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(l to r) Jack Morris, Sabri Eyuboglu, Dan Biderman, Scott Linderman, and Jessy Lin of Engram.Courtesy: Natalie BidermanWith corporate America finally starting to crack down on untamed AI usage by developers, an 8-month-old startup called Engram sees a big business opportunity in helping companies save money. Engram on Tuesday announced that it raised $98 million from investors including General Catalyst, Kleiner Perkins and Sequoia, as well as OpenAI co-founder Andrej Karpathy, who recently joined Anthropic. The startup, which dubs itself the “learned memory” of AI, says its models can recall organization-specific workflows and context to anticipate questions and give smarter…

Investing.com — Nike stock slipped 1.4% in pre-open trading today, trading at $42.58, as a pair of analyst actions reignited concerns about the depth and timeline of the company’s ongoing business turnaround. Evercore ISI downgraded the stock from Outperform to In Line and cut its price target to $46 from $57, citing persistent wholesale channel resets, minimal product innovation visible through calendar year 2027, and near-term execution stumbles — including delivery problems tied to the FIFA World Cup — as evidence that the recovery is progressing far more slowly than previously anticipated. The firm also noted that Nike’s preliminary guidance…

Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., June 22, 2026. Brendan McDermid | ReutersGlobal stocks sold off on Tuesday, led by deep losses for tech stocks following a losing session for the sector on Wall Street. Shares in Asia were broadly lower by the end of the day’s trading session, with South Korea’s tech-heavy Kospi index closing 10% lower. The index was dragged down by chipmaker SK Hynix and tech giant Samsung, with both companies ending the session on losses of more than 12%. In Europe, shares also fell sharply…

Leading ally of the PM Nick Thomas-Symonds has said he is backing Andy Burnham to succeed Sir Keir Starmer as Labour leader and prime minister.Thomas-Symonds, who is a Cabinet Office minister, was one of about 200 Labour MPs pictured with Burnham after he was sworn in as an MP on Monday.Since Sir Keir announced he was stepping down, Labour MPs have been debating whether there should be a contest to replace him or whether possible contenders should withdraw to give Burnham, the frontrunner, a clear path to No 10.Former defence minister Al Carns and senior minister Darren Jones are both…

International Business Machines should be bought due to an “underappreciated” opportunity in its growing software business, according to JPMorgan. The investment bank upgraded the legacy tech name to overweight from neutral. It also hiked its price target on shares to $291 from $270, implying 15% upside from Monday’s close. “We are upgrading to Overweight with greater confidence in a 2H’26 … software acceleration following a deeper look at IBM’s software business,” analyst Brian Essex said Tuesday in a note to clients. “Software continues to drive better recurring revenue, margins, profitability, and cash flow.” IBM YTD mountain IBM year to date…

Why is SpaceX stock sliding today? Source link

The logo of the software and hardware manufacturer Oracle can be seen at the German headquarters. Picture Alliance | Picture Alliance | Getty ImagesOracle shed 21,000 jobs, almost 13% of its workforce, in the past year, as tech giants carry out sweeping layoffs as a result of the technology. The company’s total workforce stands at 141,000 full-time employees as of May 2026, it said in its annual regulatory filing on Monday. That’s down from 162,000 employees at the same time the previous year. This represents an almost 13% cut in its total workforce. Oracle’s stock was last seen down 3%…

New York Mayor Zohran Mamdani (R) welcomes US Senator Bernie Sanders (I-VT) during the “Our Team, Our Year” Get Out The Vote (GOTV) rally at the Kings Theatre in Brooklyn, New York, on June 18, 2026. Kena Betancur | AFP | Getty ImagesVoters in New York, Maryland, Utah and South Carolina head to the polls Tuesday in primaries that will test the power of outside money, party establishment and the political figures trying to bend both to their side.The marquee race is in New York’s 12th District, where Democrats are choosing a nominee to replace retiring Rep. Jerry Nadler in…

An empty street in Toulouse, France, on June 22, 2026. France experiences its second heatwave of the year, with temperatures in Toulouse reaching or surpassing 40?C. MeteoFrance reports that this day is expected to be one of the hottest on record.Nurphoto | Nurphoto | Getty ImagesSeveral countries in Europe have issued red weather alerts as a fresh bout of extreme heat pushes temperatures beyond 40 degrees Celsius (104 degrees Fahrenheit), bringing dangerous conditions across large swaths of the world’s fastest warming continent. The U.K.’s Met Office on Monday put a rare red extreme heat warning in place for Wednesday and…

AI companies have poured more than $20 million into a New York Democratic primary race that could shape what artificial intelligence policies the federal government ultimately adopts. The race in a Manhattan congressional district pits state Assemblyman and AI safety advocate Alex Bores against fellow Assemblyman Micah Lasher and John F. Kennedy grandson Jack Schlossberg.Two major super PACs affiliated with AI companies are facing off in New York’s 12 congressional district — the only congressional race so far where both groups are involved. Leading the Future, whose backers include venture capital firm Andreessen Horowitz, Open AI co-founder Greg Brockman, and…