Cerebras CEO says margin forecast was misunderstood as stock plummets

Cerebras Systems CEO Andrew Feldman said Wednesday that investors “misunderstood” the artificial intelligence chipmaker’s margin guidance, as shares slid 17% after the company reported results for the first time since going public. Analysts at Mizuho and Wedbush raised their estimates following Cerebras’ earnings call. But the company forecast a narrower gross margin in its core…

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Heirs don’t want to invest like their parents

Inside Creative House | Istock | Getty Images The largest transfer of wealth in modern history is underway, and the heirs set to inherit trillions of dollars in family fortunes are preparing to use the money very differently from the generations that built it.  Over the next two decades, an estimated $83.5 trillion is expected…

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Republicans buy crypto more than Democrats, data shows

Former US President Donald Trump speaks at the Bitcoin 2024 conference in Nashville, Tennessee, US, on Saturday, July 27, 2024. Bloomberg | Bloomberg | Getty Images Cryptocurrency adoption appears to have a political bent — and a significant gender divide. Republicans have adopted crypto with more gusto than Democrats in recent years, data shows, coinciding…

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Target, Walmart and Amazon losing LGBTQ+ consumer spending

LGBTQ+ consumers are shifting their brand loyalties based on companies’ diversity, equity and inclusion policies, according to new research from the Human Rights Campaign Foundation. The findings released Wednesday found that nearly 72% of LGBTQ+ consumers say they buy fewer products from companies they perceive as “reducing diversity and inclusion commitments.” Nearly 70% also said…

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Prediction markets show slide in ballot measure odds

California Governor Gavin Newsom speaks during the Munich Security Conference (MSC) in Munich, Germany, February 13, 2026. Liesa Johannssen | Reuters Chances that a proposed billionaire tax will appear on California’s ballot dropped from 88% to 35.5% over the last week on prediction markets platform Kalshi. The plunge arrives on the heels of reports from…

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