Sridhar Ramaswamy, CEO of Snowflake, speaks at the Semafor World Economy Summit in Washington on April 25, 2025.Tasos Katopodis | Semafor | Getty ImagesData analytics software maker Snowflake said Monday it has agreed to buy Crunchy Data, a startup that offers cloud-based database software. Snowflake will pay about $250 million, according to a person familiar with the matter who was not authorized to speak publicly about the deal.Crunchy Data sells access to a cloud-hosted version of the PostgreSQL open-source database, which replaced MySQL as the most popular database in Stack Overflow’s annual developer survey in 2023. Crunchy Data’s service includes…
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Uber said Monday that Pierre-Dimitri Gore-Coty, one of the company’s longest-tenured top executives and the head of is delivery business is leaving after almost 13 years.Gore-Coty joined Uber as a general manager in France in 2012, and worked his way up to become vice president of mobility for the Europe and Middle East region four years later, according to his LinkedIn profile. He was named senior vice president of delivery in 2021.”It’s hard to imagine Uber without Pierre, because there hasn’t been much Uber without Pierre,” CEO Dara Khosrowshahi said in a statement that was part of a regulatory filing.…
Jonathan Raa | Nurphoto | Getty ImagesElon Musk’s brain tech startup Neuralink has closed a $650 million funding round, the company announced Monday.ARK Invest, Founders Fund, Sequoia Capital, Thrive Capital, Lightspeed Venture Partners and other firms participated in the round, according to a press release. Neuralink said the fresh capital will help the company bring its technology to more patients and develop new devices that “deepen the connection between biological and artificial intelligence.”Neuralink is building a brain-computer interface, or BCI, which is a system that translates brain signals into commands for external technologies.The company’s first system, called Telepathy, involves 64…
With the S & P 500 up marginally in 2025 and bonds seeing sharp price swings, structured notes could give investors a combination of returns and downside protection – if used carefully. Structured notes are hybrid assets: They combine a debt instrument with derivatives, and they’re tied to the performance of another asset, like a stock or an index. These notes can also offer investors some measure of protection to mitigate downside in this underlying asset. Investors who purchase these investments are expected to hold them up until their maturity date to capture their full benefit. These notes come in…
Robinhood has officially closed its $200 million acquisition of Bitstamp, bringing one of the world’s longest-running cryptocurrency exchanges into its fold and signaling a strategic shift beyond retail trading and into the world of institutions.The all-cash deal, first announced last year, gives Robinhood an immediate international footprint — including more than 50 active crypto licenses across Europe, the UK, and Asia — as well as an established institutional client base, something the retail trading app has long lacked.For Robinhood, the deal marks a move into deeper waters: institutional crypto flows, lending and staking infrastructure, and white-label “crypto-as-a-service,” products built for…
Annabelle Gordon/Bloomberg via Getty ImagesThe massive package of tax cuts House Republicans passed in May is expected to increase the U.S. debt by trillions of dollars — a sum that threatens to torpedo the legislation as the Senate starts to consider it this week.The Committee for a Responsible Federal Budget estimates the bill, as written, would add about $3.1 trillion to the national debt over a decade with interest, to a total $53 trillion. The Penn Wharton Budget Model estimates a higher tally: $3.8 trillion, including interest and economic effects.Rep. Thomas Massie of Kentucky was one of two Republicans to…
JPMorgan added Rockstar Games parent company Take-Two Interactive to its list of top stocks as June trading begins. The firm updates its analyst focus list each month. It comprises JPMorgan’s top ideas for growth, income, short investment tactics and value. The June list, which includes just one addition and one stock removal, comes as investors continue to weigh macroeconomic concerns tied to tariffs and U.S. trade policy. Tensions between China and the U.S. were heightened to start the month, after Beijing on Monday pushed back against the Trump administration’s accusations that it violated the Geneva trade agreement. Stocks were lower…
A Springfield Armory SAINT M-LOCK AR-15 semi-automatic rifle is displayed on a wall of guns during the National Rifle Association (NRA) Annual Meeting at the George R. Brown Convention Center, in Houston, Texas on May 28, 2022. Patrick T. Fallon | Afp | Getty ImagesWASHINGTON — The Supreme Court on Monday declined to hear two major gun cases challenging a Maryland law that bans assault-style weapons, including the AR-15 semiautomatic rifle that has been used in high-profile mass shootings, and a Rhode Island restriction on large-capacity magazines.As a result, the two laws remain in effect. Litigation over similar bans across the country…
If history is any indication, this stellar earnings season and the ensuing May rally mean investors may be in for some rocky times ahead. By all standards, the first-quarter earnings season — which ended last week with Nvidia reporting an earnings and revenue beat — marked the resumption of the artificial intelligence-driven structural bull market, Evercore ISI wrote in a Sunday note. The investment firm noted that this earnings season had one of the biggest rallies of any season since 1992. “1Q Earnings Season was a Blowout (493 S & P 500 companies, 98% of market cap have reported), with…
Private equity firm Roark Capital has bought a majority stake in Dave’s Hot Chicken, the company announced on Monday.Financial terms were not disclosed, but Dave’s CEO Bill Phelps said on CNBC’s “Squawk Box” that the reported $1 billion valuation for the deal is “pretty close.”Since its founding in a Los Angeles parking lot in 2017, the fast-growing chicken chain has expanded to more than 300 locations by franchising its restaurants. Dave’s U.S. sales soared 57% last year and surpassed $600 million, according to data from market research firm Technomic.Roark’s investment follows a boom for chicken-focused restaurants, fueled by the so-called…
