Author: arthursheikin@gmail.com

[ad_1] Genesis AI, a startup that aims to build a foundational model for powering all kinds of robots, has emerged from stealth with a giant $105 million seed round co-led by Eclipse Ventures and Khosla Ventures. Founded last December by Zhou Xian (pictured above, left), who holds a PhD in robotics from Carnegie Mellon University, and Théophile Gervet (pictured above, right), a former research scientist with the French AI lab Mistral, the startup wants to build a general-purpose model that will enable robots to automate a wide range of repetitive tasks, from lab work to housekeeping. Large language models are…

[ad_1] Last summer, I felt stuck. I was a year out of college and living in Nashville, with no idea where to go next.Most of my friends were headed to New York City, with a few straying from the norm by going to other big cities, like Denver or Dallas. I, however, veered entirely off the norm — practically skidding on two wheels — by moving to a tiny, remote spot in Washington’s San Juan Islands where I spent summers as a kid in my family’s cabin.The small island wasn’t on my short list of places to move postgrad. In…

[ad_1] Elon Musk’s AI company, xAI, has raised $10 billion in debt and equity, Morgan Stanley confirmed on Monday. In a post on X, the financial giant said xAI had raised $5 billion in debt and another $5 billion in a separate strategic equity transaction. “The combination of debt and equity reduces the overall cost of capital and substantially expands pools of capital available to xAI. The proceeds will support xAI’s continued development of cutting-edge AI solutions, including one of the world’s largest data center [sic] and its flagship Grok platform,” Morgan Stanley wrote. xAI did not immediately return a…

[ad_1] (This is a wrap-up of the key money moving discussions on CNBC’s “Worldwide Exchange” exclusive for PRO subscribers. Worldwide Exchange airs at 5 a.m. ET each day.) Investors are seeing opportunity in tech outside the “Magnificent Seven” and giving top picks in the industrials space after it finished the first half of 2025 as the top-performing sector. Worldwide Exchange pick: Netflix Victoria Greene of G Squared said Netflix still has more second half upside despite a more than 50% gain in the first six month of the year and a forward PE ratio of 50. “Bulls don’t die from…

[ad_1] Here are the biggest calls on Wall Street on Tuesday: Goldman Sachs upgrades Hasbro to buy from neutral Goldman says it sees upside to consensus for the toy company. “We upgrade shares of Hasbro (HAS) to Buy (from Neutral) and increase our Price Target to $85 ($66 prior), representing 21% total potential return.” Read more . Goldman Sachs upgrades Ovintiv to buy from neutral Goldman says it sees robust free-cash flow from the nat gas company. “We upgrade Ovintiv from Neutral to Buy given our expectations for outsized free cash flow generation…” Goldman Sachs upgrades Oshkosh to buy from…

[ad_1] Newly public virtual care company Omada Health is a strong pick for investors seeking long-term growth, according to Goldman Sachs. Analyst David Roman initiated coverage of Omada Health with a buy rating and 12-month price target of $29. That suggests roughly 58.5% potential upside ahead for the stock, which made its public debut on the Nasdaq on June 6. “At current levels — considering the growth trajectory of the business, near-term path to profitability, and below peer valuation — we see OMDA offering compelling risk/reward,” Roman wrote in a Monday note to clients. Roman is particularly bullish on Omada’s…

[ad_1] CNN  —  The US labor market continues to show signs of life, with the number of available jobs rising unexpectedly in May to a six-month high, according to Bureau of Labor Statistics data released Tuesday. Job openings, which serve as a closely watched measure of labor market demand, totaled an estimated 7.77 million at the end May, rising from 7.4 million in April, according to the BLS’ latest Job Openings and Labor Turnover Survey. Economists were expecting the number of available jobs to retreat after unexpectedly bouncing higher in April. Consensus estimates were for job openings to total 7.3…

[ad_1] The strength of Hasbro’s gaming portfolio is being overlooked by investors, according to Goldman Sachs. Analyst Stephen Laszczyk upgraded shares of the toymaker to buy from neutral and lifted his 12-month price target by $19 to $85. That suggests the stock could jump about 15.1% from Monday’s close. “We believe Hasbro is well-positioned to exceed consensus expectations in 2026+ across revenue, adjusted EBITDA, and free cash flow,” Laszczyk wrote in a Monday note to clients. He added that his 17.5x target price-to-earnings multiple is in line with where other scaled video game and digital media companies trade. The analyst’s…

[ad_1] In times of geopolitical chaos, the average person might watch a meditation video or stock up on canned goods. The wealthiest among us, however, might turn to a luxury underground bunker instead.”When a war breaks out, or when America bombs Iran, it does cause a spike in our business,” Ron Hubbard, founder and CEO of Atlas Survival Shelters, told BI.Larry Hall, the owner of luxury bunker company Survival Condo, also said he’s seen increased interest during geopolitical conflicts, including the recent one between Israel and Iran.Hubbard said it’s safe to assume that most billionaires have some sort of shelter,…

[ad_1] Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Trump loves low interest rates. And he really really really wants a low rates guy at the Federal Reserve. As Claire Jones reported in MainFT over the weekend.Donald Trump has said he will only pick a new Federal Reserve chair who will cut US interest rates, as he called on the central bank to slash borrowing costs to 1 per cent.Haven’t we seen this film before?© BloombergNo, not that film.Sure, there may be lessons from President Erdoğan’s decadal dalliance with trying…