Restaurant Brands International reported quarterly earnings and revenue that topped Wall Street's estimates.
South Korean chipmaker SK Hynix has successfully raised $26.5 billion in its New York share offering, the largest ever by a foreign firm in the US. The company, a key supplier to Nvidia, sold 177.9 million shares at $149 each, set to trade on Nasdaq.
Fidji Simo, OpenAI's product and business chief, announced her resignation to focus on recovering from a chronic illness, Postural Orthostatic Tachycardia Syndrome (POTS). She will transition to a part-time advisor role. Simo previously led Instacart and held leadership positions at Meta.
Fidji Simo, OpenAI's product and business chief, is stepping down to focus on recovering from a chronic illness, POTS. She will transition to a part-time advisor role. Simo previously led Instacart and held leadership positions at Meta.
Stocks rebounded Thursday, with the S&P 500 gaining nearly 1% and the Nasdaq jumping over 1%, as investors dismissed concerns about U.S.-Iran conflict escalation. Meta Platforms plans to aggressively ramp up AI compute capacity, releasing its strongest model yet, Muse Park 1.1, with an API for developers. FedEx launched a dedicated healthcare unit, while Starbucks aims to use AI for in-house software tools.
Anduril CEO Brian Schimpf stated the defense tech company is not in a hurry to go public due to current market conditions and high valuations. He believes a successful IPO requires investor returns, and a hype cycle is a bad time to launch. Despite increased demand for defense tech, the IPO market remains tepid.
A trader placed a $24 million, three-part call spread on the Invesco QQQ Trust ETF, betting on the Nasdaq-100 index reaching an all-time high by the end of July. This high-conviction trade, despite recent market volatility, suggests a strong bullish outlook.
