Funding & Business
CoreWeave to Buy Core Scientific for $9 Billion
CoreWeave is buying Core Scientific for $9 billion in an all-stock deal. It’s expected to close in the fourth quarter. In buying Core Scientific in an all-stock deal, CoreWeave will inherit more than a gigawatt of data-center capacity across the US — much of which is already contracted out to serve its clients in training, deploying and using AI models. Liana Baker reports. (Source: Bloomberg)
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Benchmark copper futures fell in London after US President Donald Trump said he planned to implement a 50% tariff on imports, a move that’s likely to spark further upheaval in global metal markets.
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Gold held a decline after President Donald Trump said the new August deadline for the start of so-called “reciprocal” tariffs won’t be delayed, with nations expected to use the extended window to continue negotiating with the US.
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Oil steadied as traders weighed signs of swelling US crude stockpiles and the fallout from President Donald Trump’s tariff regime.
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