What happened: Cloudflare (NET) stock fell 23% on Friday. What’s behind the move: The cloud security company issued a second quarter sales forecast that fell short of analyst expectations and said it would slash roughly 1,100 jobs, or about a fifth of its workforce, as it adopts artificial intelligence tools in its operating model. “With…
Championed by a guru known simply as the Kook, the satellite company AST has become one of the world’s most expensive stocks. Source link
In an internal post last month, Meta told its U.S. employees that it was making a change that would affect tens of thousands of them. What employees typed into their computer, how they moved their mouse, where they clicked and what they saw on their screen would be tracked, Meta said. The goal, the company…
NEWYou can now listen to Fox News articles! New York’s political and financial leaders have launched efforts to combat Mayor Zohran Mamdani’s policies that they say have driven multiple billionaires to look elsewhere for their business homes. After Mamdani named Citadel LLC CEO and owner Ken Griffin in an advertisement for a new tax on…
Apple and Intel are reportedly closing in on a deal that would see Intel make some of the chips for the iPhone maker’s devices, marking a major shift in the chipmaking landscape. Talks between the two companies have been brewing for more than a year, with a preliminary agreement reached in recent months, the Wall…
Used cars are offered for sale at a dealership on July 11, 2023 in Chicago, Illinois. Scott Olson | Getty Images The head of one of the nation’s largest auto finance lenders isn’t overly concerned about rising consumer automotive debt and inflated used car prices leading to longer loans on vehicle purchases. His main reasoning?…
For many US companies, the hot new type of credit seems to be getting less attractive. Source link
The Arizona Community Foundation (ACF) of Flagstaff is celebrating continued momentum in advancing attainable homeownership across Northern Arizona. Building on its initial $150,000 grant awarded in August, ACF – through the Northern Arizona Housing Fund – and its generous community of donors, has now raised an additional $170,000 to endow a second Timber Sky Starter…
ABC has accused the Federal Communications Commission of violating its free speech rights, potentially setting the stage for a protracted, high-stakes legal battle between the network and the Trump administration. The company said in a filing with the agency that regulators had a “chilling effect” on free speech by trying to punish political content they…
Artificial intelligence startup Anthropic has signed a $1.8 billion computing deal with Akamai Technologies to ​meet surging demand for its AI ‌software, Bloomberg News reported on Friday, citing people familiar with the matter. Source link
