Databricks, the $43 billion analytics firm, acquires data startup Arcion for $100 million
Databricks agreed to acquire Arcion, an enterprise data company, for $100 million Monday, including incentives, CEO Ali Ghodsi told CNBC.
10-year Treasury yield dips after topping 5%
U.S. Treasury yields ticked lower, hovering just below multiyear highs as investors continue to assess the prospect of higher-for-longer interest rates.
Taylor Swift Eras Tour concert film adds $31 million to domestic tally in week two
Taylor Swift’s Eras Tour concert film snared $31 million during its second weekend in theaters, the most of any concert film at the domestic box office.
How Walmart became America’s largest grocer
The U.S. had more than 63,000 grocery stores and supermarkets in 2023, employing nearly three million people.
GM and Ford will answer to Wall Street and the UAW with third-quarter earnings this week
GM and Ford report third-quarter earnings and future guidance this week amid ongoing strikes and contract negotiations with the United Auto Workers union.
Dropbox handing over 25% of San Francisco HQ back to landlord as commercial real estate softens
San Francisco is seeing its highest office vacancy rate since at least 2007 as Dropbox and other companies allow employees to work from home
Tesla stock ends the week down 15%, the worst performance of the year
Tesla stock dropped more than 15% over the last few days to close the week at $211.99 after the company posted third-quarter earnings on Wednesday.
U.S. wraps up fiscal year with a budget deficit near $1.7 trillion, up 23%
The U.S. ended up with an imbalance of $1.695 trillion, up about $320 billion, or 23.2%, from fiscal 2022.
Wall Street braces for big tech earnings and key economic data in the week ahead as Treasury yields rise
Next week will bring the lion’s share of results including reports from mega-cap darlings Alphabet, Amazon, Meta Platforms and Microsoft.
Trump co-defendant Kenneth Chesebro pleads guilty in Georgia case, following Sidney Powell
Kenneth Chesebro joins Sidney Powell as the latest former Trump legal advisor to plead guilty in the Georgia elections case.
