Shares of Lucid Group (NASDAQ: LCID) fell 22% this week, according to data from S&P Global Market Intelligence . An electric vehicle ( EV ) brand that once had a market cap of over $75 billion in late 2021, Lucid is now teetering on the brink after another poor quarter and an abrupt CEO transition this week. It is also trying to raise funds to stem the holes in its balance sheet. Here's why the st...
Shares of Lucid Group (NASDAQ: LCID) fell 22% this week, according to data from S&P Global Market Intelligence . An electric vehicle ( EV ) brand that once had a market cap of over $75 billion in late 2021, Lucid is now teetering on the brink after another poor quarter and an abrupt CEO transition this week. It is also trying to raise funds to stem the holes in its balance sheet. Here's why the stock was falling this week, and whether investors should consider buying the dip. The bad news just continues for Lucid Group. On June 1st, the company announced that Silvio Napoli, previously announced as the CEO on April 14th, had immediately taken the reins as the leader of the business. The tone of the announcement was a slight surprise, especially given the context around Lucid's business. Continue reading
The choice between Vanguard High Dividend Yield ETF (NYSEMKT:VYM) and Vanguard Dividend Appreciation ETF (NYSEMKT:VIG) centers on whether an investor prioritizes current yield or long-term dividend growth potential. Both funds serve as core pillars for income-focused portfolios, yet they filter the domestic market through distinct lenses. VYM targets companies that are forecasted to have above-ave...
The choice between Vanguard High Dividend Yield ETF (NYSEMKT:VYM) and Vanguard Dividend Appreciation ETF (NYSEMKT:VIG) centers on whether an investor prioritizes current yield or long-term dividend growth potential. Both funds serve as core pillars for income-focused portfolios, yet they filter the domestic market through distinct lenses. VYM targets companies that are forecasted to have above-average yields, whereas VIG selects businesses that have consistently increased their distributions for a decade or longer. This comparison explores how these differing mandates impact risk, cost, and long-term total returns. Beta measures price volatility relative to the S&P 500; beta is calculated from five-year monthly returns. The 1-yr return represents total return over the trailing 12 months. Dividend yield is the trailing-12-month distribution yield. Continue reading
Microsoft used its Build 2026 conference this week to push a clear message: agents are rapidly moving into production throughout enterprise systems, and the winning platform will be the one that gives them reliable context, governance, identity, memory — and secure access to enterprise data. The company announced Microsoft IQ as a context layer across GitHub Copilot, Microsoft Foundry and Copilot ...
Microsoft used its Build 2026 conference this week to push a clear message: agents are rapidly moving into production throughout enterprise systems, and the winning platform will be the one that gives them reliable context, governance, identity, memory — and secure access to enterprise data. The company announced Microsoft IQ as a context layer across GitHub Copilot, Microsoft Foundry and Copilot Studio; Work IQ APIs coming June 16; Fabric IQ for structured business data; Foundry IQ for retrieval across enterprise knowledge and the live web; and Web IQ as a new agent-facing web search stack. Microsoft also introduced Scout , a personal work agent, and a whopping seven new in-house AI models in its growing MAI family across modalities and use cases, including MAI-Thinking-1. Those announcements sit directly in Marco Casalaina ’s lane. Casalaina is Microsoft’s VP Products, Core AI and AI Futurist . He leads Microsoft’s AI Futures team and previously led teams across Azure AI, including Azure OpenAI, Vision, Speech, Decision, Language, Responsible AI and AI Studio. Before Microsoft , he led Salesforce’s Einstein AI team and earned a computer science degree from Cornell University. CRN reported that he joined Microsoft in early 2022 as vice president of products for Azure Cognitive Services, meaning he has now been at the company for more than four years. VentureBeat spoke with Casalaina ahead of Build about Microsoft’s agent strategy, the company’s model-choice philosophy, how Microsoft IQ fits with MCP, and why he believes enterprises need far more than just access to powerful models. The interview below has been edited for clarity and condensed from the transcript. VentureBeat (VB): To start, can you explain your role at Microsoft and what “AI Futurist” means in practice? Marco Casalaina (MC): I am VP Products of what we call Core AI. Core AI is our set of tools for AI developers, and that includes Foundry, Visual Studio, VS Code, GitHub and GitHub Copilot. That’s ou...
Coinbase (NASDAQ:COIN) sits at the center of every fight worth having in crypto right now. The Everything Exchange strategy is live, prediction markets are running at a $100M+ annualized run rate, and stablecoin revenue hit $305 million last quarter. Yet shares are down 23.06% YTD and trading at $173.99. CEO Brian Armstrong told investors “crypto ... Prediction: Coinbase Stock Will Trade at This P...
Coinbase (NASDAQ:COIN) sits at the center of every fight worth having in crypto right now. The Everything Exchange strategy is live, prediction markets are running at a $100M+ annualized run rate, and stablecoin revenue hit $305 million last quarter. Yet shares are down 23.06% YTD and trading at $173.99. CEO Brian Armstrong told investors “crypto ... Prediction: Coinbase Stock Will Trade at This Price at The End of The Year
Natalia Kniazhevich, Bloomberg News Equities Reporter and John Flood, Goldman Sachs Partner and Head of Americas Equities Execution Services join Bloomberg Businessweek Daily to discuss the markets and investors should be thinking about on days when the markets are volatile. Wall Street’s historic weekly run came to a halt, with stocks hit by a tech selloff and higher bond yields as a solid jobs r...
Natalia Kniazhevich, Bloomberg News Equities Reporter and John Flood, Goldman Sachs Partner and Head of Americas Equities Execution Services join Bloomberg Businessweek Daily to discuss the markets and investors should be thinking about on days when the markets are volatile. Wall Street’s historic weekly run came to a halt, with stocks hit by a tech selloff and higher bond yields as a solid jobs report added to bets the Federal Reserve’s next rate move will be a hike. (Source: Bloomberg)
Cotton futures are trading with contracts 70 to 86 points in most front months on Friday. The US dollar index is up $0.618 at $100.00. Crude oil losses of $3.01 continue to add pressure. USDA’s Export Sales data has 11.33 million RB of cotton export business, down just 1% from...
Cotton futures are trading with contracts 70 to 86 points in most front months on Friday. The US dollar index is up $0.618 at $100.00. Crude oil losses of $3.01 continue to add pressure. USDA’s Export Sales data has 11.33 million RB of cotton export business, down just 1% from...
Walter Cicchetti Google ( GOOG )( GOOGL ) has agreed to pay SpaceX ( SPCX ) as much as $30B for cloud compute capacity in a three-year deal inked one week ahead of the Elon Musk-led company's IPO, according to a filing with the U.S. Securities and Exchange Commission. The compute capacity includes access to 110,000 Nvidia ( NVDA ) GPUs, CPUs, memory and other related components. "Pursuant to the a...
Walter Cicchetti Google ( GOOG )( GOOGL ) has agreed to pay SpaceX ( SPCX ) as much as $30B for cloud compute capacity in a three-year deal inked one week ahead of the Elon Musk-led company's IPO, according to a filing with the U.S. Securities and Exchange Commission. The compute capacity includes access to 110,000 Nvidia ( NVDA ) GPUs, CPUs, memory and other related components. "Pursuant to the agreement, the customer has agreed to pay us $920M per month from October 2026 through June 2029, with capacity ramping up through September at a reduced fee," the filing reads. "If we fail to deliver access to the committed amount of GPUs by September 30, 2026, then following a one-month grace period, Google may immediately terminate the agreement or accept the number of GPUs provided, with a corresponding pro rata reduction in monthly fees." After December 31, 2026, either company has the right to terminate the agreement with a 90-day notice. If the deal runs the entire 33 months of the agreement, it would generate more than $30B in revenue for SpaceX, which recently merged with xAI. Throughout the agreement, Google will retain ownership of its intellectual property rights, content, AI models and related data. This follows a similar move made in late May, when SpaceX CEO Musk said he had agreed to lease its Colossus data center clusters to Anthropic (ANTHRO ) for six months but noted that it was possible the arrangement could extend for years. "SpaceX has not committed to leasing Colossus for years, although it's possible that may be what happens," said Musk in a post on X. "This is a 180 day lease with 90 day notice mutual cancellation thereafter. The short term was our request, not Anthropic's." SpaceX is slated to start trading on the Nasdaq on June 12. The company is seeking to raise approximately $75B through the sale of 555.6M Class A shares priced at $135 each. At the proposed offering price, SpaceX would have a market value of roughly $1.77T. More on SpaceX and A...
US President Donald Trump said Friday he wants his incoming acting spy chief to start firing employees, deepening the controversy over the appointment of a man with no previous intelligence experience. Bill Pulte, a Trump loyalist who heads the Federal Housing Finance Agency, was named by the Republican president on Tuesday as acting Director of National Intelligence. “If he cut, I wouldn’t mind t...
US President Donald Trump said Friday he wants his incoming acting spy chief to start firing employees, deepening the controversy over the appointment of a man with no previous intelligence experience. Bill Pulte, a Trump loyalist who heads the Federal Housing Finance Agency, was named by the Republican president on Tuesday as acting Director of National Intelligence. “If he cut, I wouldn’t mind that,” Trump told reporters aboard Air Force One, adding that the number of employees in Pulte’s...