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Micron Forecasts Strong Earnings on AI Demand; Shares Rise 7%
Micron Technology forecast second-quarter adjusted profit at nearly double what Wall Street analysts expected.

By The Financial District
Dec 24, 20251 min read


Rivian CEO Pushes Self-Driving EVs, In-House AI Chips to Compete With Tesla
At Rivian’s Autonomy and AI Day, the pure-play electric vehicle maker outlined a wide range of technology and software initiatives, with a strong emphasis on vertical integration.

By The Financial District
Dec 24, 20251 min read


Bourbon Maker Jim Beam Halts Production at Main Distillery for a Year
The maker of Jim Beam bourbon said it will halt production at its main distillery in Kentucky throughout next year as it invests in site upgrades.

By The Financial District
Dec 24, 20251 min read


Ellison’s Hardball Warner Bros. Tactics Gave Netflix an Opening: Bloomberg
On the night of Dec. 3, lawyers from Quinn Emanuel Urquhart & Sullivan sent a letter to Warner Bros. Discovery Inc. raising “serious concerns about the fairness and adequacy” of the company’s sale process.

By The Financial District
Dec 24, 20252 min read


OpenAI Ends New-Hire Vesting Restriction as Talent War Intensifies
OpenAI recently informed employees it would end the six-month “vesting cliff” for new hires, a move designed to encourage staff to take risks without fear of losing their first chunk of equity.

By The Financial District
Dec 23, 20251 min read


ServiceNow Nears $7 Billion Deal for Armis
ServiceNow Inc. is in advanced talks to buy cybersecurity startup Armis in a deal that could be valued at as much as $7 billion and would represent the tech company’s largest acquisition to date.

By The Financial District
Dec 22, 20251 min read


Texas Roadhouse Closes All 736 Restaurants on Christmas
People hoping to enjoy a Christmas meal at Texas Roadhouse will be out of luck, as the company has decided to close all 736 of its locations on the holiday in 2025.

By The Financial District
Dec 22, 20251 min read


SEC Honors Globe for Sustainability Model
In an era when “ESG” is too often reduced to a checklist, the Securities and Exchange Commission’s (SEC) decision to honor Maria Yolanda Crisanto with the 2025 Private Sector Sustainability Champion Award lands with uncommon clarity.

By Lito U. Gagni
Dec 22, 20253 min read


"Customers Don’t Care About AI," Intuit CEO Says
While Wall Street and Silicon Valley are obsessed with artificial intelligence (AI), many businesses don’t have the luxury of fixating on it because they are too busy trying to grind out more revenue.

By The Financial District
Dec 20, 20251 min read


OpenAI’s "Code Red" Alert Meant to Force Company to Focus
OpenAI Chief Operating Officer Brad Lightcap said the company’s recent “code red” alert is intended to force the $500 billion startup to sharpen its focus as it faces intensifying competition.

By The Financial District
Dec 19, 20251 min read


Cisco Reaches Pre–dot-com Crash Levels for First Time in 25 Years
Cisco Systems Inc. (CSCO), a bellwether stock of the dot-com technology revolution, has returned to a record high after a quarter century, thanks in part to the artificial intelligence (AI) spending boom.

By The Financial District
Dec 19, 20251 min read


Oracle Sinks Following Tepid Earnings Report
.Oracle shares fell more than 6% after the bell as the company’s quarterly revenue came in below Wall Street expectations.

By The Financial District
Dec 19, 20251 min read


Intel Nears $1.6-B Deal for AI Chip Startup SambaNova
Intel Corp. is in advanced talks to acquire artificial intelligence chip startup SambaNova Systems Inc. for about $1.6 billion, including debt.

By The Financial District
Dec 19, 20251 min read


Broadcom Stock Sinks After Results Show Profit Pressures
Broadcom stock fell more than 11% to end last week after the company’s quarterly results raised investor concerns about the profitability of its AI business.

By The Financial District
Dec 18, 20251 min read


Microsoft AI Won’t Match Meta’s High-Flying Pay Packages
Microsoft AI CEO Mustafa Suleyman says he’s not trying to lure AI talent with sky-high pay packages.

By The Financial District
Dec 18, 20251 min read


New Japan Law Regulates Control of Google, Apple Over App Stores
Dec. 18 will mark the enforcement of a new law aimed at curtailing the dominance of major technology companies and fostering competition in Japan’s technology services market.

By The Financial District
Dec 17, 20251 min read


Prada to Launch $930 "Made in India" Sandals After Backlash
Prada will make a limited-edition collection of sandals in India inspired by the country’s traditional footwear, selling each pair at around 800 euros ($930).

By The Financial District
Dec 17, 20251 min read


SpaceX Trading Debut Will Be "Craziest IPO" Ever, Investors Claim
Investors welcomed reports that SpaceX is mulling a potential initial public offering that would help fund Elon Musk’s Mars ambitions and value the rocket and satellite company at more than $1 trillion.

By The Financial District
Dec 17, 20251 min read


Microsoft AI Boss Calls Musk a "Bulldozer" Who "Bends Reality to His Will"
Microsoft AI CEO Mustafa Suleyman has described OpenAI’s Sam Altman as “courageous,” noting that OpenAI is aggressively building out a fleet of AI data centers to handle the massive amount of computing power needed to run ChatGPT.

By The Financial District
Dec 17, 20251 min read


Cursor’s AI Help Desk Handles 80% of Internal Support Tickets
AI coding assistant startup Cursor is not only using artificial intelligence to help developers write code — it is also deploying AI extensively across its own internal operations.

By The Financial District
Dec 17, 20251 min read


Google Cloud CEO Lays Out Three-Part Plan to Meet AI Energy Demand
The immense electricity needs of artificial intelligence computing were flagged early as a major bottleneck, prompting Alphabet’s Google Cloud to plan how to source and use energy more efficiently.

By The Financial District
Dec 17, 20251 min read


EU Probes Google Over Alleged Abuse of its AI Dominance
Google has been hit with a European Union (EU) probe over suspicions that the US tech giant is abusing its market power in its rollout of artificial intelligence (AI).

By The Financial District
Dec 16, 20251 min read


CVS Forecasts 2026 Profit Above Wall Street Estimates
CVS Health has forecast 2026 profit above Wall Street expectations and higher than its projected earnings for this year, signaling steady progress in the healthcare conglomerate’s turnaround plan.

By The Financial District
Dec 16, 20251 min read


IBM Catches Market Unawares with $11-B Confluent Acquisition
IBM shares recently rose 0.5%, adding to the company’s 41% year-to-date stock gain, after the consulting and technology provider announced plans to acquire real-time data-streaming platform Confluent.

By The Financial District
Dec 16, 20251 min read
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