Flying Tulip News

OpenAI has lowered the valuation target for its latest funding round to $1.25 trillion, the Financial Times reported. That sits below the $1.4 trillion price investors heard earlier this month. The new figure would still lift OpenAI almost 50% above...

Gold price dropped below $4,000 an ounce on Friday for the first time since July, hitting a low of $3,986.85. Just 3 weeks earlier, a major Wall Street bank had named that level as a floor for the metal. Banks and analysts have offered conflicting...

Elon Musk says SpaceX will probably top $100 trillion within 10 years. His only caveat, posted on X on October 15, was a major world war. That is about 48 times the company’s $2.07 trillion market value at its October 14 close. Musk made the...

Anthropic reportedly earned $1.70 in revenue for every $1 it spent on computing power in the third quarter. The artificial intelligence (AI) company shared the figure with investors weeks before its planned November initial public offering...

Chinese fraud victims still owed about £600 million may miss out on gains from a UK Bitcoin (BTC) haul worth £3.8 Billion (or $5 billion). A London judge ruled Chinese law, not English law, governs their claims to the 61,000 coins. The ruling does...

Three weeks before the midterms, just 34% of US voters approve of Donald Trump, a Financial Times (FT) poll shows.  Traders betting on that vote see Republicans losing the House. Polymarket gives Democrats a 91% chance of taking the chamber, on...

The Nasdaq 100 fell more than 300 points in about half an hour on Thursday afternoon. The slide came right after a report that OpenAI’s revenue is running about $20 billion below the figure widely reported last month. The tech index was already...

SpaceX (SPCX) is seeking $40 billion in debt to buy Nvidia (NVDA) AI chips, the Financial Times (FT) reported. The stock has already gained around 15% in five days. Investors are weighing a debt-funded chip order against a rally that lifted SpaceX’s...

Hyperliquid has confirmed it is registered in Singapore, the Financial Times reported on Tuesday. Yet Singapore’s financial regulator reportedly does not see the platform as within its jurisdiction. That regulator is the Monetary Authority of...

Exporters can use overseas earnings to fund imports directly, bypassing the official foreign-exchange system, the FT reported.