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[ad_1] Walmart’s push to grow in the e-commerce arena could be a key catalyst for its stock, according to Mizuho Securities. The firm named Walmart a top pick and raised its price target on the retailer to $115 per share from $105. That implies upside of nearly 18%. “The multi-year rebuild into a much more tech-led player is working, with a focus on speed of delivery and further volume gains ahead,” analyst David Bellinger said. “WMT is on pace to deliver annual U.S. e-commerce revenues in excess of $100B or closing in on ~10% of all domestic online sales – making…

[ad_1] Trying to avoid becoming part of the “OpenAI killed my startup” meme? Anthropic’s chief product officer has some advice.In an episode of “Lenny’s” podcast published on Thursday, Mike Krieger said three key qualities can help startups defend themselves from being taken over by AI giants and stay “defensible” for at least the next one to three years.First, Krieger said startups with deep knowledge of areas like law or biotechnology can survive AI giants.For example, he said that he doesn’t see Anthropic building a solution for scientific labs. “But I want that company to exist and I want to partner…

[ad_1] Duolingo’s CEO said AI was not causing jobs to disappear at his company — but that workers will need to adapt.Following some negative responses to its recent “AI-first” strategy announcement, Luis von Ahn said some had misunderstood the intent and that Duolingo wasn’t replacing its workforce with machines.”Every tech company is doing similar things,” but “we were open about it,” he told the Financial Times in an interview published on Sunday. “I should have been more clear to the external world.”In April, Duolingo shared a companywide email on LinkedIn outlining its push toward more AI-driven operations.Some users accused the…

[ad_1] New York CNN  —  US stocks were mixed on Monday and the S&P 500 approached an all-time high as trade talks between the US and China kicked off in London. The Dow was lower by 30 points as of midday. Meanwhile, the broader S&P 500 rose 0.13% and the tech-heavy Nasdaq Composite gained 0.36%. Stocks were relatively unchanged as investors monitored developments from the trade talks. The S&P 500 on Friday hit its highest level since February and was less than 2.4% away from hitting a new record high. The Dow, S&P 500 and Nasdaq are coming off of…

[ad_1] Warner Bros. Discovery stock jumped in premarket trading after announcing plans to split into two separate companies next year.The Streaming & Studios company will include Warner Bros. Television, Warner Bros. Motion Picture Group, DC Studios, HBO, and HBO Max, as well as their legendary film and television libraries.The second business, Global Networks, will include entertainment, sports and news television brands including CNN, TNT Sports in the US, Discovery and the Discovery+ streaming service and some free-to-air channels in Europe.David Zaslav, CEO of Warner Bros. Discovery, will lead Streaming & Studios. Gunnar Wiedenfels, the CFO, will CEO of Global Networks.Both…

[ad_1] McDonald’s could soon start reflecting some of the broader pressures impacting the fast food sector, according to Morgan Stanley. The firm downgraded McDonald’s to equal weight from overweight on Monday and trimmed its price target to $324 per share from $329. Morgan Stanley’s new forecast implies about 5% upside from Friday’s close. “MCD is a top quality business but hasn’t been, and probably will not be, insulated from some structural pressures on fast food,” analyst Brian Harbour said. The analyst listed the impact of economic policy uncertainty on lower income consumers as well as shifts in health and wellness…

[ad_1] Staying current in a world that’s rapidly evolving isn’t easy. Just ask Google Cloud’s chief technology officer, Will Grannis, who says he’s been at it for a few decades.Keeping up with the times amid the AI revolution doesn’t mean ditching what you’ve learned in the past, though. Grannis said a lot of the “core pillars” that prior generations learned are still relevant, even if the modality has shifted.”You still have to understand, you know, how computers work, how data stores work,” the Google Cloud CTO told Business Insider in an interview. “Because that context will allow you to think…

[ad_1] Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Shares in Japanese hotel developer turned bitcoin investor Metaplanet soared on Monday after it unveiled plans to raise about $5.4bn to add to its already large stockpile of the cryptocurrency.The company said on Friday it wanted to raise the funds to increase its bitcoin holdings more than twenty fold to 210,000 by the end of 2027, a hoard of 1 per cent of the total supply of the cryptocurrency that would be worth $22bn at current prices.The Japanese group underwent “a…

[ad_1] New York CNN  —  United Natural Foods, Inc., one America’s largest publicly traded health food wholesalers and the primary food distributor for Whole Foods, has taken some of its systems offline after a massive cyberattack. “We have identified unauthorized activity in our systems and have proactively taken some systems offline while we investigate,” the company said in a statement to CNN. UNFI has also contacted law enforcement for assistance and it’s “assessing the unauthorized activity” and is working to its restore systems following the cyberattack. In a regulatory filing Monday, UNFI said it became aware of an incident in…

[ad_1] An overly optimistic outlook on Tesla’s robotaxi rollout and a feud between CEO Elon Musk and President Donald Trump will keep the company’s stock in check, according to Baird. The firm downgraded in the electric vehicle company to neutral from buy. It maintained its $320 price target, which calls for about 8% upside from Friday’s close. Musk told CNBC’s David Faber in May that Tesla plans to have robotaxis in Austin by the end of this month . “We believe Musk’s comments regarding the robotaxi ramp rate are a bit too optimistic, and we believe this excitement has been…