Ford stock surges as Morgan Stanley gets bullish on energy storage business

Ford (F) stock surged on Wednesday after Morgan Stanley said Ford’s new energy business could be a winner for the automaker, citing a significant competitive advantage in battery tech. Morgan Stanley’s Andrew Percoco wrote in a note published late Tuesday that Ford’s $2 billion battery storage bet, announced late last year alongside a $20 billion…

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Coinbase CEO Brian Armstrong calls Senate crypto bill a ‘true compromise’

Coinbase CEO Brian Armstrong joins ‘Mornings with Maria’ to break down Senate crypto legislation, the future of digital finance, and how AI, stablecoins and new products are driving Coinbase’s growth. Coinbase CEO Brian Armstrong said a major cryptocurrency bill, the Clarity Act, moving through the Senate could reshape how Americans interact with money and financial…

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Anthropic debuts Claude for Small Business as it continues its enterprise software push

Anthropic (ANTH.PVT) is continuing its drive into the enterprise software market with its new Claude for Small Business offering. The product, which the company says allows small business owners to add its Claude AI to existing apps, including Intuit’s (INTU) QuickBooks, DocuSign (DOCU), PayPal (PYPL), Microsoft 365 (MSFT), and Google Workspace (GOOG, GOOGL), is Anthropic’s…

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Alibaba’s core profit plunges 84% as CEO defends AI investments

Jaap Arriens | Nurphoto | Getty Images Alibaba on Wednesday said its core profitability plunged in the March quarter amid heavy investments in tech and e-commerce, as executives talked up the company’s AI spending. Executives at the technology giants spent the earnings call defending the company’s investments, telling analysts that they will eventually pay off….

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