Explore finance insights, tips, and trends to make informed decisions.
Artificial Intelligence (AI)
Cohere, the Toronto-based large language model (LLM) startup, announced Thursday that it has secured an oversubscribed $500 million funding round, pushing its valuation to $6.8 billion — up from $5.5 billion just over a year ago when it last raised the same amount. Founded in 2019 by Aidan Gomez
Retail
Gildan Activewear has agreed to acquire U.S. undergarment maker Hanesbrands in a cash-and-stock deal valued at $2.2 billion, the companies announced Wednesday. The Canadian apparel manufacturer will pay roughly $6 per Hanesbrands share, a 24% premium to Monday’s closing price, in a move aimed at strengthening its
Manufacturing
GE Appliances, owned by China’s Haier Group, announced Wednesday that it will invest more than $3 billion over the next five years in its U.S. operations and workforce, a move aimed at bolstering domestic manufacturing following tariff policies introduced under the Trump administration. The investment will generate 1,
Economy
The United States has crossed a historic and alarming fiscal milestone: the national debt has climbed past $37 trillion, a record sum reached years earlier than experts had anticipated. The figure, published Tuesday in a Treasury Department report, underscores the pace at which federal borrowing has accelerated — and the growing
Pharmaceutical
AbbVie has announced plans to invest $195 million in its manufacturing facility in North Chicago, Illinois, to enhance the production of active pharmaceutical ingredients (API) within the United States. The move is part of AbbVie’s broader strategy to strengthen domestic manufacturing capabilities, following its earlier pledge to invest more
Automotive
Ford Motor Co. announced Monday it will invest $2 billion into its Louisville, Kentucky, assembly plant as part of a push to produce more affordable electric vehicles for U.S. consumers. The move builds on the automaker’s previously announced $3 billion investment in a new battery park in Michigan,
Finance
Google announced Friday that its financial information and news platform, Google Finance, is receiving a significant AI-powered overhaul. The update introduces the ability to research complex financial questions using artificial intelligence, along with enhanced charting capabilities, real-time market data, and a live news feed. With the new AI features, users
Manufacturing
Apple Inc. is set to deepen its commitment to U.S. manufacturing with a fresh $100 billion investment aimed at ramping up domestic production, according to a White House official cited by Reuters. The announcement, expected Wednesday, marks a significant expansion of the tech giant's efforts to localize
Funding
OpenAI, the powerhouse behind ChatGPT, has raised a staggering $8.3 billion in a funding round that pushes its valuation to an eye-popping $300 billion, according to The New York Times. This marks a significant milestone in the company’s broader goal to raise $40 billion this year and reflects
Finance
Ramp, the fast-growing expense management startup, has raised an additional $500 million in funding just 45 days after its last financing round—bringing the company’s valuation to a staggering $22.5 billion post-money. The round was led by Iconiq Growth with support from Founders Fund and D1 Capital Partners,
Funding
Artificial intelligence startup Anthropic is reportedly closing in on a major funding deal that could raise between $3 billion and $5 billion, potentially tripling the company’s valuation to a staggering $170 billion. The news, first reported by Bloomberg, signals an aggressive new phase of growth for one of the
Finance
After years on the sidelines, Citi is stepping back into the premium credit card arena with the launch of its new Strata Elite Card, a direct answer to Chase’s Sapphire Reserve and the American Express Platinum Card. With a clear focus on travel, dining, and high-end perks, Citi is