Articles

Treasury yields dip from four-week peak as crucial inflation data looms

Treasury yields fell early Thursday, as a global risk-off tone across markets encouraged buyers to nibble at sovereign debt.

Blackstone executive says commercial real estate is bottoming

Blackstone’s chief operating officer told analysts that now is the time to invest in commercial real estate because there are early signs of recovery.

Brookfield leading talks to buy renewable energy provider for $6.5 billion

Canadian alternative-investment giant Brookfield said it’s leading talks to buy a majority stake, and then buy out, French renewable energy provider Neoen from other shareholders.

HP reduces rate of sales declines while looking ahead to AI PC boom

HP’s CEO says artificial-intelligence PCs could make up 10% of shipments in the second half of the fiscal year.

Okta lifts its earnings outlook while taking ‘prudent’ view of customers’ budgets

The software company acknowledges some macroeconomic pressures on smaller customers.

Nelson Peltz sells his stake in Disney, weeks after losing proxy fight: report

Activist investor Nelson Peltz has reportedly sold his stake in the Walt Disney Co., weeks after losing a proxy battle for seats on the company’s board of directors.

Frank inflation: Americans are now prepared to spend nearly $6 for a hot dog

The summertime classic has climbed in price by 7.1% during the past year, according to the latest government figures

Salesforce’s stock tumbles as earnings provide latest dose of software-sector pain

The stock could see its steepest daily decline since 2008 as the company experiences “elongated deal cycles, deal compression and high levels of budget scrutiny.”

BlackRock’s bitcoin ETF on verge of eclipsing Grayscale’s fund

BlackRock is vying for the most assets managed by exchange-traded funds that track bitcoin prices, making a quick ascension to challenge the dominance of Grayscale Investments.

Nutanix offers weaker guidance, and stock drops 12%

Shares of Nutanix Inc. fall more than 12% in the extended session Thursday after a mixed quarter for the cloud computing company.

Target’s plan to scale back 2024 Pride Month merchandise is ‘a no-win situation,’ retail expert says

Target said its 2024 Pride collection will be available on its website “and in select stores, based on historical sales performance.”

C3.ai rides ‘intensifying’ wave of AI demand as revenue jumps 20%

Software company reports narrower-than-expected quarterly loss and revenue above Wall Street estimates.
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