Bank of America believes that DigitalOcean is poised to benefit from rising artificial intelligence inferencing demand. Analyst Wamsi Mohan double upgraded the cloud service provider to a buy rating from underperform. He also hiked his price target to $60 per share from $34. Shares of DigitalOcean have already surged 35% this year. Mohan’s new forecast…
U.S. President Donald Trump attends an event to make an announcement from the Oval Office at the White House in Washington, D.C., U.S. Nov. 6, 2025. Jonathan Ernst | Reuters President Donald Trump on Thursday announced deals with Eli Lilly and Novo Nordisk to slash the prices of some of their obesity drugs, including upcoming…
Check out the companies making the biggest moves midday: Brighthouse Financial — The insurance company soared 26% after it announced it would be bought by Aquarian Capital for $70 per share in cash, or around $4.1 billion. The deal is expected to close next year. Golden Entertainment — The casino operator surged 36% after announcing…
Omar Marques | SOPA Images | Lightrocket | Getty Images Datadog shares jumped 20% on Thursday after the software company reported third-quarter revenue that topped Wall Street estimates and issued a strong forecast for the fourth quarter. The company reported revenue of $885.7 million, which was up 28% year over year, and topped the $852.8…
LOS ANGELES — The NFL’s first-ever game in Spain will feature a Latin music showcase with Argentine producer Bizarrap and Puerto Rican superstar Daddy Yankee set to perform during the halftime show. The two hitmakers will take the stage Nov. 16 when the Washington Commanders face the Miami Dolphins at Madrid’s Santiago Bernabéu Stadium, the…
Any team that wants to sign Boston Red Sox third baseman Alex Bregman knows exactly what they’re getting: an elite glove and a proven impact hitter from the right side. After opting out of the final two seasons of a three-year, $120 million deal with the Red Sox, Bregman is among the premier players on…
Chicago Federal Reserve President Austan Goolsbee on Thursday expressed hesitation about lowering interest rates further because the government shutdown has resulted in a blackout on key inflation data. While Goolsbee has otherwise been an advocate for gradually lowering rates, the central bank official said during a CNBC interview that he has concerns over the lack…
A Republic Airways plane takes off near the air traffic control tower at Ronald Reagan Washington National Airport (DCA) in Arlington, Virginia, US, on Tuesday, Oct. 28, 2025. Samuel Corum | Bloomberg | Getty Images Airlines rushed to provide travelers updates after the Federal Aviation Administration said Wednesday that it would reduce flights across 40…
Layoff announcements soared in October as companies recalibrated staffing levels during the artificial intelligence boom, a sign of potential trouble ahead for the labor market, according to outplacement firm Challenger, Gray & Christmas. Job cuts for the month totaled 153,074, a 183% surge from September and 175% higher than the same month a year ago….
Alibaba-backed Chinese startup Moonshot has launched one of the more popular generative AI chatbots called Kimi. Sopa Images | Lightrocket | Getty Images Chinese startup Moonshot on Thursday released its latest generative artificial intelligence model which claims to beat OpenAI’s ChatGPT in “agentic” capabilities — or understanding what a user wants without explicit step-by-step instructions….
