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BusinessDaily pulse

Tech earnings and AI developments drive market momentum while retail sectors report shifting consumer behavior.

Updated 79 sources

Key Points

Salesforce stock surged 20% following strong earnings, signaling that traditional software providers are successfully integrating and partnering with AI technology firms.

Cybersecurity firm CrowdStrike saw its stock price climb after reporting record-breaking earnings, leading several Wall Street banks to increase their price targets.

Nvidia confirmed its first shipment of H200 data-center chips to China under a new US licensing agreement, though the company currently forecasts limited data-center revenue from the region.

Consumer spending growth slowed to 0.2% in July as inflation continues to impact household budgets, prompting shoppers to increase traffic to discount retailers like Dollar Tree and Dollar General.

OpenAI, Google, and Anthropic are among over 100 companies that have issued a joint call for coordinated global action to defend against the risks posed by rogue AI agents.

Chinese AI startup DeepSeek is nearing a significant pre-IPO funding round, potentially valuing the artificial intelligence startup at approximately $74 billion.

Venture capital pioneer Benjamin Rosen, known for his early investments in iconic firms like Apple, Lotus, and Compaq, has passed away at age 93.

Canadian retailer SSENSE is actively moving core business operations to the United States in an effort to mitigate the impact of new tariffs on its American customer base.

Huawei and HP have settled a long-standing legal dispute by signing a multi-year global cross-licensing agreement covering their respective Wi-Fi patents.

Sources

79 articles · 10 outlets