Nvidia Drops 10 As Investors See Risk in Big Tech Shares
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Investors Cheer AI Spending Boom in Big Tech---Just Not at Meta
Meta had its worst trading day in 18 months after warning of years of AI investment. Shares of Microsoft and Google parent Alphabet rallied.The Wall Street Journal - Tech -
Nvidia launches tech update for ChatRTX AI chat
A new update for Nvidia ChatRTX is available for download today.VentureBeat - Tech - Artificial Intelligence -
Shares of two big online education stocks tank more than 10% as students use ChatGPT
Chegg and Coursera both sank more than 10% in trading Tuesday, a day after issuing disappointing guidance.CNBC - Business -
Is Big Tech's Spending Stifling AI Startups Innovations?
Critics say technology giants' multibillion-dollar spending on AI infrastructure makes it hard for startups to compete.Inc. - Business -
Big Tech caught up in AI frenzy
Also in this newsletter: Houthis expand attacks, England and Wales go to the polls, warning on global povertyFinancial Times - World -
Big Shell investors urge others to back greater climate action
The shareholders say meeting the Paris Agreement goals is ‘essential to preserve the health of the global economy’Financial Times - Business - Climate -
Friends From the Old Neighborhood Turn Rivals in Big Tech’s A.I. Race
Demis Hassabis and Mustafa Suleyman, who both grew up in London, feared a corporate rush to build artificial intelligence. Now they’re driving that competition at Google and Microsoft.The New York Times - Tech -
In Race to Build A.I., Tech Plans a Big Plumbing Upgrade
The spending that the industry’s giants expect artificial intelligence to require is starting to come into focus — and it is jarringly large.The New York Times - Tech -
How working for Big Tech lost 'dream job' status
Mass layoffs have eroded the shine of the tech industry.CNBC - Business -
The US Government Is Asking Big Tech to Promise Better Cybersecurity
The Biden administration is asking tech companies to sign a pledge, obtained by WIRED, to improve their digital security, including reduced default password use and improved vulnerability disclosures.Wired - Tech -
‘Big Bang’ EU countries risk losing competitive edge
Ten countries need new impetus after reaping early benefits of enlargement waveFinancial Times - Business - European Union -
‘Big Bang’ EU countries risk losing competitive edge
Ten countries need new impetus after reaping early benefits of enlargement waveFinancial Times - World - European Union -
SocGen trader fired for ‘unauthorised’ bets blames ‘risk team and bosses’
Kavish Kataria complains of losing his bonuses and claims his options trades made moneyFinancial Times - Business -
Starbucks shares sink 12% as coffee chain slashes 2024 forecast amid same-store sales drag
Across all regions, Starbucks reported shrinking same-store sales and falling traffic.CNBC - Business -
DJT shares close down more than 9% as Trump Media hot streak stalls
Trump Media, owner of the Truth Social app, has seen a series of gains for its DJT ticker, even after majority shareholder Donald Trump earned extra shares.CNBC - Business - Donald Trump -
DJT shares plummet more than 10% as hot streak for Trump Media stalls
Trump Media shares dropped sharply in morning trading Wednesday, shortly after breaking above the $50 per share threshold for the first time in nearly a month.NBC News - Top stories - Donald Trump -
Viking shares rise 8% after cruise line operator's market debut
The company's initial public offering coincides with a strong rebound in cruise bookings.CNBC - Business -
Wayfair shares surge 10% after furniture retailer cuts losses by more than $100 million
Wayfair's sales fell in the first quarter, but the furniture retailer narrowed its losses by over $100 million after cutting 13% of its staff.CNBC - Business -
2024 Kentucky Derby horses, futures, odds, date: Expert who hit 10 Derby-Oaks Doubles makes top picks
Jody Demling revealed his Kentucky Derby 2024 picks for the Run for the Roses on Saturday, May 4 at Churchill DownsCBS Sports - Sports -
Oil prices bounce after crude sees biggest drop since early January
Oil futures attempt to regain ground Thursday.MarketWatch - Business -
NFL Power Rankings: Bengals, Jets rise with Joe Burrow, Aaron Rodgers back; stagnant Cowboys drop from top 10
Pete Prisco leans into the healthy return of two star QBs in his post-draft rankingsCBS Sports - Sports - NFL -
Tesla shares drop nearly 6% after Musk cuts about 500 jobs in Supercharger team
Tesla is continuing a sweeping reorganization and laying off some 500 employees from its Supercharger team.CNBC - Business - Tesla -
Nvidia is chip sector’s only hope after AMD and Super Micro disappoint
Investors better hope that Nvidia Corp. exceeds Wall Street’s current expectations, after Tuesday’s disappointments by two other favored AI-related companies, Advanced Micro Devices and Super Micro Computer.MarketWatch - Business -
Nvidia-backed GPU cloud provider CoreWeave surges to $19 billion valuation
CoreWeave intends to set up more of its clouds full of graphics processing units in more places around the world as it goes up against Amazon and Google.CNBC - Business -
Today's news in 10 minutes
April 26, 2024CNN - Top stories -
US-Audiobooks-Top-10
The top 10 audiobooks on AudibleABC News - Entertainment -
10 Highlights From the Venice Biennale
A tour of the international exhibition, which opened last week and runs through November.The New York Times - Top stories -
Nvidia Employees Call Founder Jensen Huang 'Demanding' and a 'Perfectionist.' Here's Why That Doesn't Bother Him
Huang agrees with employees who say he isn't easy to work for, but cites his leadership style as a feature, not a bug, of Nvidia's success.Inc. - Business -
UK ‘not exciting’ for green investors, says former climate adviser
Ex-CCC head warns Rishi Sunak’s rollback on net zero has driven investment elsewhereFinancial Times - World - United Kingdom -
Theatre funds and mega-investors edge out ‘angels’ in thriving West End
Individuals can invest as little as a few thousand into productions, but flops are an eternal riskFinancial Times - Business -
UK ‘not exciting’ for green investors, says former climate adviser
Ex-CCC head warns Rishi Sunak’s rollback on net zero has driven investment elsewhereFinancial Times - Business - United Kingdom -
Stocks Turn Higher After Powell Comments
Stocks were turning higher following the Federal Reserve’s widely expected decision to keep rates steady.The Wall Street Journal - World -
Coca-Cola and Pepsi face investors’ bubbling health concerns
Also in today’s newsletter, a new twist in the Science-Based Targets initiative dramaFinancial Times - World -
Bitcoin extends its slide to start May, falling to $57,000 as Fed leaves rates unchanged
Bitcoin slid to its lowest level in over two months to kick off May, as the Federal Reserve held interest rates steady.CNBC - Business - Federal Reserve -
Buffett Rules Out 'Eye-Popping' Returns. But Investors Aren't Listening.
Berkshire is poised to hit a $1 trillion valuation as investors gather this weekend for its annual shareholder meetingThe Wall Street Journal - World -
Apple is set to throw billions more in cash at investors as its stock slumps
Apple is expected to boost its buyback program by another $90 billion this year, while also upping its dividend.MarketWatch - Business - Apple -
Tech, Media & Telecom Roundup: Market Talk
Wolters Kluwer, Match Group and more in the latest Market Talks covering Technology, Media and Telecom.The Wall Street Journal - World -
One Tech Tip: How to repair an electric toothbrush
Toothbrushes used to be simple, powered only by your hand so they never broke downABC News - Tech -
Glencore Sees Strong Trading Performance
Glencore backed its full-year targets across its portfolio and said it expected earnings from its trading arm to be at the top end of its annual target range.The Wall Street Journal - Business -
More Americans see China as an 'enemy'
Americans are increasingly viewing China as an “enemy” of the U.S., according to a new survey. The survey, from the Pew Research Center, found 42 percent of Americans said they think China is an “enemy” to their country, up 4 points from last year ...The Hill - Politics - China