The AI firm opts to postpone its public listing, citing valuation concerns and volatile tech sector conditions. OpenAI is reportedly leaning toward delaying its initial public offering until next year, as market volatility and valuation uncertainties weigh on the decision.
Onsemi to buy Synaptics in all-stock deal worth $7B Onsemi announced plans to acquire Synaptics in an all-stock deal. The deal is valued at $7B. Onsemi shares fell 7.4% after the announcement, while Synaptics shares were little changed.
Semiconductor strength and Micron’s earnings outlook lifted tech, while Apple’s price hikes weighed on sentiment amid inflation concerns. US stocks ended mixed, with the Dow eking out modest gains while the Nasdaq declined. Semiconductor stocks and AI-linked shares rebound
U.S. equities closed near flat Thursday despite strong Micron earnings and stable inflation data, reflecting cautious market sentiment. Major U.S. stock indexes finished mixed on Thursday, with the S&P 500 ending near unchanged and the Nasdaq slightly lower. Micron Technol
Generative AI adoption may displace 9% of the US workforce over a decade, revised estimates show, citing productivity-driven labor disruption. Goldman Sachs revised its forecast for US job displacement due to generative AI, projecting 15 million workers—over 9% of the work
Southwest Airlines becomes the first U.S. carrier to offer Starlink’s high-speed inflight internet on a Dallas-Albuquerque route. Southwest Airlines completed its first commercial flight with Starlink inflight Wi-Fi on June 22, operating between Dallas and Albuquerque. The
Nvidia, Meta, Microsoft, and other tech giants face pressure as high AI spending erodes free cash flow and lifts supplier profits. Shares of major tech companies, including NVDA, META, MSFT, and AAPL, are underperforming as aggressive AI investments strain free cash flow.
The adhesives maker raised its EBITDA outlook as Q2 2026 results exceeded guidance amid an acquisition push. H.B. Fuller (FUL) announced a $650M-$675M EBITDA range for fiscal year 2026, reflecting confidence in growth following a strong Q2 performance. The company reported
H.B. Fuller stock drops after Q2 earnings H.B. Fuller Company stock fell to $61.24 on Thursday, extending its weekly decline. The decline came despite the company beating earnings expectations. Weakening demand trends and higher leverage tied to acquisition
Palantir shares fall for the seventh consecutive day, down nearly 40% year to date amid sustained selling pressure. Palantir Technologies (PLTR) declined 5.52% to $107.24 in afternoon trading, marking its seventh straight session of losses. The stock has faced persistent d
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