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Dow Jones Top Company Headlines at 9 PM ET: SpaceX Starts a Wall Street Bake-Off to Hire Banks for Possible IPO | OpenAI ...

SpaceX is interviewing bankers for its potential IPO. OpenAI has changed its compensation policy to end 'vesting cliff' for new employees. Tonka Trucks faced profit shrinkage due to disrupted shipments. Australia's ASX underinvested in infrastructure resilience. Lululemon's stock surged due to CEO change. Senate Democrats criticized Trump's approval of AI chip sales to China. Reddit sued the Australian government over a social media ban for under-16s. Wealthfront's IPO saw a $2.7 billion valuation. Bank of America's shares recovered from the 2008 crisis. Warehouse clubs are increasing store brands. First Brands requested access to $250 million in customer receipts. Fermi stock dropped due to a lost funding commitment. A law professor sued Boeing over toxic fumes. Broadcom's stock tumbled despite strong AI business revenue forecast.

MorningStar·
NA
OpenAI
0.00%
US
AVGO
-11.43%
MorningStar·
NA
OpenAI
0.00%
US
AVGO
-11.43%

CNBC Daily Open: Investors sell off tech despite steady Broadcom numbers

Tech stocks, including Broadcom, saw a sell-off, causing major U.S. indexes to fall. Despite Broadcom's strong earnings and guidance, investor concerns over margins and deals led to a 11% drop in its shares. The Dow rose 1.1% due to financial stocks, but tech dragged down the S&P 500 and Nasdaq. Analysts remain optimistic about Broadcom's future, but investors are jittery amid AI bubble fears.

CNBC·
US
AVGO
-11.43%
CNBC·
US
AVGO
-11.43%

The Generative AI Threat is Already in Your Browser: Malicious Chrome Extensions Explode in Latest...

Palo Alto Networks researchers have identified a surge in malicious Chrome extensions exploiting Generative AI themes for data theft and harmful redirection. These extensions, often impersonating legitimate services, are used for sophisticated data exfiltration. The study highlights the need for robust security measures to counter these evolving threats, as cybercriminals adapt to the growing demand for AI browser tools.

StartupHub·
US
PANW
+0.70%
StartupHub·
US
PANW
+0.70%

General Dynamics Corporation $GD Holdings Decreased by Saratoga Research & Investment Management

Saratoga Research & Investment Management reduced its holdings in General Dynamics by 4.1% in Q2, owning 206,088 shares worth $60.1M. Other investors like Ameriprise and Prudential increased their positions. General Dynamics reported Q3 EPS of $3.88, beating estimates, with revenue up 10.6% YoY. The company announced a quarterly dividend of $1.50 per share. Analysts have mixed ratings, with price targets ranging from $335 to $400.

Market Beat·
US
GD
-1.17%
Market Beat·
US
GD
-1.17%

Geneos Wealth Management Inc. Has $13.14 Million Holdings in CrowdStrike $CRWD

Geneos Wealth Management Inc. increased its holdings in CrowdStrike by 7.2% in Q2, now owning 25,790 shares worth $13.14 million. Other institutional investors also adjusted their stakes. CrowdStrike's stock opened at $504.78, with a market cap of $127.26 billion. Recent earnings exceeded expectations with $1.23 billion in revenue. Insider transactions included significant stock sales by the President and CEO. Analysts have set new price targets for the stock.

Market Beat·
US
CRWD
-2.49%
Market Beat·
US
CRWD
-2.49%
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