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Finance News

Evercore ISI turns bullish on Toast, cites improved risk-reward after sell-off

Evercore ISI turns bullish on Toast, cites improved risk-reward after sell-off

Finance News

Evercore ISI said Toast ‘s recent pullback has created a more attractive risk-reward setup. The investment firm upgraded the restaurant management software stock to an outperform rating from in line. Analyst Adam Frisch’s $40 price target offers upside of 19% from where shares of Toast closed Friday. Toast stock has slipped 12% over the past […]

Evercore ISI turns bullish on Toast, cites improved risk-reward after sell-off Read More »

Tech stocks lead Wall Street sell-off as tensions over Greenland escalate

Tech stocks lead Wall Street sell-off as tensions over Greenland escalate

Finance News

Trades work at the New York Stock Exchange on Jan. 16, 2026. NYSE Technology shares led the declines in U.S. stocks on Tuesday as investors reacted to escalating tariff rhetoric tied to President Donald Trump’s renewed push around Greenland. The State Street Technology Select Sector SPDR ETF (XLK) fell 2.2%. Nvidia, Meta Platforms and Google-parent

Tech stocks lead Wall Street sell-off as tensions over Greenland escalate Read More »

OpenAI to focus on ‘practical adoption’ in 2026, says finance chief Sarah Friar

OpenAI to focus on ‘practical adoption’ in 2026, says finance chief Sarah Friar

Finance News

Sarah Friar, CFO of OpenAI, appears on CNBC’s Squawk Box on August 20, 2025. CNBC OpenAI will make 2026 its year of “practical adoption,” the artificial intelligence startup’s finance chief said in a blog Sunday. “The priority is closing the gap between what AI now makes possible and how people, companies, and countries are using

OpenAI to focus on ‘practical adoption’ in 2026, says finance chief Sarah Friar Read More »

Alibaba-backed startup Moonshot AI’s valuation is up 0 million, sources say, after its rivals IPO in Hong Kong

Alibaba-backed startup Moonshot AI’s valuation is up $500 million, sources say, after its rivals IPO in Hong Kong

Finance News

Pictured here is Moonshot AI’s Kimi chatbot displayed on a smartphone. Bloomberg | Bloomberg | Getty Images BEIJING — An Alibaba-backed AI startup is currently being valued at $4.8 billion in a fresh funding round, two people with knowledge of the deal said, just weeks after it was valued at $4.3 billion. Moonshot AI is the

Alibaba-backed startup Moonshot AI’s valuation is up $500 million, sources say, after its rivals IPO in Hong Kong Read More »

Led by Texas, New Hampshire, U.S. states race to prove they can put bitcoin on public balance sheet

Led by Texas, New Hampshire, U.S. states race to prove they can put bitcoin on public balance sheet

Finance News

Led by Texas and New Hampshire, U.S. states across the national map, both red and blue in political stripes, are developing bitcoin strategic reserves and bringing cryptocurrencies onto their books through additional state finance and budgeting measures.  Texas recently became the first state to purchase bitcoin after a legislative effort that began in 2024, but

Led by Texas, New Hampshire, U.S. states race to prove they can put bitcoin on public balance sheet Read More »

Elon Musk’s xAI faces tougher road building out data centers after EPA rule update

Elon Musk’s xAI faces tougher road building out data centers after EPA rule update

Finance News

Elon musk and the xAI logo. Vincent Feuray | Afp | Getty Images The Environmental Protection Agency closed a loophole this week that Elon Musk’s xAI had exploited to rapidly stand up its first data center in Memphis, Tennessee. Musk’s artificial intelligence startup created a kind of off-grid power plant for its Colossus facility by

Elon Musk’s xAI faces tougher road building out data centers after EPA rule update Read More »

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