Author: arthursheikin@gmail.com

[ad_1] The California judge for Elon Musk’s racketeering lawsuit against Sam Altman granted the Tesla CEO a small legal victory Tuesday, but not before dinging both sides for trying to waste her time with “excessive” court filings.”The court will not waste precious judicial resources on the parties’ gamesmanship,” US District Judge Yvonne Gonzalez Rogers wrote.”Here, the parties to this action have repeatedly over-litigated this case,” she wrote.The judge’s terse, two-page decision grants Musk’s request that she trim Altman’s bulky response to the bulky, 2024 lawsuit, which accuses OpenAI and Microsoft of civil racketeering, fraud, breach of contract, and violating antitrust…

[ad_1] Scores of workers funneled into New York city offices this morning just like any other weekday, hours after a lone gunman killed four people in a Midtown building.While the site remains closed, nearby workers who spoke with Business Insider expressed sorrow over the shooting and anxiety about returning to their in-person jobs. Workplace-crisis experts, however, told BI they didn’t anticipate a lasting effect on office attendance. Read more of Business Insider’s coverage on the Manhattan shooting. “Unfortunately these things are happening all the time,” said Bo Mitchell, president of 911 Consulting, a Wilton, Connecticut-based provider of emergency-preparedness services.Less than…

[ad_1] The Tea app saga continues to brew — and has taken a legal turn.On Monday, the viral app, which lets women post anonymous reviews of men, was hit with two class-action lawsuits.Both lawsuits were filed in response to the data breach Tea experienced last week, which exposed about 72,000 images — including selfies and IDs used for verification — and private messages.A Tea spokesperson declined to comment.The two lawsuits, filed in the Northern District of California, allege negligence, breach of implied contract, and other claims.One lawsuit, filed on behalf of Griselda Reyes, says that she submitted a photo while signing…

[ad_1] A slate of companies that have posted “consistent and superior” earnings growth over the past 10 years could be poised for strong performances and are worth watching, according to Bank of America. “Since data began in 1998, the Global Steady Compounders have annualized 5.2% outperformance versus the MSCI AC World Index and have outperformed in more months than most strategies we monitor,” strategist Nigel Tupper wrote in a Tuesday note. “Stocks screening as Steady Compounders tend to outperform for extended periods.” There are circumstances in which “steady compounders” don’t fare well. Tupper wrote that the names tend to underperform…

[ad_1] Anthropic is nearing a deal to raise between $3 billion and $5 billion in funding, valuing the large language model developer at $170 billion, Bloomberg reported. Iconiq Capital is leading this funding round, but there’s a possibility of a second lead investor joining the deal. The company has also been in talks with Qatar Investment Authority and GIC, Singapore’s sovereign wealth fund, according to the report. If finalized, the deal would nearly triple Anthropic’s valuation, which was $61.5 billion after a $3.5 billion funding round led by Lightspeed Venture Partners announced in March. Other participants in the startup’s last…

[ad_1] There’s an old saying in the markets; “The longer the base, the higher in space.” Cadence Design Systems ‘CDNS’ just broke from a 16-month base following a strong earnings report. Sixteen months may not seem that ridiculously extended, but for a company that helps the biggest chip makers in the world design, test, and perfect their chips before they even begin manufacturing, and NVDA higher by 84% in that same 16-month period, I think it’s significant. I’ve been watching this name for some time to add to my portfolio and have owned this in the past, but Tuesday morning’s…

[ad_1] It’s Meta’s time to shine.The Facebook parent is on deck to report earnings for the second quarter after the closing bell on Wednesday, and Wall Street analysts are feeling bullish on the tech giant’s coming results.Analysts are expecting the company to report $44.7 billion in revenue for the last three-month period, compared to $42.3 billion in revenue for the first quarter. Earnings per share are expected to come in at $5.86, according to Bloomberg data.Wall Street has increasingly come to see Meta as a key AI play, with the company on track to roll out two major data centers…

[ad_1] Google announced on Tuesday that it’s rolling out Video Overviews to NotebookLM, its AI-based note-taking and research assistant. First introduced at Google I/O in May, Video Overviews allow users to turn dense multimedia, such as raw notes, PDFs, and images, into digestible visual presentations. Previously, the service took an audio approach to helping users understand materials with Audio Overviews, a feature that gives users the ability to generate a podcast with AI virtual hosts based on documents they have shared with NotebookLM, such as course readings or legal briefs. With this new capability, NotebookLM is taking a more visual approach…

[ad_1] Starbucks is slated to release fiscal third-quarter results after the stock market’s closing bell Tuesday, and most analysts are adopting a sentiment somewhere between apprehension and cautious optimism as the coffee giant tries to right the ship. An LSEG survey shows analysts, on average, anticipate that the coffee chain will earn 65 cents per share, or a slump of 30% from a year ago. On the other hand, Starbucks’ expected revenue of $9.31 billion could mark year-over-year growth of 2.1%. Starbucks disappointed investors in its fiscal second quarter as adjusted earnings of 41 cents per share on revenue of…

[ad_1] 2025-07-29T17:07:34Z Share Facebook Email X LinkedIn Reddit Bluesky WhatsApp Copy link lighning bolt icon An icon in the shape of a lightning bolt. Impact Link Save Saved Read in app This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in. After an eight-year, $2 billion renovation, the Waldorf Astoria New York is reopening in September. The hotel blends historic Gilded Age furnishings with modern luxuries for guests and residents. Highlights include the restored Peacock Alley and Silver Corridor plus redesigned suites and condos. They don’t call the Waldorf…