Peloton Stock Plunges After Unveiling $1 Billion Loan to Refinance Debt
Peloton Interactive Inc. will reportedly undertake a "global refinancing" to resolve its debt and recover from a recent sales dip.
Funding
Trump Campaign's Financial Advantage Short-Lived as Democrats Surge with $100M Funds
Donald Trump and the RNC gained a financial edge over Democrats by June, but a historic fundraising surge followed Biden's withdrawal and endorsement of Kamala Harris.
Tractor Drone Maker Monarch Reveals $133 Million Series C Funding
Monarch Tractor CEO Praveen Penmetsa recently announced that it has raised $133 million through its Series C funding...
Anthropic, Menlo Launches $100M Fund To Invest in AI Startups
In addition to funding, selected AI entrepreneurs will also be given access to a network of investors as well as advanced AI research and tools...
Poland Inches Into War Footing as It Allots 5% of 2025 GDP on Defense
Polish Foreign Minister Radoslaw Sikorski announced that it was planning to spend 5% of its gross domestic product on defense by 2025...
7-Eleven Celebrating 97th Birthday With Free Slurpees and Charity Campaign
7-Eleven is giving out free Slurpees to support Children's Miracle Net...
GM Receives $500 Million Grant From DOE For EV Production in Lansing Grand River Assembly Plant
General Motors (GM) has secured a $500 million grant from the US Depar...
Latest News
Princess Kate's Task Force Recommends UK Businesses to Invest in Early Childhood
Princess Kate's major involvement in the Royal Foundation Business Taskforce for Early Childhood's recent report urging British businesses to invest in early childhood did not indicate a return to pub
Supreme Court Rejects Conservative Group's Attempt To Change Consumer Financial Protection Bureau Funding
The Supreme Court has upheld the Consumer Financial Protection Bureau (CFPB) 's funding mechanism despite a challenge from conservative groups, ruling 7-2 in favor of the agency's funding structure.
OpenAI Startup Fund Secures Additional $5 Million in Latest Funding Round
The OpenAI Startup Fund has successfully raised an additional $5 million.
Anthropic Expands Claude AI Chatbot to Europe, Launches Fundraiser
Anthropic will expand its generative AI assistant Claude to Europe while continuing to get funding from the continent.
Former Cruise CEO Kyle Vogt Returns to Robotics Realm, Raises $150 Million for Household Robot Company
Kyle Vogt, the former founder and CEO of self-driving vehicle firm Cruise, has launched a new venture-backed robots business focusing on home tasks.
China Is Offering Long-Term Bonds Worth $140 Billion to Stimulate Economy
China to issue 1 trillion Chinese Yuan in long-term bonds starting this week to boost the economy.
Biden Administration Unveils $200 Million Funding to Address Bird Flu Outbreaks Within Dairy Farms
US health and agriculture authorities commit almost $200 million to address a bird flu outbreak in dairy cows across nine states.
Elon Musk's xAI Nears $18 Billion Valuation Following Major Funding Round Amid Rising Investor Interest
Elon Musk's xAI Corporation is approaching the end of a major investment round, with investors valuing the business at $18 billion.
US President Joe Biden Unveils AI Data Center Plans at Wisconsin
President Joe Biden unveiled Microsoft's $3 billion investment in an AI data center in southeast Wisconsin, addressing the soaring demand for computing power in the AI sector.
