Author: potus
Chime Visa Credit CardSource: ChimeChime priced its IPO at $27 per share on Wednesday, above the expected range, in an offering that values the provider of online banking services at $11.6 billionThe company raised roughly $700 million in the IPO, with another $165 million worth of shares being sold by existing investors. The stock is expected to begin trading Thursday under ticker symbol CHYM.The offering comes after a years-long freeze in the fintech IPO pipeline, as rising interest rates and valuation resets kept many late-stage companies on the sidelines. The market has started to loosen. Trading platform eToro jumped 29%…
(The Center Square) – Amidst widespread speculation and local pushback, northern Nevada has taken another step toward realizing its lithium potential with an estimated $87 billion Elko County mine.Nevada has the largest lithium deposits and mines in the United States. As the rare earth mineral swells in demand for its use in batteries, mines like Surge Battery Metals’ recently announced $87 billion could come to dominate the Silver State.“The Nevada North Lithium Project is poised to play a significant role in securing America’s supply of critical minerals, particularly lithium, which is essential for the burgeoning electric vehicle and battery energy…
Shaquille O’Neal sits on the bench before the game between the Indiana Pacers and the New York Knicks during Game 2 of the 2025 Eastern Conference Finals at Madison Square Garden in New York City, New York, on May 23, 2025.Jesse D. Garrabrant | National Basketball Association | Getty ImagesShaquille O’Neal has agreed to pay $1.8 million to settle claims that he misled investors by promoting the now-bankrupt crypto exchange FTX.The retired NBA superstar, who once urged fans to trust the platform, will resolve the allegations without admitting wrongdoing. But the deal marks one of the first high-profile settlements in…
(The Center Square) – A leading medical group plans to do more to educate the public about the risks of ultraprocessed foods.The American Medical Association, which represents physicians across the country, adopted a new policy to promote public awareness and education about ultraprocessed foods, which it says are made through industrially modified ingredients and are typically high in added sugar and salt, unhealthy fats, and low in fiber, protein, and other nutrients. Those foods have been linked with significant health risks when consumed regularly, including risk of type 2 diabetes, cardiovascular disease and dementia.The policy encourages integration of nutrition education into all levels of…
Foreign policy has loomed unusually large in U.S. President Donald Trump’s second term. During his first 100 days in office, Trump claimed big successes—but the American people weren’t necessarily convinced. His public approval ratings were among the lowest of any modern president during that period, and his overall approach to core foreign-policy issues—such as trade, aid, and relations with allies—is broadly unpopular. Foreign-policy experts agree. Researchers from the Teaching, Research, and International Policy (TRIP) Project at the College of William & Mary’s Global Research Institute surveyed international relations (IR) scholars at U.S. colleges and universities on their views about Trump’s…
From left, former Fox Corp Executive Chairman Rupert Murdoch and Larry Ellison, Oracle’s co-founder, chief technology officer and executive chairman, listen as U.S. President Donald Trump speaks to reporters in the Oval Office of the White House in Washington on Feb. 3, 2025.Anna Moneymaker | Getty Images News | Getty ImagesOracle shares rose about 8% in extended trading on Wednesday after the software maker reported results that exceeded Wall Street estimates and signaled that cloud growth is accelerating.Here’s how the company did in comparison with LSEG consensus:Earnings per share: $1.70 adjusted vs. $1.64 expectedRevenue: $15.9 billion vs. $15.59 billion expectedRevenue…
A UPS seasonal worker delivers packages on Cyber Monday in New York on Nov. 27, 2023.Stephanie Keith | Bloomberg | Getty ImagesWhen Matt Kubancik, a small business owner in Louisville, Kentucky, cast his ballot for Donald Trump in November, he was hoping that the Republican nominee’s return to the White House would provide a spark to the economy and lead to reduced prices for gas and groceries.Instead, the first half-year of Trump’s second term in the White House has been more like a “vacation from hell,” Kubancik said. Guardian Baseball, the baseball goods company he co-founded in 2018, mostly relies…
(The Center Square) – House Democrats and Republicans displayed rare unity Wednesday in a committee hearing discussing the need to invest in domestic healthcare supply chains to keep ahead of adversarial nations like China.The House Energy and Commerce Subcommittee on Health held a hearing Wednesday to address issues in healthcare supply chains and ways to increase the domestic manufacturing of medicine.“The United States should never be dependent on the Chinese Communist Party for antibiotics and essential medicines. But that’s exactly the dangerous position we are in today,” Rep. Buddy Carter, R-Ga., said.Ronald Piervencenzi, a witness testifying before the committee and…
Pavlo Gonchar | Sopa Images | Lightrocket | Getty ImagesThere’s a mini-boom happening in fintech.After a multi-year IPO slowdown triggered by rising rates and valuation resets, some of the emerging players in online stock trading, banking, lending and crypto-related services are hitting the public market, or at least preparing for a debut.The next test of Wall Street’s enthusiasm is expected to come on Thursday, when Chime is slated to start trading on the Nasdaq. The provider of online banking services offered a price range of $24 to $26 a share, which would equate to a market cap of about $9.1…
VCV | Visual China Group | Getty ImagesGoogle on Wednesday added a chief AI architect to its leadership ranks as the company continues to prioritize artificial intelligence and add the technology to more of its products.The company tapped Koray Kavukcuoglu, Google DeepMind’s chief technology officer, for the new senior vice president position, the company confirmed Wednesday. Kavukcuoglu will report directly to Google CEO Sundar Pichai. Semafor first reported the executive change.Kavukcuoglu will help with product strategy and “accelerate how we bring our world-leading models into our products, with the goal of more seamless integration, faster iteration, and greater efficiency,” Pichai…