Tag: Business
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Digital infrastructure firm ITG prices US IPO below range, raises $312 million
June 30 : Oaktree-backed ITG said on Tuesday it had priced its U.S. initial public offering at $16 per share, below its targeted range, raising $312.2 million. The digital infrastructure firm sold 19.5 million shares in the offering, initially marketed between $19 and $22 apiece.ITG provides end-to-en
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Microsoft to cut under 2.5% of workforce in latest layoffs, Business Insider reports
June 30 : Microsoft is planning to cut under 2.5 per cent of its workforce in the latest round of layoffs that could be announced as early as next week, Business Insider reported on Tuesday, citing people familiar with the matter.The layoffs will impact thousands of roles, including sales and consulting, as w
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Cramer’s lightning round: Buy GE Vernova
“Mad Money” host Jim Cramer rings the lightning round bell, which means he’s giving his answers to callers’ stock questions at rapid speed.
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Micron CEO: Customers driving hard bargain on price contributed to memory shortage
Micron CEO Sanjay Mehrotra said years of aggressive pricing pressure left the memory industry underinvested, contributing to today’s supply shortages.
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Apollo’s Athene names ex-Goldman executive as Japan head to drive reinsurance push
TOKYO, July 1 : Athene, the insurance business of Apollo Global Management, has appointed Larik Hall as head of Japan, as the U.S. asset manager ramps up operations in the country, according to a company document reviewed by Reuters.Hall, previously a managing director at Goldman Sachs Ayco, will lead efforts
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Jim Cramer says the AI trade has shifted — and these stocks are leading now
CNBC’s Jim Cramer said Wall Street is rewarding the companies supplying the artificial intelligence boom rather than the technology giants funding it.
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Record chip rally adds $2 trillion in combined value to Micron, Intel and AMD in second quarter
Wall Street poured into chipmakers not named Nvidia in the second quarter, as the artificial intelligence boom expanded to include more suppliers.
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Exclusive-Activist Jana Partners has new stake in Everpure, sources
NEW YORK, June 30 : Activist investor Jana Partners has built a new position in technology company Everpure and is expected to soon announce the holding in a regulatory filing, according to two sources and documents reviewed by Reuters.The hedge fund began building its position in the first quarter of 2026 bu
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TikTok settles with minor plaintiff ahead of second individual trial over social media harm to children, law firm says
June 30 : TikTok has settled a lawsuit brought by a minor who claimed the platform damaged his mental health, a spokesperson for a law firm representing the plaintiff said Tuesday.The settlement was reached in principle but the details have not yet been finalized, according to a spokesperson for Morgan & Morg
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Anthropic unveils ‘Claude Science’ for scientific research
June 30 : Anthropic on Tuesday launched Claude Science, an AI research workbench, designed to help scientists streamline research, analyze data and manage complex computing workflows.The workbench offers scientists a user interface specifically designed for conducting research. The launch is part of An
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