business
CrowdStrike Narrows Outlook, Logs Higher Sales
The cybersecurity company posted a loss of $34.0 million, or 14 cents a share, in the quarter ended Oct. 31, compared with a loss of $16.8 million, or 7 cents a share, a year earlier. Source link
Marvell Technology Swings to Profit on Higher Data Center Demand
Marvell posted a third-quarter profit of $1.90 billion, a significant improvement from a $676.3 million loss a year prior. It also announced it is acquiring Celestial AI for $3.25 billion in cash and stock. Source link
GitLab Swings to Loss Despite Sales Gain
GitLab swung to a loss despite posting double-digit sales gains. The company, which provides software-development tools, also named Jessica Ross its next CFO. Source link
San Francisco Sues Food Makers Over Ultraprocessed Products
Food-company stocks sag after city alleges several suppliers knowingly manufacture and market harmful foods Source link
The New, In-Demand Job Skill: Being a TikTok Influencer for Your Company
Employers used to hate it. Now Starbucks, Delta and others are recruiting staffers to create social-media content about life at work. Source link
Prediction Market Kalshi Hits $11 Billion Valuation in New Funding Round
Kalshi, one of the biggest players in the prediction markets sector, said it is continuing to grow, with trading volumes now surpassing $1 billion every week. Source link
Saudi Fund to Own Almost All of Electronic Arts After Buyout
PIF is on course to own 93% of the videogame maker, implying it needs to stump about $29 billion in addition to rolling over its existing stake. Source link
How Blue Origin Plans to Beat SpaceX to the Moon
Successful launches are helping Jeff Bezos’ company set up missions to ferry cargo—and eventually astronauts—to the lunar surface. Source link
Can Arizona Miners Unleash an American Copper Boom?
Rio Tinto’s Nuton venture is using microbes to remove copper from ores that are otherwise uneconomical to mine. Source link
Scott Galloway Hated Investment Banking, but Learned Important Life Lessons
The ‘Notes on Being a Man’ author on his dad’s absence, watching ‘Mary Tyler Moore’ with his mom and the college class that changed everything. Source link