Rising gasoline prices pushed inflation to its highest level in almost three years in April. Consumer prices were up 3.8% from a year ago.
ACTUAIIndian quick-commerce startup FirstClub raised $55M in Series B funding, doubling its valuation to $255M. The company focuses on quality and product curation over speed, targeting affluent, health-conscious consumers.
ACTUAIShipping companies are actively searching for alternative maritime routes due to the ongoing closure of the Strait of Hormuz, a critical global oil transit point.
ACTUAISpaceX plans to raise up to $75 billion in its upcoming IPO, potentially valuing the company at $1.77 trillion and positioning Elon Musk to become the world's first trillionaire. The offering would be the largest stock market debut ever.
ACTUAIHoneywell Aerospace CEO Jim Currier is focused on showcasing the company's potential as a standalone entity post-spin-off. With aggressive growth targets and a strong backlog, the company aims to capitalize on commercial aviation and defense markets, despite recent supply chain concerns.
ACTUAIAlphabet's record $85 billion stock sale, driven by strong investor demand for AI-related offerings, signals a robust IPO pipeline for AI companies like Anthropic and OpenAI.
ACTUAICarvana has received a warrant to potentially invest in Slate Auto, an EV startup backed by Jeff Bezos. The deal, revealed in Delaware filings, could see Carvana acquire shares in Slate Auto around 2025, as both companies explore new business avenues.
