Palantir to invest in drone start-up Shield AI at $5 bn valuation- The Information
Investing.com– Palantir Technologies Inc (NASDAQ:PLTR) is in discussions to invest in Shield AI, as the drone startup was set to nearly double its valuation to $5 billion in a new fundraising round, The Information reported on Friday citing sources. This potential investment aligns
Former Bank of Canada governor Carney enters race to replace Trudeau
EDMONTON, Alberta (Reuters) -Former Bank of Canada governor Mark Carney announced on Thursday that he was running to replace Prime Minister Justin Trudeau as leader of the ruling Liberal Party, saying he wanted to focus on the struggling economy. Carney, 59,
How a TikTok ban would work – and why user workarounds won’t
By Stephen Nellis, Max A. Cherney (Reuters) -Social media app TikTok, which is owned by China’s ByteDance, will be banned in the United States on Sunday unless a deal comes together to sell it to a U.S. investor or the U.S.
FDIC sues 17 former Silicon Valley Bank executives, directors over collapse
By Jonathan Stempel (Reuters) – The FDIC on Thursday sued 17 former executives and directors of Silicon Valley Bank, seeking to recover billions of dollars for alleged gross negligence and breaches of fiduciary duty that caused the bank’s March 2023 collapse,
Yen set for best week in over a month on BOJ rate hike bets
By Ankur Banerjee SINGAPORE (Reuters) – The yen was poised for its strongest weekly performance in over a month as expectations grow that the Bank of Japan will raise rates next week, putting the dollar on the back foot ahead of