Jaque Silva | Nurphoto | Getty ImagesJeff Wang got a big promotion last month. There were lots of tears, but not the happy kind.The 39-year-old was unexpectedly named interim CEO of artificial intelligence coding startup Windsurf. The company had been in discussions with OpenAI about a potential acquisition that would have resulted in a handsome payday for many employees. But the talks fell apart and, on July 11, several founders and top researchers instead left to join Google as part of a $2.4 billion licensing deal. As one of the highest-ranking executives remaining at Windsurf, Wang was elevated to the top…
Author: usaeverydaylife
The brand logo for My Source News Opinion WorldCourtesy of VersantMSNBC will change its name later this year and drop the storied peacock image from its branding — the first real public-facing changes in Versant’s upcoming separation from Comcast’s NBCUniversal.The political news network will be renamed My Source News Opinion World, or MS Now, Versant Chief Executive Officer Mark Lazarus wrote in an internal memo to employees that was seen by CNBC.In January, Lazarus told a group of MSNBC staffers that the network wouldn’t change its name. But during the past few months of transition planning, NBCUniversal leaders decided MSNBC…
Palo Alto Networks ‘ long-term prospects are improving and could be a catalyst for the stock, according to Bank of America. The firm upgraded the cybersecurity stock to buy from neutral on Tuesday, and reiterated its $215 per share price target. BofA’s forecast calls for more than 22% upside from Monday’s $176.17 close. Shares jumped 6% in premarket trading. PANW YTD mountain Palo Alto Networks stock in 2025. Analyst Tal Liani said he expects the company’s free cash flow to “step up” from here, and added that the firm favors “technological and product leadership which should help to solidify Palo…
Signage is displayed outside Tegna Inc. headquarters in McLean, Virginia, on Friday, March, 13, 2020.Andrew Harrer | Bloomberg | Getty ImagesTelevision broadcaster Nexstar Media has agreed to acquire smaller rival Tegna for $3.54 billion, the companies said on Tuesday.The offer price of $22 per share represents a premium of nearly 44% to Tegna’s closing price on Aug. 8, before reports of a deal emerged. The deal is valued at $6.2 billion, including debt.Shares of Tegna were up 2.2% in premarket trading at $20.48, after having risen more than 20% this month on expectations of a takeover.The deal marks yet another notable…
Chief Executive of Apple, Tim Cook gives a thumb’s up during a tour the Apple Headquarters on December 12, 2024 in London, England. Chris Jackson | Getty ImagesApple clinched a major win Monday after the U.S. government announced that the U.K. had agreed to drop its demand for the company to provide a “back door” granting officials access to users’ encrypted data.The iPhone maker won’t be alone to rejoice in the outcome.The development came after extensive talks between Britain and the U.S., which had raised national security concerns over the request.At the root of the row was end-to-end encryption, a technology…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailOn today’s episode of CNBC Crypto World, bitcoin, ether and XRP tumble to kick off the week as heightened macro concerns triggered more than $500 million in forced selling of long positions. And, Caitlin Long, founder and CEO of Custodia Bank, which specializes in crypto and is based in Wyoming, discusses the Federal Reserve’s shifting stance on crypto as well as bank-issued stablecoins from the Wyoming Blockchain Symposium taking place in Jackson Hole.12:49Mon, Aug 18 20254:02 PM EDT Source link
Li Auto could have a hard time finding growth from here, according to Bernstein. The firm downgraded the Chinese electric vehicle stock to market perform from outperform on Tuesday, and trimmed its price target to $26 per share from $33. Bernstein’s forecast calls for 8% upside from Monday’s $24.05 close. Analyst Euince Lee said that she expects a “bumpier road ahead” for the company due to increasing competition and a difficult outlook. LI YTD mountain LI Auto stock in 2025. “Despite Li Auto’s pioneering role in [extended range electric vehicle] technology and significant advancements in ADAS, heightened competition in the…
Air Canada flight attendants, represented by the Canadian Union of Public Employees (CUPE) hold a picket at one of four airports to highlight their pay demands in contract negotiations with Canada’s largest airline, outside Toronto Pearson International Airport in Mississauga, Ontario, Canada August 11, 2025. Carlos Osorio | ReutersThe Air Canada strike has ended after flight attendants reached a tentative agreement with the airline, both parties said early Tuesday.”The Strike has ended,” the Canadian Union of Public Employees said in a Facebook post, advising its membership to “fully cooperate with resumption of operations.”Air Canada said it would gradually restart operations Tuesday, but…
Preeti Sarkar is a content creator and owner of the clothing brand, Peetizen.Courtesy of Preeti SarkarPreeti Sarkar started posting on YouTube at the age of 18. Today, the 24-year-old has amassed a following of about 1.6 million on both Instagram and YouTube, and has launched her own clothing brand.She’s part of the growing wave of influencers in India who have started their own businesses since establishing a social media presence.Many top creators in India are leveraging their existing fan bases to build direct-to-consumer businesses —from Nitibha Kaul’s beauty brand and Kusha Kapila’s shapewear brand to Gaurav Taneja’s sports nutrition brand.”It’s…
Second-quarter earnings season is coming to a close, and Goldman Sachs said that companies’ performance this time is one of the best ever. Of the 92% S & P 500 companies that have reported, 60% have beaten consensus earnings per share forecasts by more than a standard deviation of analyst estimates, according to data from the firm. That signifies the “highest rate in our 25 years of data history outside of 2009 and the COVID reopening,” it found. “With the 2Q 2025 earnings season nearly complete, the quarter has been marked by one of the greatest frequency of earnings beats…
