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Palo Alto Networks reported a strong quarterly beat-and-raise on Tuesday night, ending persistent doubts that artificial intelligence will cause disruption. The stock was volatile in after-hours trading, but given the torrid rise in earnings, it’s not surprising to see this kind of reaction. The company’s third-quarter fiscal 2026 revenue rose 31% year over year to $3 billion, beating Wall Street’s consensus estimate of $2.94 billion, according to LSEG. Adjusted earnings per share (EPS) for the quarter rose 6% to 85 cents, beating the LSEG consensus estimate of 80 cents. Shares were mostly flat, but volatile in after-hours trading. Pal Alto…
A pedestrian passes in front of a Tesla store in Shanghai, China, on March 14, 2024.Cost Photo | Null Photo | Getty ImagesSales of Tesla’s Chinese-made electric vehicles rose nearly 40% in May on the back of a broad recovery in the country’s EV market.In May, the company delivered 85,982 new energy vehicle units from its Shanghai Gigafactory, which produces Model 3 and Model Y units for China and several overseas markets, according to preliminary data released by the China Passenger Car Association on Tuesday. This represents a 39.4% year-on-year increase when compared to the same period in 2025.According to…
pink raising a glass to my daughter willow heart. The “Get the Party Started” singer certainly felt emotions as she reflected on herself and her husband. carrie hart15 year old daughter June 2nd. “Honestly, I was scared to become a mother,” Pink admitted in an exclusive interview with E! magazine. News at Top of the Rock at Rockefeller Center. “I said in Willow’s birthday card that she taught me what love is, and I have loved every step of being her mother.” “It’s very emotional,” the 46-year-old added. “I never thought I could handle teenagers, and she was the easiest…
Spain’s mayor of La Linea de la Concepción has banned friendlies between the Democratic Republic of the Congo and Chile, citing health concerns.Published June 3, 2026June 3, 2026The Democratic Republic of the Congo (DRC) is keen to play its pre-World Cup friendly against Chile behind closed doors, head coach Sebastian Desabres has said.The 49-year-old Frenchman made the offer after the mayor of the Spanish town where the match was scheduled to host canceled it on Tuesday, citing health concerns over the Ebola outbreak in the African country.Recommended stories list of 4 itemsend of listJuan Franco, the mayor of La Linea…
Goldman Sachs officially favors mainland Chinese stocks over those traded in Hong Kong. The investment bank on Wednesday lowered its rating on H shares from overweight to market weight, while maintaining an overweight rating on mainland China’s A shares as a hedge against artificial intelligence hardware. Most of China’s AI semiconductor companies and their suppliers are traded on mainland stock exchanges. For the second time in a year, Goldman announced that it is raising its 12-month target for the CSI 300 from 5,300 to 5,500. This would represent a nearly 12% increase from Tuesday’s closing price. The firm expects the…
Coralogix, a Boston-based, Israeli-founded software monitoring startup, has raised $200 million in a new funding round, betting that the rise of AI agents will drive demand for a new generation of tools to monitor, troubleshoot and manage increasingly autonomous software systems. The Series F funding comes just 11 months after Coralogix raised $115 million in a Series E round, a pace that reflects how quickly investor appetite for AI infrastructure companies has accelerated. The new round values the startup at $1.6 billion post-money and was led by Advent and Canada Pension Plan Investment Board (CPPIB), with participation from Greenfield Partners…
A fleet of Tesla Cybertrucks sits outside the Starbase construction site at SpaceX’s South Texas Test Facility on February 6, 2026. Reginald Massalone | Null Photo | Getty ImagesSpaceX is expected to begin trading on the Nasdaq in just over two weeks, but Morningstar analysts warn that Elon Musk’s tech giant is “significantly overvalued.”The long-awaited debut is expected to be the largest initial public offering in history, with SpaceX reportedly targeting $75 billion in funding and a $1.75 trillion valuation.”We believe the company is significantly overvalued and investors have an opportunity to buy the stock at more attractive levels post-IPO,”…
Morgan Wallen breaks SNL’s COVID-19 protocolsWallen was scheduled to appear as a musical guest on SNL in October 2020, but was removed from the show for failing to follow COVID-19 guidelines after photos and videos of the musician partying in Alabama were leaked online.“I was preparing, SNL I got a call from the show this Saturday and was informed that I would no longer be able to appear on the show. It’s because of COVID protocols and I understand that,” Warren said in a video shared to social media at the time. “I’m not positive about COVID, but my actions…
Chris Murphy, co-head of derivatives strategy at Susquehanna, said investors should increase hedging as the summer draws to a close as market uncertainty increases due to stronger S&P 500 index momentum, macroeconomic risks and a sustained rise in oil prices. Murphy said that after a strong season, the S&P 500 is “starting to become increasingly vulnerable to correlation shocks.” “Investors are entering the summer with crowded momentum exposures, large-cap tech stock positioning, thin asset manager capital, and an increasing reliance on a narrow group of leaders in AI, semiconductors and mega-caps,” he said. The tech sector had its strongest two-month…
OpenAI chief Sam Altman is scheduled to attend the G7 meeting in France later this month, CNBC has learned, as President Emmanuel Macron ramps up efforts to woo technology leaders around the world to support the country’s AI ambitions.France is hosting the 2026 G7 meeting (an annual meeting of heads of state or government) from June 15th to 17th, and AI is expected to feature heavily on the agenda.OpenAI exclusively told CNBC that Altman was invited by Macron to participate in the Leaders’ Summit, and this will be his first time attending. “The expectation is that he will participate in…