Month: March 2025
Jefferies’ David Katz bullish call on cruises amid consumer trade-down
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email The Exchange David Katz, Jefferies analyst, joins ‘The Exchange’ to discuss the winning sectors for the consumer trade-down and why he’s bullish on cruises. 03:31 37 minutes ago Source
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Chef Robotics raises $20.6 million to continue building AI robot arms
Rajat Bhageria is the CEO of Chef Robotics, a San Francisco startup that has raised $20.6 million in a Series A round to continue building artificially-intelligent, food-assembly robots. Courtesy of Chef Robotics As the food service industry continues to struggle with labor shortages, a Silicon Valley startup has put together artificially-intelligent robots that are ready […]
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FBI searches homes of Indiana U. cybersecurity Prof. XiaoFeng Wang and wife, seizes boxes
Pedestrians on the campus of Indiana University Bloomington in Bloomington, Indiana, US, on Sunday, April 7, 2024. Chet Strange | Bloomberg | Getty Images Video grabs of FBI raid at the home of Luddy School of Informatics, Computing, and Engineering Associate Dean for Research, XiaoFeng Wang. Source: 13WTHR NBC Affiliate An Indiana U. spokesman responded […]
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Hedge funds turn defensive amid tariff chaos, selling tech stocks at the fastest pace in 6 months
Hedge funds are dumping stocks at a rapid pace as President Donald Trump’s aggressive tariff agenda spiked volatility on Wall Street. These professional traders have net sold global equities for six weeks in a row, with last week’s notional de-grossing amount reaching the largest level since July, according to data from Goldman Sachs’ prime brokerage unit. The […]
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OpenAI funding round could be cut by $10 billion if for-profit conversion doesn’t occur by year-end
Sam Altman, CEO of OpenAI, at Station F, is seen through glass, during an event on the sidelines of the Artificial Intelligence Action Summit in Paris, France, Feb. 11, 2025. Aurelien Morissard | Via Reuters OpenAI’s massive private funding round could be slashed by as much as $10 billion if the company doesn’t restructure into […]
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Conservative news channel Newsmax spikes more than 500% in first trading day on NYSE
Fox News and Newsmax television studios are seen in the Fiserv Forum on the day before the Republican National Convention (RNC) on July 14, 2024, in Milwaukee, Wisconsin. The RNC will be held in Milwaukee from July 15-18. Joe Raedle | Getty Images News | Getty Images Newsmax went public on the New York Stock […]
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Stocks making the biggest moves midday: CoreWeave, Canada Goose, Tesla, United Airlines and more
Check out the companies making headlines in midday trading. CoreWeave — Shares of the cloud provider tumbled more than 9% in its second trading session since going public. CoreWeave, which rents out access to Nvidia graphics processing units to other large tech companies, suffered a disappointing debut last week. Nvidia also saw its shares drop […]
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AMC bets on premium screens as Hollywood slate boasts big blockbuster titles
People walk past an AMC theatre in Manhattan in New York City, U.S., February 25, 2025. Jeenah Moon | Reuters Hollywood’s blockbuster slate is heating up, and AMC Entertainment is increasing the number of its premium screens to meet demand. The world’s largest cinema chain is adding 40 Dolby Cinema theaters to its U.S.-based AMC […]
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United Microelectronics shares pop more than 10% on report of potential GlobalFoundries deal
The GlobalFoundries semiconductor manufacturing facility in Malta, New York, on June 18, 2024. Cindy Schultz | Bloomberg | Getty Images U.S. semiconductor manufacturer GlobalFoundries is reportedly weighing a merger with Taiwan-based United Microelectronics. U.S. shares of United Microelectronics popped 13% on the news, while GlobalFoundries shares dipped about 1%. Nikkei reported the news, citing sources […]
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Amazon’s Nova AI agent launch puts it up against rivals OpenAI, Anthropic
Amazon CEO Andy Jassy speaks during an Amazon Devices launch event in New York City, U.S., February 26, 2025. Brendan Mcdermid | Reuters Amazon on Monday released a new AI model that can take actions in a web browser on a user’s behalf, a move that puts it in more direct competition with OpenAI, Anthropic […]
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