What happened: Supermicro Computer (SMCI) stock was poised to decline as much as 12% at the open on Wednesday. What’s behind the move: The AI server maker announced plans to raise approximately $7 billion through a combination of equity and equity-linked financing. Supermicro said the capital will be used to purchase components to fulfill roughly…
David Ellison, the chief executive of Paramount, promised to respect the editorial independence of “60 Minutes” in a call with Lesley Stahl, one of the show’s correspondents, she told The New York Times on Tuesday. The call to Ms. Stahl, made on Sunday, was one of the first signs that Mr. Ellison was personally taking…
Photo courtesy Port of Everett The Harbor Hopper departs the Port of Everett Marina on its first sailing on June 4. EVERETT — The Port of Everett and Port of South Whidbey celebrated the first sailing of the Harbor Hopper on June 4. . . . Source link
SoftBank Group’s talks with potential creditors to raise at least $6 billion from a margin loan backed by its OpenAI stake have stalled, Bloomberg News reported on Wednesday, citing sources. Source link
Starbucks is considering options for its Japanese business, including a stake sale, following the disposal of a majority interest in its China operations, Bloomberg News reported on Tuesday. Source link
Studying price-to-earnings multiples on companies amid the Great Stock Price Boom of 2026 is so yesterday. We all know the multiples on most companies are well above their historical norms and prior market peaks. If you are looking for another indicator that the stock market is smack in the middle of a bubble, Yahoo Finance…
Summary Stocks were volatile Tuesday as investors sold artificial intelligence stocks after a recent rally. The Nasdaq Composite dropped about 1% and semiconductor companies bore the brunt of the selling. Oil prices pared some losses following a social media post by President Donald Trump about Iran shooting down an Apache helicopter. AI-generated summary was reviewed…
SpaceX founder Elon Musk addresses members of the media during a press conference announcing new developments of the Crew Dragon reusable spacecraft, at SpaceX headquarters in Hawthorne, California, Oct. 10, 2019. Philip Pacheco | Afp | Getty Images Nothing about SpaceX‘s initial public offering is ordinary. The rocket maker is aiming to raise a record…
Barbecues Galore will close dozens of stores across the country with the loss of about 500 jobs. Source link
Meta President Dina Powell McCormick and CEO of mikeroweWORKS Foundation Mike Rowe join ‘Mornings with Maria’ to discuss a new $115 million workforce initiative offering free training and guaranteed skilled-trade jobs. Tech giant Meta on Monday announced that it’s launching a new academy for workers to receive training in a skilled trade at no cost…
