The tech industry could witness a shift in power as OpenAI, under the leadership of CEO Sam Altman, acquires Jony Ive's startup, io, for a staggering $6.5 billion.
President Trump warns Apple of 25% tariff if they don't manufacture iPhones in the U.S. DOT expected to declare CAFE regulations exceeded legal authority. Apple poaches Google's AI chief but still behind in AI race. Meta's Instagram testing referral program.
Carbon removal provider Exomad Green announced a new deal with Microsoft (MSFT), with the tech giant agreeing to purchase at least 1.24 million tonnes of carbon removal credits over ten years.
Gates could've been the first trillionaire if he kept his Microsoft stocks & didn't donate over $47B. French Gates' $12.5B donation shows their values.
JPMorgan sees tariff risks as manageable through modest price hikes, and believes Apple is better positioned than rivals due to its strong pricing power and supply chain leverage.
Shares of smart home company SmartRent (NYSE:SMRT) jumped 8.9% in the pre-market session after reports indicated that President Trump was expected to issue executive orders to boost the nuclear energy sector. This news provides a significant tailwind for companies like NuScale, specializing in small modular reactors (SMRs).
Shares of online vehicle auction company Copart (NASDAQ:CPRT) fell 11.4% in the afternoon session after the company reported weak first quarter 2025 result that missed Wall Street's sales and EBITDA estimates, while earnings were in line. Overall this was a weaker quarter.
Shares of government consulting firm Booz Allen Hamilton (NYSE:BAH) fell 15% in the afternoon session after the company reported weak first quarter 2025 result: Revenue and EBITDA both missed. The shortfall came from slow contract signings, with the book-to-bill ratio slumping to 0.71x, showing the firm added less work than it delivered.
