Arm is trading at a premium to Nvidia after IPO pop even though it’s a ‘no-growth company’
With a valuation of about $68 billion, Arm’s price-to-earnings multiple after its first day of trading is higher than Nvidia’s.
Oracle founder Larry Ellison makes first-ever trip to Microsoft headquarters for cloud announcement
Microsoft and Oracle have been rivals for more than 30 years. Now they’re working together to help clients more quickly move to the cloud
GM sweetens UAW offer to include 20% wage increase, other benefits as it tries to avoid strike
The recent proposal, which GM CEO Mary Barra called “compelling and unprecedented,” addresses many of the union’s demands but continues to fall short on others.
Everything you need to know about UAW’s targeted strike plans — and possible lockouts
The UAW union prepared to conduct targeted strikes against the Detroit automakers if the sides fail to reach new deals by Thursday’s deadline.
More companies, especially airlines, warn higher costs will eat into profits
UPS and airlines are digesting big new labor deals, while Hollywood and the auto industry are at odds with unions.
Caesars paid millions in ransom to cybercrime group prior to MGM hack
There have now been two highly disruptive attacks on the gaming industry in a matter of weeks.
Craigslist founder Craig Newmark is pouring millions of dollars into combating AI’s dark side
Craig Newmark has just donated $3 million to fund a new artificial intelligence and education initiative from Common Sense Media, as he fears future of AI
There’s a buy opportunity in this little-known software company, Needham says
Needham reiterated its buy rating on Alight shares, following a sell-off in August.
Sweetgreen sued by workers at 7 New York restaurants for alleged racial discrimination
The lawsuit alleges that Black workers at seven Sweetgreen restaurants were subjected to racist comments and passed over for promotions.
Two cruise lines will benefit due to ‘turbocharged’ demand, says Redburn Atlantic
The broker, part of the Rothschild group, upgraded both Carnival and Norwegian Cruise Line to buy, citing strong industry demand.
