Author: arthursheikin@gmail.com

[ad_1] Venture capital juggernaut Andreessen Horowitz (A16z) pulled a power move at this year’s Tech Week — and it’s become the conference’s most compelling niche drama.Tech Week, whose current iteration was started by A16z in 2022, returned to New York City this month with a full calendar of events just as the city started heating up for summer. The conference’s “decentralized” nature means anyone can throw an event and apply to have it added to the official calendar, provided they follow a set of rules.However, one of this year’s new rules has drawn criticism from some organizers and attendees: Official…

[ad_1] Investors should pick up shares of Shopify as the company continues to innovate in an increasingly artificial intelligence-powered e-commerce industry, according to Wells Fargo. Analyst Andrew Bauch reiterated his overweight rating on Shopify shares and lifted his price target by $18 to $125, which suggests the stock has about 19% upside ahead. Bauch said Shopify has a strong product portfolio and strategic partnerships in artificial intelligence that will allow it to capture similar market share in “agentic” commerce as it does in traditional U.S. e-commerce. Agentic commerce refers to AI agents acting on behalf of the customer or business…

[ad_1] Biopharmaceutical stocks’ underperformance versus the broader market for a third straight year is an opportunity for investors, according to JPMorgan. Analyst Chris Schott said in the firm’s June outlook for biopharma that the sector’s poor performance can be traced back to concerns over President Donald Trump’s tariffs and his ” most favored nation ” executive order. The SPDR S & P Biotech ETF (XBI) has pulled back about 7% so far in 2025, while the S & P 500 has notched a nearly 2% gain. The stock action is overdone, according to Schott, as he expects any impact from…

[ad_1] 2025-06-06T14:20:54Z Share Facebook Email X LinkedIn 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. As a Costco employee of 19 years, I always look forward to browsing the aisles for new products. This June, Costco is carrying lots of great summer-focused items. The warehouse also has lots of tasty new food items like crispy beef tacos and a strawberry cake. Summer is quickly approaching, which…

[ad_1] Washington CNN  —  Hunter Biden on Friday dropped a lawsuit against Fox News that accused the right-wing network of unlawfully airing sexually explicit images of him. This is the second time Hunter Biden has filed and then voluntarily dismissed a lawsuit against Fox News. The cases stemmed from a 2022 digital miniseries that featured a dramatized “mock trial” against Hunter Biden about his overseas financial dealings. Lawyers for former President Joe Biden’s son claimed Fox News violated “revenge porn” laws and defamed him. They did not explain in court filings why they dropped the case, though they recently lost…

[ad_1] Tesla ‘s plunge following CEO Elon Musk ‘s online feud with President Donald Trump on Thursday was unnecessarily severe and offers investors a good entry point, according to Tom Lee, Fundstrat’s head of research. Musk and Trump threw barbs at one another over the course of Thursday. Musk claimed Trump would have lost the election without his support and called the president’s spending bill a “disgusting abomination.” Trump threatened to cut government contracts for the billionaire entrepreneur’s companies. Tesla shares dropped 14% in Thursday’s session, meaning the electric vehicle maker shed $152 billion in value — its biggest one-day…

[ad_1] Analysts from several major Wall Street banks walked away from Broadcom ‘s latest quarterly report with more conviction on the stock. The chipmaker reported fiscal second-quarter revenue and profits on Thursday that exceeded analysts’ estimates, and also gave strong guidance for the current quarter. Broadcom’s adjusted earnings per share of $1.58 on revenue of $15 billion beat the expected $1.56 per share and $14.99 billion from analysts polled by LSEG. Broadcom saw $4.4 billion in AI revenue during the quarter and said it expects $5.1 billion in AI chip sales in its fiscal third quarter. Shares dipped 2% in…

[ad_1] The US added 139,000 jobs in May, more than expected, and the unemployment rate didn’t budge.Economists predicted job growth of 126,000 and for unemployment to remain at 4.2%. This is the third straight month of a 4.2% rate and the 13th straight month at or above 4%.April’s job growth was revised from 177,000 to 147,000, and March’s growth was revised from 185,000 to 120,000. That means that there were 95,000 fewer jobs created over those two months than BLS previously reported.Wage growth continued its consistent year-over-year growth of 3.9% in May. Average hourly earnings increased from $34.89 a year…

[ad_1] Updated 2025-06-06T12:30:37Z Share Facebook Email X LinkedIn 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. Audio startups are changing how we listen to and discover music. A new crop of companies has emerged to help artists and other audio creators build businesses. We spoke with six audio-startup founders who shared the pitch decks they used to raise funds. Innovation in music tech is on the…

[ad_1] Happy Friday! What do you get when you mix Pokémon-like trading cards with K-pop? A collectible that’s big business. BI’s Cheryl Teh describes the photo trading cards, known as “boy paper,” as “a blood sport that’s equal parts lottery and enterprise.”In today’s big story, the historic relationship between President Donald Trump and Elon Musk dramatically imploded.What’s on deckMarkets: JPMorgan just put its foot down against its new junior bankers hunting for PE jobs.Tech: At NY Tech Week, the talk of the town was … the town.Business: Inside a wild three days at the world’s biggest bitcoin party.But first, no…