The World’s 500 Richest Gained $336 Billion in a Single Day
The number is so large it reads like a typo: $336 billion, added to the combined net worth of the world’s 500 richest people in a single day. It happened…
Microsoft Weighs a Spin-Off for Xbox as Gaming Revenue Slides
The question inside Microsoft used to be how to fix Xbox. Now it is whether to keep it. The company has considered spinning off its gaming business into a standalone…
Baron Capital Adds $1 Billion to SpaceX Stake as Shares Extend Rally
Ron Baron has spent the better part of a decade telling anyone who would listen that SpaceX would one day be the most valuable company on the planet. On Monday,…
NVIDIA Returns to Bond Market With $20 Billion Sale
The last time NVIDIA sold bonds, most of its revenue still came from video games. On Monday, the chip maker filed with the Securities and Exchange Commission to raise at…
Salesforce to Acquire AI Customer-Service Firm Fin for $3.6 Billion
Eoghan McCabe built Intercom into one of the most recognizable names in customer-service software, then spent two years remaking it into an artificial-intelligence company. On Monday, Salesforce said it would…
U.S.-Iran Accord on Hormuz Sends Stocks Soaring, Oil Falling
The first sign of the rally came in Asia. SoftBank Group shares surged more than 12% in Tokyo trading Monday after the United States and Iran announced a framework peace…
Musk Predicts $1 Trillion in Annual Revenue for SpaceX; Analysts Disagree
On Sunday night, Elon Musk posted a number to X that made even his admirers pause: $1 trillion. By 2030, he wrote, SpaceX could reach roughly $1 trillion in annual…
BofA’s Hartnett Tells Clients to Keep Trimming Stocks Until July
Michael Hartnett has been Wall Street’s most prominent bear for so long that some clients stopped reading his notes. In his latest, the Bank of America strategist told them to…
Morgan Stanley Says Wall Street Is Missing Meta’s AI Moat
Brian Nowak has covered Meta Platforms since it was still called Facebook. On June 6, the Morgan Stanley analyst went back to his clients with a message he has delivered…
AI Now Accounts for a Record Share of U.S. Job Cuts, Data Show
The tally kept by Challenger, Gray & Christmas now has a category that its founder could not have imagined when the firm started tracking layoffs in 1993: artificial intelligence. Through…
