Nvidia stock popped. Anthropic filed for an IPO. Oil is swinging. June is off to a wild start
Anthropic filed for an IPO, while Google parent Alphabet said it would raise $80 billion from stock sales to fund its AI buildout
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HPE stock soars after blowing past earnings expectations on AI demand
The company raised its full-year earnings guidance by $1 per share and said it is now two years ahead of its long-term financial plan
Nvidia CEO Jensen Huang calls Marvell the next trillion-dollar company. The stock soars
Nvidia entered into a broader partnership with Marvell earlier this year that included a $2 billion investment in the company
Strategy sold bitcoin for the first time since 2022 to cover preferred stock dividends
The bitcoin-hoarding firm founded by Michael Saylor sold 32 coins last week for $2.5 million to fund distributions on its preferred stock
Anthropic files for an IPO that could make history
The filing comes as Anthropic, which makes the increasingly popular Claude AI chatbot, has seen a surge in demand for its AI products
Oil surges almost 8% as the U.S.-Iran ceasefire deal risks collapsing
Iran said negotiators would not meet with U.S. officials until Israel stopped attacks in Gaza and Lebanon and pulled back from occupied Lebanese territory
Wall Street closed May at record highs on AI and Iran hopes. Now the war is flaring again
Markets had ended the month at fresh highs after the U.S. and Iran reached a 60-day memorandum of understanding to extend a ceasefire
Money & Markets
Tuttle Capital Management CEO Matthew Tuttle on what’s fueling Dow’s record
Tuttle Capital Management CEO Matthew Tuttle on what's fueling Dow's record
Money & Markets
Kohl’s stock surged after the retailer beat expectations and posted its best sales performance in four years
The department store chain lost 13 cents per share in its fiscal first quarter, beating analyst expectations of a 19-cent loss
Money & Markets
The Fed’s preferred inflation gauge is running at its hottest pace in 3 years
The April PCE report is the first inflation reading released since Kevin Warsh became chair of the Federal Reserve
Money & Markets
Snowflake stock rockets after an earnings beat and a $6 billion Amazon cloud deal
The cloud data company reported $1.39 billion in first-quarter revenue, up 33% year over year, and lifted its full-year product revenue guidance to $5.84 billion
Money & Markets
Salesforce posted a record quarter and beat earnings estimates. But soft guidance stalled the sto — but soft guidance tempered the rally
The cloud software company reported $11.1 billion in first-quarter revenue, but its full-year outlook landed just below Wall Street expectations