Technology

Best Buy Beats Profit Estimates in Q1, Cuts Full-Year Guidance on Tariff Pressure

Best Buy beat Q1 profit estimates on $8.8B revenue and a 3.8% adjusted op income rate, but cut FY26 guidance — revenue to $41.1–41.9B from $41.4–42.2B, EPS to $6.15–$6.30 — citing tariff pressure on consumer electronics. Computing and tablets comp +6%.

Technology

Temu Fined €200 Million by EU Commission Over Illegal Products on Its Platform

The European Commission fined Temu €200M ($232M) — the second company sanctioned under the Digital Services Act — for failing to keep dangerous baby toys and unsafe chargers off its platform. Temu has until August 28 to deliver a remediation plan.

Technology

Cognition Raises $1 Billion at $25 Billion Pre-Money Valuation, Up 2.5x in Eight Months

Lux Capital, General Catalyst, and 8VC co-led Cognition's $1B+ raise at a $25B pre-money mark — 2.55x the $10.2B post-money valuation set just eight months ago. The Devin maker reports $492M ARR and says 10x enterprise usage growth since January.

Technology

Google Engineer Charged With Using Internal Search Data to Net $1.2M on Polymarket

SDNY prosecutors charged Michele Spagnuolo, a 12-year Google staff infosec engineer, with using internal Year-in-Search data to bet $2.7M across 25 Polymarket outcomes and net $1.2M — including the winning pick that d4vd would be 2025's most-searched person. CFTC filed parallel civil case.

Culture

Ferrari Luce EV Draws Online Backlash and 8% Stock Drop After Jony Ive Reveal

Ferrari's first fully electric, five-seat car — €550,000, designed by ex-Apple chief Jony Ive — sent shares down nearly 8% on Monday. The online enthusiast base compared the Luce to a Honda Accord, an Apple Store minivan, and a luxury toaster.

Technology

GitHub Confirms Breach of 3,800 Internal Repositories via Poisoned VS Code Extension

A poisoned Nx Console VS Code extension gave a threat actor access to roughly 3,800 of GitHub's internal repositories. The trojanized build was live on the VS Code Marketplace for 18 minutes.

Technology

Anthropic Agrees to a $30 Billion Round at $900 Billion Pre-Money Valuation, FT Reports

Sequoia, Dragoneer, Altimeter, and Greenoaks each writing $2B checks. The pre-money mark is 2.6x Anthropic's February Series G and pushes past OpenAI's $852B. Closing expected this week.

Daily Roundup

The Daily Roundup: Nike LeBron NXXT Gen by JuJu 'Silver Lining,' Thunder Take 3-2, Mandalorian & Grogu's $100M Memorial Day, Fireworks AI's $15B — May 27, 2026

JuJu Watkins becomes the first athlete to co-design a LeBron NXXT Gen colorway as the Silver Lining drops at $170. The Thunder took Game 5 127-114 to lead the Spurs 3-2 in the Western Conference Finals.

Technology

Fireworks AI in Talks to Raise at $15 Billion Valuation, Index Ventures Set to Co-Lead

Bloomberg reports the AI inference startup is in talks for a new round at $15B — nearly 4x its $4B Series C valuation from October 2025 and almost 30x its July 2024 mark. Index Ventures is set to co-lead.

Technology

Brett Adcock's Hark Raises $700M Series A at $6B Valuation Led by Parkway

Hark, the third Brett Adcock company in five years, closed a $700M Series A from Parkway Venture Capital with Nvidia, AMD, Intel, Salesforce, and Qualcomm participating. First multimodal models ship this summer.

Technology

Anthropic Tests Dual-Mode Memory Files Architecture for Claude

A new "Memory Files" option in testing would let Claude store what it learns about a user across multiple structured documents — a personal wiki the model can consult selectively — alongside the existing single-note Classic memory.

Daily Roundup

The Daily Roundup: Nike LeBron 23 'Dreams and Nightmares,' Knicks–Cavaliers Sweep, Mandalorian & Grogu, OpenAI's $122B - May 26, 2026

The Nike LeBron 23 'Dreams and Nightmares' drops at $235 on the week the Knicks punched their first Finals ticket since 1999. OpenAI closes the largest private fundraise in history at $122B, and Mandalorian & Grogu opens to $100M.