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Adobe named Anil Chakravarthy as next CEO, but shares fell after a senior executive departure raised concerns about broader leadership turnover.
Norway’s $2.3 trillion sovereign wealth fund has proposed significantly cutting its U.S. Treasury holdings to improve bond portfolio returns, per a letter published this week.
AI data centers are driving urgent power demand, and Bloom Energy keeps outpacing Wall Street’s revenue estimates. The pattern may not last forever.
Palo Alto Networks beat earnings estimates on strong AI cybersecurity demand, but the stock fell. CEO Nikesh Arora cited “durable tailwinds” from enterprise threats.
Dell shares jumped nearly 10% in premarket trading Wednesday after strong AI server demand prompted the company to raise its annual revenue and profit forecasts.
Norway’s $2.3 trillion sovereign wealth fund has proposed significantly cutting its U.S. Treasury holdings to improve bond portfolio returns, per a letter published this week.
Dell shares jumped nearly 10% in premarket trading Wednesday after strong AI server demand prompted the company to raise its annual revenue and profit forecasts.
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Adobe named Anil Chakravarthy as next CEO, but shares fell after a senior executive departure raised concerns about broader leadership turnover.
A federal judge allowed J.M. Smucker’s lawsuit against Trader Joe’s to proceed over frozen sandwiches Smucker says are too similar to its Uncrustables brand.
Ontario Premier Doug Ford responded to Trump’s “Lake America” push with a giant shoreline sign reading “Lake Ontario. Now and Always,” escalating U.S.-Canada tensions.
A cyclospora outbreak tied to lettuce has expanded to 20 states and over 11,400 cases, with the FDA confirming three new states Thursday.
Finance
AI data centers are driving urgent power demand, and Bloom Energy keeps outpacing Wall Street’s revenue estimates. The pattern may not last forever.
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Moderna stock has surged 127%, driven by its mRNA cancer vaccine program with Merck. But the valuation may already reflect success that is years away.
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AAT Executive Chairman Ernest Rady bought $1.8M in company stock on the open market, expanding his indirect exposure to AAT’s office, retail, and residential portfolio.
