Tag: Business
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SpaceX IPO makes Elon Musk the world’s first trillionaire
June 11 : Few business leaders have been as deeply embedded in popular culture as Elon Musk, the ambitious entrepreneur who has become a central figure in internet culture and amassed a fortune that has made him the world’s first trillionaire. At a time when concerns about inequality are high and public a
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Nvidia hires veteran lobbyist Bruce Andrews to head government affairs, sources say
SAN FRANCISCO, June 11 : Nvidia has hired veteran lobbyist Bruce Andrews to head government affairs in Washington, D.C., two sources briefed on the matter said on Thursday.Andrews served as chipmaking rival Intel’s government affairs chief under former CEO Pat Gelsinger. During the Obama administration, Andre
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Jim Cramer warns SpaceX could soar to unsustainable levels after its debut
CNBC’s Jim Cramer warned that overwhelming demand for SpaceX could send the stock to unsustainable levels after it begins trading.
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Adobe raises annual forecasts, CFO exit fans uncertainty over growth strategy
June 11 : Adobe raised its annual revenue and profit forecasts on Thursday, but the sudden exit of CFO Dan Durn added to concerns about the company’s strategy to navigate the crowded design industry.Shares of the Photoshop maker fell 5 per cent in extended trading.Steve Day, senior vice president of co
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Marvell names Adobe’s Dan Durn as finance chief amid growing AI demand
June 11 : Marvell Technology on Thursday named Adobe’s Dan Durn as chief financial officer, succeeding Willem Meintjes, who is stepping down after more than three years in the role.Durn will take charge at Marvell starting June 15, while Meintjes will remain with the semiconductor company in an advisory role
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Google says ShinyHunters hackers targeting education sector via Oracle exploit
June 11 : Alphabet’s cybersecurity unit Mandiant and Google Threat Intelligence Group said Thursday they had identified an active compromise and extortion campaign targeting Oracle’s PeopleSoft enterprise software, which they attributed to the hacking group ShinyHunters.The campaign took place between May 27
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Trading Day: Peace beckons … again
ORLANDO, Florida, June 11 : Wall Street staged its biggest bounce in two months on Thursday, and oil and bond yields tumbled, after U.S. President Donald Trump canceled planned strikes on Iran and said a peace deal could be signed as soon as this weekend. In my column today, I look at why the record-breaking
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States challenge Nasdaq, FTSE Russell for fast-tracking SpaceX
(In first paragraph, corrects number of states challenging indexes to four from five)By Ross KerberJune 11 : Investment leaders from four large states pressed Nasdaq and FTSE Russell for details about recent rule changes favoring SpaceX and other megacap IPOs, and suggested the index providers put the
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Adobe raises annual revenue forecast, CFO to exit
June 11 : Adobe raised its annual revenue forecast on Thursday, signaling increased adoption of its AI tools, and announced the departure of CFO Dan Durn, only three months after the Photoshop maker’s CEO said he would step down. Shares of the company fell around 6 per cent in extended trading. The com
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Dollar falls after Trump halts US strikes on Iran
NEW YORK, June 11 : The dollar dropped sharply against major peers on Thursday after President Donald Trump called off plans for renewed U.S. military strikes on Iran at the last minute, saying negotiations with Tehran were heading towards a possible deal. The dollar tends to strengthen during periods of hei
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