Explore finance insights, tips, and trends to make informed decisions.
Energy
Chevron has officially completed its $53 billion acquisition of Hess Corporation, marking a significant victory not only in the energy sector’s ongoing consolidation wave but also in a high-stakes legal battle with rival Exxon Mobil. The deal had been under threat due to a legal dispute over coveted oil
Artificial Intelligence (AI)
Anthropic, the AI startup backed by Amazon and founded by ex-OpenAI researchers, has launched a new suite of tools specifically designed for financial services professionals. Announced Tuesday at an event in New York City, the Financial Analysis Solution is a tailored version of the company's enterprise product, Claude
Education
Educational publishing giant McGraw Hill is preparing to go public, targeting a valuation of $4.2 billion in an initial public offering (IPO), according to a company announcement on Monday, Reuters reported. Backed by private equity firm Platinum Equity, the company aims to raise up to $537 million by offering
Aerospace
Firefly Aerospace, a rising player in the commercial space industry, is preparing to launch its most ambitious mission yet: becoming a publicly traded company. On Friday, the company formally filed its S-1 registration with the U.S. Securities and Exchange Commission (SEC), revealing a plan to go public on the
Banking
Revolut, one of Europe’s leading fintech firms, is reportedly seeking a new funding round that could push its valuation to an impressive $65 billion, according to a recent report from the Financial Times. The London-based company is said to be in advanced discussions to raise approximately $1 billion through
Artificial Intelligence (AI)
Elon Musk’s artificial intelligence venture, xAI, has secured a massive $10 billion in combined debt and equity financing, according to a statement from Morgan Stanley. The raise—split evenly between secured notes and term loans, and strategic equity investments—is one of the largest ever for an AI startup
Finance
Kalshi, a regulated U.S.-based prediction market platform, has secured a significant $185 million funding round led by crypto-centric venture capital firm Paradigm, bringing its post-money valuation to $2 billion. The deal, confirmed by both Kalshi and Paradigm to TechCrunch, marks one of the biggest milestones to date in
Finance
In a bold move to capture the loyalty of affluent consumers, JPMorgan Chase has unveiled a major overhaul of its flagship Sapphire Reserve credit card — complete with a steep increase in the annual fee and a slate of new perks designed to appeal to high-spending travelers and diners. Starting June
Finance
American Express is making its biggest-ever investment in a card program, signaling a bold move to court younger, high-income customers. On June 16, the company revealed it will be significantly enhancing its Platinum card later this summer or early fall—a move that reflects a calculated strategy to lock in
Military & Defense
Voyager Technologies Inc., a Denver-based space and defense contractor, is aiming to raise up to $319 million in an initial public offering (IPO) as it seeks to capitalize on growing U.S. government investment in next-generation defense systems and commercial space projects. IPO Details According to a filing with the
Finance
Fintech firm Chime is preparing to launch what could be one of the most closely watched IPOs of 2025, with its newly announced share price range of $24 to $26 pointing to a market capitalization of up to $11.2 billion. The midrange pricing would bring in $800 million, benefiting
Artificial Intelligence (AI)
Perplexity, the AI-driven search engine making waves as a potential rival to Google, has unveiled a powerful new tool for its Pro subscribers: Perplexity Labs. The tool, available now on the web, iOS, and Android (with Mac and Windows apps to follow), aims to move the platform beyond search and