Dow Jones Futures: Tesla, led by Elon Musk, leads the market higher; Amazon, Alphabet, revenue due
Futures on the Dow Jones Industrial Average and other major stock indexes traded slightly higher ahead of Tuesday’s open. On Monday, the Dow Jones industrials soared 146 points, while Tesla (TSLA), led by Elon Musk, led the market higher. Besides…
Texas Roadhouse Responds to Customer’s Viral Claims He Received a $20 Steak Instead of the $30 He Ordered 3 Times
NEED TO KNOW Kenneth Card claimed he was served sirloin instead of the filet mignon he ordered three times at a Texas Roadhouse in Forsyth, Illinois. Texas Roadhouse said Card’s complaint was “corrected” by its team and that it could…
Elon Musk just dealt a blow to Nvidia investors
By now you are probably well aware that Nvidia (NVDA +2.39%) is one of the biggest winners of the artificial intelligence (AI) revolution. Its graphics processing units (GPUs) provide essential infrastructure for companies developing generative AI…
Why Anthropic’s IPO prospectus is missing so many key numbers
Anthropic filed its The highly anticipated IPO prospectus on Monday, outlining parts of the company’s business, strategy and risk profile ahead of its IPO. Although the filing, known as the S-1, is several hundred pages long, it has a few notable…
The IMF wants China to get off the “fiscal cliff” through spending
Hello, this is Anniek, I’m writing to you from Singapore, with Evelyn, who reported on the Bund Summit in Shanghai last week. Welcome to the latest edition of The China Connection – a look at what we’re seeing and hearing from China watchers…
Ben & Jerry’s founders exploring deal to separate brand from owner: report
Ben & Jerry’s founders Ben Cohen and Jerry Greenfield are exploring the possibility of reaching a deal to separate their brand from its current owner, the Wall Street Journal reported Monday. The ice cream brand is owned by Unilever spin-off…
Bank of Japan expected to hold rates this week, but remain hawkish
Kazuo Ueda, Governor of the Bank of Japan (BOJ), speaks during a conference hosted by the bank’s Institute for Monetary and Economic Studies in Tokyo, Japan, Tuesday, May 27, 2025. Kiyoshi Ota | Bloomberg | Getty Images The Bank of Japan is…
Zuckerberg shakes up California wealth tax ahead of vote
Mark Zuckerberg told Meta’s board of directors that he was considering leaving California because of a possible Proposition 40 tax bill, according to Meta’s filing with the Securities and Exchange Commission (SEC). The chief executive’s…
Microsoft offers voluntary departures to 60,000 of its employees
Microsoft has offered 60,000 employees, or about 27% of its global workforce, voluntary buyouts as a software giant. spend a lot on artificial intelligence. The company’s voluntary separation offer was available to eligible employees in Canada,…
AI’s impact on the US economy is nearing its peak, according to Goldman, as Apollo finds “no financial gain” outside of big tech.
The AI boom has been supporting U.S. growth for more than a year. But Jan Hatzius, Goldman Sachs’ chief economist, says that support is about to peak, and Torsten Slok, Apollo’s chief economist, says the benefits that were supposed to…