CoreWeave’s stock soars as earnings show major AI momentum
The AI cloud provider topped revenue and earnings expectations, with its CEO cheering “an important inflection point.”
The AI cloud provider topped revenue and earnings expectations, with its CEO cheering “an important inflection point.”
London equity markets registered immediate gains across defence and aerospace contractors after Prime Minister Andy Burnham appointed former Defence Secretary John Healey as Chancellor of the Exchequer. Shares in major prime contractors advanced as institutional investors priced in expectations of an accelerated timeline for UK defence capital allocation. Healey’s transition to Number 11 Downing Street…
New York has approved a 21.9% reduction in workers’ compensation insurance premium rates, which the state says represents an estimated savings of more than $1 billion for businesses or an average of $1,779 per employer in the state. The loss cost rate reduction was approved by the New York State Department of Financial Services (DFS)…
Ryan Nauman hosts Zephyr’s Adjusted for Risk podcast with guest Phil Palumbo, CEO/CIO of Palumbo Wealth Management and host of the Palumbo Pulse, to discuss aging demographics and implications for retirement planning and advisors. Palumbo describes leaving UBS to go independent for fiduciary alignment, better economics, and broader investment access, and explains his firm’s focus…
The first of the baby boomers turn 80 in 2026, an event that is expected to generate substantial growth in senior care service demand. From housing development to nutritional services, private equity sees opportunities to address the supply and demand discrepancy in the sector. Financial pressures are also driving strategic divestitures and operator exits, further…
10th add-on acquisition adds capabilities and expands services to federal agency fleets; ProLogic ITS outfits emergency vehicles for law enforcement, fire, and EMS agencies across the Southeast. Lehr, an emergency vehicle upfitter backed by Broadwing Capital, today announced the acquisition of the emergency vehicle upfitting assets of ProLogic ITS, a public safety solutions provider based…
The Trump administration is moving ahead with its efforts to fire Federal Reserve governor Lisa Cook, two months after the Supreme Court allowed her to retain her job while she fights the president’s effort to terminate her over mortgage fraud allegations that she has denied. The justices in a 5-4 decision in June said Cook, who was…