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Disney prevails in high-stakes board vote

Walt Disney Co. on Wednesday won enough shareholder votes to retain its slate of a dozen board members and stave off challenges from hedge funds Trian Fund Management and Blackwells Capital.

AI chip company GSI Technology continues rally after launching new products

Shares of chip maker GSI Technology Inc., an increasingly popular artificial-intelligence play, were climbing 8.8% Wednesday — continuing a rally fueled by the launch of new server products this week.

Aurora leads gains for Canadian cannabis stocks after pot trade group beefs up ranks with industry exec

Aurora Cannabis Inc. led gains among Canadian cannabis stocks on Wednesday after an industry executive was named president of the Cannabis Council of Canada trade group.

Ulta Beauty’s stock is on pace for its biggest drop in four years. Executives blame this ‘soup of activity’ for slowing demand.

The slowdown had occurred “a bit earlier” and was “a bit bigger than we thought,” the company’s CEO says.

Trendy cryptos like Dogwifhat ride meme coin comeback — don’t get too excited

Meme coins are back in the spotlight. Be aware of the risks.

Amazon scores record valuation for the first time since 2021

While Amazon’s valuation is on pace to notch a new record, the shares themselves aren’t yet on track to notch a new high.

Something’s got to give: European regulators crack down on AI as U.S. tech companies plunge into the market

An ever-expanding assault on Big Tech by the European Union has U.S. companies scrambling to adhere to rules there while trying to not slow their dash to embrace generative artificial intelligence.

Trump to tap Wall Street moguls for fundraiser after hauling in $66 million last month

Former President Donald Trump’s 2024 campaign plans to hold a big fundraising event Saturday featuring major Wall Street figures, with billionaires from other industries also slated to attend.

Elon Musk says Nelson Peltz ‘definitely’ should be on Disney board

Tesla CEO Elon Musk also says he’d buy Disney shares if Nelson Peltz is elected to board.

Fed’s Powell: Too soon to say if recent higher-than-expected inflation is just a bump

Fed Chair Jerome Powell was cautious about interest-rate policy in remarks on Wednesday.

Yellen heads to China to fight a green trade war the U.S. may not win

President Joe Biden hasn’t renounced his predecessor’s trade war with China, but as Treasury Secretary Janet Yellen begins her second visit to the country in less than a year, it’s clear that the battlefield terrain has shifted.

AI means a ‘four-day workweek is coming’ for most, says investor Steve Cohen

AI is a ‘transformational’ technology that will create big winners and big losers, says hedge-fund titan Steve Cohen.
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