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Salesforce CEO Marc Benioff laid out his strategy for navigating a period of sharp stock underperformance: focus on delivering a strong product for customers and keep buying back shares.”We’re going to keep focusing on our customer success,” Benioff said on “Mad Money” on Wednesday. “We’re going to continue to drive our revenue, we’re going to continue to deliver tremendous cash flow.”Shares of Salesforce have struggled this year amid growing concerns that generative AI platforms from companies like Anthropic and OpenAI could disrupt traditional software providers. The stock slipped another 1.5% in extended trading Wednesday despite better-than-expected earnings, as investors focused…
Ferrari’s first fully electric car, called Luce, in a handout image obtained by Reuters May 25, 2026, after the luxury sports car maker unveiled the model.Ferrari | Via ReutersFerrari’s stock plummeted after it unveiled its first fully electric vehicle, which was criticized by the luxury carmaker’s former boss and even Italy’s transport minister.The company’s shares fell more than 8% on Tuesday after the unveiling of the Luce, Ferrari’s first five-seater that priced at 550,000 euros, roughly $640,000. The Milan-listed stock, which briefly rose over 2% on Wednesday morning, closed the session marginally lower.Auto analysts, however, downplayed the negative market reaction,…
Gemini Co-founders Tyler Winklevoss and Cameron Winklevoss attend the company’s IPO at the Nasdaq MarketSite in New York City, U.S., Sept. 12, 2025. Jeenah Moon | ReutersThe U.S. Commodity Futures Trading Commission asked a judge on Wednesday to vacate the agency’s $5 million penalty against a cryptocurrency exchange founded by twin brothers who donated to President Donald Trump’s election campaign in 2024.The CFTC said regulators should never have accused Tyler and Cameron Winklevoss’ Gemini Trust Company of making false statements in connection with its bitcoin futures business.Gemini settled the CFTC charges in January 2025 during the final weeks of President Joe Biden’s administration, paying a $5 million penalty and agreeing to an injunction that would prevent the…
FAA orders SpaceX to investigate Starship booster mishap Source link
Plotting aside, Mina the Hollower is full of colorful NPCs that shine through in some efficient and fun writing. While half of the characters simply act as signposts to some objective or other, the other half will pop up with non-sequiturs and turns of phrase that had me grinning all evening. And you never know when an ostensible friend might turn into a pickpocket that you need to chase down, or when that hard luck case you’re rescuing might transform into a terrifying mini-boss. Unlike real-life snowmen, these guys don’t just stand still and take your abuse. Credit: Yacht Club…
South Korea’s Kospi recently hit an all-time high, but the index appears to be overly reliant on two heavyweights — Samsung Electronics and SK Hynix — according to BTIG analyst Jonathan Krinsky in a note. “We get the fundamentals around memory are robust, but the concentration risk of this index has become increasingly outsized when relying on just two names,” Krinsky said. The iShares MSCI South Korea ETF is “set to gap up again into trendline resistance,” he said. “It’s been a hard trend to fight, but given the increasingly obvious breadth deterioration, we would be on guard for a…
China’s auto industry is unlikely to return to ’golden era,’ NIO CEO says Source link
An LG Energy Solution Co. battery cell at the InterBattery exhibition in Seoul, South Korea, on Wednesday, March 5, 2025. SeongJoon Cho | Bloomberg | Getty ImagesShares of LG Energy Solution surged as much as 16.56% Thursday after its U.S. unit secured a deal to supply battery cells for DTE Energy’s storage projects in Michigan. The eight projects will deliver 1.5 gigawatts of battery storage, or 6 gigawatt-hours, allowing electricity to be stored when excess power is generated and distributed to customers as needed, the company’s unit, LG Energy Solution Vertech, said in a press release. The deal is worth $1.6 billion, according to…
Kuwaitis gather at an exhibition of military equipment as they celebrate the country’s 61st Independence Day and the 31st anniversary of the end of the Gulf war with the liberation of Kuwait from Iraqi occupation, in Kuwait City, on February 25, 2022. (Photo by Yasser Al-Zayyat / AFP) (Photo by YASSER AL-ZAYYAT/AFP via Getty Images)Yasser Al-zayyat | Afp | Getty ImagesKuwait’s air defenses were activated Thursday in response to “hostile missile and drone threats,” according to a post from its armed forces on X. The post did not say where the attacks were from, but added any sounds of explosions…
Synopsys raises annual forecast on demand for AI chip design software Source link