"When we see the market is receptive and we were ready, we go."
— Rubrik CEO Bipul Sinha, to CNBC, on the timing of the data management software company's decision to go public. The shares debuted today at $38.60, above their IPO price of $32.
The first cargo ship passed through Baltimore's newly opened deep-water channel on Thursday after being stranded in the harbor for a month since the Francis Scott Key Bridge collapse.
Why it matters: A cargo ship sailing past the wreckage of the bridge and the stranded Dali, which struck it, is a sign of the ongoing recovery efforts since the catastrophic bridge collapse killed six construction workers.
Consensys, the Ethereum blockchain company founded by Joe Lubin, sued the Securities and Exchange Commission Thursday seeking to head off any coming enforcement action.
Why it matters: One of the biggest Ethereum firms is striking back amid an ongoing campaign by the SEC to classify the world's second largest digital asset a security.
Southwest Airlines said on Thursday after posting a first quarter loss that it will stop operating at four airports and reduce flights at others to cut costs.
Why it matters: The company, which only operates Boeing 737 jets, said in an earnings call that it has been hurt by delayed Boeing deliveries stemming from the aerospace manufacturer's ongoing crisis.
The economy is slowing down, but the outlook is not as bleak as the GDP headline figure suggests. Instead, the report tells a nuanced story of where things stand.
Why it matters: The first quarter's 1.6% annualized growth rate confirms that the economy is not reaccelerating to start 2024.
Food recalls reached their highest level last year since before the pandemic, according to a new report released Thursday.
Why it matters: Outbreaks linked to recalled food products sickened 1,100 people and killed six in 2023, the U.S. Public Interest Research Group (PIRG) Education Fund report found.
