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Meet Fidji Simo, the Instacart CEO Tasked With Getting OpenAI to Turn a Profit

Fidji Simo will join OpenAI this summer. - David Paul Morris/Bloomberg News Fidji Simo, OpenAI’s newest senior hire, and CEO Sam Altman bonded over a mutual fixation: They hate standing meetings and love to kill them in the name of efficiency. Simo will need …

EODHD | 20 May 2025

Blackstone to acquire TXNM Energy for $11.5bn

Blackstone Infrastructure has agreed to acquire TXNM Energy for $61.25 per share in cash, reflecting a total enterprise value of $11.5bn including net debt and preferred stock. The acquisition provides significant capital to support TXNM Energy's subsidiaries, PNM and TNMP, in their efforts to …

EODHD | 20 May 2025

VICI Properties: A Unique REIT With Reliable Dividends

VICI Properties (NYSE:VICI) is a REIT that may put off some investors due to its peculiar characteristics, such as its high dependence on certain tenants like Caesars Entertainment (NASDAQ:CZR) and the gaming business, which also has different characteristics from the real estate industry in …

EODHD | 20 May 2025

Bath & Body Works appoints former Nike executive as CEO

Bath & Body Works’ board of independent directors has appointed Daniel Heaf as CEO with immediate effect. Following the 2025 annual meeting of shareholders, Heaf will also join the board as a member of the personal care and home fragrance retailer. His previous experience …

EODHD | 20 May 2025

Krispy Kreme faces investor lawsuit over halted McDonald’s expansion

Krispy Kreme is facing a class action lawsuit from investors who allege they were misled regarding the company's halted expansion into McDonald's restaurants. The doughnut giant had announced plans to supply fresh doughnuts to 12,000 McDonald's locations by the end of 2026, but paused …

EODHD | 20 May 2025

Prediction: 2 Stocks That Will Be Worth More Than Intel 2 Years From Now

Key Points Intel struggled with existential challenges in recent years. Dell’s expanding AI server business should fuel its long-term growth. Workday’s cloud-based HCM services will remain in high demand. 10 stocks we like better than Intel › Intel's (NASDAQ: INTC) stock closed at its …

EODHD | 20 May 2025

Best Income Stocks to Buy for May 20th

Here are three stocks with buy rank and strong income characteristics for investors to consider today, May 20th: Rithm Capital Corp. RITM: This asset manager has witnessed the Zacks Consensus Estimate for its current year earnings increasing 5.2% over the last 60 days. Rithm …

EODHD | 20 May 2025

Data Streaming Enables AI Product Innovation, say 90% of IT Leaders in New Confluent Report

2025 Data Streaming Report: Moving the Needle on AI Adoption, Speed to Market, and ROI In the largest global report on data streaming, 89% say DSPs make AI adoption easier 90% of IT leaders are boosting investments in DSPs in 2025 LONDON, May 20, …

EODHD | 20 May 2025

Confluent Unites Batch and Stream Processing for Faster, Smarter Agentic AI and Analytics

Snapshot queries, a new feature of Confluent Cloud for Apache Flink, combines batch and stream processing capabilities in one place. On Confluent Cloud for Apache Flink®, snapshot queries combine batch and stream processing to enable AI apps and agents to act on past and …

EODHD | 20 May 2025

Stock Market News for May 20, 2025

U.S. stock markets closed higher on Monday after a choppy session. Market participants remained concerned regarding downgrade of the U.S. sovereign credit rating. On the other hand, positive developments on the trade and tariff related front bolstered investors’ sentiment. All three major stock indexes …

EODHD | 20 May 2025