Salesforce CEO Marc Benioff says the ‘SaaSpocalypse’ is nonsense. Here's why
Salesforce CEO Marc Benioff said Wednesday it's time to put fears of a "SaaSpocalypse" to rest after the company's latest earnings report.
Finance & markets
CrowdStrike’s stock soars after AI fuels the cybersecurity company’s ‘best quarter in history’
CrowdStrike's fiscal second quarter was not just a beat — it was, in the words of CEO George Kurtz, 'our very best quarter in company history.' The cybersecurity giant posted a record $333 million in net new annual recu…
What to know about Hugging Face, the open-source AI startup reportedly catching Nvidia’s eye
This is Grab’s most significant outlay to date and it marks its first move outside of Southeast Asia, where it currently serves eight countries. When Grab got itself profitable last August, we suggested it could use its…
Salesforce stock jumps 12% on AI growth and Anthropic investment gain
Salesforce shares soared 12% in extended trading on Wednesday after the cloud software vendor reported results and issued guidance that surpassed Wall Street projections.
Wheat Rallying to New Highs as Russia Looks to Escalation
The wheat complex rallied on Wednesday with escalating tensions out of the Black Sea. Chicago SRW contracts were up the 45 cent limit in the front months and other contracts up 26 to 44 cents. KC HRW futures were 17 to …
Cocoa Prices Pressured by Abundant Supplies
December ICE NY cocoa (CCZ26) closed up +2 (+0.03%) on Wednesday, and September ICE London cocoa #7 (CAU26) closed down -4 (-0.10%).
Okta pops 20% after topping estimates as AI threat spikes demand for identity security
Okta shares surged 20% in extended trading after the identity software provider surpassed Wall Street's fiscal second-quarter estimates.
OpenAI releases sweeping report on Hugging Face AI agent hack
OpenAI published a technical report on Wednesday detailing how its artificial intelligence models successfully breached Hugging Face last month, an incident that rattled researchers and executives across the tech sector.
CrowdStrike jumps 11% on record second quarter as 'Mythos moment' drives AI cyber wave
CrowdStrike popped more than 11% in extended trading after the cybersecurity company topped Wall Street's fiscal second-quarter estimates and boosted guidance as artificial intelligence threats mount.
Easing Supply Fears Weigh on Cocoa Prices
Cocoa prices are slightly lower today. Prices have been under pressure this week on signs of abundant global cocoa supplies. Last Friday, Bloomberg reported that Nigeria’s July cocoa bean exports rose +18% y/y to 16,052…
Salesforce cRPO Could Decide Whether Revenue Growth Reaccelerates
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I just had my first baby and don’t want to go back to work. Is quitting for a year a bad idea?
There are a myriad of reasons women leave or pause their careers. From love to children, marriage, relocation, a partner’s request, or circumstances that feel entirely out of their control, the paths that lead women awa…
Republicans are dismissing affordability. That could be a problem in November
President Donald Trump, in an interview Wednesday, said the word "affordability" was "devised" by Democrats to disparage him. The Republican National Committee sent out a fundraising text attributed to Vice President JD…
Corn Rallies to Fresh 3-year Highs
Corn futures are trading with midday gains of 11 to 14 cents cents on Wednesday, hitting the highest price since August 2023. Spillover strength in wheat and supply concerns over the US crop have both been supportive. T…
The ugly math on interest expenses, yields and the $40 trillion U.S. national debt
When we warned that America was closing in on $40 trillion in national debt, the point wasn’t that some magic number would suddenly cause the economy to implode. The warning was that the United States is piling enormous…
Cotton Bulls Pushing Bach Higher on Wednesday Morning
Cotton price action is up 14 to 31 points so far on Wednesday. Futures saw lower trade on Tuesday with contracts pulling off the lows into the close, still down 27 to 46 points in most contracts. Crude oil was down $3.9…
Salesforce, Anthropic expand partnership as Benioff responds to ‘SaaSpocalypse’ concerns
Salesforce and Anthropic on Wednesday expanded their strategic partnership and unveiled "Claudeforce," a new way for salespeople to access critical data directly from inside Anthropic's Claude chatbot.
Wednesday Sector Laggards: Shipping, Precious Metals
In trading on Wednesday, shipping shares were relative laggards, down on the day by about 3.1%. Helping drag down the group were shares of Dorian LPG, down about 6.1% and shares of Pangaea Logistics Solutions down about…
Fed, NASA and DOJ among victims of Chinese state-sponsored hacker group: Court documents
Hackers targeted networks "operated by hospitals, telecommunications providers, power companies, financial institutions, and defense contractors," a filing said.
‘The relationship quickly deteriorated’: My friend’s lawyer settled his injury case without his consent. What can he do?
“His former lawyer is now holding the settlement funds, maintaining that he is entitled to attorney’s fees.”
States sue to block Trump-backed USPS mail-ballot rule after Supreme Court setback
The rule in question would require election officials to give USPS voter information and use federally reviewed, uniquely barcoded ballot envelopes.
Nvidia Earnings, Sticky Inflation and Jackson Hole Put Markets on High Alert
U.S. stocks face a critical test this week as three key events determine whether the rally can resume. Nvidia's quarterly earnings, Federal Reserve Chair Kevin Warsh's debut speech at Jackson Hole, and the release of th…
Dollar Rises on US Economic News
The dollar index (DXY00) is up by +0.23% today. The dollar is moving higher today on signs of strength in the US economy after July personal spending and income rose more than expected and Q2 personal consumption was re…
The U.S. economy is better than it looks — but it might be due for a slowdown
The U.S. economy is better than it looks — but it might be due for a slowdown Consumer spending soared in the second quarter. A repeat is unlikely. Read at source