Author: Daniel snow
The company cited tariffs and consumer uncertainty as major factors in its plan to lay off as much as 6 percent of its workforce in the next two years. Source link
Paramount’s sale to Skydance Media has stalled amid regulatory paralysis — and Lightshed Partners predicts that if a resolution isn’t reached by October, the deal will be called off. Source link
Jeremy Allaire, CEO of Circle Internet Group, the issuer of one of the world’s biggest stablecoins, and Circle co-founder Sean Neville pose outside the New York Stock Exchange (NYSE), on the day of the company’s IPO in New York City, U.S., June 5, 2025.Brendan McDermid | ReutersShares of Circle Internet Group soared 173% after the stablecoin company and its selling shareholders raised almost $1.1 billion in an initial public offering.The stock opened at $69.50 on the New York Stock Exchange after its IPO priced at $31. At one point, it traded as high as $103.The New York-based company priced its…
While new filings are still at historically low rates, they reflect recent layoffs and a softening economic outlook. Source link
Readers respond to articles about the G.O.P. bill and some House Republicans’ regrets. Also: Restricting Covid vaccines; a decline in values. Source link
President Donald Trump said he spoke Thursday with his Chinese counterpart, Xi Jinping, saying they had a “very good phone call” that lasted about an hour and a half and focused on the “intricacies” of a preliminary U.S.-China deal on trade. Source link
The Anduril Industries headquarters in Costa Mesa, California, US, on Thursday, Dec. 14, 2023. Kyle Grillot | Bloomberg | Getty ImagesDefense tech startup Anduril Industries has raised $2.5 billion at a $30.5 billion valuation, including the new capital, Chairman Trae Stephens said on Thursday.”As we continue working on building a company that has the capacity to scale into the largest problems for the national security community, we thought it was really important to shore up the balance sheet and make sure we have the ability to deploy capital into these manufacturing and production problem sets that we’re working on,” Stephens told…
The air traffic control crisis is nationwide, but it’s most acute at the New York area’s second-busiest airport. Source link
AppLovin and Interactive Brokers are among the largest companies by market cap that still aren’t in the benchmark index. Source link
his satellite image from Planet Labs PBC shows what appears to be a sunken Chinese submarine at a shipyard near Wuhan, China, June 15, 2024.Planet Labs PBC via APShares of satellite imagery company Planet Labs soared more than 50% during Thursday’s trading session on the back of its strong first-quarter earnings report.The company on Wednesday posted its first-ever quarter of positive free cash flow, coming in at $8.0 million. Planet Labs also exceeded quarterly estimates on top and bottom lines, reporting record revenue for the period.Stock Chart IconStock chart iconPlanet Labs’ performance over the past dayPlanet Labs posted breakeven adjusted…