The Strategy (Nasdaq: MSTR), née MicroStrategy, stock continued to decline on the price chart even days after the world’s leading Bitcoin (BTC) treasury company announced its first BTC sale in years on June 1. The stock has lost 40% of its…
Fast-moving startup Kalshi just gave Wall Street another reason to eye prediction markets. The federally regulated platform that lets users bet on the outcome of almost everything recently said its crypto derivatives product crossed $1 billion in notional volume less…
By Naomi Rovnick LONDON, June 9 (Reuters) – Tumult on world markets in the past week shows the economic outlook is now on a knife edge, investors said, with equal odds of an AI boom lifting growth or oil shocks…
Salesforce laid off employees across its Agentforce, MuleSoft, and Marketing Cloud teams, according to Business Insider, which first reported the cuts. According to a California WARN notice, 86 positions were eliminated across sales, general administration, and technology and product functions….
Kalshi announced new market integrity measures on Tuesday, including a requirement for traders in certain markets to disclose their employer before placing bets, as scrutiny of insider trading on prediction market platforms grows. The employment disclosure requirement applies to markets…
Stock market investors often have to make a trade-off between stability and growth. That’s because the fastest-growing companies often have riskier business models, which leads to more volatility. That said, Walmart (NASDAQ: WMT) has recently begun turning this axiom on…
Broadcom (AVGO) just posted the kind of quarter most chipmakers can only dream about. Record revenue, AI sales up triple digits, and a growing roster of marquee customers. Then the stock fell. Shares of Broadcom dropped 12.59% on June 4…
Freight broker Fura announced Monday that it has acquired LG Logistics Solutions. This marked the sixth acquisition for the Cincinnati-based AI-powered 3PL. Financial terms of the transaction were not disclosed. “Freight brokerage is one of the largest and most fragmented…
ArcBest announced Monday a 5.9% increase to general rates and charges for less-than-truckload services in both of its business units. The increase takes effect on June 22. This year’s general rate increase is a little ahead of the 11-month cadence…
The chain restaurant sector has battled an array of economic issues over the last five years that have led to location closings and bankruptcy filings. Certain fast-food chains, such as Long John Silver’s, have downsized their businesses dating back to…
A new face will be roaming the Portland Trail Blazers’ sidelines next season. The Trail Blazers hired former Minnesota Timberwolves assistant coach Micah Nori as their head coach, the team announced on Tuesday. Nori had been serving as the lead…
A SpaceX Falcon 9 rocket carrying the Starfall capsule Jennifer Briggs/ZUMA Press Wire/Shutterstock SpaceX launched its secretive Starfall delivery system today, which saw a demo capsule blast off to low Earth orbit. There are few details about the launch or…
The outdoor retail sector continues to reset following a boom and bust cycle. The latest chain to feel the impact from the reset is skateboarding and sporting goods retailer 303 Boards. The Boulder, Colo.-based company filed its Subchapter V petition…
