icetana and SoftBank launch US distribution partnership
Australian security software developer icetana (ASX:ICE) signed a pivotal distribution agreement with SoftBank Robotics America.
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Australian security software developer icetana (ASX:ICE) signed a pivotal distribution agreement with SoftBank Robotics America.
Pursuit Minerals (ASX:PUR) announced an expansion of its flagship Rio Grande Sur Lithium Project in Salta Province, Argentina.
BHP (ASX:BHP) faces major disruptions as AMWU and ETU members vote for protected strike action at Port Hedland over an ongoing pay dispute.
Singaporean energy giant Sembcorp has finalised its landmark $6.5 billion takeover of Alinta Energy.
ANZ Bank New Zealand has announced that its CEO and ANZ Group (ASX:ANZ) executive, Antonia Watson, will retire.
Beetaloo Energy (ASX:BTL) flagged a mid-June commencement for its critical Carpentaria-5H extended production test.
Australia's economic engine is stalling as labour productivity slipped by 0.6% in the March quarter.
Nell Minow, Chair of Value Edge Advisors and Former President of ISS, advised caution regarding SpaceX's IPO, which was priced at $135 per share in the largest debut ever. She highlighted significant corporate governance issues being raised by pension managers and investors. She speaks with Romaine Bostick & Katie Greifeld on "The Close."
SpaceX has made history with the largest IPO ever, pricing shares at $135 each and raising $75 billion. Dan Ives, Global Head of Technology Research at Wedbush Securities, discussed the overwhelming demand for the offering, how this is a bet on Elon Musk and the possibility of Tesla and SpaceX merging. He speaks on "Bloomberg The Close."
SpaceX has made history with the largest IPO ever, pricing shares at $135 each and raising $75 billion. Dan Ives, Global Head of Technology Research at Wedbush Securities, discussed the overwhelming demand for the offering, which Bloomberg reports is four times oversubscribed, including $100 billion in retail orders and significant institutional interest such as a $5 billion order from BlackRock. He speaks with Romaine Bostick & Katie Greifeld on "The Close."
Richard Clarida, Managing Director and Global Economic Adviser at PIMCO and Former Vice Chair of the Federal Reserve Board of Governors, discussed the significant impact of artificial intelligence (AI) on the economy and markets over the next five years. He emphasized AI as a potential disinflationary force due to increased productivity and possible wage compression, while also noting the financing risks associated with AI investments. He speaks with Romaine Bostick & Katie Greifeld on "The Close."
Bloomberg's Ed Ludlow and Bailey Lipschultz break down the final developments from SpaceX as the company prepares to go public with a record-breaking IPO on Friday. Elon Musk's aerospace company raised $75 billion in the IPO, pricing 555.6 million shares at $135 each, according to a statement on its website Thursday. When asked about what's driving the interest despite the lack of current profits, Ludlow says that many investors believe that profitable opportunities that SpaceX have set out for the future, including data centers in space, may occur even sooner that the company is predicting.
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