Sydney Sweeney Powers Another American Eagle Stock Rally with Summer Shorts Campaign
American Eagle stock rose after launching a new Sydney Sweeney ad campaign, boosting sales outlook despite tariffs.
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From Quarter-Zips to GPUs: Allbirds Becomes NewBird AI with $50M Cash Infusion
Allbirds sells its shoe brand and raises $50M to become NewBird AI, a GPU-as-a-Service cloud company. Special dividend coming.
Wall Street Giant Jane Street Drops $6B on CoreWeave AI Cloud and Buys $1B Stake
Trading firm Jane Street commits $6B for CoreWeave’s AI cloud services and invests $1B in equity, marking CoreWeave’s third major deal this week.
Snap Cuts 1,000 Jobs (16% of Staff) to Reach Profitability
Snap cuts 1,000 jobs and 300 roles to save $500M, focus on AI, cut costs, and improve profits amid weak ad market.
Tim Cook Drops $1 Million on Nike Stock – CEO Elliott Hill Does the Same
Tim Cook and Elliott Hill bought Nike shares, showing confidence despite falling sales and stock.
Meta’s MTIA AI Chip Powers Up: Broadcom Partnership Unlocks Multi-Gigawatt 2nm Rollout
Broadcom and Meta announced a multi-year partnership to power multi-gigawatts of custom MTIA AI chips through 2029.