Business

Okta Jumps 20%, CrowdStrike Surges 15% as AI Fuels Cyber Spending

Okta rose about 20% and CrowdStrike 15% on August 27 as AI-driven threats push companies to spend more on cybersecurity, lifting tech stocks.
Business Lynn Hatem -

Meta Agrees to $18bn Settlement, Adds Curfews and Time Limits for Child Users

Meta agreed to an $18 billion settlement and will add night curfews and two-hour daily limits for child users on Instagram and Facebook in the US.
Business Lynn Hatem -

Malaysia’s Anwar Unveils Cost-of-Living Measures Taking Effect September 1

Malaysian PM Anwar Ibrahim announced cost-of-living relief measures on Sunday, including restored fuel subsidy quotas and funding for schools and small tra
Asia Lynn Hatem -

Norway’s King Harald V Dies at 89, Son Haakon VIII Takes Throne

King Harald V of Norway died Friday at 89. His son, Crown Prince Haakon, 53, became King Haakon VIII and paid tribute in his first speech.
Europe Lynn Hatem -

Bank of America Says Buy Affirm Despite Modest Growth Guidance

Bank of America says Affirm shares could climb further after earnings, even as the buy now, pay later firm issued only a slight growth upgrade.
Business Lynn Hatem -
Latest

Aschenbrenner’s AI Hedge Fund Faces Margin Calls, Drawing Comparisons to LTCM Collapse

Leopold Aschenbrenner's AI hedge fund Situational Awareness faces margin calls after a 439% surge, drawing comparisons to the 1998 collapse of LTCM.

Micron Shares Slide After Tim Cook Signals Push for More Memory Suppliers

Micron stock slid after Apple CEO Tim Cook signaled a push to diversify memory chip suppliers amid rising prices, unsettling investors betting on pricing p

Markets Read Warsh’s Fed as Dovish, but His Words Hint at Possible Rate Hike

A gap between how markets read Fed Chair Kevin Warsh and his own remarks raises fresh questions about the central bank's stance on interest rates and infla

Ferguson Enterprises Shares Surge on S&P 500 Inclusion, Edging Out Bigger Names

Ferguson Enterprises stock rallied more than 8% after the Virginia-based industrial distributor was named the newest addition to the S&P 500 index.

Jersey Mike’s Debuts on NYSE, Pricing $1 Billion IPO at $23 per Share

Jersey Mike's debuted on the New York Stock Exchange, pricing its IPO at $23 per share and raising roughly $1 billion as consumer-brand listings gain momen

Linde Shares Slide After Earnings, Prompting Debate Over Buying Opportunity

Linde shares fell sharply after quarterly earnings, one of the steepest drops in a year, prompting debate over whether the slide is a buying opportunity.

Short Sellers Target SpaceX as New Deal and Lockup Expiration Loom Ahead of Earnings

Short sellers are piling into SpaceX ahead of earnings and a share lockup expiration, even as a new mega deal draws market attention to the aerospace giant

Google Withdraws AI Imaging Tool in Google Earth Following Disinformation Fears

Google has withdrawn a new AI visualisation feature in Google Earth after researchers warned it could be used to create misleading satellite imagery.

Nuclear Giant Westinghouse Confidentially Files for US Initial Public Offering

Nuclear power leader Westinghouse Electric has confidentially filed for a US initial public offering amid surging demand for atomic energy.

Reddit Shares Plunge as Search Traffic Warnings Overshadow Strong Earnings Beat

Reddit stock fell about 21% in a record drop as warnings over volatile Google search referrals and soft US user growth overshadowed a strong earnings beat.

DexCom Shares Surge as Glucose Monitor Maker Posts 13% Revenue Growth in Second Quarter

DexCom shares jumped after the glucose monitor maker reported 13% second-quarter revenue growth and updated its full-year outlook.

Amazon Stock Surges Toward Best Day in Years as AWS Cloud Growth Accelerates

Amazon shares soared toward their best day in more than a decade as AWS cloud growth accelerated, driven by rising demand for AI infrastructure.

Coinbase Shares Slide After Third Straight Quarterly Miss on Revenue and Earnings

Coinbase stock fell after the crypto exchange missed Wall Street forecasts for revenue and earnings for a third consecutive quarter, despite a Bitcoin rall

Chime to Cut 10% of Workforce, Citing Efficiency Gains from Artificial Intelligence

Digital banking firm Chime plans to reduce its workforce by around 10%, citing efficiency gains from artificial intelligence, joining a wave of AI-driven j

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