Arvind Jain, CEO of Glean, on SaaS Monster stage during day one of Web Summit 2022 at the Altice Arena in Lisbon, Portugal, on Nov. 2, 2022.Harry Murphy | Sportsfile | Getty ImagesGenerative AI enterprise search startup Glean announced on Tuesday that it raised $150 million in a Series F financing, pushing up its valuation from investors by billions of dollars in less than a year, to $7.2 billion. The company’s last fundraising in September 2024 valued Glean at $4.6 billion.On Tuesday, Glean was also named to the CNBC Disruptor 50 list for the second-consecutive year.Glean reported that its annual recurring…
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Check out the companies making the biggest moves midday: Topgolf Callaway Brands — The stock popped 5%, adding to its nearly 15% surge in the previous session. Topgolf got a boost on Monday after a director disclosed the purchase of additional shares. Insmed – Shares surged more than 26% after the global biopharmaceutical company announced positive results from a Phase 2b study of treprostinil palmitil inhalation powder, a once-daily treatment for pulmonary arterial hypertension. United Therapeutics , in turn, dropped more than 15%. J.M. Smucker – The food company pulled back 13% after its fiscal fourth-quarter revenue of $2.14 billion…
Wall Street’s so-called fear gauge recorded a steep slide over recent months. That’s good news for investors looking longer term. The CBOE Volatility Index (VIX) has dropped around 35 points over the two months since President Donald Trump rolled back many of his market-roiling tariffs in April. That’s the third largest decline in the VIX’s history going back to 1990, according to Bespoke Investment Group data, ranking behind periods in late 2008 and mid 2020. .VIX 3M mountain The VIX over the last 3 months As the VIX has retreated, stocks have rebounded significantly from the sell-off seen in the…
U.S. Health and Human Services (HHS) Secretary Robert F. Kennedy, Jr. leaves the stage after discussing the findings of the Centers for Disease Control and Prevention’s (CDC) latest Autism and Developmental Disabilities Monitoring (ADDM) Network survey, at the Department of Health and Human Services in Washington, D.C., U.S., April 16, 2025. Elizabeth Frantz | ReutersHealth and Human Services Secretary Robert F. Kennedy Jr. has gutted a key government panel of vaccine advisors, saying he wants to “re-establish public confidence” in shots.Some health policy experts say firing the committee members will do the opposite. “Rather than restoring public trust, his actions are…
CNBC’s Phil LeBeau joins ‘Money Movers’ to discuss Boeing’s May orders and JPM recommending to sell Tesla. Source link
Parts of the IBM Quantum System Two are seen at IBM Thomas J. Watson Research Center on June 6, 2025 in Yorktown Heights, New York. Angela Weiss | Afp | Getty ImagesIBM on Tuesday announced a roadmap to develop a large-scale, fault-tolerant quantum computer called Quantum Starling.Part of the company’s plan involves the new IBM Quantum Nighthawk processor, which is set to release later this year, according to a blog post announcing the details.”Unlocking the full promise of quantum computing will require a device capable of running larger, deeper circuits with hundreds of millions of gates operating on hundreds of…
As Elon Musk’s public feud with President Donald Trump continues to unfold, a handful of stocks are emerging as possible beneficiaries if the billionaire CEO’s various companies suffer from the stunning blow-up. The high-profile crash between the world’s richest man and the president of the United States has raised concerns about the impact on Musk’s businesses, including the potential loss of tax credits and government contracts. In addition to leading the electric-vehicle maker Tesla , Musk’s businesses include the space exploration and satellite-communication company SpaceX , artificial-intelligence company xAI , tunnel-digger The Boring Company , tech firm Neuralink and the social media site…
Cargo shipping containers are loaded with cranes on container ships at the Burchardkai container terminal at the harbour of Hamburg, northern Germany, on June 3, 2025.Fabian Bimmer | Afp | Getty ImagesThe World Bank sharply cut its global economic growth projections Tuesday, citing disruption from trade uncertainty in particular.It now expects the global economy to expand by 2.3% in 2025, down from an earlier forecast of 2.7%.”This would mark the slowest rate of global growth since 2008, aside from outright global recessions,” the Bank said in its Global Economic Prospects report.Trade uncertainty, especially, has weighed on the outlook, the World…
Boeing 737 aircraft fuselages are pictured at the company’s Renton factory in Renton, Washington, on April 15, 2025. Jason Redmond | AFP | Getty ImagesBoeing’s gross orders for new airplanes hit 303 last month, the most since December 2023, as the company makes strides against its rival Airbus and works to stabilize production of its bestselling jets near the Federal Aviation Administration limit.The manufacturer handed over 45 aircraft in May, in line with the month before but higher than the 24 it delivered a year earlier.This year through May, Boeing delivered 220 airplanes to customers, while Airbus delivered 243 planes.…
Alexandr Wang, CEO of Scale AI, arrives for a meeting with international investors in IA at the Elysee Palace as part of the Artificial Intelligence (AI) Action Summit in Paris, France, Feb. 10, 2025. Gonzalo Fuentes | ReutersMeta is forming a new artificial intelligence research lab and bringing on Alexandr Wang, the founder and CEO of the startup Scale AI, according to The New York Times.The research lab is going to pursue a concept known as “superintelligence,” which is an AI system that surpasses human intelligence, The New York Times reported Tuesday. Meta is also in advanced talks to invest more…
