Tag: Business
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Amazon may face penalties from potential FTC ad suit, Bloomberg News reports
June 16 : Amazon.com may face a U.S. Federal Trade Commission lawsuit that could result in civil penalties, following allegations that the e-commerce giant misled advertisers, Bloomberg News reported on Tuesday.The FTC has a possible complaint against Amazon as part of an ongoing probe, Bloomberg reported, ci
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Data center provider Csquare reports revenue rise in US IPO filing
June 16 : Data center provider Csquare on Tuesday revealed a rise in annual and quarterly revenue in its filing for an initial public offering in the U.S. Activity in the U.S. IPO market has seen a rebound as several sectors seek to capitalize on the investor enthusiasm for fresh stocks, with many companies s
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Trading Day: US stocks mixed, oil slides, SpaceX continues its ascent
NEW YORK, June 16 : Wall Street was mixed on Tuesday as tech shares weighed on the S&P 500 and the Nasdaq while the Dow notched another record high and crude prices resumed their post-Iran-peace-deal slide.I will go into more detail on today’s market moves below. If you have more time to read, here are…
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Intel’s new manufacturing tech enters initial production
June 16 : Intel on Tuesday said the new generation of its 18A manufacturing process has entered risk production, as the chipmaker sees strong demand for its central processors.By moving 18A-P into initial production, Intel is aiming to show it is following through on its manufacturing commitments, potentially
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AT&T names Jennifer Biry as CFO from 2027, Desroches to retire
June 16 : Telecom provider AT&T said on Tuesday Pascal Desroches will retire as CFO at the end of 2026 and that Jennifer Biry would succeed him.Here are more details:• Jennifer Biry, the former CFO of McAfee, is set to become AT&T’s CFO at the start of 2027, according to a company filing.• B
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Microsoft’s cloud infrastructure talks with Oracle collapse, Business Insider reports
June 16 : Microsoft’s discussions with Oracle regarding a cloud infrastructure leasing deal, potentially valued at more than $3 billion, have fallen apart due to security and compliance concerns, Business Insider reported on Tuesday.
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SpaceX options debut pulls record demand as investors chase rocket stock
NEW YORK, June 16 : Trading in SpaceX options kicked off with record volume and bullish activity dominating on Tuesday, underscoring strong investor demand for a new way to bet on the future of Elon Musk’s aerospace company.Some 1.3 million SpaceX contracts traded by 2 p.m. ET (1800 GMT), handily surpassing M
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Hacking group claims major hack of Novo Nordisk and attempted $25 million extortion
June 16 : A cyber extortion group claimed on Tuesday to have stolen more than a terabyte of data from pharmaceutical giant Novo Nordisk and said it is exploring selling parts of the data after unsuccessfully demanding $25 million from the company. FulcrumSec, a cyber extortion group that emerged in October 2
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Rivian laying off hundreds of workers amid R2 launch
Rivian said Tuesday it was laying off hundreds of workers, or less than 2% of its workforce.
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SpaceX options debut draws record volume as investors chase rocket stock
June 16 : Trading in SpaceX options kicked off with heavy volume on Tuesday, underscoring strong investor demand for a new way to bet on the future of Elon Musk’s aerospace company.More than half a million contracts changed hands in the first hour of trading as investors piled into the newly listed company, m
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