Google is planning to raise $80 billion, with a $10 billion co-investment from Berkshire Hathaway.
On June 2, Bloomberg reported that Google parent Alphabet plans to raise $80 billion via a comprehensive equity financing package to fund its AI infrastructure and computing power initiatives. The package comprises three components: a $40 billion at-the-market (ATM) stock issuance program launching in the third quarter, $30 billion in underwritten common stock and mandatory convertible preferred stock, and a $10 billion investment deal with Berkshire Hathaway—collectively making it one of the largest equity transactions in history.
Alphabet cited AI as the catalyst for its upcoming expansion phase, noting the new capital will enable it to build the infrastructure needed to pursue future growth opportunities. CFO Anat Ashkenazi previously stated that Alphabet’s 2027 capital expenditure will be significantly higher than its $190 billion maximum budget for 2026. Bloomberg Intelligence analyst Mandeep Singh estimates the company’s capital spending could hit $300 billion next year with the
6 minutes ago
HYPE Short-Term Breaks Above $75 Again to Hit New All-Time High, Surging Over 85% Since May
June 2nd – Per HTX market data, HYPE has recently surged past $75 to hit a new all-time high, currently trading at $73.64. It has gained more than 2.5% over the last 24 hours and is up over 85% since May 1st.
Its current market capitalization sits at $16.36 billion, pushing it past Dogecoin (DOGE) to claim the 7th spot on the non-stablecoin cryptocurrency market capitalization rankings. Meanwhile, its fully diluted valuation (FDV) reaches $702 billion.
6 minutes ago
To Preserve Iran Nuclear Deal, Trump Swears at Netanyahu, Oil Price Surges Over 7% Before Falling
June 2nd — U.S. President Donald Trump is making a push to get U.S.-Iran negotiations back on track. But his efforts hit a snag after a tense argument with Israeli Prime Minister Benjamin Netanyahu over Israel’s stepped-up military actions in Lebanon.
Iran announced Monday it’s temporarily pausing talks with the U.S. amid the ongoing conflict in Lebanon. Trump later took to Truth Social, writing that he had asked Netanyahu “not to launch a large-scale attack on Beirut, Lebanon.” He added he’d spoken with a Lebanese Hezbollah representative, who agreed to stop firing at Israel and its troops — and Israel also committed to a ceasefire.
In comments to ABC, Trump says he believes he’ll lock in an agreement with Iran to extend the ceasefire and reopen the Strait of Hormuz within the “next week.” He noted there was a “slight hitch” on Monday because Iran was frustrated by Israel’s attack on Lebanon, and he’s since reached out separately to Hezbollah and Netanyahu to push both sides to
6 minutes ago
U.S. Stock Market Close, Three Major Indexes Hit Record Highs, NVIDIA Surges Over 6%
Monday, June 2nd, per Bitget data, U.S. stock markets closed out the trading session with all three major benchmarks hitting fresh record highs. The Dow Jones Industrial Average edged up 0.09%, the S&P 500 gained 0.26%, and the Nasdaq Composite climbed 0.4% to their respective new peaks. For individual stocks, Nvidia (NVDA) surged 6.26%, Oracle (ORCL) jumped nearly 10%, Qualcomm (QCOM) slid almost 9%, and Tesla (TSLA) dropped by 4.5%.
6 minutes ago
Trump: Deal Expected to Be Reached Within the Next Week, Today Was Just a Minor Incident
June 2 – According to ABC News, U.S. President Donald Trump stated Tuesday that he is confident he will finalize an agreement with Iran within the coming week to extend the ceasefire and reopen the Strait of Hormuz. “Progress is going very well,” Trump remarked. “There was a minor incident today, but I moved quickly to resolve it.”
Trump explained the incident stemmed from Iran’s dissatisfaction with Israel’s attack on Lebanon. “I spoke to Hezbollah and told them not to fire; then I contacted Netanyahu and delivered the same message. As a result, both sides stopped shooting,” he said.
Additionally, Trump noted that a peace agreement with Iran could be “even better than achieving a military victory.” When asked about the timeline for finalizing and approving the memorandum of understanding (MOU) to reopen the strategic waterway, Trump added, “I think this will likely be accomplished within the coming week.” He also revealed he has not yet formally signed the deal, noting “a few key de
6 minutes ago
In the last 24 hours, there has been a total of $640 million worth of liquidations across the entire network, with the majority coming from long positions.
On June 2, data from Coinglass shows the entire crypto network recorded $640 million in liquidations over the past 24 hours. Breakdowns reveal $483 million in long-position liquidations and $157 million in short-position liquidations. A total of 156,147 people worldwide were liquidated during this timeframe. The largest single liquidation event took place on Binance against a USDT trading pair, totaling $6.2878 million.
6 minutes ago