The funding round for Skims, Kim Kardashian’s brand, closed at $225 million led by Goldman Sachs Alternatives, raising the company’s valuation to $5 billion as opposed to $4 billion in its 2023 round. Plans to expand the company’s physical presence are in effect, along with product diversification.
Anthropic, an AI firm, announced a substantial investment of $50 billion into AI infrastructure over the coming years, primarily for building data centers in New York and Texas. The commitment is likely to boost the stakes for GE Vernova, Eaton and Dover, as these companies are involved in building data centers.
President Trump’s firing of Federal Reserve Gov. Lisa Cook will be reviewed by the Supreme Court on Jan 21st. Cook filed a lawsuit to block her removal following Trump’s allegation of mortgage fraud against her.
AI startup Code Metal has raised $36.5 million in a round led by venture firm Accel Partners. Its software assists developers by translating code into any programming language, thereby accelerating product deployment. Code Metal has already entered contracts worth millions with multiple commercial and public sector clients.
Goldman Sachs and Eli Lilly touched a new intraday high, with the former increasing by 3%. Eli Lilly crossed $1,000 per share for the first time. At the same time, Novo Nordisk, a Danish pharmaceutical company, released data at the ObesityWeek scientific conference to propose the safety and effectiveness of the oral version of its obesity drug Wegovy. It is expected to be approved by the year-end.
Advanced Micro Devices (AMD) stocks surged by 9% after bullish predictions by CEO Lisa Su that the market for data center chips could reach $1 trillion by 2030. CNBC’s Investing Club with Jim Cramer forecast that AMD and Nvidia stocks will see growth in the near future.
The government shutdown could prevent the release of crucial economic data for October, including the monthly nonfarm payrolls count and consumer price index, resulting in potential impairment of policymaking for the Federal Reserve, says White House Press Secretary Karoline Leavitt.
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Skims valued at $5 billion after new funding round as it accelerates store expansion
What Anthropic’s $50 billion AI infrastructure investment means for these 3 portfolio stocks
Supreme Court to hear arguments on Trump bid to fire Fed Gov. Lisa Cook on Jan. 21
White House says October jobs and inflation data may never be released
Flight cancellations ease, hitting lowest rate in almost a week, with end to the shutdown in sight
AI startup Code Metal is going beyond vibe coding with the help of $36 million in fresh capital
Why we trimmed two stocks ahead of earnings, plus AMD soars on $1 trillion pledge
Stocks making the biggest moves midday: Goldman Sachs, AMD, Oklo, Circle Internet & more
Healthy Returns: Novo Nordisk boosts the case for its upcoming obesity pill with additional data
Jim Cramer says Eli Lilly should soon top a $1 trillion stock market value