Business

AI wins have Alphabet poised to become world’s biggest company

Over the past year, Alphabet Inc. has gone from an artificial intelligence afterthought to the one firm in the market with dominant positions...

Trump Media posts $405 million loss driven by crypto holdings

The Trump family media group posted a net drop of $405.9 million in the first quarter, largely driven by unrealized losses in cryptocurrencies...

Law firm Serling Rooks rebrands as McKoy Worob Averill Scott & Koenig LLP, elevates Jeffrey Koenig and adds Margo Scott as named partner

Serling Rooks Hunter McKoy Worob & Averill LLP, the New York-headquartered music and entertainment law firm, has rebranded as McKoy Worob Averill Scott...

Is quarterly reporting helping investors or hurting them? SEC weighed in—and the debate isn’t over

Good morning. This week, the U.S. Securities and Exchange Commission addressed a long-running debate on Wall Street: Are quarterly earnings reports helping investors—or fueling...

Stripe CEO says a wave of token theft is wreaking havoc on the AI economy

The booming AI economy is spawning a new type of cybercrime. According to Patrick Collison, CEO of payment giant Stripe, crooks are defrauding...

Cargo ship crews face attacks waiting the Gulf as Trump pauses two-day-old project to ‘guide’ ships

With hundreds of vessels still stuck in the Persian Gulf and costs piling up, shipping companies are being whipsawed by uncertainty over how...

Coinbase CEO replacing ‘pure managers’ with ‘player-coaches’ is sign org chart is changing

Out went what Armstrong calls “pure managers.” In came “player-coaches,” flat hierarchies capped at five layers, and “AI-native pods” that could include one-person...

Supermicro’s earnings call today takes place amid a probe that could be ‘fatal’ for the company

Don’t ignore the macro. Sure, stocks are doing well, Morgan Stanley’s Lisa Shalett says in a recent note. But don’t underestimate the ability...

Bitcoin breaks $80k as long-awaited CLARITY Act approaches finish line

Bitcoin crossed $80,000 on Monday morning. The cryptocurrency has now surged 19% over the past month, outperforming the S&P 500’s roughly 10% return...

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