Palantir’s AI valuation problem may finally be easing

Palantir Technologies (PLTR) is giving Wall Street a familiar problem. Investors admire the company’s stance on artificial intelligence, government software, national security, and enterprise automation. They also ask how much they should pay for that growth. That tension has haunted Palantir for years. Bulls see a company that can assist governments and companies in applying […]

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Another luxury fashion retailer closes 139 stores as merger fails 

Luxury brands are typically considered recession-resistant. Yet recent store closures suggest that luxury is not always enough to keep a business afloat amid shifting consumer habits and economic challenges.  McKinsey & Company reveals an important shift in consumer behavior: Emotional connection is now a top driver of purchasing decisions, ahead of traditional luxury markers such

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BYD’s Tesla win comes with a hidden warning

Tesla (TSLA) finally gave investors a delivery rebound. But BYD nevertheless claimed the crown back. That’s the painful part of the new worldwide electric-vehicle numbers. Tesla produced 480,126 vehicles in the second quarter, easily beating Wall Street estimates and indicating demand had bounced back after a slow first quarter. Tesla produced 451,758 vehicles and installed

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Bending Spoons targets software giants in huge capital deployment

Most people have never heard of Bending Spoons. But plenty of them use its products every day. The company owns Evernote, WeTransfer, Vimeo, Eventbrite, AOL, and StreamYard, among more than 50 businesses acquired since 2013. Last week, Bending Spoons (BSP) went public and laid out an ambitious roadmap. It wants to keep acquiring digital companies

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