Search results for "MATTER"
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16:21

Salesforce plans to issue up to $25 billion in bonds for stock buybacks

Gate News Report, March 10 — According to sources familiar with the matter, customer relationship management (CRM) software company Salesforce is planning to issue up to $25 billion in bonds to fund a stock buyback, which would be the largest bond issuance in the company's history. The sources said the company plans to issue at least $20 billion in bonds in the U.S. market. As the details have not been publicly disclosed, the sources requested anonymity. The sources also mentioned that the bonds could be issued as early as this week, but the exact timing may still change.
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09:46

Stablecoin payment company KAST completes $80 million funding, valuing at $600 million

Gate News Report, March 9 — Stablecoin payment company KAST completed its latest funding round, raising $80 million, with a valuation of $600 million. Sources familiar with the matter revealed that KAST's annual revenue run rate is expected to reach $100 million this year. This funding round further confirms the trend of venture capital firms continuing to increase their investments in the digital dollar account sector, with related startups attracting significant capital inflows.
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02:15
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Oracle plans to cut thousands of jobs to cope with funding pressures for AI data center construction

Gate News Report, March 9 — According to Bloomberg, Oracle Corp. plans to cut thousands of jobs to address financial strain caused by large-scale AI data center construction. Sources familiar with the matter revealed that the layoffs will affect multiple departments and could begin as early as this month. As the plans are still internal information, these sources requested anonymity. Two of the sources stated that some layoffs will focus on job categories expected to see reduced demand in the future, partly because the application of artificial intelligence will replace certain jobs.
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00:36

Prediction market platforms Kalshi and Polymarket are both seeking funding at a $20 billion valuation

Gate News Report, March 8 — According to The Wall Street Journal, prediction market platforms Kalshi and Polymarket are in talks with potential investors for a new round of funding, with target valuations of approximately $20 billion each. Sources familiar with the matter revealed that both companies were valued at around $10 billion at the end of last year, and this funding round aims to double their valuation compared to late 2022. As competition in the prediction market intensifies, both sides are accelerating efforts to attract user growth and leverage this to drive negotiations for a new funding round.
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01:38

PancakeSwap responds to accusations of using Curve code, stating they will communicate directly for discussion.

Gate News Announcement, March 7 — In response to Curve Finance's allegations that PancakeSwap appears to have used its Stableswap code without permission and borrowed security practices to safeguard user funds, violating open-source license agreements, PancakeSwap issued a statement saying it will directly contact the Curve Finance team to discuss the matter.
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11:11

The Washington Post: Russia provides Iran with U.S. military positioning information, indirectly intervening in the Middle East conflict

Gate News Report, March 6 — The Washington Post reported that, according to three intelligence officials familiar with the matter, Russia is providing Iran with location information to target U.S. forces in the Middle East. This is the first indication that another major U.S. adversary is involved in the Middle East conflict, even if only indirectly.
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10:54

Jefferies: Oracle's stock price is excessively undervalued

BlockBeats News, on March 6, J.P. Morgan analysts wrote in a report that investors are overlooking the upside potential of Oracle (ORCL.N). The analysts stated that although Oracle's core software business remains highly profitable and the optimism around artificial intelligence shows resilience, the company's stock has fallen about 36% from its September peak. Additionally, according to sources familiar with the matter, the cloud computing provider plans to lay off thousands of employees across departments due to rising costs driven by AI data center expansion. Oracle's stock rose 1% in pre-market trading. (Jin10)
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09:54

The Trump administration is not currently considering involving the Treasury Department in oil futures trading.

Gate News Report, on March 6,, sources familiar with the matter revealed that the Trump administration is currently not considering involving the U.S. Department of the Treasury in oil futures (crude oil and other energy commodities derivatives) trading. It is reported that government officials had previously discussed involving the Treasury in energy futures trading, but ultimately concluded that the Treasury's ability to exert a substantial impact on the market is limited.
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06:58

Insider: The Trump administration is currently not considering involving the Treasury Department in oil futures trading.

BlockBeats News, March 6 — Sources familiar with the matter revealed that the Trump administration is currently not considering involving the Treasury Department in oil futures trading. Government officials had discussed involving the Treasury Department in energy futures buying and selling, but they believe the Treasury's ability to have a substantial impact on the market is limited. (Jin10)
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