"You can bet that if the FAIR Plan goes bankrupt - and it's a good bet it will - the insurance companies will come after us to pay the debts that they owe," said Jamie Court, president of Consumer Watchdog.

Goldman Sachs and JPMorgan Chase kicked off bank earnings season with blowout results. Here's what it could mean for hiring across Wall Street.

Databricks said on Wednesday Meta Platforms had joined as an investor in a $10 billion funding round intended to fuel the data analytics startup's expansion plans and new product development.

Even as four wildfires continued to burn in Los Angeles County Wednesday, the blazes were already rewriting the record books.

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Citigroup saw similar strengths, posting a $2.86 billion profit compared with a year-ago net loss of $1.84 billion. Among other financial firms, trust bank and asset manager Bank of New York Mellon rose by more than 7% as it raked in higher fees from clients. Shares of credit-card lender American Express rose in sympathy.

US-based data and AI company Databricks has raised $15.2bn through a combination of debt and equity funding. The company has announced the completion of its $10bn Series J funding round, which brings its valuation to $62bn.

Shares of Reddit, Inc. (NYSE:RDDT – Get Free Report) hit a new 52-week high during trading on Tuesday after Raymond James raised their price target on the stock from $150.00 to $200.00. Raymond James currently has a strong-buy rating on the stock.

Meta Joins $10 Billion Databricks Funding Round Amid AI Boom Databricks announced that Meta Platforms (NASDAQ:META) participated in its $10 billion Series J funding round, valuing the data analytics startup at $62

Databricks, a competitor for data cloud platforms such as Snowflake, has raised $15B through recent funding and debt financing, and also gained Meta Platforms as a strategic investor. Read more here.

Data analytics platform Databricks has confirmed that it has closed a previously announced $10 billion in Series J equity financing at a $62 billion valuation. The San Francisco-based company also added a further $5.

DBS analyst Nashrullah Putra Sulaeman maintained a Buy rating on Uber Technologies (UBER – Research Report) today and set a price target of