Author: GT

Nikola’s hydrogen trucks are officially up for auction, one of the company’s last big steps in unloading all of its assets after filing for bankruptcy in February. Auction house Gordon Brothers reached an agreement with Nikola in Delaware bankruptcy court to purchase the hydrogen trucking assets late last week. Over the weekend, Gordon Brothers published the listing and a brochure detailing everything for sale. The auction house says it has around $114 million worth of hydrogen trucks, raw material, and sub-assemblies. That includes 103 finished hydrogen fuel cell-powered trucks, along with spare batteries, tires, and other components. Gordon Brothers is…

Jamie Dimon, chief executive officer of JPMorgan Chase & Co., speaks during the 2025 National Retirement Summit in Washington, DC, US, on Wednesday, March 12, 2025.Al Drago | Bloomberg | Getty ImagesJPMorgan Chase is finally allowing clients to buy bitcoin. But CEO Jamie Dimon is still a skeptic.”We are going to allow you to buy it,” Dimon said at the bank’s annual investor day on Monday. “We’re not going to custody it. We’re going to put it in statements for clients.”The decision marks a notable step for the largest U.S. bank, particularly due to Dimon’s history of criticizing the digital…

Pharmaceutical maker Regeneron announced Monday it will buy genetic testing company 23andMe for $256 million following a bankruptcy auction.  Regeneron said it will acquire 23andMe’s genomics service and its bank of 15 million customers’ personal and genetic data as part of the deal. The pharma giant said it plans to use the 23andMe customer data to help drug discovery, and that it will “prioritize the privacy, security, and ethical use of 23andMe’s customer data.” 23andMe filed for bankruptcy protection in March after a data breach exposed the private and genetic data of 7 million customers throughout 2023. The company’s stock…

Microsoft CEO Satya Nadella speaks at an event commemorating the 50th anniversary of the company at Microsoft headquarters in Redmond, Washington, on , April 4, 2025.David Ryder | Bloomberg | Getty ImagesMicrosoft’s GitHub unit on Monday introduced a Copilot artificial intelligence agent that can take on specific programming work and inform people once it has finished.From there, developers can check the agent’s work from GitHub, a widely used repository for code. They can request modifications and then allow GitHub to add the source code to existing files.The launch, announced at Microsoft’s Build developer conference in Seattle, shows that the technology…

As the playoffs rage on, Bluesky announced that it is beta testing a new feature during the NBA playoffs. While an NBA game is in progress, a red border with a “live” designation will appear around posts from the NBA’s account. When users click on the NBA’s profile picture, they will be redirected to the event they’re promoting, even if that means sending users away from Bluesky. “We aren’t trapping you in Bluesky,” wrote Rose Wang, COO of Bluesky, in a post on Sunday. “We want you to use Bluesky to discover what’s happening.” Under its previous ownership, Twitter had…

Ray Dalio, founder of Bridgewater Associates LP, speaks during the Greenwich Economic Forum in Greenwich, Connecticut, US, on Tuesday, Oct. 3, 2023.Bloomberg | Bloomberg | Getty ImagesBridgewater Associates founder and billionaire Ray Dalio warned Monday that Moody’s downgrade of the U.S. sovereign credit rating understates the threat to U.S. Treasurys, saying the credit agency isn’t taking into account the risk of the federal government simply printing money to pay its debt.”You should know that credit ratings understate credit risks because they only rate the risk of the government not paying its debt,” Dalio said in a post on social media…

A view of the 23andMe headquarters in Sunnyvale, California, on March 25, 2025.Tayfun Coskun | Anadolu | Getty ImagesRegeneron Pharmaceuticals on Monday announced it will acquire “substantially all” of 23andMe’s assets for $256 million.The drugmaker participated in a bankruptcy auction for 23andMe, a once high-flying genetic testing company that filed for for Chapter 11 bankruptcy protection in March. Regeneron is buying 23andMe’s Personal Genome Service, Total Health and Research Services business lines, according to a release.”We believe we can help 23andMe deliver and build upon its mission to help people learn about their own DNA and how to improve their…

Shortly after the opening bell, we will be buying 35 shares of GE Vernova at roughly $418.25. Following Monday’s trade, Jim Cramer’s Charitable Trust will own 80 shares of GEV, increasing its weighting to about 1.0% from 0.55%. The S & P 500 was indicated about 1% lower, and Treasury yields rose after Moody’s late Friday downgraded the U.S. credit rating one notch from the highest Aaa to Aa1. Moody’s was the last of the three major credit rating agencies to downgrade the U.S. from a triple-A rating. Standard & Poor’s cut its rating in 2011, and Fitch downgraded the…

Deel has lobbed a new volley in the ongoing legal battle with rival HR tech startup Rippling. Deel filed a motion, containing a series of letters, asking the Irish court to make Rippling hand over information. In one letter, Deel wants unredacted versions of witness affidavits, including the famed one by former Rippling employee, Keith O’Brien. In a story full of plot twists that reads like a movie, O’Brien admitted in an Irish court to being a spy for Deel, according to the affidavit released by Rippling. Rippling filed a lawsuit against Deel in March that alleges misappropriation of trade…

Uber is entering India’s growing B2B logistics market by extending its partnership with the Indian government-backed nonprofit that aims to break the domination of the e-commerce duo Amazon and Walmart-backed Flipkart and widen digital commerce in the South Asian nation. On Monday, the ride-hailing giant announced it will soon launch its B2B logistics service through the Open Network for Digital Commerce (ONDC) to help businesses on the network access on-demand logistics through Uber’s 1.4 million driver network, without disclosing a specific timeline. The service will initially enable food deliveries for businesses operating on the open network, but is aimed to…