The Daily News Now! Business

Criteo’s stock surges nearly 20% on takeover rumors as Vista Equity and Quinti Capital reportedly offer a premium bid — but with past rejections and a high price tag on the table, the future remains uncertain, leaving investors betting big on a gamble that could pay off — or leave them holding the bag. Listen in comfort: Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertis...

Toni Schneider, who stepped in as interim CEO of Bluesky in March, has officially become the permanent CEO — signaling a bold new chapter for the social platform. Formerly behind WordPress and Tumblr, Schneider is now fully committed to Bluesky’s mission, prioritizing the growth of smaller, private communities as the key to unlocking future innovation. With the platform still navigating post-Twitt...

You don’t need to chase the stock market to earn solid returns—right now, high-yield savings, CDs, and Treasurys are delivering over 4%, with some CDs hitting 5%. Inflation is still high, so your cash needs to work harder. Over 20 savings accounts offer 4%+ APY, while a 4-month CD at 5% is ideal if you can lock in funds. I bonds also pay over 4% for six months. Compare these to boring 3% accounts—...

Luxury staffing firm Morgan & Mallet reveals that top-tier household staff like private chefs, nannies, and personal assistants are earning up to $300K annually, fueled by a talent shortage and soaring demand from ultra-wealthy clients expanding their estates. Michelin-starred chefs and multilingual nannies are commanding top pay, while personal assistants lead the demand at 22% of all requests —...

Only 14% of workers max out their 401(k)s, but even modest earners can benefit massively from hitting those limits—especially if they start early. Compounding interest can turn small contributions into millions over time, and with higher contribution caps than IRAs, now’s the time to act. Don’t wait for a perfect moment—get your employer’s match, automate your deposits, and lock in as much as you...

Two AI giants, C3.ai and BigBear.ai, are facing contrasting challenges despite booming industry demand. C3.ai, known for enterprise AI software, posted a major net loss despite a new Shell partnership, while BigBear.ai, focused on predictive AI for security, earned national clearance in the Netherlands but is under a securities fraud probe. Both saw year-over-year revenue declines—BigBear hit by g...

Apple is suing OpenAI, accusing two former Apple engineers of stealing trade secrets and exploiting a security flaw to access Apple systems after leaving the company—allegedly to help build OpenAI’s own consumer hardware. The timing is suspicious, given OpenAI’s recent acquisition of io Products, a startup co-founded by Jony Ive, who helped shape Apple’s iconic design legacy. This lawsuit adds fue...

Boise Cascade’s stock surged 5% thanks to broader wood products sector optimism, fueled by upbeat analyst sentiment and a Weyerhaeuser upgrade from Raymond James. The company beat earnings estimates with 24 cents per share—surpassing the 12-cent forecast—though revenue dipped slightly and operating margins shrank. Investors are encouraged, but the stock still lags its summer peak. Listen in comfor...

Wall Street surged today as major indexes climbed, fueled by gains in financials and tech, while gold dipped and yields rose. The biggest headline? SK Hynix’s record-breaking IPO soared 13% and raised $26.5 billion, becoming the largest foreign IPO ever, sending competitors like Micron lower. EquipmentShare jumped 17% on a bullish 2026 outlook, WD-40 rose 11% on strong Q3 results, and Meta led the...

MercadoLibre is expanding its logistics game with a brand-new distribution center in Nuevo León, Mexico — set to launch in September and creating over 2,000 jobs. The move signals serious infrastructure investment to fuel Latin America’s booming e-commerce demand, sending shares up 4% initially. While the stock remains down nearly 5% year-to-date and below its September peak, a five-year perspecti...

Vertex stock surges to a 52-week high as the biotech giant capitalizes on breakthroughs and bold moves. Casgevy’s expanded approval opens new markets, while a $10B acquisition of Crinetics targets high-growth endocrine therapies. Vertex’s cystic fibrosis dominance remains unchallenged, with Q1 revenue up 8% and EPS soaring 10%. With core CF drugs protected through the 2030s and new therapies like...

Bausch + Lomb’s stock tumbled 4% after its glaucoma drug BL1107 failed to meet expectations in a key trial, dashing hopes for an $800M/year daily eye drop. Though earlier results were promising, the setback marks another blow to their pipeline — but the company’s not giving up. They’re now pivoting to explore BL1107 as a sustained-release implant for geographic atrophy. The market’s reaction under...

Apple is suing OpenAI over alleged trade secret theft, claiming ex-employees helped OpenAI build AI hardware by stealing confidential info — including using Apple code names in interviews and even asking candidates to bring Apple parts for “show and tell.” The fallout follows a rocky partnership that once included integrating ChatGPT into Apple’s AI platform, now soured after OpenAI threatened leg...

Dollar Tree’s stock surged over 3% after UBS reaffirmed its “Buy” rating, citing a strategic reset—shedding Family Dollar and sharpening focus on store ops, products, and marketing. The company’s upgraded profit forecast signals operational wins, though the rally cooled slightly, reflecting market confidence without a full transformation. Amid a wild market swing triggered by Iran tensions and a p...

Figma’s stock plummeted 50% in early 2026 despite stellar Q1 results—revenue up 46%, earnings beating forecasts, and a record net dollar retention. The market’s panic? Fear that AI tools like Claude Design could undercut Figma’s value. But the numbers don’t yet back that fear. Meanwhile, Figma is doubling down on AI, charging for credits and seeing 75% of enterprise users pay for more after hittin...

When you switch jobs, your 401(k) can vanish if you don’t act fast—especially if your balance is under $1,000, which your old employer may just send you a check for, forcing you to move it into an IRA within 60 days or face taxes and penalties. Between $1,000 and $7,000, they might auto-roll it into an IRA—often into a low-yield one. Above $7,000, you’re usually safe to leave it with your old empl...

Fed Chair Kevin Warsh hits Capitol Hill next week for his first major congressional testimony, outlining the Fed’s renewed focus on taming stubborn inflation—currently at 3.4%—while the job market remains strong. Warsh, stepping into Powell’s shoes, will face familiar scrutiny, especially on his independence from Trump, whom he served under. The Fed held rates steady last meeting, but markets are...

Meta’s AI ambitions are heating up — and its stock is feeling the heat too. The company’s unveiling custom “Iris” AI chips to slash reliance on Nvidia, while building a massive Canadian data center aimed at powering AI by 2027 — and even renting out spare capacity as a new AI Cloud service. This isn’t just cost-cutting; it’s a bold play to turn infrastructure into revenue, potentially rivaling Ama...

Global oil demand is plummeting this year — the first drop since 2020 — as supply chain chaos from U.S.-Iran tensions cripples shipping through the Strait of Hormuz. China’s massive cut of nearly six million barrels per day, fueled by high prices and electric vehicle adoption, is leading Asia’s biggest demand plunge. Despite renewed U.S.-Iran flare-ups, prices haven’t spiked as expected thanks to...

Penske Automotive Group’s stock surged over 2% to a 52-week high after UBS and Benchmark analysts spotlighted its underappreciated truck business as a major earnings driver—marking a rare, significant move for a company known for steady, not volatile, performance. Amid broader retail headwinds from high interest rates and lingering inflation, Penske has still soared 24% this year, with long-term i...

Swift’s new blockchain ledger is being tested by 17 major global banks, including Citi, HSBC, and Wells Fargo, enabling 24/7 cross-border payments via tokenized deposits. Built in just nine months with global financial input, this pilot leverages Swift’s existing infrastructure to boost efficiency, security, and liquidity—even during market closures. Designed as Swift’s first major blockchain use...

SK Hynix just shattered records with the largest foreign IPO ever, raising $26.5 billion and soaring 13% on its U.S. debut—valued at $1.2 trillion by day’s end. The AI chip giant’s explosive entry reignited investor fervor in the semiconductor space, outpacing U.S. rivals like Micron and AMD, and signaling a global race to fuel the next wave of artificial intelligence. Listen in comfort: Get a dis...

Shake Shack’s stock surged 5% on World Cup buzz—thanks to the 2026 tournament hitting North America, analysts say it’s a major tailwind. But this isn’t the first big move: the stock has swung over 5% 21 times in a year. While Q2 earnings beat expectations, Same-Shack sales growth (1.8%) fell short of forecasts, and the stock’s down 29% since January—far below its July peak. The World Cup could be...

Carrier Global’s stock surged over 3% today after Wolfe Research upgraded its price target, citing strong growth potential in Americas divisions and a faster-than-expected rebound in Europe’s residential segment, plus solid expectations for commercial HVAC demand. Global heatwaves are fueling AC demand, directly boosting Carrier’s sales. While rare for the company, this move signals market confide...

Apple is suing OpenAI over alleged theft of trade secrets, claiming former Apple employees who joined OpenAI took confidential info to build AI hardware for ChatGPT. The lawsuit targets two ex-Apple stars — one who helped design the iPhone and Apple Watch — accusing them of downloading secret files after leaving. Apple says it tried to warn OpenAI in February but got no response, now taking legal...