Makers Are the Reason
For three years Nvidia has been the company that sets the price of artificial…
Economy
Druckenmiller Says Bessent Will Lose the Bond Fight as Treasury Eyes a $950 Billion Cash Pile
The man who trained Scott Bessent spent Tuesday morning telling him, in the pages…
AI
Anthropic’s $2 Trillion IPO Target Came From Its Investors, Not From Anthropic
The number moving around Wall Street is $2 trillion, in October, on a listing…
Electric Vehicles
Nevada Raised Tesla’s Robotaxi Cap From 10 to 5,000 in Five Weeks
In July, Nevada regulators capped Tesla at exactly ten paid robotaxis in Las Vegas…
Economy
US Canada Trade Talks Collapse as 50% Tariffs Hit $20 Billion in Goods
Fifty percent US tariffs on about $20 billion of Canadian goods took effect at…
Business
Morgan Stanley’s $1.3 Billion Dallas Tower Puts a Number on New York’s Tax Fight
The New York Post reported on Thursday that Morgan Stanley has settled on Dallas…
IPO
Unitree Opened 629% Above Its IPO Price and Briefly Passed Baidu in Value
Unitree Robotics opened at 1,100 yuan in Shanghai on Wednesday against an offer price…
AI
Google Handed Marvell a $12.2 Billion Warrant and Broadcom Lost $87 Billion in a Day
Marvell Technology stock popped about 10% on Wednesday after Alphabet’s Google secured the right…