The logo of Japanese company SoftBank Group is seen outside the company’s headquarters in Tokyo on January 22, 2025. Kazuhiro Nogi | Afp | Getty ImagesSoftBank Group said Wednesday that it will acquire Ampere Computing, a startup that designed an Arm-based server chip, for $6.5 billion. The company expect the deal to close in the second half of 2025, according to a statement.Carlyle Group and Oracle both have committed to selling their stakes in Ampere, SoftBank said.Ampere will operate as an independent subsidiary and will keep its headquarters in Santa Clara, California, the statement said.”Ampere’s expertise in semiconductors and high-performance computing…
Author: usaeverydaylife
U.S. President Donald Trump signs an executive order in the Oval Office of the White House in Washington, U.S., Feb. 10, 2025. Kevin Lamarque | ReutersU.S. President Donald Trump will sign an executive order on Thursday that aims to shut down the Department of Education, fulfilling a key campaign pledge, the White House said in a fact sheet on the measure.The order directs Education Secretary Linda McMahon to “take all necessary steps to facilitate the closure (of) the Department of Education and return education authority to the States, while continuing to ensure the effective and uninterrupted delivery of services, programs, and…
When Tracy Ren decided to go to the 2024 Summer Olympics, she booked her flight to Paris on Singapore Airlines using miles.But she didn’t earn them — she bought them.Rather than purchasing miles directly from the airline, which sells 1,000 miles for around $40, Ren turned to Carousell, a popular online marketplace in Asia-Pacific that sells new and used goods — and, increasingly, loyalty points and rewards.By purchasing miles online, “the cost is nearly 50% compared with purchasing the ticket,” Ren said.Is this allowed?Buying and selling airline miles online isn’t illegal, said Aaron Wong, founder of the travel and loyalty…
President Trump said on Wednesday that the Iran-backed Houthi militant group in Yemen would be “completely annihilated” by U.S. military strikes and warned Tehran to “immediately” stop supplying it with military equipment and general support and “let the Houthis fight it out themselves.”His remarks, posted on social media, came as the U.S. military continued a wave of attacks on Houthi targets in Yemen as part of what American officials said was an effort to stop the militant group’s attacks on commercial ships in the Red Sea.“Tremendous damage has been inflicted,” Mr. Trump said of the effects of the strikes, which…
The final trades of the day with CNBC’s Melissa Lee and the Fast Money traders. Source link
Traders work on the floor of the New York Stock Exchange on Nov. 22, 2024.NYSEStock futures were little changed Wednesday night. The action comes after the major averages rallied after the Federal Reserve stuck with its outlook for two interest rate cuts in 2025.Futures tied to the Dow Jones Industrial Average added 43 points, or 0.1%. S&P 500 futures were up 0.1%, while Nasdaq 100 futures climbed 0.1%.While the Fed kept the federal funds rate at a range of 4.25% to 4.5% in a widely anticipated move on Wednesday, the central bank also maintained a forecast for two rate cuts…
Thomas Fuller | SOPA Images | Lightrocket | Getty ImagesCoreWeave, the artificial intelligence startup backed by Nvidia , is planning to ask investors to pay $47 to $55 for each of its shares when it begins marketing its initial public offering this week, people familiar with the matter said on Wednesday.The price range, which has not been previously reported, would translate into an offering of $2.3 billion to $2.7 billion for CoreWeave, the sources said, requesting anonymity as the discussions are confidential.CoreWeave could possibly raise this range before the IPO prices should investor demand prove strong, said the sources.CoreWeave did not immediately respond to requests…
The “good ship Transitory,” despite an ominous record, appears ready to sail again for the Federal Reserve.Economic projections the central bank released Wednesday indicate that while officials see inflation moving up this year more rapidly than previously expected, they also expect the trend to be short-lived. The outlook spurred talk again about “transitory” inflation that caused a major policy headache for the Fed.At his post-meeting news conference, Chair Jerome Powell said the current outlook is that any price jumps from tariffs likely will be short-lived.Asked if the Fed is “back at transitory again,” the central bank leader responded, “So I…
Zoom In IconArrows pointing outwardsA new online map is highlighting locations across the United States of Tesla dealerships and Superchargers, along with purported addresses and phone numbers connected to members of the Trump administration’s DOGE team, led by Tesla CEO Elon Musk.The DOGEQUEST map spread online this week, as police continued to investigate a spate of vandalism against Tesla locations across the nation. U.S. Attorney General Pam Bondi on Tuesday called “the swarm of violent attacks on Tesla property … nothing short of domestic terrorism.””The Department of Justice has already charged several perpetrators with that in mind, including in cases…
Who’s going to win the NCAA Tournament? What upsets are popular picks? What do our experts’ Final Fours look like?We surveyed 24 writers and editors at The Athletic to get their men’s NCAA Tournament bracket picks. Not surprisingly, the consensus leans toward the favorites, but that doesn’t mean the staff bracket is all chalk.Here are which teams received the most votes to advance in bracket form, followed by a deeper look at the vote counts and all 24 staffers’ Final Four picks.Let’s go round by round to examine the most notable results and takes: First-round picks Seed Team Votes Opponent Votes 12416 Alabama State/St. Francis012416…
