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Data center operator CoreWeave is reportedly seeking a $1.5 billion debt deal after a disappointing IPO. According to the Financial Times, CoreWeave is holding a roadshow this week with bankers at JPMorgan for debt options. The company’s executives intend to use the meetings to gauge investor interest. New Jersey-based CoreWeave listed its shares in March, … Read more
Shares in AI cloud provider CoreWeave started trading on Friday after what turned out to be a rocky IPO. But that doesn’t mean that other likely tech IPOs this year are destined to be duds. CoreWeave’s stock fell as much as 5% in the first hours of trading on Friday before rebounding to near their … Read more
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world Federal Reserve chair Jay Powell played down concerns over US growth after U-turns by Donald Trump’s administration, disappointing jobs numbers and a tumultuous week in financial markets. Powell on Friday said the world’s … Read more
L’Oreal global flagship store is seen on Nanjing Road on May 8, 2021 in Shanghai, China. Vcg | Visual China Group | Getty Images The world’s largest beauty group L’Oreal said Friday that it plans to become less dependent on the Chinese consumer for growth, instead targeting burgeoning opportunities in the U.S. market. “We see … Read more
India started the new year by unveiling its Union Budget for 2025-26 financial year on 1 February 2025. While certain areas of the budget have excited the Indian masses, crypto industry leaders feel disappointed by the government’s decision to retain the existing taxation framework for cryptocurrencies However, there is grassroot stirring in favour of a … Read more
Igor Golovniov | Lightrocket | Getty Images Cable giant Comcast is looking to the wireless business for growth. Comcast executives said Thursday the company will shift its focus to its mobile business after reporting a loss of 139,000 residential broadband customers during the fourth quarter. Broadband has long been the growth engine of the cable … Read more
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