Author: i2wtc
Kyle Clark, Founder & CEO of Beta Technologies rings the Opening Bell at the New York Stock Exchange on Nov. 4, 2025. NYSEBeta Technologies, an electric aircraft company, closed up nearly 6% at $36 a share in its New York Stock Exchange debut on Tuesday.On Monday, the company priced shares in its IPO at $34 each, above its expected range of $27 to $33. Beta said it sold 29.9 million shares, raising over $1 billion in a deal valuing the company at about $7.4 billion.Beta’s IPO marks a major test for the small but competitive electric vertical takeoff and landing…
The ongoing U.S. government shutdown is about to become the nation’s longest federal funding lapse ever.The shutdown is poised to hit that milestone on Wednesday, marking its 36th day and surpassing the previous record, which was set in early 2019.The latest attempt to break the logjam, by getting a Republican-backed stopgap measure passed by Congress, failed in the Senate for the 14th time on Tuesday.There are no further votes scheduled Tuesday on the GOP’s short-term continuing resolution, or on an alternative proposal put forward by Democrats, which includes additional spending on health care and other priorities.Both of the longest government…
A version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real estate investor, from individuals to venture capitalists, private equity funds, family offices, institutional investors and large public companies. Sign up to receive future editions, straight to your inbox.Commercial real estate dealmaking is having a rough 2025, after gaining significant momentum coming out of the pandemic. Transactions are still happening, but they have stalled at well below pre-Covid levels. The overall dollar value of deals has grown just 5% from last year as of the third quarter, according…
The recent wave of white-collar layoffs may have employees and job seekers rattled, but according to New York University Stern School of Business professor Robert Seamans, his current class of MBA students isn’t worried.”I don’t get a huge sense that they’re dreading the job market or that they think there are going to be dramatic changes,” Seamans told a gathering of technology executives at last week’s CNBC Technology Executive Council Summit in New York City. “These students have been in the job market already before coming back to school and they’re used to the ups and downs of being in…
This photo taken on Sept. 14, 2025 shows the venue for the 2025 China International Fair for Trade in Services (CIFTIS) at Shougang Park in Beijing, capital of China. (Xinhua/Zhou Tinglu)BEIJING, Nov. 4 (Xinhua) — China’s service trade maintained steady growth in the first three quarters of the year, with total imports and exports reaching nearly 5.94 trillion yuan (about 838 billion U.S. dollars), up 7.6 percent year on year, the Ministry of Commerce said on Tuesday.Specifically, service exports rose 14.4 percent to over 2.6 trillion yuan, while imports increased 2.8 percent to over 3.33 trillion yuan, according to the…
Calls for resolution of Palestinian, Kashmir disputes in accordance with UN Security Council resolutionsPresident Zardari addressing World Summit for social development in Doha Novemeber 4, 2025 Photo: Radio Pakistan President Asif Ali Zardari has emphasized the need for social integration based on equality, solidarity, and respect for human rights. Addressing the World Summit for Social Development in Doha on Tuesday (Today), he called for the eradication of poverty in all its forms, promoting full and productive employment and decent work for all. He said we must ensure global institutions are inclusive and responsive, especially to the needs of the Global…
Aravind Srinivas, chief executive officer of Perplexity AI Inc., during the Bloomberg Tech conference in San Francisco, California, US, on Thursday, June 5, 2025. David Paul Morris | Bloomberg | Getty ImagesPerplexity AI accused Amazon of “bullying” on Tuesday after it received a letter from the e-commerce giant demanding it prevent people from using its artificial intelligence browser Comet to make purchases on their behalf.In a blog post, Perplexity said users can ask its Comet Assistant to find items and make purchases on Amazon, and that they “love this experience.” But Perplexity said it received “an aggressive legal threat” from…
Sam Bankman-Fried, the founder of bankrupt cryptocurrency exchange FTX, arrives at court as lawyers push to persuade the judge overseeing his fraud case not to jail him ahead of trial, at a courthouse in New York, August 11, 2023.Eduardo Munoz | ReutersThe judges in a federal appeals court in New York on Tuesday were skeptical of arguments by a lawyer for Sam Bankman-Fried that his conviction for a multi-billion-dollar fraud related to his cryptocurrency exchange FTX and an associated hedge fund should be tossed out.Bankman-Fried’s attorney, Alexandra Shapiro, was almost immediately and then repeatedly interrupted by the three-judge panel on…
Neon signage glows at dusk outside a Papa John’s International Inc. restaurant in Louisville, Kentucky, U.S., on Friday, May 1, 2015. Papa John’s is expected release quarterly earnings results after the close of U.S. financial markets on May 5.Luke Sharrett | Bloomberg | Getty ImagesShares of Papa John’s sank 10% on Tuesday following a report that Apollo Global has withdrawn its offer to take the pizza chain private.Reuters reported that the private equity firm backtracked on its bid, valued at $64 a share, about a week ago. The firm previously submitted an offer for Papa John’s alongside Irth Capital Management,…
OpenAI on Tuesday launched its Sora app of AI-generated videos for Android devices.The artificial intelligence company first launched Sora for Apple devices in September. The announcement on Tuesday brings the popular AI app to the Google Play app store for users in the U.S., Canada, Japan, South Korea, Taiwan, Thailand and Vietnam.Sora reportedly hit 1 million downloads less than five days after its debut, and it topped Apple’s App Store for nearly three weeks. Sora currently holds the no. 5 spot on Apple’s list of the top free apps, behind Google’s Gemini at no. 4 and ChatGP, which is also…