Business

Los Angeles Mayor Karen Bass (L) and Los Angeles mayoral candidate Spencer Pratt. Los Angeles Times | Getty Images Los Angeles voters are heading to the polls Tuesday to elect their next mayor, a race that has put all eyes on the nation’s second-largest city.  But if no one reaches more than 50% of the

Berkshire Hathaway is deepening its bet on artificial intelligence and one of the industry’s dominant players, investing an additional $10 billion in Alphabet through a private stock purchase. Alphabet said Monday it reached an agreement to sell $5 billion of its Class A shares to Berkshire at $351.81 apiece and another $5 billion of Class

An Ulta Beauty store in Colma, California, US, on Wednesday, Dec. 3, 2025. David Paul Morris | Bloomberg | Getty Images Ulta Beauty on Tuesday reported quarterly results that beat on the top and bottom lines and hiked its earnings outlook as the retailer saw a strong start to its fiscal year. Shares of the

Palo Alto Networks reported a strong beat-and-raise quarter Tuesday night, putting to rest any lingering doubt that it will be disrupted by artificial intelligence. The stock was volatile in after-hours trading, but considering its blistering rally into earnings, it’s not surprising to see this kind of reaction. Revenue for the company’s fiscal 2026 third quarter

The Royal Pop watches from Audemars Piguet and Swatch. Courtesy: Swatch When the famed luxury watch brand Audemars Piguet announced a collaboration with Swatch last month, some Audemars collectors feared the worst. Rapper DDG said he would sell his $180,000 Audemars Piguet if the collaboration grew too big and cheapened the brand. Members of the

Could it be “SaaSpocalypse Never?” Software stocks are surging back from an artificial intelligence-driven sell-off that saw the group shed almost 40% from highs last year, rallying about 6% Monday in a surge that brought the year-to-date performance in the iShares Expanded Tech-Software Sector ETF (IGV) into positive territory for the first time. The fund

Berkshire Hathaway agreed Sunday to acquire homebuilder Taylor Morrison Home in a $6.8 billion deal, deepening the conglomerate’s bet on the U.S. housing market after a prolonged downturn. The Omaha, Nebraska-based company will pay $72.50 per share in cash for Taylor Morrison, according to a statement. The offer represents a 24% premium to the homebuilder’s

Hewlett Packard Enterprise shares skyrocketed 30% on Monday after the tech company posted blockbuster second-quarter results that blew away estimates. Here’s how the company did compared to LSEG estimates: Earnings per share: 79 cents adj. vs. 53 cents expected Revenue: $10.68 billion vs. $9.79 billion expected It was the company’s biggest EPS beat since February

Matthias Balk | Picture Alliance | Getty Images Five years ago, venture capitalists were pouring money into American startups selling everything from lingerie subscriptions to scheduling software, anointing them with billion-dollar valuations before most even turned a profit. It was a frothy era for startups, fueled by a combination of cheap money and pandemic-boosted demand.

Berkshire’s widely held B shares are now running 16.3 percentage points behind the benchmark index year-to-date, the biggest gap so far in 2026. Originally Posted Here

COPENHAGEN, Denmark – On the day of its IPO in 2012, Brunello Cucinelli issued an uncommon ultimatum to investors: if they wanted short-term profits achieved by harming the environment or damaging people, they should not invest. In stark contrast to an industry filled with flatlining sales, the Italian luxury house known as “the King of

This photograph shows the logo of the logo of SentinelOne during the 18th edition of the “InCyber” Forum, an international cyber security event, at the Grand Palais in Lille, northern France on April 1, 2026. Sameer Al-doumy | Afp | Getty Images SentinelOne shares sank 8% as the cybersecurity company laid off 8% of its

Retail investors are rushing into the space investing trade ahead of the SpaceX IPO, and one ETF has cashed in on the excitement. Tema ETFs’ Space Innovators ETF, which launched on March 30 and trades under the ticker symbol NASA, crossed $1 billion in assets in just 37 trading days, and by the end of

The latest earnings season has eased concerns about a potential artificial intelligence bubble. Increased spending by hyperscalers and other companies has reinforced confidence in the demand for AI infrastructure and software solutions. Investors keen on capitalizing on the AI boom can track recommendations from top Wall Street analysts, who give key insights into a company’s

When music executive Anjula Acharia began launching superstar actress Priyanka Chopra Jonas into Hollywood in the early 2000s, her label partner Jimmy Iovine — the name behind pop sensations such as Eminem and Lady Gaga — told her she was 20 years too early to bring South Asian talent to the U.S. Now, Acharia is

Shares of Dell Technologies closed 32.76% higher on Friday, wrapping its best day ever after the company reported its fastest pace for revenue growth for any period since returning to the public market in 2018. The stock narrowly beat its previous record from March 1, 2024, when it popped 31.6%. Shares are now up 234%

The 220 Central Park South building, center, stands in New York, U.S., on Wednesday, Jan. 23, 2019. Just days after buying one of the most expensive residential properties in London, Citadel founder Ken Griffin set a U.S. record with the $238 million penthouse at 220 Central Park South. Jeenah Moon | Bloomberg | Getty Images

Traders work at the New York Stock Exchange on May 28, 2026. NYSE The rally in software stocks has gone from recovery to raging bull market, and traders are betting there’s more to come. The iShares Expanded Tech-Software ETF (IGV) is up 35% from its April low after a 5% rally Friday on the back

Federal Reserve Governor Michelle Bowman on Friday cautioned against raising interest rates to address the current spike in prices. With inflation running well above the central bank’s 2% target, markets are expecting the Fed to stay on hold this year then possibly start raising rates in early 2027. Current pricing is indicating virtually no chance

Sridhar Ramaswamy, CEO of Snowflake, helps ring The Closing Bell at the New York Stock Exchange on Sept. 30, 2025. NYSE The “SaaSpocalypse” may not be over. But for now at least, fears of software’s demise have cooled. Software stocks soared this week, driven by strong results from Snowflake and Okta, signaling that some companies

When Candice Choi launched her Korean seaweed snack brand, Geem, in 2023, she thought the company would be strictly direct-to-consumer, with its marketing strategy relying primarily on TikTok. But within three months, the seaweed snacks were on the shelves of grocery stores, including some Whole Foods locations, where Geem chips sit next to kale chips

Screens displaying the logo and homepage of prediction market platform Polymarket in Saint-Mande, east of Paris, April 29, 2026. Martin Lelievre | Afp | Getty Images The Commodity Futures Trading Commission announced on Thursday that it was suing Rhode Island, one week after the state took action against two prediction market platforms.  It marks the

Maskot Bildbyrå | Digitalvision | Getty Images Family offices are planning the biggest changes to their portfolios in years, with many moving money out of the U.S., according to a new survey. Fully 60% of family offices plan to make strategic changes to their investment allocation in the next year – about twice the level

Dell reported its fastest pace of revenue growth for any period since its return to the public market more than seven years ago, and topped analysts’ estimates for sales and profit. The stock climbed as much as 39% in extended trading on Thursday. Here’s how the company did in comparison with LSEG consensus: Earnings per

Chinese electric car company Nio announced May 27, 2026, that former NBA player Yao Ming (R) would be a representative for the brand as it launches the ES9 SUV, a car that CEO William Li Bin (L) touted as the largest SUV in China. Lintao Zhang | Getty Images News | Getty Images BEIJING —

The Micron Memory Japan K.K. booth at the Semicon Japan exhibition in Tokyo, Dec. 18, 2025. Kiyoshi Ota | Bloomberg | Getty Images The rally in semiconductor stocks is so incredible, traders can’t help but bet against it. Open interest in put contracts on the VanEck Semiconductor ETF (SMH) have surged the past two months

Boeing CEO Kelly Ortberg said Wednesday that the company has met requirements set by the Federal Aviation Administration to increase its production of 737 Max aircraft to 47 jets per month. The company is currently rolling out aircraft at a rate of 42 per month, Ortberg said at a Bernstein conference. “We’ve passed the capstone

Salesforce on Wednesday evening delivered better-than-expected quarterly results, but it wasn’t enough to convince the market that AI will help — not hurt — its enterprise software business. Revenue in the quarter ended April 30 rose 13.3% year over year to $11.13 billion, topping expectations of $11.05 billion, according to LSEG. Adjusted earnings per share

Nvidia CEO Jensen Huang announced plans for a new campus in Taiwan during an employee meeting on May 27, 2026. Nvidia Nvidia is expanding heavily in Taiwan with a new campus and a tenfold increase in annual spending, CEO Jensen Huang announced Wednesday, as the chipmaker plans for artificial intelligence-powered growth. Taiwan’s Taiex stock index

Options traders are convinced the “SaaS-pocalypse” is over. Whether that’s true will likely depend on the market’s reaction to Salesforce earnings after the bell Wednesday. Volume ratios in options trading on the iShares Expanded Tech-Software Sector ETF (IGV) have been increasingly bullish throughout this month, including on Tuesday — when more than twice as many