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Cursor, an AI coding tool for developers, continues to eat up venture capital as its valuation continues to rise. On Thursday, as first reported by the Wall Street Journal, Cursor announced a $2.3 billion funding round, valuing the company at $29.3 billion. The round more than doubles the company’s previous valuation of $9.9 billion, which reached $900 million in a Series C round in June. This latest funding was co-led by existing investor Accel and new addition to the cap table, Coatue. Strategic investors such as Nvidia (enterprise customer) and Google (AI model supplier) also participated in this round. Joshua…
President Donald Trump has blamed meatpackers and U.S. cattle ranchers for soaring beef prices, but tariffs on beef, feed, farm equipment and machinery from Brazil, Australia, New Zealand and Uruguay have all added to the spike.The United States is a major buyer of beef exports from Australia, Brazil, and New Zealand.Brazil is the world’s second largest beef producer and the world’s largest beef exporter.Brazilian beef exports tracked by Panjiva fell sharply in July and August after multiple tariffs imposed tiered tariffs totaling 76.4% on Brazilian beef. President Trump imposed 50% tariffs on many Brazilian products in July. Beef exports have…
A worker inspects an outdoor gas pipe at an underground gas storage facility operated by Gas Storage CZ AS in Hacě, Czech Republic, Friday, January 3, 2025.Bloomberg | Bloomberg | Getty ImagesThe International Energy Agency’s latest outlook suggests oil demand could continue to rise until mid-century, reflecting a sharp shift in tone at the world’s energy watchdog and raising further questions about the future of fossil fuels.The Paris-based agency on Wednesday laid out a scenario in its flagship World Energy Outlook in which oil demand reaches 113 million barrels a day by 2050, a 13% increase from 2024 levels.The IEA…
Major League Soccer will step onto a bigger stage next year as all its games will find a new home on Apple TV.Starting with the 2026 season, MLS matches will be available to watch on: apple”s flagship streaming platform. It now includes Major League Baseball games as well as scripted series such as “Severance.”The move marks a major shift for both the league and Apple’s media strategy, with the tech giant ending Season Pass, Apple’s separate subscription service for MLS games.Apple and MLS have signed a 10-year media rights agreement starting in 2022 that will make Apple the exclusive worldwide…
The announcement came after President Petro said Colombia would suspend cooperation with the United States over attacks on suspected drug smuggling ships.Days after President Gustavo Petro announced a suspension of cooperation with the United States over attacks on ships in international waters, Colombian officials said they would continue sharing information with international organizations fighting drug trafficking.Colombian Defense Minister Pedro Arnulfo Sánchez said in a social media post on Thursday that Petro had given “clear instructions” to maintain a “continuous flow of information” with international organizations tackling drug trafficking.Recommended stories list of 3 itemsend of list”The answer to transnational crime is…
A forensic team thoroughly examined the charred skeleton of a car in a busy area of Delhi. Less than 24 hours later, the air outside Islamabad’s judicial complex was thick with the aftermath of a suicide bombing. The two deadly attacks are separate and there is currently no evidence linking the two. But for the two South Asian rivals, the political shock caused by the explosion is a stark reminder of the lingering security problems that are festering beneath the surface across the region. Explosions in heavily fortified capitals are rare, and officials from India, Pakistan and Afghanistan said two…
Sky Sports has launched Sky Sports Halo, a brand new TikTok channel created specifically to engage and entertain female sports fans.Sky Sports Halo provides a comprehensive, dedicated platform for women to enjoy and explore content from all sports, amplifying women’s voices and perspectives. We provide a safe and positive space for women to connect, comment and celebrate sports and culture.The channel also aims to build a welcoming community of female fans, whether casual or passionate, through fun, on-trend and relatable content.Followers can expect a mix of entertainment, inspiration, and the latest sports news, including behind-the-scenes insights, sports fashion and lifestyle…
Over the past two years, LinkedIn has been experimenting with bringing AI to different parts of its platform, including ad copy, content creation, personalized digests, recruiting assistance, career advice, and learning. The company is now finally adding AI to search, one of the most used parts of the site. Earlier this year, the company released a job search tool for its U.S. members that lets them search for jobs using natural language queries. Now, the company is extending this feature to people searches as well. Users can use queries such as “Find a healthcare investor with FDA experience,” “Someone who…
Check out the companies that made headlines before the bell: The Walt Disney Company — The media giant fell more than 4% on mixed fourth-quarter results. The company’s adjusted earnings were $1.11 per share, beating LSEG’s estimate of $1.05 per share. However, sales came in at $22.46 billion, lower than the consensus estimate of $22.75 billion. Firefly Aerospace — Shares of the Texas-based aerospace company rose more than 20% following strong third-quarter results. According to LSEG consensus estimates, Firefly reported a narrower-than-expected adjusted loss and beat revenue expectations for the same period. Firefly also said it expects fiscal 2025 revenue…
tesla powerwall 2Source: Teslatesla The company is recalling about 10,500 Powerwall 2 home backup batteries, according to a disclosure from the U.S. Consumer Product Safety Commission released Thursday.”The lithium-ion battery cells in certain Powerwall 2 systems can cause the unit to fail during normal use, resulting in overheating and possibly smoke and flames, which could result in death or serious injury due to fire or burn hazards,” the CPSC’s recall notice states.Elon Musk’s electric vehicle and clean energy company blamed the problem on “defective third-party battery cells,” but did not name the supplier.According to the recall notice, Tesla has received…