Salesforce plummets as weak forecast sparks concerns of AI competition

Salesforce (CRM.N), opens new tab shares slumped about 18% on Thursday, after its lowest-ever quarterly revenue growth forecast raised fears that high interest rates and rival AI offerings were hampering demand at the cloud-based software firm. The company could lose more than $48 billion in market value if losses hold, as it also reported quarterly revenue that was below […]

Tamboran Resources Announces 6.5M Share IPO $24-$27/sh

The Biden administration is investigating China Mobile (NYSE:CHL), China Telecom (NYSE:CHA) and China Unicom (NYSE:CHU) over concerns the firms could exploit access to American data through their U.S. cloud and internet businesses by providing it to Beijing, three sources familiar with the matter said. The companies still have a small presence in the United States, […]

Stocks making the biggest moves midday: Five Below, Salesforce, Lululemon, Instacart and more

Check out the companies making headlines in midday trading: Five Below — Shares of Five Below sank 10.6% after the discount retailer fell short of Wall Street’s first-quarter revenue estimates and offered disappointing guidance. For the current quarter, Five Below said it expects between $830 million and $850 million in revenue, while analysts polled by LSEG […]