Brazilian mobile banking app PicPay has filed for a U.S. initial public offering, aiming to raise around $500 million. The company, backed by the Batista family, posted a 79% jump in profit for the first nine months of 2025.
SanDisk is officially retiring the WD Black and WD Blue SSD names, replacing them with a new Optimus lineup. The transition marks the final step in separating from Western Digital and will roll out through the first half of 2026.
Michael Saylor’s MicroStrategy recorded a staggering $17.44 billion unrealized loss last quarter as bitcoin’s price fell. The accounting rule change forces the company to show the fair value of its crypto stash each quarter, creating huge paper swings.
In Kenya’s Great Carbon Valley, a startup called Octavia Carbon is running a high-stakes test. It’s using geothermal energy to power machines that suck CO2 from the air, betting it can make the expensive process work at scale.
Jacobs Solutions is acquiring the remaining stake in UK-based PA Consulting for 1.216 billion pounds ($1.64 billion). The deal, expected to close by mid-fiscal 2026, aims to boost Jacobs’ services in high-growth sectors like advanced manufacturing and life sciences.
The legendary fund that seeded D.E. Shaw is trying to reinvent itself again. After a turbulent 18 months, new CEO Ravi Singh is pushing a diversified, talent-friendly strategy. But can it compete with giants like Citadel and Millennium?
The Agnelli family’s Exor NV and Ferrari’s founding family have agreed to extend their governance pact for the luxury carmaker. The agreement, set to run until at least January 2029, aims to provide continuity as Ferrari navigates the development of its first fully-electric model.
A criminal is selling what they claim is 139 GB of sensitive engineering data stolen from a firm that works with major US utilities. The data includes detailed LiDAR maps and design files for transmission lines and substations. The asking price is about $585,000 in bitcoin.
Airbus is launching a major tender to migrate its most sensitive workloads to a European cloud provider. The contract, worth over €50 million, aims to move ERP, CRM, and aircraft design systems. However, executives admit there’s only an 80% chance they’ll even find a suitable European supplier.
Tesla reported a 9% drop in annual vehicle deliveries for 2025, with a steep 16% decline in the crucial fourth quarter. The company is missing analyst estimates as it tries to pivot toward robotics and autonomy.
