OpenAI Chief Executive Officer Sam Altman appears on screen during a talk with Microsoft Chairman and Chief Executive Officer Satya Nadella at the Microsoft Build 2025 conference in Seattle, May 19, 2025.Jason Redmond | AFP | Getty ImagesOpenAI has hit $10 billion in annual recurring revenue less than three years after launching its popular ChatGPT chatbot.The figure includes sales from the company’s consumer products, ChatGPT business products and its application programming interface, or API. It excludes licensing revenue from Microsoft and large one-time deals, according to an OpenAI spokesperson.For all of last year, OpenAI was around $5.5 billion in ARR.…
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Semiconductor stocks have been a source of upside leadership for the market since the April low, noting the Philadelphia Semiconductor Index (SOX) has outperformed the S & P 500 Index (SPX) by over 20% over that period. However, high-profile semiconductor stocks now look overextended, which suggests the market is at risk of losing a primary source of leadership. Earnings from Broadcom (AVGO) were not received well last week, with the stock gapping lower Friday. The downmove confirmed a short-term counter-trend ‘sell’ signal from the DeMARK Indicators, in addition to downturns in both the daily stochastic oscillator and MACD indicator. The…
Wall Street is extremely bullish on stock trading platform eToro , with analysts estimating the stock could rise between 11% and 24% from here. Israel-based eToro went public on May 15 , with its initial public offering price at $52 per share, above the high end of its proposed range. The stock opened that day at $69.69, or 34% above its IPO, and closed up nearly 29% at $67 per share. Shares surged more than 5% on Monday to hit a fresh 52-week high. The overwhelming positive sentiment from Wall Street has rewarded the company’s decision to go public after…
Apple adds new features to CarPlayApple is also bringing new updates to its CarPlay offering, including an updated widget interface.The update includes a new design allowing users to see directions and others features when a call comes through.— Samantha SubinApple brings together its operating system names to simply 26Thomas Fuller | SOPA Images | Lightrocket | Getty ImagesApple is changing the style of its names of operating systems for all of its devices.To reflect the majority of the year when these software updates will be available to customers, the company will release iOS 26, watchOS 26, tvOS 26, macOS 26,…
A Topgolf location in Oxon Hill, Maryland, on March 20, 2024.Kent Nishimura | Bloomberg | Getty ImagesSports entertainment, equipment and apparel stock Topgolf Callaway Brands surged on Monday after a high-profile corporate director bought shares in the company.Shares rose 11%, hitting their highest level since May 13.Stock Chart IconStock chart iconTopgolf Callaway shares surged on Monday.The moves comes after board member Adebayo Ogunlesi purchased about $2.5 million worth of shares last week, disclosed in a securities filing on Friday.Purchases by corporate executives and directors can sometimes be seen as a vote of confidence in the company, and this purchase comes…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailGary Cohn, IBM vice chair, former NEC director, and former Goldman Sachs president and COO, joins ‘Fast Money’ to talk political uncertainty and the economy.10:21Thu, Jun 5 20255:29 PM EDT Source link
Los Angeles, CA – May 17: Signage and people along Bruin Walk East, on the UCLA Campus in Los Angeles, CA, Wednesday, May 17, 2023.Jay L. Clendenin | Los Angeles Times | Getty ImagesAn unexpected $3,000 in interestEllie BrueckerCourtesy: Bruecker FamilyDespite the government’s promises, Bruecker’s student debt has grown by around $3,000 during the roughly yearlong SAVE reprieve, her loan documents show.”I saw those numbers and my eyes bugged out of my head,” said Bruecker, 34.She’s not the only SAVE borrower seeing interest accruing: Other people facing the same issue have taken to social media to try and get answers.At…
California Governor Gavin Newsom (R) speaks as California Attorney general Rob Bonta looks on during a news conference at Gemperle Orchard on April 16, 2025 in Ceres, California.Justin Sullivan | Getty ImagesCalifornia Gov. Gavin Newsom said Monday that he will sue President Donald Trump for his deployment of the National Guard to deal with protests over federal immigration enforcement actions in Los Angeles.Trump “flamed the fires and illegally acted to federalize the National Guard,” Newsom said in a social media post.”The order he signed doesn’t just apply to CA,” Newsom wrote in the post on X. “It will allow him…
IonQ is buying United Kingdom-based quantum computing startup Oxford Ionics in a deal valued at nearly $1.1 billion.Shares gained about 3%.The companies said in a release that the deal will combine IonQ’s quantum computing hardware and software knowledge with Oxford Ionics’ semiconductor chip technologies. The company aims to deliver breakthroughs in the field and capitalize on growing revenue opportunities.”We believe the advantages of our combined technologies will set a new standard within quantum computing and deliver superior value for our customers through market-leading enterprise applications,” said IonQ CEO Niccolo De Masi in a release.The deal, which is expected to close…
As investors assess whether the U.S. is still a good place to put their money, the list of events in the country making global headlines just keeps growing. Front of mind for investors is both U.S. President Donald Trump’s tariffs regime — with much anticipated talks between the U.S. and China taking place in London on Monday — and the spending bill , which could allow the U.S. to add a new tax of up to 20% on foreigners with U.S. investments. Indeed, the market volatility under Trump’s presidency so far has led some investors to diversify to other markets…
