Investing News Network

New Fed Chair Kevin Warsh starts his news conference. 🇺🇸

Robinhood $HOOD plans to cut 10% of its workforce in an effort to lean out their business among their growth plans.

The Federal Reserve expects an interest rate hike this year. 🇺🇸

The Federal Reserve holds rates steady at 3.50%-3.75%. 🇺🇸

The US and Iran are discussing moving up the signing of the Iran deal from Friday to potentially as soon as today, per Axios.

SpaceX $SPCX just acquired Cursor for $60B and this is what Jensen Huang had to say about it a few months ago… “My favorite enterprise AI custo— service is Cursor. Cursor is an AI coder, and every one of our engineers, 100%, is now assisted by AI coders, and our productivity has gone up incredibly. And so, you're now seeing enterprise AI companies like Cursor, Open Evidence... I love Lovable. Um, all of these companies are some of the fastest-growing companies in the world, and they address enterprise. And so, enterprise AI is here."

ChatGPT’s market share drops below 50% for the first time ever.

JD Vance irons out the complete terms of the Iran deal in 3 points: 1 - Iran can not have a nuclear weapon 2 - Strait of Hormuz is open 3 - Iran gets benefits, but only if they behave

Iran will get $300B for war damages, JD Vance has recently confirmed.

Coinbase $COIN has launched AI-powered, SEC-registered investment advisors.

SpaceX $SPCX is the fifth largest company in the world by market cap now.

Netflix $NFLX in talks to acquire Lionsgate.

Oil drops below $80/barrel and closer to $75/barrel on the US-Iran deal.

SoFi $SOFI CEO Anthony Noto purchased another $250,000 worth of SoFi shares on the open market.

US-Iran deal to allow Iran to immediately start selling oil.

Snapchat $SNAP is launching “Specs”

SpaceX $SPCX to release quarterly earnings on X.

BlackRock $BLK laid off another 200-ish roles, that is around 10% of their workforce after 2 previous layoff rounds in the past 2 years.

Options of SpaceX $SPCX shares are now live and trading.

SpaceX $SPCX to acquire Cursor AI for $60 billion.