economy

Dell Technologies (DELL) shares surge 19% following record revenue growth and strong AI sales

05/28/2026, 01:33 PM economy stock_growth ai software Dell Technologies

Dell's recent earnings report revealed its highest revenue growth since going public in 2018, significantly exceeding analyst expectations and driving its stock up by 19%. This surge is largely attributed to the company's booming AI server business, which is expected to continue its rapid expansion.

Okta (OKTA) Reports Strong First-Quarter Results Driven by Demand for Identity Security Tools Amid Agentic AI Growth

05/28/2026, 01:33 PM economy growth software Okta

Okta's strong fiscal first-quarter results highlight a growing demand for identity security tools driven by the rise of agentic artificial intelligence, positioning the company favorably for future growth in a rapidly evolving market.

Anthropic Surpasses OpenAI as Most Valuable AI Startup with $965 Billion Valuation Following $65 Billion Financing Round

05/28/2026, 12:33 PM economy fundraising ai

Anthropic has secured a $65 billion Series H financing, elevating its valuation to $965 billion and surpassing OpenAI, marking it as the most valuable AI company in Silicon Valley. This significant funding reflects the company's rapid revenue growth and positions it favorably as it prepares for a potential IPO.

IBM CEO Arvind Krishna Highlights Anthropic’s Mythos as Key Driver for $5 Billion Cybersecurity Investment

05/28/2026, 11:32 AM economy announcement software ai Goldman Sachs Asset Management JPMorgan Chase IBM Morgan Stanley Bank of America

IBM's CEO Arvind Krishna highlighted the significance of Anthropic's Mythos in the company's $5 billion investment in a new cybersecurity initiative aimed at addressing vulnerabilities in open-source software, which has already attracted major U.S. banks as early adopters.

Analysts expect upside for Meta Platforms (META) following CEO Mark Zuckerberg’s cloud service comments and new subscription tiers

05/28/2026, 10:32 AM economy forecast Analysts: analysts ai internet Meta Platforms

Recent announcements from Meta Platforms regarding potential entry into the public cloud market and new subscription tiers for its AI services may signal a shift in investor sentiment and provide new revenue opportunities for the company.

Analysts Jim Cramer recommends buying Starbucks (SBUX) shares, expecting upside of approximately 17%

05/28/2026, 09:33 AM economy recommendation Analysts: analysts retail Starbucks

Recent developments in U.S.-Iran relations and positive economic indicators have contributed to a slight uptick in stock markets, while specific companies like Snowflake and Starbucks show promising growth potential for investors.

Waymo Launches Ojai Robotaxis for Select Riders Amid Fleet Expansion Efforts

05/28/2026, 08:31 AM economy announcement auto Alphabet

Waymo is launching its new Ojai robotaxis for select customers in major U.S. cities, aiming to reduce manufacturing costs and enhance performance in adverse weather conditions. This expansion is crucial for Waymo as it seeks to maintain its competitive edge in the autonomous vehicle market against rivals like Tesla and Amazon's Zoox.

Wix (WIX) CEO Avishai Abrahami announces 20% workforce reduction due to AI evolution and currency exchange challenges

05/28/2026, 07:33 AM economy downsizing Wix.com

Wix is reducing its workforce by approximately 20% due to the rapid advancement of AI technologies and challenges posed by currency exchange rates, which are impacting its operational capabilities.

Snowflake (SNOW) Shares Surge 35% Following Strong Earnings and AI Expansion Plans

05/28/2026, 07:33 AM economy stock_growth software ai Snowflake

Snowflake's announcement of a $6 billion investment in Amazon's compute services and strong earnings results have led to a significant surge in its stock price, boosting investor confidence in the software sector amid ongoing concerns about AI's impact on traditional software models.

Core Inflation Reaches 3.3% in April, Fed’s Preferred Measure Indicates

05/28/2026, 06:31 AM economy forecast

Recent inflation data indicates that consumer prices rose by 0.4% in April, maintaining a 12-month inflation rate of 3.8%, which may influence the Federal Reserve's monetary policy decisions moving forward.