by Jibran Munaf | September 13, 2024 | Corporate Finance, Technology
OpenAI is reportedly in discussions with investors to raise $6.5 billion in new funding at a pre-money valuation of $150 billion, according to sources cited by Bloomberg. This figure marks a significant jump from the AI company’s last reported valuation of $86...
by Jibran Munaf | September 8, 2024 | Corporate Finance, Markets
Shares of Dell and Palantir surged around 7% in extended trading on Friday following an announcement from S&P Global that both companies will be added to the prestigious S&P 500 index. Palantir, a software maker, will replace American Airlines, while Dell will...
by Jibran Munaf | August 31, 2024 | Corporate Finance, Energy
The Initial Public Offering (IPO) for NMDC Energy, a subsidiary of the NMDC Group, saw overwhelming demand, becoming oversubscribed within just a few hours of the first day of its subscription period, according to an announcement by NMDC Group on Monday. Strong...
by Jibran Munaf | August 31, 2024 | Corporate Finance, Editorials, Finance
Warren Buffett, renowned as the “Oracle of Omaha,” celebrated his 94th birthday this past Friday, leading his conglomerate, Berkshire Hathaway, to its highest valuation ever. For the first time, Berkshire Hathaway, known for its diverse range of...
by Jibran Munaf | August 29, 2024 | Automotive, Corporate Finance
Chinese electric vehicle (EV) manufacturer BYD has reported a significant increase in net profits for the second quarter of 2024, demonstrating strong market performance despite aggressive pricing strategies and international challenges. View this post on...
by Jibran Munaf | August 29, 2024 | Corporate Finance, Wealth Management
Warren Buffett’s Berkshire Hathaway reached a $1 trillion market capitalization on Wednesday, marking the first non-technology company in the United States to achieve this milestone. This achievement highlights the unique position of Berkshire Hathaway in the market,...