Author: Daniel snow

Archer Aviation co-founders Brett Adcock (L) and Adam Goldstein (R) unveil the Archer Maker on June 10, 2021 in Hawthorne, California.Patrick T. Fallon | AFP | Getty ImagesArcher Aviation’s stock dropped as much as 15% on Friday after the air taxi maker said it sold $850 million worth of shares.The electric vertical takeoff and landing vehicle, or eVTOL, company said Thursday it plans to use the financing to support new infrastructure and the rollout of an artificial intelligence-based aviation software platform. The money will also support its Launch Edition program, including an official partnership to provide air taxi services during…

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Chime made a successful public debut on the Nasdaq Thursday as shares of the fintech name popped 37% — one of many wins for the IPO market in June. Chime’s high-profile initial public offering came on the heels of space tech company Voyager Technologies and stablecoin issuer Circle debuting on Wednesday and last Thursday , respectively. Voyager surged 82% on its first day; Circle flew 168%. Other deals also are in the pipeline, with forthcoming listings from crypto exchange Gemini and cancer diagnostics firm Caris Life Sciences, which is targeting a valuation of up to $5.3 billion. The string of…

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Writer E. Jean Carroll arrives at the 2nd U.S. Circuit Court of Appeals, where former U.S. President Donald Trump will arrive to ask a federal appeals court to overturn a $5 million jury verdict finding him liable for sexually assaulting and defaming her, who accused Trump of raping her nearly three decades ago, in Manhattan, New York, U.S., September 6, 2024. Adam Gray | ReutersRead more CNBC politics coverageTwo 2nd Circuit judges dissented from Friday’s decision not to grant a so-called en banc rehearing of the case.Their written dissent said the panel “sanctioned striking departures” from legal precedent “to justify the…

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