The OpenAI Startup Fund has successfully raised an additional $5 million. The OpenAI Startup Fund has successfully raised an additional $5 million, according to a filing with the US Securities and Exchange Commission (SEC).
Industry
Embattled New York Community Bancorp to Sell $5 Billion of Mortgage Warehouse Loans to JPMorgan Chase
New York Community Bancorp (NYCB), a regional lender facing financial challenges, has announced its agreement to sell approximately $5 billion in mortgage warehouse loans to JPMorgan Chase.
Tesco CEO Ken Murphy's Pay Skyrockets to £10M Following UK Supermarket's Stellar Performance
Tesco CEO Ken Murphy's pay jumps to £10M, doubling from last year due to stellar company performance.
China Slams New US Tariffs, Vows to Defend Economic Interests Amid Trade Tensions
Biden imposes extensive tariffs on Chinese imports, including semiconductors and EVs, escalating trade tensions. China vows to defend its interests and urges correction.
AMC Raises $250 Million in Stock Sale as Meme Stock Surge
AMC Entertainment successfully concluded a $250 million stock sale on Monday, thanks to the resurgence of the meme stock craze, which saw shares skyrocket by 90%.
Latest News
President Joe Biden has signed a bipartisan bill that bans imports of enriched uranium from Russia. Uranium is the fuel most used by nuclear power plants.
Union leaders and lawmakers on Monday strongly criticized Boeing for locking out its unionized firefighters and urged the company to reach a fair contract agreement.
South Africa faces a significant corporate exodus, raising economic concerns. Major departures like BNP Paribas and Shell highlight regulatory instability and threatening investment.
India secured a 10-year Chabahar Port deal with Iran, bypassing Pakistan's Gwadar. The investment totals $370 million. The move strengthens regional ties and enhances trade routes amid escalating tensions.
![[REPORT] California's Secret Gas Tax Hike Could Happen; Senator Says It's Like 'Tax on the Tax'](https://d.vcpost.com/en/full/105301/report-californias-secret-gas-tax-hike-could-happen-senator-says-its-like-tax-tax.webp?w=329&h=190&f=ce8dbc181aba9335a09a74c4562a72da)
California's secret gas tax hike could soon arrive, as revealed by a new report. Should Americans be worried?
South Korea is planning to release a chip investment and research support package worth over $7.3 billion.
Chuck Schumer's call to action is based on his concern that such mergers could grant oil giants excessive influence over gas prices, leading to potential price increases that would impact consumers.
Elon Musk, who owns the social media platform X, has criticized Meta for being "super greedy" in taking credit for advertisers running campaigns on its platform.
After more than ten years of being offline, this step would represent a crucial move towards stabilizing power costs in the country.
