Need to Know Beware the June Swoon for Stocks As Ai Ebullience Leaves Tech Overbought
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‘Irrational excitement’ over AI will wipe out tech stocks, says contrarian investor who has nailed prior selloffs
Steven Jon Kaplan, author of the True Contrarian blog and newsletter, says a popular tech ETF is headed for hard times thanks to “irrational” AI excitement.MarketWatch - Business -
Cyberattacks Keep Rising. Here's What Small Businesses Need to Know
The average cost of ransomware payments has reached $26,000, more than twice the average in 2021.Inc. - Business -
What Is 5G Home Internet? Here’s Everything You Need to Know (2024)
Carriers are starting to offer home internet packages that rely on 5G cellular data service. We’ll help you decide if it’s right for you.Wired - Tech -
Met Gala 2024: A Guide to the Theme, Hosts and How to Watch
What’s the dress code, who’s hosting, who’s going and how to watch.The New York Times - Lifestyle -
Vertiv’s stock rallies as data-center AI deployments fuel earnings beat
Vertiv cites the “acceleration of AI-driven demand” in driving new orders.MarketWatch - Business -
2024 NFL Draft: Patriots' QB targets, trade options, dream scenario, predictions; everything you need to know
A rapid-fire rundown with our resident Patriots expertCBS Sports - Sports - NFL -
MEPs vote to leave treaty used by investors to sue over climate policies
Coordinated withdrawal agreed after several member states and UK have quit energy charter treaty. European lawmakers have voted to escape a treaty that lets investors sue governments in private courts for pursuing policies that stop the planet ...The Guardian - World - Climate -
EU votes to leave energy treaty as green rules pushed through
Final plenary session of parliament sees climate legislation passed despite political and industry oppositionFinancial Times - World - European Union -
What to Know About Italy's Digital Nomad Visa
If you've ever dreamed of working from Italy, your time has just arrived.Inc. - Business -
Tories need to learn to love London again
The capital votes for its mayor next week, but the Conservatives’ dissociation from the city means they seem set for failureFinancial Times - Business -
We need an exodus from Zionism | Naomi Klein
We don’t need or want the false idol of Zionism. We want freedom from the project that commits genocide in our name. I’ve been thinking about Moses, and his rage when he came down from the mount to find the Israelites worshipping a golden calf.. ...The Guardian - World -
Buttigieg: US needs more air traffic controllers
Transportation Secretary Pete Buttigieg said more air traffic controllers are needed to address the concerns of them being overworked. Buttigieg said the administration is requesting funding from Capitol Hill lawmakers to hire 2,000 additional ...The Hill - Politics -
The world’s most disappointing masterpiece: why does the Mona Lisa leave so many people underwhelmed?
Online, Leonardo da Vinci’s famous painting is the subject of thousands of negative reviews – on display at the Louvre, it is deluged with visitors. Is the problem the artwork or the stressful experience of seeing it?. Name: Mona Lisa.. Age: ...The Guardian - World -
Ethnic Karen guerrillas in Myanmar leave a town that army lost 2 weeks ago as rival group holds sway
Yahoo News - World -
What to Know About the New Rules on Airline Refunds and ‘Junk’ Fees
The Transportation Department issued new requirements on refunds when flights are canceled or delayed and on revealing “junk” fees before booking. Here’s what passengers can expect.The New York Times - Top stories -
Cicadas Are Emerging Now. How Do They Know When to Come Out?
Scientists are making computer models to better understand how the mysterious insects emerge collectively after more than a decade underground.The New York Times - Science -
Noncompete Clauses: What They Are and What to Know Before Signing an Agreement
The FTC has issued a plan to ban noncompete clauses. Here’s what you need to know about them—and what to keep in mind before signing an agreement.The Wall Street Journal - World -
What to Know About the New Rules on Airline Refunds and ‘Junk’ Fees
The Transportation Department issued new requirements on refunds when flights are canceled or delayed and on revealing “junk” fees before booking. Here’s what passengers can expect.The New York Times - Business -
Elon Musk Needs Cheaper Teslas to Pay for Everything Else He Wants
Tesla’s plan for a more affordable model that might revive growth and cash flows has been accelerated at the expense of ambition.The Wall Street Journal - World - Elon Musk -
Portugal needs to ‘pay the costs’ of slavery and colonialism, says president
Critics of Marcelo Rebelo de Sousa say behind remarks is lack of national recognition that slavery should be discussed in schools. Portugal needs to “pay the costs” of slavery and other colonial-era crimes, the country’s president has said, in a ...The Guardian - World -
Jim Cramer's top 10 things to watch in the stock market Wednesday
The S&P 500 and the Nasdaq are trying to extend their winning streaks to three sessions.CNBC - Business -
Humana stock reverses lower as earnings outlook to remain unclear for months
Humana’s stock turned lower Wednesday, after the health insurer reported a quarterly profit that beat expectations by a wide margin and boosted its outlook for Medicare Advantage membership growth, but said uncertainty over the earnings outlook ...MarketWatch - Business -
Here’s how much Elon Musk is making on Tesla’s stock rally
Investors in Tesla Inc.’s stock may be having a very good day Wednesday, but none are having anywhere where near as good a day as Chief Executive Elon Musk.MarketWatch - Business - Elon Musk -
Trump to receive bonus worth $1.2bn for Trump Media stock performance
A price floor means ex-president gets bonus even though Trump Media & Technology Group’s stock value has plummeted. Former president Donald Trump qualified for a bonus worth $1.2bn after shares in his social media company remained above a certain ...The Guardian - World - Donald Trump -
UK regulator examines Microsoft and Amazon’s AI dealmaking
Request for comments into Big Tech’s alliances with artificial intelligence start-ups follows CMA study into fast-growing marketFinancial Times - Business - United Kingdom -
Nvidia's Biggest Manufacturer Doubles Down on AI
TSMC, the world’s biggest contract chip maker, is reshaping its business to respond to booming AI-related demand, but capacity is “still not enough.”The Wall Street Journal - Tech -
Tredence’s gen AI platform attracts top clients, fuels enterprise AI adoption
Tredence launches GenAI-as-a-Service platform, empowering enterprises to harness generative AI with reduced costs, improved efficiency, and responsible AI governance.VentureBeat - Tech - Artificial Intelligence -
As bird flu spreads in dairy cows, more surveillance is needed, health officials say
Recent bird-flu outbreaks in dairy cows and other animals underscore the need for better virus surveillance across species, WHO officials said Wednesday.MarketWatch - Business -
Op-ed: Here are 6 health-care stocks to watch now, amid a bumpy recovery
Health care, long an ailing stock market sector, has recovered over the past six months, with currently robust vital signs and strong growth projections.CNBC - Business -
Trump Media CEO urges House GOP leaders to probe possible 'manipulation' of DJT stock
Donald Trump's media company CEO Devin Nunes wants Congress to probe possible manipulation of the company's stock.CNBC - Business - Donald Trump -
Boston Scientific’s stock heads for record high as earnings shine and company offers upbeat guidance
Sales of cardiovascular products rose 15.9% in the quarter, helping Boston Scientific beat estimates.MarketWatch - Business -
Hilton’s stock pops after earnings beat estimates, despite the impact of bad weather
Hilton Worldwide Holdings Inc.’s stock rose 4.6% Wednesday after the hotel operator’s first-quarter earnings beat analysts’ estimates, even as the company grappled with bad weather and other issues.MarketWatch - Business -
Microsoft, Amazon AI partnerships face scrutiny from British regulators
British antitrust regulators are seeking views on partnerships between Microsoft and Amazon with smaller generative AI model makers.CNBC - Business - Microsoft -
Rabbit’s AI Assistant Is Here. And Soon a Camera Wearable Will Be Too
WIRED went along to the company’s launch event where customers picked up the very first R1s and learned of an inbound “all-seeing” accompanying AI device.Wired - Tech -
Qualcomm unveils Snapdragon X Plus for efficient Windows laptops with on-board AI
Qualcomm unveiled its Snapdragon X Plus processor platform for fast Windows laptops with long battery life. Snapdragon X Plus features a 10-core Qualcomm Oryon CPU and a 45 TOPS neural processing unit (NPU) – the world’s fastest NPU for laptops – ...VentureBeat - Tech -
Why the AI Industry's Thirst for New Data Centers Can't Be Satisfied
The lead time to get custom cooling systems is five times longer than a few years ago, and delivery times for backup generators have gone from as little as a month to as long as two years.The Wall Street Journal - Tech -
Meta Releases Latest AI Model, Seeking to Build Out Rival to ChatGPT
The social-media company is unveiling Llama 3, a follow-up to its large language model that will be available to the public.The Wall Street Journal - Tech -
Amazon Introduces Custom AI Capabilities in Race Against Cloud Rivals
The company’s cloud-computing unit hasn’t made as big a splash as its rivals in AI, betting instead that businesses want to use a variety of AI models.The Wall Street Journal - World - Amazon -
Shedeur Sanders NFL Draft stock: Five Colorado games in 2024 season where Buffs QB can dazzle pro scouts
Sanders has several chances this season to cement himself as the top signal-caller in next year's classCBS Sports - Sports - NFL -
Etsy crochet buyers say AI-made images are being used to sell disappointing patterns
A yarn-woven Garfield, a highland cow and a baby dragon are just some of the cute plush items displayed in the Etsy stores of crochet-pattern merchants.NBC News - Top stories