Former Tesla SVP Drew Baglino sold shares worth $181.5 million, the SEC filing said executive Drew Baglino, who announced his resignation earlier this month, sold shares in the electric vehicle company worth about $181.5 million, according to a Thursday filing with the SEC. Baglino, who joined Tesla in 2006, sold about 1.14 million of his shares, the filing said, listing …

Alphabet jumps 10% on strong earnings, first dividend, $70 billion buyback shares jumped 10% Friday morning after the company posted better-than-expected first-quarter results and greenlit its first dividend and a $70 billion buyback. The company on Thursday reported revenue of $80.54 billion, a 15% increase from a year earlier and the fastest growth rate since early 2022, beating the $78.59 …

Microsoft says cloud AI demand is outstripping supply even after a 79% jump in capital spending increasing spending at a rate not seen since at least 2016. It may still not be enough. In its earnings report on Thursday, Microsoft said capital spending jumped 79% from a year earlier to $14 billion. The company spent faster than revenue increased — …

Alphabet was angered by concerns that it was lagging behind in AI with explosive first-quarter results into its earnings report on Thursday faced concerns about the growth of Google’s core ad business and the company’s ability to generate profits from its big investment in artificial intelligence. For now at least, the company is putting Wall Street’s fears to rest. Alphabet …

Stripe co-founder says high interest rates kill Silicon Valley’s ‘weirdest’ ideas Rising interest rates have crushed tech valuations and had a chilling effect on Silicon Valley. Stripe’s co-founder says it’s needed. “In general, the impact of higher rates is pretty good,” John Collison, president of the online payments company, told CNBC in an interview at the company’s annual conference Wednesday. …

Shares of Rubrik rose 16% in their NYSE debut after the company’s IPO price topped the range Shares of data management software maker Rubrik surged in its New York Stock Exchange debut on Thursday, the latest sign that public market investors are showing interest in tech IPOs. Shares opened at $38.60 a share, after the Microsoft-backed company priced its IPO …

Intel shares fell after the company gave a weak forecast for the current quarter reported first-quarter earnings on Thursday that beat Wall Street expectations for earnings per share, but there was a glimmer in sales. Intel gave a weak forecast for the current quarter. Shares fell 8% in extended trading. Here’s how Intel performed against LSEG consensus expectations for the …

Nvidia supplier SK Hynix reversed losses in the first quarter on exploding AI demand South Korean memory chip maker SK Hynix on Thursday reported a net profit of 1.92 trillion South Korean won ($1.39 billion) in the first quarter, reversing a loss of 2.58 trillion won posted in the same period a year ago. This was the first positive earnings …

Planning for King Charles’ funeral is underway: source King Charles III’s cancer diagnosis has caused concern among friends and courtiers. The Daily Beast’s Tom Sykes reported, “speaking to friends of the king in recent weeks about his health, the most common response was … ‘It’s not good.'” A royal friend noted that Charles was “determined to beat him and they …

Taylor Swift’s lyrical flow gets a political twist with activist Monica Lewinsky’s post Activist Monica Lewinsky joined a viral social media trend this week related to lyrics from “Who’s Afraid of Little Old Me?” – the 10th song on Taylor Swift’s latest album, “The Tortured Poets Department.” The trend saw users share the line “You wouldn’t last an hour in …