Lime parent Neutron Holdings (LME) priced its U.S. IPO at $25 per share, raising $174 million in a deal backed by Uber Technologies NYSE:UBER.The electric scooter and bike rental company priced the offering at the midpoint of its expected $24 to $26 range. Lime sold 6.68 million shares, while exist…
Microsoft NASDAQ:MSFT may be getting ready for another round of job cuts as it keeps shifting money and people toward AI.Business Insider reported that the company is planning layoffs affecting less than 2.5% of its global workforce. Microsoft had about 228,000 full-time employees as of its June 20…
Microsoft NASDAQ:MSFT is planning to cut thousands of roles covering less than 2.5% of its workforce, with an announcement expected as early as next week. Microsoft had over 220,000 full-time employees, putting the potential cuts at roughly 5,500 roles. The reductions are expected to affect sales…
NIKE NYSE:NKE delivered a better-than-expected quarter, but management made clear that the turnaround remains a work in progress.The company said fiscal 2027 revenue is now expected to decline in the low- to mid-single-digit range, reflecting continued pressure in key businesses such as Sportswear…
Bloom Energy NYSE:BE rose 7.54% in premarket after the fuel cell company and Brookfield NYSE:BN announced a fivefold expansion of their AI infrastructure power partnership, raising Brookfield's financing framework from $5 billion to $25 billion to accelerate global deployment of Bloom's fuel cells…
Li Auto NASDAQ:LI reported weaker June deliveries as competition in China's electric vehicle market continued to pressure growth.The company delivered 30,895 vehicles in June, down 14.8% from 36,279 a year earlier and 7.4% below May's 33,350 deliveries. Still, Li Auto's cumulative deliveries reache…
Nike NYSE:NKE fell 3.80% in premarket after the sportswear giant reported fiscal fourth quarter revenues of $11.0 billion, down 1%. Diluted EPS came in at $0.72, including a $0.52 benefit from the expected recovery of IEEPA tariffs. Gross margin expanded 890 basis points to 49.2%, but roughly 900 o…
President Donald Trump's latest financial disclosure shows multimillion-dollar investments in Apple NASDAQ:AAPL and Palantir Technologies NASDAQ:PLTR, alongside hundreds of other publicly traded assets, according to a Tuesday filing released by the U.S. Office of Government Ethics.The disclosure in…
Cathie Wood's ARK Invest increased its exposure to artificial intelligence, digital assets and next-generation healthcare during the week of June 22 to 26, while reducing positions in streaming and Chinese technology companies.ARK Invest added to several AI-related holdings, including Cerebras Syst…
Alphabet NASDAQ:GOOG is facing fresh antitrust pressure in South Korea after the country's competition regulator accused the company of using its dominance in Android app distribution to limit competition.The Korea Fair Trade Commission said Google's alleged conduct affected about 14.16 trillion wo…
Microsoft NASDAQ:MSFT is preparing another round of layoffs that could affect fewer than 2.5% of its global workforce, with the changes expected to be disclosed as early as next week.Microsoft stock rose more than 1% on Tuesday trading.The company employed about 228,000 full-time workers as of its…
Lockheed Martin NYSE:LMT secured a $3 billion U.S. Army contract to manufacture Sentinel A4 radar systems and provide related engineering services, according to a Tuesday Defense Department contract release.The fixed-price-incentive, cost-no-fee award covers production of the Army's next-generation…
Artificial intelligence infrastructure is expected to remain the biggest driver of corporate profits in the second quarter, with Wells Fargo forecasting 22% year-over-year earnings growth for the S&P 500.The bank expects S&P 500 earnings per share to accelerate from 19% growth in the first quarter…
Charter Communications NASDAQ:CHTR debt posted a sharp rally Monday as traders started pricing in the possibility that Comcast NASDAQ:CMCSA could eventually pursue a combination with the broadband company. The move came after Comcast announced plans to spin off its NBCUniversal and Sky media assets…
Digital Realty Trust NYSE:DLR fell 5.29% in premarket after Blackstone NYSE:BX agreed to sell its stakes in three Northern Virginia data centers to Digital Realty for $3.5 billion. Digital Realty will pay $1.2 billion in cash and $2.3 billion in its own shares for Blackstone's 80% interest in two 9…
US equity financing costs have climbed sharply into quarter-end, creating a possible pressure point for investors even as repo markets show only modest stress. The July contract tied to the S&P 500 (SPY) total-return index touched 200 basis points on June 26, far above its 62-basis-point average in…
EU and China officials have set an October deadline to make progress on rising trade disputes, as Brussels pushes for tangible results in its strained economic relationship with Beijing. EU trade chief Maros Sefcovic said both sides may not solve every issue by then, but their teams have enough tim…
Comcast NASDAQ:CMCSA shares rose as much as 17% after the company unveiled a plan to separate major media assets, including Universal, DreamWorks, NBC and Sky, into a new shareholder-owned company called NBCUniversal. The move comes as Comcast's stock has been trading near levels last seen more tha…
Singapore's sovereign wealth fund GIC could be moving closer to a major Tokyo real estate exit, after giving Japanese developer Kenedix first negotiation rights to buy office space in Pacific Century Place Marunouchi. The building sits next to Tokyo Station, putting the potential deal in one of the…
South Korea is preparing a massive AI infrastructure push, with companies including Samsung Electronics (SSNLF), SK Hynix (HXSCL) and Naver (NHNCF) expected to invest at least 1,350 trillion won, or about $880 billion, across chips and data centers. Samsung Group and SK Group plan to build two chip…
