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Bloomberg80d agoneutral
OpenAI Would’ve ‘Imploded’ If Altman Didn’t Return, Ex-CTO Says

(Bloomberg) -- OpenAI would likely have unraveled if Sam Altman hadn’t returned as chief executive officer following his brief ouster in 2023, former tech chief Mira Murati said, offering her clearest account yet of one of Silicon Valley’s most dramatic boardroom battles.Most Read from BloombergBecerra Advances in California’s $300 Million Governor RaceSpaceX, Other Mega IPOs Denied Fast Index Entry by S&PSaylor’s Bitcoin Machine Is Misfiring on Every Cylinder‘Sell Indonesia’ Sweeps Trading Desk

Ripple (XRP) Slides 6% as Crypto Risks Becoming a “First Casualty” of the SpaceX IPO
24/7 Wall St.80d agoneutral
Ripple (XRP) Slides 6% as Crypto Risks Becoming a “First Casualty” of the SpaceX IPO

Ripple’s XRP token is taking a hit on Friday, June 5. The cryptocurrency is down 6% to $1.103, extending a multi-day slide that has dragged the broader digital asset complex into the red. Bitcoin (CRYPTO:BTC) and Ethereum (CRYPTO:ETH) are also down, but the XRP move stands out given the token’s famously devoted retail following. The selling ... Ripple (XRP) Slides 6% as Crypto Risks Becoming a “First Casualty” of the SpaceX IPO

Investing.com80d agobearish
OPEC crude output drops to lowest level in 37 years

Investing.com -- OPEC crude production fell in May to its lowest level in at least 37 years as a US blockade of Iran and disruptions in the Persian Gulf continued to limit output, according to a Bloomberg survey released Friday.

Lululemon Stock Hits an Eight-Year Low
The Wall Street Journal80d agoneutral
Lululemon Stock Hits an Eight-Year Low

Lululemon Athletica shares fell 8% Friday morning to their lowest level since 2018 after the company reported another quarterly decline in U.S. sales and cut its outlook for the year. Executives said some product launches, including a new line of yoga apparel, have fallen short of the company’s expectations. "The edge that Lululemon once had in releasing collections that were interesting, innovative, and on trend has disappeared," wrote Neil Saunders, managing director of research firm GlobalData.

Bank of America has a bold new message for AI skeptics
TheStreet80d agoneutral
Bank of America has a bold new message for AI skeptics

Every transformative technology shows up twice. First as a promise, loud and unavoidable, the kind that floods your phone, your group chats, and your retirement account. Then as a line item, quiet and underwhelming, buried in productivity data almost nobody reads. Right now, artificial intelligence ...

Chipotle vs Starbucks: One Turnaround Is Real, One Is Just Smoke
24/7 Wall St.80d agoneutral
Chipotle vs Starbucks: One Turnaround Is Real, One Is Just Smoke

Two beaten-down restaurant names, one decision: should a retirement-focused investor put fresh capital into Starbucks (NASDAQ: SBUX) or Chipotle Mexican Grill (NYSE: CMG) right now? Both stocks have been punished, but for opposite reasons. Starbucks has rallied off its lows as a turnaround takes hold, while Chipotle has cratered as its growth story collapsed into ... Chipotle vs Starbucks: One Turnaround Is Real, One Is Just Smoke

DocuSign shares fall despite Q1 beat as guidance disappoints investors
Proactive80d agoneutral
DocuSign shares fall despite Q1 beat as guidance disappoints investors

DocuSign Inc (NASDAQ:DOCU) shares fell nearly 5% on Friday after the electronic signature company reported first-quarter results that topped analyst estimates but offered full-year guidance that failed to impress investors. The San Francisco-based company posted Q1 fiscal 2027 revenue of...

SpaceX IPO: How can I buy the stock?
Yahoo Personal Finance80d agobullish
SpaceX IPO: How can I buy the stock?

SpaceX is preparing for a historic stock market debut. Here's what to know about buying IPO shares, brokerage qualifications, allocation rules, and other ways to benefit.

SpaceX’s IPO is Set to Make Elon Musk a Trillionaire. Here’s 4 Key Figures That Will Become Billionaires.
24/7 Wall St.80d agoneutral
SpaceX’s IPO is Set to Make Elon Musk a Trillionaire. Here’s 4 Key Figures That Will Become Billionaires.

It’s big news as the buzz gets louder surrounding the most publicized IPO in years. CNBC reporter Robert Frank reported on June 5 that SpaceX’s IPO is set to price next Friday, June 12, at $135 per share. The deal would potentially lift Tesla (NASDAQ:TSLA) CEO Elon Musk’s net worth past $1 trillion, crowning him ... SpaceX’s IPO is Set to Make Elon Musk a Trillionaire. Here’s 4 Key Figures That Will Become Billionaires.

Bankers’ Sky-High Financial Projections for SpaceX
The Wall Street Journal80d agoneutral
Bankers’ Sky-High Financial Projections for SpaceX

$3.4 Trillion of revenue SpaceX could reach that number in 2040, according to an analysis that Morgan Stanley shared with top investors Thursday. The projections show how bankers are selling the rocket maker’s $1.