Markets, earnings, deals, and the macro shifts that move them. Reported for readers who already know the basics.
Software stocks closed May up 21%—their best monthly performance since 2001—after Snowflake and Okta delivered blowout earnings that challenged fears artificial intelligence would cannibalize the sector.
Sara Montes de Oca · 158 DAYS AGO
Dell Technologies posted 88% year-over-year revenue growth and a 757% surge in AI server sales for the quarter ended May 1, sending shares up as much as 39% in extended trading and prompting the company to raise its full-year AI revenue forecast to $60 billion.
Sara Montes de Oca · 159 DAYS AGO
Sixty percent of family offices plan their largest portfolio changes in five years, with non-U.S. wealth managers trimming dollar-denominated holdings and shifting capital to emerging markets, Europe, and other regions, according to the UBS Global Family Office Report.
Sara Montes de Oca · 159 DAYS AGO
The Commodity Futures Trading Commission sued Rhode Island on Thursday over the state's legal action against prediction market platforms Kalshi and Polymarket, making it the seventh state targeted by the federal agency in the ongoing regulatory dispute.
Sara Montes de Oca · 159 DAYS AGO
The CFTC has asked a New York federal court to vacate a January 2025 consent order against Gemini Trust, including an injunction tied to a $5 million penalty, drawing criticism from a former agency chair who called the move "very unusual."
Jay Goldberg · 159 DAYS AGO
Snowflake posted first-quarter adjusted earnings of 39 cents per share on revenue of $1.39 billion, both above analyst estimates, and announced a five-year, $6 billion commitment to Amazon Web Services that includes AI chips.
Jay Goldberg · 159 DAYS AGO
Amazon announced Wednesday that Neil Lindsay, head of Amazon Health Services since 2021, will step down on July 1 and be replaced by Dr. Roy Schoenberg, a co-founder of telemedicine company Amwell.
Sara Montes de Oca · 160 DAYS AGO
Elon Musk is preparing to take SpaceX public on the Nasdaq within weeks, and speculation is building that his ultimate aim is to eventually merge the $1.25 trillion rocket company with Tesla, which carries a market cap of around $1.6 trillion.
Sara Montes de Oca · 161 DAYS AGO
Space-sector stocks and ETFs surged Tuesday after SpaceX filed officially for an IPO last week, with analysts pointing to an "IPO premium" lifting competitors, suppliers, and proxy plays across the industry.
Jay Goldberg · 161 DAYS AGO
Goldman Sachs flagged a set of Russell 1000 stocks — including Eli Lilly, Fortinet, and Chewy — with low sensitivity to the AI trade, as the S&P 500 continues to set records on the back of concentrated technology momentum.
Sara Montes de Oca · 162 DAYS AGO
SpaceX's S-1 filing ahead of a $1.75 trillion Nasdaq IPO reveals Starlink generated more than $11 billion in revenue in 2025 and outlines the company's push to build AI data centers in orbit powered by space-based solar arrays.
Jay Goldberg · 163 DAYS AGO
Mumbai-based rooftop solar startup SolarSquare is in advanced talks to raise $55 million to $60 million in a Series C round co-led by B Capital and Lightspeed Venture Partners, at a valuation of up to $500 million.
Sara Montes de Oca · 164 DAYS AGO
Qualcomm shares surged 12% on Friday and are now up 75% in the past month, driven by a new Stellantis deal, a reported OpenAI chip partnership, and growing investor confidence in the chipmaker's edge AI and data center ambitions.
Sara Montes de Oca · 165 DAYS AGO
SpaceX launched its Starship V3 rocket Friday — the vehicle's 12th test flight and first in seven months — days after the company publicly filed for an IPO expected to raise approximately $75 billion next month.
Sara Montes de Oca · 165 DAYS AGO
Meta has launched Forum, a standalone iOS app built on Facebook Groups designed to compete with Reddit for online community discussions. Reddit shares fell roughly 6% on Friday following the announcement.
Sara Montes de Oca · 165 DAYS AGO
SpaceX scrubbed the 12th test flight of its Starship V3 rocket Thursday and rescheduled for Friday, one day after filing its IPO prospectus — marking what may be the company's last chance to impress investors before going public.
Sara Montes de Oca · 166 DAYS AGO
The National Institute of Standards and Technology announced letters of intent to award $2 billion in grants to nine quantum computing firms, with IBM receiving the largest share at $1 billion. The U.S. government will take a minority, non-controlling equity stake in each recipient company.
Sara Montes de Oca · 166 DAYS AGO
The U.S. Commerce Department plans to award $2 billion in grants to nine quantum computing firms, with IBM set to receive $1 billion to build America's first purpose-built quantum foundry, sending sector stocks sharply higher on Thursday.
Jay Goldberg · 166 DAYS AGO
Written for readers who already know the basics — markets, AI, and the policy decisions that shape both.