Business headlines from the Apex backend, organized by sectors and major public companies for faster market scanning.
The software company said it is pairing with NVIDIA to deliver “sovereign AI” offerings for U.S. agencies and operators, while expanding its work connected to its Surf Air initiative.
THE APEX TIMES
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The athletic apparel giant reported results that beat estimates, helped by international momentum and a modest lift in North America revenue, but the durability of the region’s turnaround remains the focus.
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D.A. Davidson technology analyst Gil Luria said Meta’s potential move into cloud services would be “very bad” for CoreWeave and Nebius, two firms that have built businesses around supplying AI computing to customers.
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The Treasury said two BlackRock iShares exchange traded funds will be available as investment options under the federal “Trump Accounts” initiative, a move that could expand retail access to the ETFs while reinforcing BlackRock’s role in benchmark fund distribution.
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The Seattle coffee chain’s directors authorized a new cash payout on its common stock, setting another near-term marker for investors tracking returns and capital allocation.
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Ride-hailing and micromobility company Lime is reportedly considering Uber as an anchor investor tied to its planned U.S. initial public offering, a move that would link two major mobility platforms at a pivotal fundraising moment.
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The company’s results were shadowed by a one-time tariff-related refund that analysts said can obscure underlying weakness in sales as expectations are trimmed.
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A new report tied to Meta’s AI cloud plans helped lift the stock by about 10% in late trading, underscoring how quickly markets are repricing big tech’s race to build and monetize AI infrastructure.
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The company’s chief executive argued that enterprise AI buyers want more control over data, models and the computing costs needed to run them, echoing broader concerns about the economics of popular AI services.
