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Stripe hits a $159B valuation after private-share sale, delaying IPO
business1 day ago

Stripe hits a $159B valuation after private-share sale, delaying IPO

Stripe’s latest employee-share sale lifts its private-market valuation to $159 billion, letting it stay private longer while focusing on AI and stablecoins rather than a public listing. Investors including Thrive Capital, Coatue and Andreessen Horowitz bought stock, with Stripe also purchasing shares itself. The company processed $1.9 trillion in payments in 2025, up 34% year over year, and reported profitability for a second straight year as it expands globally and leans into AI-enabled, consumer-friendly payments.

via Financial Times|
#business#european-companies#fintech
AI Fears Drag Software and Analytics Stocks Down
technology22 days ago

AI Fears Drag Software and Analytics Stocks Down

US tech stocks slid as AI concerns weighed on software and analytics names, with the Nasdaq down 2.2% and the S&P 500 off 1.4%. Gartner and S&P Global led the losses after Anthropic launched Claude Cowork tools to automate legal tasks, and others such as Intuit, Equifax, Moody’s and FactSet also fell, while European peers like Relx and London Stock Exchange Group dropped as AI demand cooled.

via Financial Times|
#anthropic#artificial-intelligence#gartner
"Top Vanguard ETFs to Enhance Your S&P 500 Portfolio"
finance1 year ago

"Top Vanguard ETFs to Enhance Your S&P 500 Portfolio"

With the S&P 500 hitting record highs, it's still a good time to invest in the long term. Two recommended Vanguard ETFs for a $900 investment are the Vanguard S&P 500 ETF (VOO) and the Vanguard S&P 500 Growth ETF (VOOG). VOO tracks the S&P 500 index with a low expense ratio of 0.03%, while VOOG focuses on high-growth stocks, particularly in the technology sector, with an expense ratio of 0.1%. Both ETFs offer exposure to top tech companies like Microsoft, Apple, and Nvidia, and have shown strong historical returns.

via The Motley Fool|
#ai#finance#investment-strategy
U.S. Bans Kaspersky Software, Sanctions Executives Over Russian Ties
international-relations1 year ago

U.S. Bans Kaspersky Software, Sanctions Executives Over Russian Ties

The US Treasury Department's Office of Foreign Assets Control has sanctioned twelve executives from Kaspersky Lab for their involvement in Russia's technology sector, following a ban on Kaspersky software sales and updates in the US due to cybersecurity concerns. The sanctions freeze the executives' US assets and prevent them from accessing them.

via BleepingComputer|
#cybersecurity#international-relations#kaspersky-lab
Stocks Edge Up Amid Steady Inflation Trends
finance1 year ago

Stocks Edge Up Amid Steady Inflation Trends

The S&P 500 surged nearly 1% in the final 20 minutes of trading, marking its best month since February, driven by dip buying and sector rotation. Despite a volatile session, the Dow Jones rose 1.5%, while the Nasdaq 100 remained flat. Treasuries extended gains, and inflation data showed a slight increase, hinting at potential rate cuts by the Federal Reserve later in the year. Analysts warn of a possible correction in overextended tech shares.

via Yahoo Finance|
#federal-reserve#finance#inflation
Salesforce Shares Plummet Amid Weak Outlook and Analyst Downgrades
business1 year ago

Salesforce Shares Plummet Amid Weak Outlook and Analyst Downgrades

Salesforce shares plummeted by 20%, marking the largest single-day decline since 2004, after the company projected its slowest quarterly sales growth in history. The weak outlook has raised concerns about Salesforce's ability to capitalize on the AI boom, with revenue expected to rise only 8% to $9.25 billion, falling short of analysts' estimates. The company's focus on profit and AI features is not expected to boost revenue until 2025 or 2026, contributing to broader pessimism in the software sector.

via Yahoo Finance|
#artificial-intelligence#business#revenue
finance1 year ago

Global Markets Plunge Amid Rising Rates and Inflation Fears

Asian stocks fell on Thursday, led by steep declines in the technology sector, amid fears of persistent inflation and high interest rates. The tech-heavy indexes in Japan, Hong Kong, and South Korea dropped significantly as investors locked in recent profits from the AI-driven rally. Major chipmaking stocks like Japan's Advantest Corp. and South Korea's SK Hynix Inc. saw notable declines. Chinese stocks fell less due to promises of more policy support from the People's Bank of China. Broader Asian markets retreated in anticipation of key U.S. economic data and interest rate cues.

via Investing.com|
#asian-stocks#chipmaking-stocks#finance
Hedge Funds Shift Focus to AI Stocks, Says Goldman Sachs
finance1 year ago

Hedge Funds Shift Focus to AI Stocks, Says Goldman Sachs

Goldman Sachs analyzed 707 hedge funds managing $2.7 trillion and found that funds are shifting from mega-cap tech stocks like Google, Amazon, Microsoft, Meta, and Nvidia to lesser-known AI beneficiaries. This rotation has led to hedge funds achieving an 8% return this year, with Goldman's VIP basket of hedge fund stocks outperforming the S&P 500. The top AI stocks now include Marvell Technology, TD SYNNEX, Apple, AES Corporation, and Littelfuse.

via Business Insider|
#ai-stocks#finance#goldman-sachs