AI chip challenger Cerebras Systems has nearly tripled its valuation in just over four months, raising $1 billion in a late-stage round led by Tiger Global. The massive funding underscores the fierce competition and strategic maneuvering in the high-stakes AI infrastructure sector.
Aerospace components giant TransDigm Group reported robust second-quarter earnings, buoyed by a resilient aftermarket and defense growth, while announcing the planned retirement of CEO Kevin Stein and the internal promotion of Mike Lisman to succeed him.
Darden Restaurants is shuttering its Bahama Breeze brand nationwide this spring, impacting both Georgia locations. The Duluth restaurant will close permanently, while Kennesaw will be converted to another concept within the company's portfolio.
In a strategic shift following a challenging 2025, Six Flags announces a major overhaul of its annual pass program, granting Gold passholders access to multiple parks within designated regions at a temporarily reduced price.
In a revealing interview, industrialist Charles Koch details how a posthumous letter from his father, Fred Koch, framed his lifelong view of fortune—warning that unearned wealth could erode ambition as easily as it could fuel purpose.
The recently enacted One Big Beautiful Bill Act marks the most significant overhaul of health savings and flexible spending accounts in years. We break down the key changes—from expanded eligibility to higher contribution limits—and what they mean for employers and employees navigating rising care costs.
Despite a challenging macroeconomic backdrop for the furniture industry, Flexsteel Industries reports robust Q1 FY2025 results, with sales up nearly 10% and operating margins expanding significantly. The company credits its growth to strategic product launches and targeted retail partnerships.
Lockheed Martin's stock experienced a significant rally last month, fueled by a proposed defense budget increase and robust financial forecasts. However, the surge raises questions about long-term value amid shifting government contracting policies.
The U.S. dollar found modest support Wednesday following the resolution of a partial government shutdown and amid stock market weakness. However, gains were capped by a soft private payrolls report, while longer-term concerns over fiscal policy and interest rate differentials continue to cloud the currency's outlook.
Palantir Technologies smashed Q4 earnings estimates, but CEO Alex Karp's focus on 'inexplicable' revenue growth over customer growth reveals a pivotal shift in its enterprise AI playbook, sending shares soaring.
In a candid industry forecast, Volvo's outgoing CEO Håkan Samuelsson states that manufacturing efficiencies and falling battery costs will make EVs cheaper to produce than internal combustion vehicles within five years, a shift that could redefine auto market dynamics.
New NYPD data reveals a stark divergence in public safety trends: while shootings and murders hit record lows in January, antisemitic incidents nearly tripled, accounting for over half of all reported hate crimes.
A Delta Air Lines flight bound for Atlanta safely returned to San Antonio International Airport Tuesday morning after the crew received a fire indication in one engine. All 142 passengers and crew were unharmed and rebooked on other flights, officials confirmed.
Despite a recent share price dip, Fairfax Financial Holdings (TSE:FFH) has delivered staggering long-term returns for investors, with total shareholder return reaching 394% over five years. We examine the fundamentals behind the rally and what it signals for the future.
JPMorgan Private Bank's Stephen Parker argues the recent software-driven market volatility represents a constructive shift, with capital flowing into undervalued cyclical and international opportunities.
In a sweeping restructuring, The Washington Post has eliminated hundreds of positions and closed several departments, including its storied Sports and Books desks, as the Jeff Bezos-owned publication grapples with financial pressures.
Mortgage insurer Enact Holdings (ACT) reported solid fourth-quarter results, surpassing earnings expectations and outlining a significant shareholder return program, as disciplined expense management and resilient credit metrics bolster confidence.
Fresh from navigating Florida's hurricane-driven insurance crisis, Florida Peninsula Insurance is now exploring a potential move into California, a market reeling from record wildfire losses and major carrier pullbacks.
A sharp downturn in AI-related tech stocks, triggered by AMD's disappointing outlook, spills over into crypto markets, pulling Bitcoin lower and hammering mining stocks closely tied to data center infrastructure.
A woman's routine check of a phone bill revealed her husband's three-year financial secret: funneling his personal 'fun money' to support a prison pen pal, unraveling trust and compounding marital strife with a literal hole in their home.
