Short interest in Trump Media jumped 31% to nearly 16 million shares after its $6 billion merger announcement, signaling that traders are betting the DJT stock's sharp rally will fade despite its push into AI data centers.
Shares of Shopify Inc. dropped 2.3% on Friday, closing at $157.20, after a Canadian appeals court ruled that the company must retain certain merchant data requested by the Canada Revenue Agency (CRA) in an ongoing tax dispute.
Saks Global names Richard Baker CEO as the luxury retailer navigates leadership changes and mounting financial pressure amid a global slowdown in high-end spending.
Futurum Group CEO Daniel Newman says the AI rally is shifting from hype to hardware as easing chip supply constraints and expanding capacity at companies like TSMC and ASML drive renewed gains in AI-linked stocks despite ongoing production limits.
Convicted Bitfinex hacker Ilya Lichtenstein said a prison reform law signed by President Donald Trump led to his early release after serving part of a five-year sentence
China has overtaken the U.S. as the world's largest source of patent applications, accounting for about 27% of global filings as America's share falls to a multi-decade low amid faster innovation and infrastructure buildout in China.
