The Daily News Now! Business

Apple is suing OpenAI over alleged trade secret theft by two former Apple employees now at OpenAI, accusing them of stealing supplier and hardware design info before leaving — including advising Apple insiders to bring actual parts to interviews and helping recruits bypass security. The fallout follows a broken partnership that once promised Siri integration with ChatGPT, now replaced by Google’s...

Apple is suing OpenAI over alleged trade secret theft, accusing the AI giant of systematically stealing confidential data from current and former employees—some even while working on OpenAI’s hardware. A former Apple engineer allegedly kept his work laptop and used a bug to access Apple’s cloud, downloading dozens of files and joking about it. Another veteran Apple hardware engineer, now leading O...

Middleby’s big move: spinning off its food processing division to become a pure-play commercial foodservice leader, netting $233M to pay down debt—boosting stock 3% and signaling strategic focus, with insider confidence from director Robert Nerbonne’s $100K buy, even as year-to-date stock lags 9% and trades below its peak, with analysts eyeing upside via expansion and buybacks. Listen in comfort:...

Amazon’s stock may look cheaper than Walmart and Costco’s, but it’s not because Amazon is weaker—it’s because investors see very different futures for each. Walmart and Costco are viewed as safe, steady cash cows, with predictable sales from essentials and membership models. Amazon, meanwhile, is valued more like a high-growth tech company, with its massive profits coming from cloud computing and...

Plug Power’s stock tumbled 5% after analyst Susquehanna slashed its price target to $2.50, though they kept a neutral rating. The dip echoes broader sector weakness, fueled by profit-taking amid AI data center hype. Despite wild volatility — over 70 moves over 5% in the past year — analysts see long-term upside from rising energy costs, nuclear support, and demand for green hydrogen. Plug Power’s...

Trade Desk’s stock plummeted over 50% in six months as slowing growth, executive turmoil, and a major fallout with Publicis sent investors fleeing—despite beating revenue targets, the company now projects just 8% growth, down from over 20% just two years ago, while CEO Jeff Green’s $150M stock buy signaled confidence amid mounting uncertainty. Listen in comfort: Get a discount on a Soli Pillow: ht...

Energy Fuels CEO Ross Bhappu just dumped a massive $980K buy of 74K shares, boosting his stake to $3.3M — a bold move signaling confidence as the stock’s surged 100% in a year. With nuclear energy booming thanks to AI data centers and new reactor tech, plus Energy Fuels’ rare-earth metals pivot, analysts predict sales to double and losses to vanish — making this insider buy a powerful vote of fait...

Vertical software stocks edged up slightly after Q1 earnings, with the sector beating revenue targets by 2%, though next-quarter outlooks were more cautious. Doximity stumbled with the weakest growth and missed guidance, sending its stock down 7%. Adobe soared with a 13% revenue jump and aggressive forward guidance, boosting its shares. Upstart surprised with strong revenue but missed earnings and...

Apple is suing OpenAI over alleged theft of trade secrets, claiming the AI giant stole Apple’s IP to build its own hardware — despite their 2024 partnership that integrated ChatGPT into Apple’s ecosystem. The fallout began when OpenAI entered the hardware space, buying a former Apple-designer startup for $6.4 billion, while Apple quietly switched Siri to Google’s AI. Accusations include former App...

Gold’s surging—here’s how to play it smart: choose between Goldman Sachs’ direct gold ETF (AAUU, low fees, pure price exposure) or VanEck’s gold miners ETF (GDX, higher fees, but historically outperforms with dividends and profit boosts from mining leverage). For 2026, GDX may be your edge. Listen in comfort: Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN: ad...

Chipmakers are soaring—earnings beat by 5%, stocks up 17% on average. Intel crushed it with $13B in revenue, stock up 70%. Qualcomm stumbled slightly but still gained 22%. Lattice Semiconductor stunned with 40% revenue growth. All fueled by 5G, IoT, and AI-driven data centers—semiconductors are powering the future. Listen in comfort: Get a discount on a Soli Pillow: http://solipillow.com/discount/...

Remitly Global just had a breakout year, soaring 62.4% in stock value as it finally turns a profit—net income jumped to $49.1M, up from losses last year. Send volume surged 37% to $22.1B, revenue climbed 25% to $453M, and they’re expanding into card spending and business transfers while boosting margins. Though still down from 2021 IPO highs, analysts see strong growth ahead—with projected revenue...

Perishable food giants delivered a mixed quarter: revenue beat expectations by 2%, but next-quarter guidance fell short by 5%, dragging stocks down 4% on average. Mission Produce soared with 13% revenue growth on $291M, but margins suffered from low prices; Cal-Maine crushed earnings with $667M revenue and a 7% stock surge despite year-over-year declines; Vital Farms grew revenue 15% and gained 6%...

The iShares Semiconductor ETF has rocketed over 112% in 2026’s first half, fueled by the AI boom as investors bet big on chipmakers—the tech world’s modern pickaxes. While Nvidia leads, Micron and Intel are also surging, especially Micron, riding a memory chip shortage that’s driving profits sky-high. Semiconductors power everything from phones to AI to cars, making the sector indispensable. But w...

Your ZIP code controls your wallet—Oklahoma lets your dollar stretch far, while Hawaii drains it fast. With 15 million Americans relocating last year to chase affordability, where you live now matters more than ever. Tennessee’s booming, New Jersey’s pricey but high-earning—your salary’s only half the story. Listen in comfort: Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Ad...

Natural gas producers kicked off Q1 with mixed results—overall revenue beat expectations by 4%, but stocks tumbled an average of 14%. Comstock Resources tanked, missing forecasts by 31% and seeing its stock drop 21%, while Range and EQT delivered strong growth. Yet, despite solid individual performances, every company’s stock fell—highlighting investor skepticism amid renewable energy shifts and m...

Rivian just smashed its own production goals and boosted its full-year forecast—big wins for the electric car startup. But here’s the catch: its stock dipped despite the good news. Why? Because the new R2 truck, aimed at everyday buyers, is crucial to scaling up and turning a profit. To fund this push, Rivian raised over $1 billion by selling 75 million shares—at a 20% discount, which usually hurt...

Cable and wireless giants face a rocky Q1 as streaming eats into subscriptions, price wars slash profits, and upgrades demand heavy cash—despite meeting forecasts, stocks tanked, with Optimum down 10% and Comcast falling 20% even after beating earnings. Listen in comfort: Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN: advertise@thednn.ai This is an automated...

Industrial machinery stocks soar as Q1 earnings beat expectations, fueled by automation and digital innovation — but not all companies are winners, with some seeing big revenue jumps while stocks tumble, revealing a volatile market where innovation meets economic cycles. Listen in comfort: Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN: advertise@thednn.ai Th...

The CDN sector proves its resilience with strong Q1 earnings, beating estimates by nearly 2% and lifting stock prices an average of 6%. Fastly surges 20% YoY in revenue but sees its stock plummet 35% despite raising full-year guidance. F5 delivers a powerhouse quarter with $811M in revenue, up 11%, and its stock rockets 40%—a clear sign of investor confidence. Akamai reports $1.07B in revenue, mod...

Sandisk stock surged 3.4% today, riding SK Hynix’s 14% jump — fueled by SK’s bold forecast of a memory chip shortage lasting until 2030 and beyond, positioning both firms for massive profits. But here’s the twist: despite the rally, Sandisk missed The Motley Fool’s latest top 10 stock picks — a team known for hitting home runs with calls like Netflix and Nvidia. Still, with the S&P 500 lagging, th...

Specialty equipment distributors kicked off Q1 with mixed results—eight companies beat revenue by 1.8%, but next quarter’s outlook dipped 1.2% below forecasts. Stocks still rallied an average of 10% post-earnings. Alta Equipment Group tanked, missing revenue and profit targets by 3%+ and saw its stock plunge 22%. Meanwhile, Richardson Electronics soared, delivering 3.1% revenue growth and crushing...

Marketplace giants are showing mixed fortunes in Q1 earnings, with Sea dominating the scene by smashing revenue targets and surging user growth, while Shutterstock tanks with a steep revenue drop and stock plunge. EverQuote and Instacart shine with strong growth and stock jumps, Cars.com holds steady, and the broader sector grapples with AI’s shifting impact on investor sentiment. Listen in comfor...

Grocery giants face a tough but profitable reality: while the sector as a whole saw modest revenue beats and stock gains, individual performers diverged sharply. Albertsons, despite meeting targets and beating adjusted EBITDA, lagged in growth and saw its stock plummet 15%—its pharmacy woes weighing heavy. Meanwhile, Grocery Outlet soared with a 30% stock surge after crushing revenue and earnings...

Home improvement stocks shrugged off a softer Q1 outlook, with most rallying despite downgrades—Floor & Decor stumbled with flat revenue and missed targets, while RH dazzled with earnings wins and margin gains. Home Depot and Lowe’s delivered solid growth, with Lowe’s leading at over 10% revenue surge. Even amid cautious guidance, shares surged: Floor & Decor up 13%, RH 6%, Home Depot 13%, William...