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OpenAI taps veteran of Nextdoor, Square as new CFO, raising speculation about IPO

Artificial-intelligence developer OpenAI said Monday that Sarah Friar would become its next chief financial officer, as it prepares to work more closely with a growing number of large companies and deal with an increasingly fraught landscape for the technology.

Yext stock falls on lower sales outlook as CEO warns ‘IT buyers remain cautious’

Shares of Yext Inc. tumbled on Monday after the online-marketing platform trimmed its full-year sales outlook and forecast second-quarter results that were below Wall Street’s expectations.

What investors may be getting wrong about Apple’s AI strategy

With on-device computing and privacy features, Apple could have a whole new cachet and appeal for consumers.

Eli Lilly’s Alzheimer’s drug gets backing from FDA advisers

Eli Lilly’s experimental Alzheimer’s drug donanemab on Monday moved a step closer to U.S. regulatory approval as it won support from an independent panel of advisers to the Food and Drug Administration.

American Express’s stock offers ‘attractive long-term’ potential, but it’s pricey: analyst

Citi initiated coverage of American Express, but analyst Keith Horowitz flagged the stock’s current valuation as “a fairly high bar” for a buy rating.

Trump wants IRS to stop taxing workers’ tips, as Americans say tipping is ‘out of control’

While Americans mull which workers to tip and how much they should be paying them, former President Donald Trump is saying tip earners shouldn’t have to give the Internal Revenue Service any cut of the gratuities they receive.

Coffee’s future lies in fancier ingredients and younger consumers, analysts say, as daily consumption dips

So-called specialty coffee shops — broadly, those that pay more attention to how coffee is made and sourced — have grown faster than other quick-service restaurants over the past decade, BofA analysts said.

Cooling costs are expected to soar this summer. Here are 5 ways to keep your bills down.

Air-conditioning bills are expected to soar this summer, but there are steps consumers can take to control them.

FedEx raises dividend 10%, but the new yield is less than half that of rival UPS

FedEx announced Monday a 9.5% increase in its quarterly dividend, which has now more than doubled in three years.

Individual stocks are increasingly going their own way. Here’s why a selloff might follow.

The stock market’s “fear gauge” is broadcasting a rosy outlook for the S&P 500. But beneath the surface, individual member stocks are increasingly going their own way.

Monster’s co-CEOs sold a chunk of their company’s stock — but wanted to sell a lot more

Monster Beverage Corp. said Monday that it has completed its tender offer to buy back $3 billion worth of its shares, including about $24 million worth of shares that were owned by co-Chief Executives Rodney Sacks and Hilton Schlosberg.

Newsmax plans to go public in deal expected to raise $75 million

The company will list on NYSE or Nasdaq later this year or early in 2025 as “NMAX.”
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