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By Echo Wang (Reuters) -CoreWeave plans to reduce the size of its U.S. initial public offering and price its shares below the indicated range, a person familiar with the matter told Reuters on Thursday, dampening expectations that the listing would boost investor appetite for IPOs. The Nvidia-backed cloud services provider is now looking to sell 37.5 million shares, 23.5% less than originally planned, and price them at $40 apiece, well below even the low end … Read more…

By Jaspreet Singh (Reuters) – Elon Musk-owned social media platform X is poised for the company’s first year of advertising revenue growth since its acquisition by the billionaire in 2022, data from research firm Emarketer showed on Wednesday. Brands are returning to X at a time when Musk’s influence has grown in the Trump administration, with the Tesla CEO’s key role in the U.S. Department of Government Efficiency. In 2025, X’s U.S. ad revenue is … Read more…

WASHINGTON (Reuters) -The U.S. Space Force said on Wednesday it has cleared Boeing and Lockheed Martin’s Vulcan rocket to launch national security satellites for the United States. SpaceX was the first company to handle such missions. “Vulcan certification adds launch capacity, resiliency, and flexibility needed by our nation’s most critical space-based systems,” said Brigadier General Kristin Panzenhagen, the program executive officer for assured access to space. Vulcan was developed to replace the Boeing LMT joint … Read more…

ROME (Reuters) – Italian sports car maker Maserati, one of the worst performing brands within the Stellantis group, said on Wednesday it was boosting lucrative customisation services while working on wider turnaround plans. The brand sold just 11,300 vehicles last year, down from 26,600 in 2023, with an adjusted operating loss of 260 million euros ($284 million). Its business plan, including new model launches, is under review after being put on hold last year. “We … Read more…

(Reuters) – Bank of America (BofA) has raised its gold period average forecasts for this year and next, while highlighting that uncertainty arising from U.S. trade policies will continue to lend support to prices in the near-term. BofA now expects gold to trade at $3,063 per ounce (oz) in 2025 and $3,350/oz in 2026, it said in a note on Wednesday. This is an increase from its previous forecasts of $2,750/oz for 2025 and $2,625/oz … Read more…

By Elizabeth Howcroft (Reuters) -U.S. asset manager Fidelity Investments is exploring whether to launch its own stablecoin, in the latest sign of mainstream investors looking to cash in on a revival of interest in cryptocurrencies. Stablecoins are a type of cryptocurrency designed to maintain a constant value, usually a 1:1 dollar peg, making it easier for traders to move funds between cryptocurrencies. Their use has grown rapidly in recent years. A spokesperson for Fidelity said … Read more…

By Alessandro Parodi and Greta Rosen Fondahn (Reuters) -Tesla’s market share in Europe continued to shrink in February as sales of the all-electric car maker dropped for a second month even as EV registrations overall on the continent grew. As competition grows and a slowdown in European economies hampers total car sales, Elon Musk’s battery-electric (BEV) brand has sold 42.6% fewer cars in Europe so far this year, data from the European Automobile Manufacturers Association … Read more…

BEIJING (Reuters) – Chinese artificial intelligence startup DeepSeek released a major upgrade to its V3 large language model, intensifying competition with U.S. tech leaders like OpenAI and Anthropic. The new model, DeepSeek-V3-0324, was made available through AI development platform Hugging Face, marking the company’s latest push to establish itself in the rapidly evolving AI market. The latest model demonstrates significant improvements in areas such as reasoning and coding capabilities compared to its predecessor, with benchmark … Read more…