GLOBAL – Geopolitical tremors from the Middle East sent immediate and significant shockwaves through global financial markets, as reports of U.S. military action against Iran triggered a surge in oil prices and defense-related equities.
FACTRAGE – A significant broadband outage on June 19 that impacted tens of thousands of CenturyLink customers has put a new spotlight on the immense financial pressures facing its parent company, Lumen Technologies.
CINCINNATI, OH – Grocery giant The Kroger Co. announced on Friday its plan to close approximately 60 stores nationwide over the next 18 months, a move the company says will ultimately improve its financial standing and enhance the overall customer experience.
LIVINGSTON, NJ – Shares of CoreWeave (CRWV) have seen a significant rally recently, driven by strong quarterly results, increased investor confidence in AI infrastructure, and a substantial, oversubscribed debt offering. The company, an “AI neocloud” provider, is capitalizing on the surging demand for specialized computing power needed to fuel the artificial intelligence revolution.
