News From Around Town

Stay up to date on some of the latest news in technology and startups. Headlines about the industry, the markets, and more.

Intuit shares drop as quarterly forecast misses estimates due to revenue getting delayed

While Intuit reiterated its full-year view, the company said promotional changes in the current quarter will have implications for revenue timing.

Gap shares surge as it raises guidance, touts ‘strong start’ to holiday

Gap said Old Navy's sales fell after hurricanes led to store closures and warm weather deterred sales in its kids category.

The market is having knee-jerk reactions to Trump’s picks. That could spell buying opportunities

Big swaths of the market have pulled back since the Nov. 5th election, and that could spell opportunity.

Citadel’s Ken Griffin says Trump’s tariffs could lead to crony capitalism

"I am gravely concerned that the rise of tariffs puts us on a slippery slope towards crony capitalism," the billionaire investor said.

Piper Sandler highlights the stocks most likely to benefit from bullish market sentiment

This handful of stocks typical notches gains when market sentiment is bullish. Wall Street's current backdrop fits that criteria.

Troubling signs under the hood: Charts point to possible market selloff around corner

David Keller breaks down the weak internal breadth he's seeing in the S&P 500.

Bluesky CEO Jay Graber says X rival is ‘billionaire proof’

Bluesky CEO Jay Graber told CNBC that the social media app's open design could thwart potential acquisition efforts.

SEC Chair Gary Gensler will step down Jan. 20, making way for Trump replacement

President-elect Donald Trump has not announced his pick, but the expectation is that the next chair will be friendlier to Wall Street and crypto.

Gautam Adani’s U.S. fraud charges could have wider repercussions for India

U.S. prosecutors allege that Gautam Adani, the second most-wealthy Indian man, personally met with Indian government officials to further their "bribery scheme."

Alphabet shares slide 6% following DOJ push for Google to divest Chrome

Alphabet shares fell Thursday following news that the Department of Justice is proposing Google divest its Chrome browser to end its search monopoly.

Trump AG pick Matt Gaetz says he’s withdrawing

Matt Gaetz said he is withdrawing his name from consideration as President-elect Donald Trump's pick for U.S. attorney general.

Possible Rowan selection for Treasury secretary would be boost for Apollo stock, says TD Cowen

CEO Marc Rowan's potential appointment as Treasury secretary would bode well for the alternative asset management industry, according to TD Cowen.

SailGP signs Rolex as first title partner of its global sailing competition

SailGP's global championship features a dozen national teams battling in identical high-tech, high-speed 50-foot foiling catamarans.

Rep. Marjorie Taylor Greene to work with Musk, Ramaswamy as new DOGE subcommittee chair

Greene's group will share the DOGE acronym with the entity commissioned by President-elect Donald Trump and led by billionaires Elon Musk and Vivek Ramaswamy.