Reddit prices IPO at $34 per share, valuing company at $6.5 billion

In this photo illustration a Reddit logo is seen displayed on a smartphone. Mateusz Slodkowski | Sopa Images | Lightrocket | Getty Images Reddit, the 19-year-old website that hosts millions of online forums, priced its IPO on Wednesday at $34 a share, the top of the expected range. The offering brought in $519 million, according … Read more

European Union announces $8 billion package of aid for Egypt

CAIRO — The European Union on Sunday announced a $8 billion aid package for cash-strapped Egypt amid concerns that economic pressure and conflicts and chaos in neighboring countries could drive more migrants to European shores. The deal is scheduled to be signed during a visit by European Commission president Ursula von der Leyen and the … Read more

An overlooked corner of women’s health may be $350 billion market opportunity

Peathegee Inc | Tetra Images | Getty Images After years of being ignored, menopause has entered the public conversation. Celebrities from Drew Barrymore to Naomi Watts have opened up about symptoms and promoted products. Yet despite the increased chatter, there is a long way to go when it comes to treating symptoms — and a … Read more

Lottery player won $1.765 billion Powerball jackpot in CA. Now officials identify them

A lucky Powerball player in California scored the $1.765 billion jackpot during the Oct. 11, drawing. Their identity is no longer a mystery. Theodorus Struyck has been identified as the person to represent “the group of winners who bought that ticket” at a Midway Market in Frazier Park, the California Lottery said in a March … Read more

Britain’s Vodafone confirms sale of Italian arm to Swisscom for $8.7 billion

LONDON — British cellphone company Vodafone confirmed Friday that it is selling its Italian business to Switzerland’s Swisscom for 8 billion euros ($8.7 billion) and will hand back half of the proceeds to its shareholders through the buyback of company shares. Vodafone said the move, with talks first announced Feb. 28, represented an “attractive valuation” … Read more

Applied Intuition lands $6 billion valuation for AI-powered autonomous vehicle software

Autonomous vehicle software company Applied Intuition has raised $250 million in a round that values the startup at $6 billion, as it pushes to bring more artificial intelligence to the automotive, defense, construction and agriculture sectors. The eye-popping funding round is the latest example of investor fervor for AI. Applied Intuition appears to have nailed … Read more

Biden is spreading $442 billion across the US. The impact could be greatest where he’s least popular.

Two signature laws of the Biden administration are spreading hundreds of billions across the country, funding everything from new roads in Florida to broadband lines in Alaska to green energy projects in California. But where that $442 billion (so far) will have the most impact are places where voters are least likely to support Joe … Read more

India inks ‘watershed’ $100 billion free trade deal with four non-EU nations

India flag, stock market, exchange economy and Trade, oil production, container ship in export and import business and logistics. Texbr | Istock | Getty Images India will lift most tariffs on four nations in Europe in a “watershed” deal that is expected to yield $100 billion worth of investment over 15 years and one billion … Read more

India signs a trade accord with 4 European nations for $100 billion investment over 15 years

NEW DELHI — India signed a trade agreement with Iceland, Liechtenstein, Norway and Switzerland on Sunday that includes a commitment of $100 billion investment and creating 1 million direct jobs in India in the next 15 years, officials said. India on its part committed to reducing import tariffs on industrial products from the four European … Read more

Saudi oil giant Aramco announces $121 billion profit last year, down from 2022 record

DUBAI, United Arab Emirates — Saudi oil giant Aramco on Sunday reported it made $121 billion in profit last year, down from its 2022 record due to lower energy prices. The results still marked the company’s second highest ever result, Aramco said, as members of the OPEC+ alliance continue to cut their production to try … Read more