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SpaceX has completed a $60 billion acquisition of AI coding startup Cursor, effective Aug. 14, filings show, roughly two months after the companies announced a deal. The purchase, one of the largest tech transactions on record, is intended to acceler

2026-08-14

SpaceX has completed a $60 billion acquisition of AI coding startup Cursor, effective Aug. 14, filings show, roughly two months after the companies announced a deal. The purchase, one of the largest tech transactions on record, is intended to accelerate the development of advanced AI tools to automate tasks including software coding. The move is described as a key step in Musk’s effort to catch up with rivals Anthropic and OpenAI. SpaceX’s AI arm has been renamed SpaceXAI; it had limited commercial applications and recently underwent layoffs and restructuring. Cursor launched its AI coding assistant in 2023 to help developers write and debug code and was among the fastest-growing startups during the surge in demand for chat-driven programming tools.

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2026-08-14

Hong Kong-listed gold stocks rallied amid volatility, with China Gold International (02099.HK) surging over 12% after its earnings release, Lingbao Gold (03330.HK) rising over 4%, and Chifeng Gold (06693.HK) and Zijin Mining (02899.HK) following suit

Hong Kong-listed gold stocks rallied amid volatility, with China Gold International (02099.HK) surging over 12% after its earnings release, Lingbao Gold (03330.HK) rising over 4%, and Chifeng Gold (06693.HK) and Zijin Mining (02899.HK) following suit.
2026-08-14

Canada June manufacturing inventory-to-shipments ratio unchanged at 1.61% (prior 1.61%).

Canada June manufacturing inventory-to-shipments ratio unchanged at 1.61% (prior 1.61%).
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