Market sell-off: Trump post lops off $2 trillion from stocks in a single day
The unraveling shows the sway the president’s one-man trade policy still has over the fate of the global economy.
OpenAI’s dominance is unlike anything Silicon Valley has ever seen
OpenAI’s position at the heart of the AI boom, and its expansion up and down the stack, is putting the company in competition with a growing list of startups.
Luigi Mangione’s lawyers seek dismissal of federal charges in assassination of UnitedHealthcare CEO
Lawyers for Luigi Mangione asked a New York federal judge Saturday to dismiss some criminal charges.
U.S. military hikes operational command of counter-narcotics operations in Latin America
Defense Secretary Pete Hegseth said the task force aimed “to crush the cartels, stop the poison, and keep America safe.”
Navan sets price range for IPO, expects market cap of up to $6.5 billion
Navan updated its IPO prospectus and offered a pricing range, as it seeks to potentially hit the public market during a government shutdown.
Apple nears deal to acquire talent and technology from computer vision startup Prompt AI
Apple is in late-stage talks with startup Prompt AI to bring on the company’s employees and its computer vision technology.
Govini, a defense tech startup taking on Palantir, hits $100 million in annual recurring revenue
Defense tech startup Govini said it has surpassed $100 million in annual recurring revenue and secured a $150 million investment from Bain Capital.
Spirit Airlines wins approval for $475 million lifeline in bankruptcy court
Spirit Airlines will get a $475 million lifeline from its bondholders and another $150 million from an aircraft lessor.
Tech megacaps lose $770 billion in value as Nasdaq suffers steepest drop since April
Nvidia dropped almost 5%, pacing a steep decline in tech stocks, after President Trump threatened more tariffs on China.
Trump puts extra 100% tariff on China imports, adds export controls on ‘critical software’
President Trump retaliated against China’s export controls on rare earths after suggesting he also would cancel a meeting with Chinese President Xi Jinping.