Microsoft closes worst quarter on Wall Street since 2008 on AI concerns: ‘Redmond is in a pickle’
With Microsoft losing almost a quarter of its value this year, investors have reset the company’s earnings multiple to the lowest since late 2022.
Anthropic leaks part of Claude Code’s internal source code
Claude Code has seen massive adoption over the last year, and its run-rate revenue had swelled to more than $2.5 billion as of February.
OpenAI closes record-breaking $122 billion funding round as anticipation builds for IPO
The round totaled $122 billion of committed capital, up from the $110 billion figure that was previously announced.
The S&P 500 is wrapping up a tough month. Why April could be better
The S&P 500 might get a fresh start in April.
Warren Buffett says Iran bomb would make nuclear disaster harder to avoid
The Berkshire Hathaway chairman said the growing number of nuclear-armed states has fundamentally altered the global risk landscape.
Why $4 a gallon gas prices won’t trigger Fed interest rate hikes — and could lead to cuts
While there’s still plenty of uncertainty about where rates are headed, Wall Street commentary shifted back to expectations for cuts.
Oracle cutting thousands in latest layoff round as company continues to ramp AI spending
Oracle has ratcheted up its capital expenditures as it builds data center infrastructure that can handle AI workloads.
Unilever’s $16 billion move shows a shift is happening in consumer products
The tie-up between Unilever and McCormick highlights a shift in strategy among consumer goods companies that prioritizes dominating specific categories
Marvell stock pops 13% as Nvidia takes $2 billion stake, continuing run of similar bets
Nvidia has also made $2 billion investments in CoreWeave, Nebius and Coherent in recent months.
Moscow is profiting from the Iran war for now — but experts say Russia’s economy is in the ‘death zone’
The Iran war has caused energy prices to surge, directly benefiting — and filling the coffers — of major oil and gas producers like Russia.
