Alcoa Plunges Most In Year After CFO Warns Alumina Unit "Will Be Underwater" Amid Hormuz Disruption

SpaceX Acquires Cursor AI In $60 Billion Deal As Coding Agent Race Heats Up SpaceX has agreed to acquire AI coding startup Cursor for $60 billion, giving Elon Musk's artificial intelligence empire a leg up in the chatbot coding race currently led by frontier AI labs such as OpenAI, Anthropic, and Google. The Cursor acquisition was announced in a SpaceX 8-K filing with the SEC on Tuesday morning. Details of the deal show that Cursor shareholders will receive SpaceX Class A common stock, implying a Cursor equity value of $60 billion. The...

NorCal Couple Scammed Of $18,000 From Fake Checks And Online Payments A retired Northern California couple is speaking out after scammers allegedly drained nearly $18,000 from their checking account through a combination of counterfeit checks and unauthorized online payments, setting off a weeks-long battle to recover their money, according to ABC 7. The couple first realized something was wrong after stopping at an ATM and noticing that their account balance was far lower than expected. A review of their bank records uncovered three checks they say they never wrote, along with...

The One Market Where Meta's New AI Glasses Can't Be Sold Meta Platforms' new AI Ray-Ban smart glasses with a built-in display are facing three major roadblocks in the European Union, where battery rules, AI regulations, and supply constraints have derailed plans to roll out the glasses across the continent. Bloomberg spoke with people familiar with the new AI glasses, an upgrade over the previous model, which lacked built-in optics, and warned that Meta is attempting to launch the glasses in the EU, but its manufacturing partner, EssilorLuxottica SA, will...