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Ripple CEO sends harsh message to JPMorgan’s Dimon
TheStreet68d agoneutral
Ripple CEO sends harsh message to JPMorgan’s Dimon

Ripple CEO Brad Garlinghouse appeared on the "Mornings with Maria" show on Fox News on June 11 and discussed the Digital Asset Market Clarity Act in detail. The legislation aims to establish a comprehensive regulatory framework for cryptocurrencies. It aims to resolve ...

Musk Poised to Be the World’s First Trillionaire
The Wall Street Journal68d agoneutral
Musk Poised to Be the World’s First Trillionaire

Elon Musk is poised to become the world's first trillionaire. His company, SpaceX, is set to begin trading on the Nasdaq Friday. It sold around $75 billion of shares Thursday in an offering that valued Musk’s stake at around $690 billion.

Reuters68d agoneutral
Marvell names Adobe's Dan Durn as finance chief amid growing AI demand

Marvell Technology on Thursday named Adobe's Dan Durn as chief financial ‌officer, succeeding Willem Meintjes, who is stepping ‌down after more than three years in the role. Durn ​will take charge at Marvell starting June 15, while Meintjes will remain with the semiconductor company in an advisory role through April 2027 to ‌support the transition. The ⁠appointment comes as Marvell looks to benefit from a surge in spending on ⁠AI-related data center infrastructure, which has boosted demand for advanced networking and custom chip technologies.

Credo Technology (CRDO) Completes Acquisition of DustPhotonics to Expand Optical Connectivity Portfolio
Insider Monkey68d agoneutral
Credo Technology (CRDO) Completes Acquisition of DustPhotonics to Expand Optical Connectivity Portfolio

Credo Technology Group Holding Ltd. (NASDAQ:CRDO) is one of the best IPO stocks to buy and hold for 2 years. On May 28, Credo Technology announced the completion of its acquisition of DustPhotonics. The deal integrates DustPhotonics’ silicon photonics technology into Credo’s portfolio, enabling support for 800G, 1.6T, and 3.2T optical connectivity. This acquisition provides […]

Adobe raises annual revenue forecast, CFO to exit
Reuters68d agoneutral
Adobe raises annual revenue forecast, CFO to exit

Adobe raised its ‌annual revenue forecast ‌on Thursday, signaling increased ​adoption of its AI tools and higher subscription ‌spending as ⁠the Photoshop maker looks to ⁠get ahead in the highly ​competitive ​software ​design industry. The ‌company expects revenue of between $26.5 billion and $26.6 billion, compared with its earlier ‌forecast of ​between $25.9 billion ​and $26.1 ​billion. The company ‌also announced the ​departure ​of its CFO Dan Durn.

AMD CEO makes bold move to boost AI in key market
TheStreet68d agoneutral
AMD CEO makes bold move to boost AI in key market

Advanced Micro Devices (AMD) investors have had little to celebrate this month. The chipmaker’s shares fell 4.86% on June 10 to close at $452.40, stretching the loss over the past five trading days to 12.15%. The selling was not an AMD problem, as a wave of profit-taking and Middle East tensions ...

Tesla adds to winning streak in critical area
TheStreet68d agoneutral
Tesla adds to winning streak in critical area

Tesla had a 2025 to forget all around, as the company reported its first-ever decline in revenue, along with its second consecutive year of falling sales. One of the EV maker's biggest issues was in Europe, where the company experienced major declines in the world's second-most-mature EV market. ...

The fastest EV charger in the world isn’t coming to America
TheStreet68d agoneutral
The fastest EV charger in the world isn’t coming to America

Nobody ever complains about gas station anxiety. You pull in, you fill the tank, you grab a coffee if the line is short, and you are gone in five minutes. That small block of time is the invisible benchmark every electric vehicle has to meet before the average American driver will seriously ...

This $25 Billion Acquisition Just Unlocked a New Era of Growth for Pfizer — and Why It’s a Flawless Safe-Haven for Retirees
24/7 Wall St.68d agoneutral
This $25 Billion Acquisition Just Unlocked a New Era of Growth for Pfizer — and Why It’s a Flawless Safe-Haven for Retirees

Pfizer (NYSE:PFE) is in the middle of its biggest reinvention in a generation, leaning on the Seagen oncology platform and the freshly closed Metsera obesity assets to offset a COVID revenue cliff and looming patent losses. With shares at $25.60 and yielding nearly 7%, the only question that matters for income investors is whether that ... This $25 Billion Acquisition Just Unlocked a New Era of Growth for Pfizer — and Why It’s a Flawless Safe-Haven for Retirees

Pepsi makes bold move to take on Coca-Cola
TheStreet68d agoneutral
Pepsi makes bold move to take on Coca-Cola

For more than a century, Pepsi's biggest rival was easy to identify. Every new product launch, marketing campaign, and distribution battle ultimately came back to Coca-Cola (KO), creating what became known as the "Cola Wars." Today, however, Pepsi faces a growing threat from an unexpected corner of ...

MicroStrategy CEO discloses 3 reasons behind Bitcoin sale
TheStreet68d agoneutral
MicroStrategy CEO discloses 3 reasons behind Bitcoin sale

The crypto market got a shock on June 1 when Strategy (Nasdaq: MSTR), née MicroStrategy, announced its first Bitcoin (BTC) sale in years. Even though the co-founder Michael Saylor had hinted about the potential sale in early May, the announcement of the sale of 32 Bitcoin shook the crypto ...

Anthropic pursues data center leases, seeks financial backing from Google, The Information reports
Reuters68d agoneutral
Anthropic pursues data center leases, seeks financial backing from Google, The Information reports

AI firm Anthropic is planning to lease and manage its own data centers and is ‌seeking financial backing from Alphabet's Google for the ‌lease payments, The Information reported on Thursday. • Anthropic, the ​creator of the Claude Code AI assistant, has signed more than a dozen preliminary agreements to lease U.S. data centers with a combined capacity of more than 1 GW, The Information ‌reported, citing sources with ⁠direct knowledge of the plans. • The AI startup's executives have also discussed an arrangement under which backer ⁠Google, which co-designs some of the server chips Anthropic could use in the facilities, would provide a financial guarantee for its ​lease ​payments, the report said.