Business

Morgan Stanley Lifts Robinhood Target to $150, Sees 43% Upside

Morgan Stanley raised its Robinhood price target to $150 from $124 on September 1, citing 43% upside from deeper user monetization rather than crypto.

Trump Warns Communities Opposing AI Data Centers Risk Becoming ‘Backwards and Poor’

President Trump warned US communities rejecting AI data centers risk becoming 'backwards and poor,' as local resistance grows ahead of November's midterms.

Trump Says Exxon Entering Venezuela as US Claims 65 Billion Barrels

Trump said Friday the US secured majority control of 65 billion barrels of Venezuelan reserves and that Exxon would return, though gas prices are unlikely

Bessent Urges Japan to Hike Rates and Strengthen Yen

US Treasury Secretary Scott Bessent called on Japan to raise interest rates and steady its finances, pointing to a possible Bank of Japan hike in September

Pentagon Gets 35% Stake in Venezuela Oil Firm Under $100 Billion Deal

The White House confirmed a Venezuela oil deal granting the Pentagon a 35% stake and NABEP 100-year concessions over 17 fields holding 65 billion barrels.

Snowflake Surges After Crossing $1 Billion in Quarterly Revenue

Snowflake shares jumped 12% on Thursday, reaching their highest level since early 2023, after the data analytics company reported quarterly results that exceeded Wall...

Hinge Health Soars in NYSE Debut, Raising $273M in IPO

Hinge Health made a strong debut on the New York Stock Exchange, with shares jumping 23% at the opening and closing the day up...

PillPack Founders Launch General Medicine to Simplify Healthcare Access

Seven years after selling PillPack to Amazon, co-founders TJ Parker and Elliot Cohen have launched a new venture aimed at transforming the American healthcare...

Trump Meme Coin Sparks Controversy Amid Black-Tie Crypto Fundraiser

Nick Pinto, a 25-year-old marketing director at his family’s New Jersey law firm and a seasoned crypto trader, invested $500,000 into the $TRUMP meme...

OpenAI Invests $6.4 Billion in New Hardware Startup to Pioneer AI Computing Era

OpenAI is betting on a new era of computing that will validate its multibillion-dollar investments in custom hardware, according to Chief Financial Officer Sarah...

Microsoft Employees Raise Concerns Over Email Filtering of Palestinian-Related Terms

Microsoft employees have expressed concern that emails containing certain Palestinian-related terms such as “Palestine,” “Gaza,” “genocide,” “apartheid,” and “IOF off Azure” are being blocked...

Amazon Shareholders Reject Proposal to Permanently Separate CEO and Board Chair Roles

Amazon shareholders recently voted against a proposal that would require the company to maintain a permanent separation between the roles of CEO and board...

BYD Surpasses Tesla in European Electric Vehicle Sales Despite Higher Tariffs

Chinese electric vehicle manufacturer BYD achieved a milestone in April by selling more pure battery electric vehicles (BEVs) in Europe than Tesla for the...

Apple Boosts Trade-In Offers in China Amid Intensifying Competition and Market Challenges

Apple has increased trade-in values for its iPhones in China, offering customers more money toward their next purchase by trading in old devices, signaling...

Palantir CEO Alex Karp Sells $50 Million in Shares Amid AI-Driven Market Surge

Palantir CEO Alex Karp has recently sold more than $50 million worth of shares in the artificial intelligence software company, according to securities filings....

Trump Threatens 25% Tariff on iPhones Amid Dispute with Apple Over U.S. Manufacturing

The once solid relationship between President Donald Trump and Apple CEO Tim Cook is showing clear signs of strain over the issue of iPhone...

Intuit Shares Surge 8% After Strong Q3 Results and Optimistic AI-Driven Outlook

Shares of Intuit jumped 8% following the company’s announcement of its fiscal third-quarter results, which exceeded analysts’ expectations and featured an optimistic forecast for...

Trump’s Meme Coin Faces Price Drop After Exclusive Gala Amid Regulatory Concerns

The price of President Donald Trump’s meme coin fell by 16% on Friday morning, just hours after he hosted a black-tie gala at his...

Amazon’s Zoox Issues Second Software Recall Following Robotaxi Incident in San Francisco

Amazon’s autonomous vehicle unit, Zoox, has issued a voluntary software recall for the second time in a month following a recent crash involving one...

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