Rackspace secures $75M-$85M in annual savings from AMD AI compute deal while cutting 15% of its workforce. Rackspace Technology (RXT) shares surged 27% after announcing a 30 MW AI compute deployment agreement with Advanced Micro Devices (AMD), which also rose 1% premarket.
Space Exploration Technologies Corp. agreed to acquire Anysphere, Inc., the parent company of AI coding tool Cursor, in an all-stock deal valuing the startup at $60 billion, the company said Monday. Under the terms of the merger agreement, each share of Cursor's common and
Wintermute Says Bitcoin Could Still Fall Into the $50,000 Range Wintermute, a leading crypto market maker and OTC desk, warned that BTC’s rebound from the low-$60,000s does not confirm a structural bottom, with ETF, stablecoin and DAT flows still showing no clear reversal. <p
It's blast-off for the newly minted public rocket company SpaceX (SPCX). SpaceX stock is up 9% in premarket trading on Tuesday, indicating an open of above $200 for the first time At this level, SpaceX would open with a market cap of more than $2.9 trillion. And wit
The Only New Stock I've Bought This Year Is the Perfect Addition Amid a Historically Pricey Stock Market Earlier this month, the Dow Jones Industrial Average, S&P 500 (SNPINDEX: ^GSPC), and Nasdaq Composite hit fresh all-time highs -- and stock valuations nearly followed suit.</p
Dutch meat processor Vion completes strategic divestment of its foodservice division, shifting focus to core livestock and supply chains. Vion Food Group has agreed to sell its foodservice division to Group of Butchers, marking the final major step in its exit from the sec
BlackRock is expected to debut a new bitcoin The iShares Bitcoin Premium Income ETF (BITA) provides exposure to bitcoin's price by holding shares of BlackRock's existing spot bitcoin ETF, IBIT. It also generates income by selling call options against those holdings
The UK's Financial Conduct Authority (FCA) is proposing changes to its penalty regime to allow higher fines on individuals, following tribunal rulings that forced it to reduce sanctions, including in the case of former Barclays chief Jes Staley. In a consultation paper, th
Sunbelt Rentals sees $35 billion valuation with hedge funds increasing positions amid AI-driven equipment demand and a $1.5 billion buyback. Nearly a dozen hedge funds increased holdings in Sunbelt Rentals (SUNB) during Q1, targeting the $35 billion equipment rental firm a
Parsons Corporation (PSN) has been selected by the Minnesota and Wisconsin Departments of Transportation to provide design and construction oversight for the John A. Blatnik Bridge Project, a major asset replacement estimated to cost between $1.1 billion and $1.4 Newslette
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