Author: Press Room
New satellite imagery captures an oil terminal burning and fire crews tending to a damaged warship near St. Petersburg after Ukrainian forces struck the city during the opening day of Russia’s Davos.The Ukrainian military said Wednesday that it carried out strikes on the St. Petersburg oil terminal, the nearby Kronstadt naval port, and other military-linked targets in Russia.Imagery captured by the US spatial intelligence firm Vantor shows a large plume of smoke at the oil terminal, which is a major facility for Russian fuel exports to the Baltic Sea. It sits nearly 700 miles from the Ukrainian border. The terminal…
kodda/iStock via Getty ImagesA ~$1B financing package for Transportadora de Gas del Sur’s (TGS) massive project planned for Argentina’s Vaca Muerta shale formation is being formed by lenders including Citigroup, Banco Santander and J.P. Morgan, Bloomberg reported Wednesday. The financing would help support the $3B NGL Project, one of
SpaceX officially wants to have the largest initial public offering of all time.Elon Musk’s rocket company is seeking to raise $75 billion in its initial public offering, according to a filing it submitted to the Securities and Exchange Commission. It plans to offer 555,555,555 shares of common stock at $135 per share.That offering would be over twice as big as the prior record for the largest IPO, which was set by Aramco when it raised $29 billion for its opening in 2019.The updated filing came a week after SpaceX’s initial S-1, which offered an unprecedented look into the finances and…
Andreas Balg Industrial stocks came under pressure as sector returns sharply lagged broader markets. The industrial basket delivered just a 0.65% monthly return, significantly below the S&P 500 (SP500)’s 4.49% gain over the same period. The weakness was heavily concentrated in the
Tesla is expanding the service area for unsupervised robotaxis in Austin as it continues to play catch-up with competitors.The company said in an X post on Wednesday that robotaxi rides without a human operator inside the vehicle are now available in the “entire Austin Metro area.”The move comes about six months after Tesla began removing human monitors who watch for safety incidents in several vehicles.Removing the monitor marked an important milestone as it showed Tesla has become more confident in its self-driving technology.Tesla did not say whether the new coverage area will also come with more unsupervised cars.As with any…
Meta’s metaverse division has a new leader — again.The latest executive shuffle inside Reality Labs comes as Meta continues to scale back parts of its metaverse ambitions and pour billions into AI, raising questions about where the company’s virtual-world strategy fits in its future.Gabriel Aul, who had served as the head of the metaverse products group since October of last year, announced his retirement after a few months on the job in February, according to a memo obtained by Business Insider.”Even though we will still have Gabe for a few more months, please join me in wishing him all the…
Author Ahmed Barakat Author Ahmed Barakat Part of the Team Since Aug 2025 About Author Ahmed Balaha is a journalist and copywriter based in Georgia with a growing focus on blockchain technology, DeFi, AI, privacy, digital assets, and fintech innovation. Share Last updated: June 3, 2026 ChatGPT AI predicts XRP price positioned for a strong 30-day move, targeting $1.55 to $1.80 prediction from a current price of $1.238, with the squeeze scenario toward $1.60 and beyond activating the moment XRP flips $1.35 into support.The bull case Sam Altman’s AI is building is not complicated but the timing element makes it…
The cost of a college education has only been rising, and at some US schools, the annual sticker price now surpasses $100,000.As millions of Americans drown in student debt, some schools have implemented policies to help students better afford higher education, including free-tuition initiatives.The financial aid landscape in the US is often complicated, riddled with ultra-specific jargon, and can look entirely different from family to family. In many cases, “tuition-free” does not mean the entire cost of college is covered, and students may still be responsible for housing, food, books, fees, health insurance, travel, or personal expenses.Some of these schools…
Author Ahmed Barakat Author Ahmed Barakat Part of the Team Since Aug 2025 About Author Ahmed Balaha is a journalist and copywriter based in Georgia with a growing focus on blockchain technology, DeFi, AI, privacy, digital assets, and fintech innovation. Share Fact Checked by CryptoNews Editorial Team Author CryptoNews Editorial Team Part of the Team Since Sep 2018 About Author The CryptoNews editorial team is composed of seasoned writers specializing in cryptocurrency and blockchain technology. Their expertise ensures comprehensive, accurate, and insightful content for… Last updated: June 3, 2026 XRP price has touched a 15-week low of $1.18 before clawing…
At this week’s REITweek conference, scores of REITs came to meet with analysts, investors, and potential investors, updating them on their businesses and prospects. While REITs span a wide spectrum of industries — from shopping malls to warehouses to data centers — they’re all