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Databricks says annualized revenue will reach $3.7 billion by next month
Databricks informed stakeholders that its projected yearly revenue is expected to grow to $3.7 billion by July, reflecting a substantial increase compared to the previous year.
Read Full Article →Elon Musk's favorability among Republicans dropped 16 points since March, Quinnipiac says
A decrease in Elon Musk’s support within the Republican base may influence investor confidence and market perceptions related to his business ventures and leadership roles.
Read Full Article →PBS, NPR funding on the line as House nears final vote on $9.4 billion in DOGE-backed cuts
The upcoming House vote on a proposal involving $9.4 billion in reductions supported by DOGE-related measures could impact funding for public media organizations amid mixed reactio...
Read Full Article →Chime prices IPO at $27 per share, valuing fintech company at $11.6 billion ahead of Nasdaq debut
Chime’s initial public offering, set at $27 per share, establishes a market value of $11.6 billion and draws attention to investor interest in the evolving fintech sector ahead of...
Read Full Article →Oil prices rise more than 4% on escalating U.S.-Iran tensions
The increase in crude costs reflects growing geopolitical risks in the Middle East, which could potentially disrupt supply chains and influence global energy markets, affecting pri...
Read Full Article →Oracle shares climb 8% as earnings, revenue top estimates
Oracle’s recent financial results exceeded analyst predictions, leading to a notable increase in its stock value amid forecasts of higher-than-anticipated revenue growth by fiscal...
Read Full Article →Bessent floats extending tariff pause for countries in 'good faith' trade talks
Extending the temporary suspension of tariffs for nations engaged in sincere negotiations could potentially influence trade dynamics and economic relations by delaying immediate fi...
Read Full Article →Shaquille O’Neal to pay $1.8 million to settle FTX investor lawsuit
Shaquille O’Neal’s agreement to contribute $1.8 million resolves legal claims related to his role in endorsing the cryptocurrency platform FTX, impacting both investors and financi...
Read Full Article →Trump's 'done' deal with China: Trade damage will remain, logistics firms and retailers say
Despite official claims that the agreement with China is finalized, industry experts indicate that ongoing challenges in trade and shipping will continue to impact businesses and f...
Read Full Article →Small retailers on 'vacation from hell' as they seek clarity on Trump's China tariffs
Many small retailers continue to face financial challenges due to ongoing uncertainty surrounding trade policies, despite temporary market improvements following the recent tariff...
Read Full Article →Chime's IPO will test public market appetite for fintech as companies line up to exit
The upcoming public offering of Chime marks a significant moment for the fintech sector, highlighting cautious investor sentiment amid lowered company valuations following a prolon...
Read Full Article →Howard Schultz says he 'did a cartwheel' when Starbucks CEO Niccol coined 'back to Starbucks' strate...
Howard Schultz highlighted the positive impact of the recent strategic initiative introduced by CEO Niccol, emphasizing its potential to enhance Starbucks' revenue growth and stren...
Read Full Article →3 key things Nvidia's CEO said in Paris, plus Capital One strikes a positive tone
Nvidia's leadership comments in Paris highlighted strategic growth opportunities, while Capital One's optimistic outlook contributed to a favorable market sentiment during the fina...
Read Full Article →Is it smart to buy a home right now? The U.S. housing market is a 'mixed bag,' broker says
Although home prices continue to pose challenges, current market conditions in 2025 have provided buyers with increased leverage during negotiations, affecting overall financial co...
Read Full Article →Healthy Returns: Ozempic, Wegovy linked to rare cases of serious eye condition
Novo Nordisk’s medications associated with uncommon but severe eye issues may impact the company’s valuation, as emerging health technology firms continue to gain significant inves...
Read Full Article →U.S. tariffs on China won't change again, Lutnick says after trade talks
The stabilization of U.S. tariffs following recent discussions may influence trade dynamics and economic activities between the two countries, potentially affecting markets and inv...
Read Full Article →The pros and cons of a $1,000 baby bonus in 'Trump Accounts,' according to experts
The introduction of a government-funded $1,000 deposit into children's savings accounts within the House GOP's tax legislation could influence family financial planning and long-te...
Read Full Article →Social Security cost-of-living adjustment may be 2.5% in 2026, new estimates find
Updated inflation figures indicate a potential increase in Social Security payments next year, which could impact the financial stability of many retirees relying on these benefits...
Read Full Article →Cramer's advice after Starbucks' parabolic gains, plus Disney stock's next move
Recent rapid increases in Starbucks shares highlight important market trends, while investors closely monitor potential developments in Disney's stock to inform their financial str...
Read Full Article →Vance joins Trump in bashing Powell, says Fed committing 'monetary malpractice' by not cutting rates
Criticism from prominent political figures highlights concerns about the Federal Reserve's current policy, suggesting that maintaining higher interest rates could impact economic g...
Read Full Article →Gold is now the world's second-largest reserve asset — but central bank appetite is waning
Central banks increased their gold holdings amid economic uncertainties, but recent trends indicate a declining preference for further accumulation despite its prominent role in gl...
Read Full Article →Here's the inflation breakdown for May 2025 — in one chart
Economists noted that although consumer price increases remained moderate in May 2025, potential impacts from trade policies could lead to a more significant rise in inflation duri...
Read Full Article →JPMorgan's Jamie Dimon warns U.S. economy could soon 'deteriorate'
Jamie Dimon of JPMorgan highlighted potential economic challenges ahead, suggesting a slight decline in job numbers and a modest increase in inflation, which could impact financial...
Read Full Article →Tesla gains for a fourth day as Musk sets robotaxi date, Trump tensions cool
Tesla's stock advanced for the fourth consecutive day, driven by optimism around the upcoming robotaxi launch and easing political disagreements involving the company's leadership.
Read Full Article →U.S. inflation rises 0.1% in May from prior month, less than expected
The slight increase in consumer prices for May, lower than anticipated, indicates a moderate rise in inflation that may influence monetary policy decisions and economic forecasts g...
Read Full Article →Mortgage demand rises to the highest level in over a month, after holiday adjustment
Following minor increases in borrowing costs during the holiday week, consumers showed a noticeable increase in loan applications, indicating a rebound in home financing activity a...
Read Full Article →UniCredit CEO says Commerzbank currently too expensive for takeover offer
The UniCredit CEO indicated that, due to current valuation levels, pursuing an acquisition of Commerzbank is not financially feasible at this time.
Read Full Article →Nvidia CEO says quantum computing is reaching an 'inflection point'
The advancement of quantum computing technology is expected to create new opportunities for investment and technological development, potentially impacting various industries and d...
Read Full Article →Zara owner Inditex flags slowing summer sales as tariff uncertainty weighs
Inditex reported lower-than-anticipated revenue in the first quarter, indicating potential challenges ahead due to ongoing trade policy uncertainties affecting consumer demand duri...
Read Full Article →China, U.S. officials reach agreement for allowing rare-earth, tech trade. Now it's up to Trump and...
The agreement between China and the U.S. to permit trade in rare-earth materials and technology could impact global markets and influence supply chains significantly, pending appro...
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