Cisco to Cut Over 4,000 Jobs, Redirecting Investments Towards Artificial Intelligence
Company
Earnings Typo Error Sends Lyft Stock on Wild Ride, Questions Raised
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JetBlue Shares Soar After Carl Icahn Discloses Stake
"JetBlue Airways saw its shares surge by over 15% following the revelation that corporate titan Carl Icahn had acquired a nearly 10% stake in the airline, branding it as undervalued. The disclosure of Icahn's significant investment has stirred the market, coming at a crucial juncture for JetBlue as it endeavors to navigate post-pandemic recovery and the fallout from a thwarted merger with Spirit Airlines. -
Diamondback Energy's $26B Acquisition to Create a New Global Oil Giant Valued at over $50B
"Diamondback Energy, an American shale oil and gas producer, has announced a colossal acquisition that could give birth to a new global oil behemoth.
The Latest
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Fox Strikes $22 Billion Roku Deal, Creating Streaming Giant Reaching 100 Million Households
Fox Corp. has agreed to acquire streaming platform Roku in a deal valued at approximately $22 billion, a transaction that would significantly expand the media company's reach in streaming, connected television advertising, and digital distribution as traditional television audiences continue migrating online. 
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Elon Musk Becomes the World’s First Trillionaire After SpaceX IPO
Elon Musk became the first person in history to surpass a net worth of $1 trillion following the long-awaited public offering of SpaceX, a landmark event that transformed the aerospace company into one of the most valuable corporations in the United States and cemented Musk's position at the top of the global wealth rankings. 
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Microsoft's Xbox Warns It Is 'Over Extended' as 3% Margin and Hardware Crisis Fuel Layoff Fears
Microsoft's Xbox division is preparing for what could be one of its most significant restructurings in years after newly appointed Xbox CEO Asha Sharma warned employees that the gaming business has become "over extended" following years of heavy spending, declining revenue and mounting hardware pressures. 
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OpenAI Considers Slashing Token Prices to Win Customers From Anthropic Ahead of IPO Push
OpenAI is considering significant price reductions for its artificial intelligence products as competition with Anthropic intensifies and corporate customers increasingly push back against soaring AI spending, according to a Wall Street Journal report citing people familiar with the matter. 
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Oracle Cuts Up to 30,000 Jobs While Cloud Revenue Jumps 44% and AI Business Surges 243%
Oracle is reportedly nearing the end of a sweeping workforce reduction that could eliminate nearly 30,000 positions worldwide, even as the technology giant records strong growth in cloud computing, artificial intelligence services and data-center infrastructure. 
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Elon Musk Nears Trillionaire Status As SpaceX IPO Could Push Fortune Past $1 Trillion
Combined with his Tesla holdings-currently valued at around $355 billion-and stock options worth potentially over $100 billion, Musk's net worth could soar past the $1 trillion mark. 
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Uber Cuts 23% of HR Team as AI Spending Soars, Company Denies Automation Drove Layoffs
Uber Technologies has cut nearly a quarter of its human resources organization, eliminating 23% of employees in its People and Places division, as the ride-hailing giant pushes through a significant internal restructuring while simultaneously expanding its investment in artificial intelligence. 
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SpaceX Seeks Record $1.75 Trillion IPO Valuation, Targets $75 Billion Raise
SpaceX is preparing for what could become one of the largest initial public offerings in financial history, seeking a valuation of approximately $1.75 trillion and aiming to raise at least $75 billion as investors continue pouring capital into companies tied to advanced technology, communications infrastructure and artificial intelligence. 
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Marvell Soars Over 32% After Jensen Huang Calls Chipmaker the ‘Next Trillion-Dollar Company’
Marvell Technology shares surged nearly 30% Tuesday after Nvidia CEO Jensen Huang publicly described the semiconductor company as the "next trillion-dollar company," delivering a powerful endorsement that sent investors rushing into one of the fastest-growing beneficiaries of the artificial intelligence infrastructure boom. 
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Anthropic Files Confidential IPO After $965 Billion Valuation
Anthropic, the artificial intelligence startup behind the Claude chatbot, has confidentially filed for an initial public offering, positioning itself to become one of the largest technology listings in history and escalating its rivalry with OpenAI as the race for AI dominance accelerates. 
