McDonald's plans to have 10,000 locations in China by the end of 2028, and the country is its second largest market.
Nvidia's stock has dropped 15% despite growing revenue, as memory chip makers like Micron have seen their value surge. Data centers now face a memory bottleneck, shifting investor focus from GPUs to DRAM.
Block has agreed to a $45 million settlement with 46 U.S. states over allegations that its Cash App failed to adequately protect users from fraud, misleading them about its security features and making it easier for scammers to exploit the platform.
SpaceX's public launch, alongside anticipated IPOs from OpenAI and Anthropic, is projected to generate more value than all US VC-backed exits combined since 2000. This surge is driven by AI's capital-intensive nature and companies staying private longer, pushing financial infrastructure limits.
Goldman Sachs announced Thursday it has secured mandates to manage a combined $70 billion in retirement assets for Verizon Communications and Lockheed Martin. The deals include $30 billion in pension assets and $40 billion in Verizon's defined-contribution assets, highlighting a trend of large employers outsourcing investment management.
Nandan Nilekani is stepping down as a general partner at Fundamentum Partnership, the venture capital firm he co-founded. He will remain an anchor investor and advisor for the firm's third fund, which aims to raise $200 million.
A judge approved a $1.5 million penalty for Elon Musk to settle an SEC lawsuit over his handling of the Twitter takeover. Despite "significant misgivings," the judge found the settlement fair and reasonable, noting it stemmed from Musk's failure to timely disclose his growing stake in Twitter in 2022.
