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Societe Generale Shares Climb on Above-Forecast First Quarter
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AI infrastructure startup CoreWeave raises $7.5 billion in debt deal led by Blackstone
CoreWeave's $7.5 billion debt financing follows a $1.1 billion funding round the startup announced two weeks ago.CNBC - Business -
GameStop shares fall 20% after it files to sell additional stock, says first quarter sales dropped
GameStop said it plans to sell securities and reported preliminary results that showed a drop in first-quarter sales.CNBC - Business -
Reddit shares climb on ChatGPT deal with OpenAI
Shares of Reddit Inc. rose about 12% in extended trading Thursday after the social-media platform announced a partnership with OpenAI.MarketWatch - Business -
Shares of Cartier owner Richemont climb on record full-year sales, new CEO
Shares of Swiss luxury group Richemont climbed as much as 6.3% Friday after it reported record full-year sales even as Asia-Pacific spending waned.CNBC - Business -
GameStop’s stock slides premarket after company issues profit warning, files to issue more shares
GameStop Corp.’s stock fell 19% early Friday, after the videogame retailer and key meme stock issued a profit and sales warning for the first quarter and filed to sell new shares.MarketWatch - Business -
Dow rises above 40,000 for first time in history
For the first time ever on Thursday, the Dow Jones average rose about 40,000, providing new optimism about the economy. CBS News business analyst Jill Schlesinger breaks down what it means.CBS News - Top stories -
OpenAI president shares first image generated by GPT-4o
The image shared by Greg Brockman from GPT-4o improves significantly over DALL-E 3 on quality, photorealism, and accuracy of text generation.VentureBeat - Tech -
Dow Jones trades above 40,000 for first time, but fails to achieve milestone
The Dow Jones Industrial Average trades above 40,000 for first time ever on Thursday, but fails to finish above the milestone.MarketWatch - Business -
Dow closes above 40,000 for first time, notching new milestone
Wall Street investors are increasingly confident of a soft landing for the U.S. economy, pushing financial markets to new highs.CBS News - Top stories -
Walmart’s shares hit record high as retailer raises its earnings forecast
Company continues to benefit from consumers seeking the best deals amid persistent inflationFinancial Times - World
More from The Wall Street Journal
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UAW Loses Unionization Vote at Mercedes Plant in Alabama
Workers at a Mercedes-Benz plant in Alabama voted against joining the United Auto Workers, hurting the union’s push to organize at many foreign-owned factories in the South.The Wall Street Journal - Business -
GameStop Shares Retreat on Declining Revenue, Stock Sale
The videogame retailer filed to sell up to 45 million more shares after projecting quarterly sales to drop.The Wall Street Journal - Business -
Grab Sees Generative AI Boosting Cost-Cutting Drive
Southeast Asian ride-hailing and delivery specialist Grab Holdings is using generative artificial intelligence to trim expenses and boost a cost-cutting drive in its continuing bid to achieve profitability.The Wall Street Journal - Business -
Microsoft's Partnership With Mistral AI Cleared by U.K. Regulator
The U.K. Competition and Markets Authority cleared Microsoft’s partnership with Mistral AI.The Wall Street Journal - Business - Microsoft -
Cartier Owner Richemont Names Van Cleef & Arpels Head as New CEO
Richemont said Nicolas Bos will replace Jerome Lambert as its CEO, tapping a company veteran who most recently led its French jewelry brand Van Cleef & Arpels as the luxury industry navigates a slowdown in spending.The Wall Street Journal - Business