economy

Alphabet (GOOGL) Added to Dow Jones Industrial Average, Replacing Verizon (VZ)

06/23/2026, 02:37 PM economy announcement Verizon Alphabet

Alphabet's inclusion in the Dow Jones Industrial Average, replacing Verizon, signifies a growing influence of technology companies in this key market index, which could impact investor sentiment and stock valuations.

Cerebras (CS) Reports Nearly Doubled Revenue but Shares Fall 8% on Margin Forecast

06/23/2026, 02:37 PM economy forecast ai semiconductors

Cerebras reported a significant revenue increase in its first earnings report since going public, but the stock fell 8% due to a forecasted decline in gross margin, raising concerns among investors.

Analysts Wells Fargo maintain buy rating for GE Vernova (GE) with $1,259 target price amid off-grid power project developments

06/23/2026, 02:37 PM economy rating_growth Analysts: analysts, Wells Fargo energy General Electric

The announcement of Microsoft's long-term energy purchase agreement with Chevron for a new data center project marks a significant development for GE Vernova, highlighting the growing demand for off-grid power solutions amid industry challenges.

SpaceX Secures $25 Billion in Debt Sale Following Record IPO

06/23/2026, 12:37 PM economy fundraising ai software SpaceX

SpaceX has successfully raised $25 billion through a debt sale shortly after its record IPO, highlighting the company's aggressive capital-raising strategy to fund its ambitious projects.

S&P Global Reports Factory Job Cuts in June Approach Levels Seen During Financial Crisis and Covid-19 Pandemic

06/23/2026, 08:36 AM economy decline

Job cuts in U.S. factories have reached levels not seen since the financial crisis and the onset of the Covid-19 pandemic, raising concerns about sustainability in manufacturing amid rising costs and demand uncertainties.

Meta Launches New Smart Glasses Priced at $299 as CEO Mark Zuckerberg Advances Wearable Technology

06/23/2026, 06:37 AM economy announcement ai Meta Platforms

Meta's introduction of new smart glasses priced at $299 marks a strategic move to capture a larger share of the growing augmented reality market, as competition intensifies with other tech giants entering the space.

AI Memory Startup Engram Raises $98 Million to Reduce Token Costs for Businesses

06/23/2026, 05:38 AM economy fundraising ai Microsoft

Engram, an AI startup focused on reducing costs associated with AI token usage, has raised $98 million in funding, positioning itself as a key player in the evolving AI landscape as companies seek more efficient solutions.

Target (TGT) Faces Investor Confidence Crisis as Executive Chairman Brian Cornell Receives Lowest Support Ever

06/23/2026, 05:38 AM economy decline Target

Investors should be aware of a significant tech sell-off impacting major companies, alongside geopolitical developments affecting oil prices and challenges faced by retailers like Target and electric vehicle maker Lucid.

Google Faces Challenges in Search Market Amid Rising AI Competition

06/23/2026, 05:38 AM economy review internet ai Microsoft Google

Google's dominance in the search market is facing challenges as competitors like DuckDuckGo and Microsoft's Bing gain traction, highlighting a shift in user preferences towards non-AI search options amid growing concerns about artificial intelligence.

Oracle (ORCL) Reduces Workforce by 21,000 Amid Industry-Wide AI Layoffs

06/23/2026, 03:37 AM economy downsizing software Oracle

Oracle's significant workforce reduction of 21,000 jobs, nearly 13% of its total employees, highlights the ongoing trend of layoffs in the tech sector driven by the adoption of AI technologies. This move, alongside rising restructuring costs and negative cash flow, raises concerns about the company's operational stability and investor confidence.