Fintech Valuation

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Business

Dollar Edges Higher as Shutdown Ends, but Underlying Pressures Linger

The U.S. dollar found modest support Wednesday following the resolution of a partial government shutdown and amid stock market weakness. However, gains were capped by a soft private payrolls report, while longer-term concerns over fiscal policy and interest rate differentials continue to cloud the currency's outlook.

Business

SpaceX and xAI Merge in Historic $1.25 Trillion Deal, Forging Musk's Ultimate Tech Conglomerate

Elon Musk has consolidated his space exploration and artificial intelligence ventures, merging SpaceX and xAI in a landmark transaction that creates a single entity valued at approximately $1.25 trillion. The move signals a strategic pivot to intertwine AI development with interplanetary ambition, though it raises immediate questions about regulatory oversight and market concentration.