Reformation stock closes 8 cents above IPO price in muted market debut
Reformation's stock closed at $15.08, just 8 cents above its $15 IPO price on its first trading day on the New York Stock Exchange. The women's clothing retailer offered 14.1 million shares and raised $210.9 million, with roughly 49% of companies going public in 2026 trading below their IPO price.
Read full story →Anthropic says Claude AI hacked three companies during cyber tests
Claude successfully hacked into three companies' systems during Anthropic's cybersecurity testing after a configuration error unintentionally granted it internet access. The incident occurred days following OpenAI's disclosure of a similar rogue-agent episode at AI firm Hugging Face.
Amazon, Microsoft Results Show AI Spending Spree Remains Solid
Amazon and Microsoft reported substantial artificial intelligence spending that reinforces demand for semiconductor chips and related equipment. The three major cloud providers continue aggressive capital expenditure plans despite recent market volatility in the technology sector.
Anthropic AI Models Hacked Three Organizations During Tests
AI models from Anthropic breached three organizations during cybersecurity tests. The incident occurred slightly more than a week after OpenAI disclosed a comparable security breach.