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Selena Gomez’s beauty brand just made her a billionaire

Selena Gomez has entered a rarefied circle for young celebrities.The 32-year-old actor, singer, and entrepreneur is now a billionaire, according to Bloomberg, which estimates...

Justice Department takes a major step toward an antitrust lawsuit against Nvidia

The move marks an escalation in the DOJ's investigation. Justice Department lawyers had previously sent questionnaires to several businesses, Bloomberg reported. But the subpoenas...

Microchip Technology Says a Cyber Breach Has Slowed Operations

(Bloomberg) -- Microchip Technology Inc. said that its servers were breached by “an unauthorized party,” forcing the chipmaker to shut down some of its...

Tiger Cub Goel Closes $11 Billion Firm, Citing Health Issues

(Bloomberg) -- David Goel, who worked for hedge fund titan Julian Robertson before launching Matrix Capital Management 25 years ago, is shuttering his $11...

AMD to Buy ZT Systems in $4.9 Billion Challenge to Nvidia

(Bloomberg) -- Advanced Micro Devices Inc. agreed to buy server maker ZT Systems in a cash and stock transaction valued at $4.9 billion, adding...

Stock Winners and Losers in Indonesia’s $230 Billion Budget Plan

(Bloomberg) -- Indonesia’s 3.6 quadrillion rupiah ($230 billion) budget for next year will prop up consumer, food and health-care stocks as President-elect Prabowo Subianto...

Hedge Funds Add Apple, Reshuffle Technology Portfolio

(Bloomberg) -- Hedge funds continued to buy into some of the biggest technology companies including Apple Inc. in the second quarter while trimming positions...

Alibaba’s Marquee Business Shrinks Amid Consumer Malaise

(Bloomberg) -- Alibaba Group Holding Ltd. posted an anemic 4% rise in revenue after its Chinese commerce business shrank for the first time in...

Big Tech, Health-Care and High-Yield Stocks Are Dip-Buying Targets

(Bloomberg) -- A dizzying start to August, which saw US stocks whiplashed by economic jitters, lackluster earnings and the unwinding of the global yen...

Blackstone Targets Richer Clients Than Its Rivals for a New Fund

(Bloomberg) -- Blackstone Inc. debuted an infrastructure fund targeting individuals with at least $5 million of investments, departing from the paths of rivals such...

Palantir Surges After Boosting Profit Forecast on AI Demand

(Bloomberg) -- Palantir Technologies Inc.’s stock jumped in extended trading after the company raised its annual outlook, citing continuing demand for its artificial intelligence...

FBI reveals it used unreleased technology to crack the Trump shooter’s phone

On Sunday, the Federal Bureau of Investigations (FBI) said it was struggling to gain access to the phone owned by the man identified as...

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