News

Former President Donald Trump expressed fury over Putin's suggestion to replace Zelenskyy, threatening economic retaliation if Russia doesn't cooperate in ending the Ukraine war. Trump's anger stems from Putin's proposal for a transitional government in Ukraine, effectively ousting Zelenskyy, prompting Trump to threaten "secondary tariffs" on any country purchasing Russian oil.

AI cloud infrastructure company CoreWeave Inc., backed by Nvidia Corp., made its public market debut last Friday, with CEO Michael Intrator defending the company's client concentration and emphasizing its long-term growth potential. Meanwhile, Elon Musk's AI startup xAI made headlines with its acquisition of his social media company X (formerly Twitter) in a $33 billion all-stock deal, creating a combined entity valued at $80 bill...

The past week has been a whirlwind of activity in the automotive industry, with the FBI taking a strong stance against violent attacks on Tesla by launching a dedicated task force. Meanwhile, Rivian has made a strategic move by spinning off its micromobility business into a new entity called Also, Inc., allowing the company to focus on its core electric vehicle business.

Despite recent drops in cryptocurrency prices, Bitcoin and other cryptocurrencies are projected to experience a price surge in April due to hints from the Federal Reserve about possible monetary easing. This prediction comes from prominent crypto trader Arthur Hayes, who believes the Federal Reserve's potential return to "stealth" money printing could fuel this surge.

Charlie Javice, founder of the student financial aid startup Frank, was found guilty of defrauding JPMorgan Chase for $175 million by inflating her client base, leading to a potential 30-year prison sentence. This case highlights the importance of thorough due diligence and the severe consequences of fraudulent practices in startup acquisitions.