Finance Articles

After report of OpenAI missing targets, one company sees its worst share-price decline in six months

SoftBank Group shares tumbled in Tokyo trade, suffering its worst single-day percentage loss in six months, after a published report that OpenAI missed several internal targets in the face of competition from rival artificial-intelligence labs.

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Ondo Finance adds proxy voting for holders of its $700 million tokenized equities

The move aims to bring Ondo's tokenized stocks and ETFs closer to traditional ones held in a brokerage account.

CoinDesk

Three Bank of Japan members call for a rate hike; yen rises while bitcoin falls

Markets are pricing in a June rate hike after a split BoJ vote that saw three policymakers dissent in favor of a hike.

CoinDesk

What next as XRP drops 3% under $1.40 on strong selling

High-volume breakdown confirms sellers in control, with failed support turning into a key pivot as downside targets come into focus.

CoinDesk

Drizzle on top: a new high-end dog food brand is coming for the 1%

Golden Child is launching with two "five-star" products: a fresh frozen meal system and, more intriguingly, a "drizzle." It has also raised $37 million in funding.

TechCrunch

India’s Snabbit closes $56M round as investor interest in on-demand home services heats up

Snabbit now processes over 40,000 daily jobs and has cut costs sharply as it expands across cities and services.

TechCrunch

OpenAI missed rev/user targets. $ORCL risk?

WSJ says OpenAI missed internal rev and user targets, partly from Gemini/Anthropic competition. Reuters previously reported OpenAI’s $ORCL compute deal at $300B over ~5 years, or roughly $60B/year, starting in 2027. If OpenAI monetization is lagging while compute commitments ramp, does $ORCL’s AI backlog look riskier, or is the demand still money-good? submitted by /u/alphapod-Ai [link] [comments]

Reddit r/investing

My portfolio hits ATH today. But I feel uneasy

I've been in the market for quite some time so I know when everyone is euphoric and bullish like this, the chance for the markets sell off is pretty high. Today thanks to NVDA, my portfolio hits ATH. My portfolio is very AI concentrated. I plan to trim my portfolio to capture the profit and have some funds ready for any potential flash crash. What's your plan? Are you all in? Or are you investing with caution? submitted by /u/coopermug [link] [comments]

Reddit r/investing

What should adult children be doing when parents are close to retirement with little planning?

My sister and I are trying to understand what, if anything, we should be doing as our parents approach retirement with limited preparation. They are 65 and 66 and live in Mississippi. Our dad works for the United States Postal Service and is working toward a pension, and also contributes to a separate retirement account. Our mom is already receiving Social Security but still working, and our dad plans to begin Social Security at 67. We don’t have visibility into: >Their savings or retirement

Reddit r/personalfinance

California is one step closer to America’s first billionaire wealth tax — and the divide between red and blue state taxes is getting deeper

This year is shaping up to be a milestone moment for state income taxes after last year’s massive changes to federal income taxes.

MarketWatch Top Stories

Bed Bath & Beyond is seeing new life, as rare sales growth lifts stock more than 25%

Management highlights the “first quarter of significant revenue growth in 19 quarters.” But the stock is still well below its meme-stock-era highs.

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Higher inflation is on the way. The Fed needs to make this clear before it raises rates.

Fed’s communication should help investors manage risk — including the possibility that rates may rise.

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