Business

Dell Surges 9% After Tripling AI Server Forecast, Backlog Hits $95 Billion

Dell shares jumped 9% on September 1 after raising its fiscal 2027 AI server forecast to triple, with order backlog reaching $95 billion.

Anthropic Signs $35 Billion Cloud Deal With Nvidia-Backed Lambda

Anthropic has agreed to a $35 billion cloud computing deal with Nvidia-backed Lambda, adding to a rapid series of AI compute commitments.

Global Bond Selloff Pushes Yields to Highest Levels Since 2008

A worldwide bond selloff has pushed government yields to their highest since 2008, raising mortgage, loan and financing costs for households and businesses

John Ternus Takes Over as Apple CEO, Ending Cook’s 15-Year Run

John Ternus became Apple's CEO on Tuesday, ending Tim Cook's 15-year run as the company faces AI pressure and rising memory prices.

Global Bond Yields Hit Multi-Decade Highs as Iran Conflict Revives Inflation Fears

Bond yields surged across major markets on September 1 as US-Iran hostilities revived energy and inflation fears, driving Japan and UK rates to decades-hig

Florida Judge Dismisses Most Claims Against Celebrities Promoting FTX

A Florida federal judge has dismissed most of the claims against high-profile celebrities and YouTubers who promoted the now-collapsed cryptocurrency exchange, FTX. Celebrities such...

Standard Chartered Analyst Raises Bitcoin Price Forecast, Sees $120,000 Target as Too Low

A Standard Chartered analyst, Geoffrey Kendrick, has revised his earlier prediction for Bitcoin’s price, now stating that his $120,000 target for the second quarter...

Shopify Reports Mixed Q1 Results with Soft Guidance for Q2

Shopify reported mixed first-quarter results, posting a larger-than-expected loss while achieving growth in revenue. The company announced a loss of 53 cents per share,...

Whoop Launches 5.0 and MG Devices with Enhanced Features and Battery Life

Whoop has unveiled two new wearable devices, the Whoop 5.0 and Whoop MG, designed to offer better performance, a more refined design, and extended...

Coinbase to Acquire Deribit for $2.9 Billion, Strengthening Global Crypto Derivatives Market

Coinbase has agreed to acquire Dubai-based Deribit, a leading crypto derivatives exchange, for $2.9 billion, making it the largest deal in the cryptocurrency industry...

Amazon Expands into Pet Medications with New Online Prescription Service

Amazon announced Thursday that it is now offering a service for pet owners to order prescriptions for their dogs and cats online. The service...

Elizabeth Holmes’ Appeal Denied, Leaving Supreme Court as Last Resort

Elizabeth Holmes, the former CEO of Theranos, has lost her bid to have her fraud conviction reheard. On Thursday, the 9th Circuit U.S. Court...

Palantir Joins Top 10 U.S. Tech Companies by Market Cap, Surpassing Salesforce

Palantir has officially entered the ranks of the top 10 U.S. technology companies by market cap, achieving a valuation of $281 billion. This marks...

Pinterest Surpasses Expectations in Q1 Earnings, Shares Jump 15%

Pinterest shares soared 15% in after-hours trading following the release of its first-quarter earnings, which exceeded expectations and offered an optimistic outlook for the...

Affirm Posts Strong Profits but Lower Revenue Guidance, Shares Drop

Affirm, a leader in the buy now, pay later (BNPL) market, reported stronger-than-expected earnings for the prior quarter but issued a revenue forecast for...

Lyft Boosts Share Buyback and Posts Strong Q1 Earnings

Lyft shares rose 7% after the company revealed it would boost its share buyback program to $750 million in its first-quarter earnings report. Following...

Ex-CEO of Celsius Network Sentenced to 12 Years for Fraud

Alexander Mashinsky, the former CEO of Celsius Network, was sentenced to 12 years in prison on Thursday after pleading guilty to two counts of...

SMIC Q1 Earnings Miss Estimates, Shares Drop Amid Production Challenges

Shares of Semiconductor Manufacturing International Corporation (SMIC), China’s largest contract chipmaker, dropped nearly 7% on Friday after its first-quarter earnings fell short of expectations....

Rivian Adjusts 2025 Targets Amid Tariffs, Surpasses Q1 Expectations

Rivian Automotive exceeded Wall Street expectations for the first quarter, yet it has adjusted its 2025 guidance for vehicle deliveries and capital expenditures due...

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