Markets

Carnival Corporation & plc will release its Q2 2025 earnings on June 24, 2025, with a call at 10 AM EDT. The results, affecting brands like Carnival Cruise Line and Princess Cruises, will be accessible via website. Investors will analyze the performance of the world’s largest cruise company within the leisure travel market.

AMD CEO Lisa Su is challenging NVIDIA’s dominance in the booming AI chip market. AMD’s new MI355 chips reportedly outperform NVIDIA’s offerings in AI software execution and offer a price advantage. Su forecasts the AI chip market will exceed $500 billion. OpenAI will utilize AMD’s chips, and the company aims to significantly expand its market share, though NVIDIA currently leads with substantial revenue. The MI series is pivotal for AMD’s growth.

Quince Therapeutics announced a securities purchase agreement to raise approximately $11.5 million upfront, with the potential for an additional $10.4 million if warrants are exercised. The financing, priced at a premium, will fund working capital, R&D, and general corporate purposes, extending its operational runway into Q2 2026 (or potentially H2 2026). The placement is led by Nantahala Capital and is set to close in June 2025.

UBS Wealth Management US welcomes Mellany Bagtas as a Financial Advisor in New York City, based at the 299 Park Avenue office. Bagtas, previously at Morgan Stanley, brings experience to serve high-net-worth clients, offering tailored financial strategies. UBS highlights her expertise in wealth preservation, planning, and customized solutions.

Sunflower Bank has appointed Josh Wilson as Regional President for Arizona and New Mexico to drive growth in those markets. With $8.2 billion in assets, the bank aims to expand its commercial banking relationships, leveraging Wilson’s extensive experience in financial services, including leadership roles in private equity and regional banking. The bank offers a range of services and operates branches in Arizona and New Mexico, as well as national services across 43 states.

Ideal, the Chinese EV maker, has integrated the DeepSeek R1-0528 model into its “Ideal Fellow” interface. This upgrade elevates its AI capabilities, offering advanced questioning and content creation functionalities. The R1 model reportedly outperforms domestic competitors in key benchmarks and is closing the gap with leading international models. Key improvements include enhanced reasoning, reduced “hallucinations,” and superior creative writing abilities, making the AI more reliable and versatile.

Altigen Technologies launched the next generation of its MaxCloud UC platform, a UCaaS solution, featuring enhanced resilience, usability, and expanded functionality. The upgrade includes a new Active/Active/Active architecture for reliability, browser-based clients, updated mobile apps, AI-driven transcription, CRM integration, and web conferencing improvements. The update delivers tangible advantages for Altigen’s channel partners and aims to streamline operations and improve user experience.

Amidst the devastating crash of an Indian airliner near Ahmedabad, a survivor has been found and is hospitalized. The crash, which involved flight AI171, a 787-8, near the airport and impacted a medical school dormitory, resulted in the deaths of five medical students. The flight, carrying 242 people, including Indian, British, Canadian, and Portuguese nationals, was en route to London and had issued a distress call before the crash, prompting a temporary airport closure.

A tragic incident at Ahmedabad’s airport resulted in the suspension of operations. An Air India Boeing 787-8, en route to London, crashed shortly after takeoff, disappearing from radar. All 242 people on board are reported dead. This marks the first total loss of a 787 model, with eyewitness accounts detailing the crash and ensuing fire.

New Found Gold Corp. completed the second tranche of its “bought deal” offering, raising C$63.48 million. This final tranche, including the underwriters’ over-allotment option, generated C$21.4 million and involved Charity Flow-Through Common Shares and common shares. Funds will support exploration expenses at the Queensway Gold Project. Major shareholder Eric Sprott retained his stake. The offering, underwritten by firms including BMO, underscores strong investor confidence and is subject to regulatory approvals.