Author: Press Room

CoreWeave is facing nearly $7.5bn in debt repayments by the end of next year, requiring investors in its blockbuster public listing to take a leap of faith in the cloud computing group’s ability to grow fast enough to settle the looming obligations.The US company, which leases computing capacity to tech groups building artificial intelligence models, is gearing up for the largest stock market debut of the year. This week it revealed it was seeking to raise as much as $2.7bn in the share sale, valuing the business at $32bn.As the New Jersey-based group prepares to start an investor roadshow, it…

President Trump announced Tuesday billions of dollars in private sector investment to build artificial intelligence infrastructure in the United States, although Elon Musk soon cast doubt on the size of the investment.OpenAI, Softbank and Oracle are planning a joint venture called Stargate, Mr. Trump said in a White House briefing. SoftBank CEO Masayoshi Son joined Mr. Trump for the announcement, along with Sam Altman of OpenAI and Larry Ellison of Oracle. President Donald Trump, Softbank CEO Masayoshi Son, and Open AI CEO Sam Altman listen to Oracle Executive Chairman Larry Ellison speak at the White House on Jan. 21, 2025. JIM…

Join Fox News for access to this content Plus special access to select articles and other premium content with your account – free of charge. By entering your email and pushing continue, you are agreeing to Fox News’ Terms of Use and Privacy Policy, which includes our Notice of Financial Incentive. Please enter a valid email address. Having trouble? Click here. A Texas court will consider a bid from Suzanne Simpson’s husband, the suspect in her disappearance and death, to have his murder charge thrown out next month.Suzanne Simpson, a 51-year-old mother of four, went missing Oct. 6, 2024, after…

A senior Hamas leader has been killed in a predawn strike in southern Gaza, as Israel has intensified attacks across the Gaza Strip, killing at least 634 Palestinians since breaking the ceasefire deal on Tuesday. Salah al-Bardawil, a senior member of Hamas’s political bureau, was killed on Sunday along with his wife while praying in their tent shelter in Khan Younis, according to the Palestinian group, which accused Israel of assassinating him. “His blood, that of his wife and martyrs, will remain fueling the battle of liberation and independence. The criminal enemy will not break our determination and will,” the…

In the crowded race for mayor of New York City, Zohran Mamdani has become a magnet for attention, ascending in the polls and raising money through a mix of social media savvy and a plain-spoken, everyman approach.He has paid house visits to some of his thousands of small donors and taken a New Year’s Day plunge into the ocean to dramatize a rent-freeze. He broke a Ramadan fast by eating a burrito on the Q train, then faux apologized for the breach of subway etiquette — all in a breezy style more reminiscent of “Saturday Night Live” than a political…

A dominant first-half performance has helped Western Force halt a three-game losing streak in emphatic fashion as they put Fijian Drua to the sword 52-15 at HBF Park.

JAKARTA: Activists have called for press freedom to be protected in Indonesia and demanded an investigation after a magazine critical of the government was sent a pig’s head and decapitated rats. Weekly magazine Tempo, a top Indonesian publication since the 1970s, has been critical of the policies of President Prabowo Subianto, an ex-general whom rights groups accuse of abuses under late dictator Suharto. Cleaners at Tempo’s office found a box of six rats with their heads cut off on Saturday (Mar 22), the magazine said in a statement. A pig’s head without its ears was also found there on Thursday, intended…

With a staccato burst, a horn sounded in the control room of the H.M.S. Vanguard, sending the crew of the nuclear-armed Royal Navy submarine to battle stations. The voice of the commanding officer crackled over the intercom. “Set condition 1SQ,” he said, ordering its battery of ballistic missiles to be readied for launch.It was just a drill, conducted last Monday for a visiting V.I.P., Prime Minister Keir Starmer. But Mr. Starmer had reason to pay close attention when he was shown where the submarine’s launch key is stored: The prime minister is the only person in the United Kingdom authorized…

American households are allocating so much money to U.S. stocks that the valuation of the whole market is now dependent on their appetite, according to JPMorgan. Individual investors have become the most important holder of U.S. equities, owning around 60% of the universe, the Wall Street firm said. This record level of ownership creates a lockstep movement between the price-earnings ratio of the S & P 500 and the retail flow into the market. “The higher the appetite by US households to hold equities in their portfolios, the more expensive the equity market becomes and vice versa,” strategists led by…

The first wave of NFL free agency is winding down, and there are now plenty of deals to assess.In the team free agency rankings we released ahead of the negotiation window earlier this month, we dove into the data from the previous four years, 2021 through 2024. We logged cash spent on each free agent during that span. We also logged the value produced — using Football Reference’s Approximate Value metric — by each player while he was on his free-agent contract. By comparing these two figures, we determined how much value each free agent produced per $1 million in…