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Salesforce to buy data-security startup Own for $1.9 billion

Salesforce on Thursday announced a deal to acquire cloud startup Own Co. for about $1.9 billion in cash.

Little-known Florida couple with GameStop winnings continues to build stake in JetBlue

A Florida couple is building up their stake in JetBlue Airways Corp. and has been discussing possible board representation at the airline, according to a filing on Thursday.

Small-cap stocks unloved in ETF flows —  but Rob Arnott likes these ‘underdogs’

This week’s ETF Wrap looks under the hood of unusually strong flows in August.

Markets are uneasy as a U.S. recession looks more likely

Investors have been extra sensitive to weak economic data and talk about an upcoming recession.

UiPath sees 10% revenue jump on ‘increasing need’ for AI; stock rallies

UiPath also raised its guidance and approved a half a billion stock buyback program.

AST SpaceMobile shares slide on $400 million stock sale

Shares of AST SpaceMobile Inc. fell 14% Thursday after the space-based broadband company announced an at-the-market sale of up to $400 million of common stock.

Costco posted another sales gain last month as bigger retail chains pull ahead

The bulk retailer’s same-store sales were up 5% in August and 5.4% in its most recent quarter.

Broadcom boosts AI revenue outlook, but stock falls after mixed earnings

While Broadcom beat on infrastructure solutions revenue in the latest quarter, it missed in semiconductor solutions and came up short on its overall revenue outlook for the current quarter.

Docusign posts earnings beat and turns to next leg of post-pandemic strategy

The e-signature company recently started rolling out a new platform that uses AI and lets customers analyze all their contracts.

Trump calls for slashing corporate tax rate — for domestic producers only

Former President Donald Trump, in a speech Thursday, proposed lowering the corporate tax rate to 15% “solely for companies that make their product in America,” amending a previous proposal to lower the rate for all U.S. corporations.

J.D. Vance suggests ‘Grandma and Grandpa’ can provide child care for cash-strapped families. Many grandparents can’t afford to do that.

The assertion that grandparents or anyone else should be providing child care without a plan to pay them “plays into this harmful narrative that undervalues caregiving,” one advocate says.

OPEC+ delaying its oil-output increase won’t solve ‘pervasive’ worries over weak demand

The Organization of the Petroleum Exporting Countries and its allies on Thursday decided to postpone an increase in crude-oil production. But supplies aren’t the only problem for oil.
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