Trump Media & Technology Group is aiming to energize growth by selling faster access to President Trump’s Truth Social posts for up to $100,000 a month. CEO Kevin McGurn told investors on Monday that the company has signed up “more than 10” customers for its Truth API, or Application Programming Interface, data feed, which he…
Shares of SpaceX tumbled on Wednesday despite reporting strong revenue growth in its first public quarterly earnings report, as investors questioned the rocket maker’s accelerating investment in artificial intelligence. SpaceX shares tumbled $10.06, or 8%, to $115.27 in early afternoon trading on Wednesday. Investors are worried that the company’s massive investments in artificial intelligence won’t be enough…
SpaceX on Tuesday reported a second-quarter loss of $541 million on revenue of $7.8 billion in its first earnings report as a publicly traded company, offering a window into its performance after executing the biggest ever initial public offering in June. Elon Musk’s rocket, satellite and AI provider was forecast to report revenue of $6.8 billion…
SpaceX is set to issue its first earnings report as a public company on Tuesday, offering a detailed look at how the rocket, satellite and AI provider is faring after its ballyhooed initial public offering in June. SpaceX shares have sputtered after initially soaring following the transaction, the largest IPO in U.S. history. The company’s…
The Pakistan Stock Exchange (PSX) opened the week in the green on Monday, gaining more than 2,100 points to close above the 178,000 mark. The development came as global oil prices tumbled on Monday, after United States President Donald Trump said fresh talks with Iran would begin later in the day. At 11am, the benchmark…
The Pakistan Stock Exchange (PSX) opened the week in the green, gaining more than 2,000 points during intraday trade. At 11am, the benchmark KSE-100 index had gained 2273.78 points, from the previous close of 176,094.11 points. The development came as global oil prices tumbled on Monday as Donald Trump said fresh talks with Iran will…
Successfully stopping Gianni Infantino’s FIFA plan to sell World Cup profits to private investors was the first half of a high-stakes game in global soccer politics. The second half kicked off Saturday with what seemed a clear aim of ending Infantino’s decade-long presidency. “No option should be off the table,” said European soccer body UEFA,…
FIFA, world soccer’s governing body, is shelving a controversial plan that would have allowed for billions of dollars in private commercial investment in the World Cup after the proposal was met with fierce opposition from its member nations. “Having listened carefully to all the views, it has become clear that the project has created divisions…
The pressure is rising on FIFA President Gianni Infantino to ditch a World Cup privatization plan that could draw investments up to $20 billion, but which has drawn widespread condemnation from most of soccer’s worldwide governing bodies. The latest rebukes of the plan came on Friday when a senior adviser to Infantino stepped down in…
North America’s soccer body on Thursday rejected FIFA president Gianni Infantino’s plan to sell stakes in the World Cup to private equity investors, joining European nations in opposition. The 41-member Confederation of North, Central American and Caribbean Association Football held an urgent meeting Thursday after UEFA, the European soccer body, had agreed to boycott the…
