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Supreme Court asks Trump admin to weigh in on Robinhood IPO dispute
Supreme Court asks Trump admin to weigh in on Robinhood IPO dispute Robinhood urged the Supreme Court to hear the case, saying that the 9th Circuit's decision exposes companies to massive liability - Bookmark The U.S. Supreme Court has asked President Donald Trump's administration to weigh in on whether it should hear a bid by Robinhood Markets to shut down a lawsuit accusing the online brokerage of misleading investors about its financials and growth prospects for its initial public...
Robinhood Shifts Some World Cup Bets Away From Kalshio
Robinhood Markets Inc. is kickstarting a shift away from its longstanding prediction markets partner Kalshi Inc., using the World Cup to road test its own infrastructure.
Robinhood now lets your AI agents trade stocks
Summary: Robinhood has introduced a new feature that allows users to create AI agents to trade stocks on their behalf. This feature enables users to set up automated trading strategies based on their investment goals and risk tolerance. The AI agents will execute trades according to the user's instructions, providing a hands-off approach to investing.
SpaceX IPO explained: The price is set, but retail allocation still up in the air
Nothing about SpaceX's IPO is ordinary. The rocket maker is aiming to raise a record sum, by a wide margin, at a historic valuation, and will be controlled by Elon Musk, who's also CEO of Tesla, another trillion-dollar company. When it comes to the mechanics of the share sale, SpaceX is offering a take-it-or-leave-it price of $135, rather than providing a range and then pricing the deal based on demand, as is customary in IPOs.
Elon Musk is steamrolling Wall Street to become a trillionaire
Today on Decoder, I’m talking to Ryan Mac, a technology reporter at The New York Times and coauthor of the excellent book Character Limit: How Elon Musk Destroyed Twitter, which came out in 2024. I can’t recommend it enough. I wanted to have Ryan on the show because we’re on the cusp of the SpaceX IPO, which promises to be one of the most consequential public offerings in history for a variety of reasons — its biggest-ever size, of course, at nearly $2 trillion dollars, but also because all...
Sleepy Donald Trump's bizarre day as he appears to doze off in the Oval Office again
Sleepy Donald Trump's bizarre day as he appears to doze off in the Oval Office again After a week-long absence from the public eye, Trump held a series of Q&A events in the Oval Office - but he looked pretty sleepy, and appeared to doze off. Here's all the bizarre moments from the last 24 hours in Trumpworld He's alive! Donald Trump's latest week-long absence from public appearances has come to an end - with two Oval Office Q&A sessions in as many days.
SpaceX aims to make its stock market debut at $1.77 trillion value
Elon Musk’s SpaceX announced Wednesday that it intends to make its stock market debut next week at a $1.77 trillion valuation. The highly-anticipated initial public offering is expected to be the largest ever and will raise $75 billion in fresh cash for the company. SpaceX said in an SEC filing that it hopes to sell more than 555 million shares at $135 each.
The €3trn question: Can markets handle SpaceX, OpenAI and Anthropic all at once?
Three of the most valuable companies ever created are going public within months of each other. The combined value of SpaceX, OpenAI and Anthropic could reach $4 trillion (€3.44trn). Wall Street is excited but also nervous.
Marvell Technology and Flex to join S&P 500 index, replacing Pool and Campbell's
Marvell Technology, a chipmaker that makes several different parts and products needed for the artificial intelligence infrastructure boom, is joining the S&P 500 on June 22, becoming the latest semiconductor company to be added to the benchmark. Flex, a contract manufacturer for electronics, will also be added to the index on June 22, according to a press release. The two companies will replace Pool Corp and The Campbell's Company.
Sergey Brin told Google staff that working 60 hours a week is the 'sweet spot'
- In an internal memo to employees who work on Gemini, Google cofounder Sergey Brin recommended being in the office at least every weekday and said 60 hours is the “sweet spot” for productivity, according to the New York Times. He added that competition to develop artificial general intelligence has ramped up, but maintained his belief that Google can come out on top if the company can “turbocharge” its efforts. Sergey Brin believes Google can win the race to artificial general intelligence...