Tensions Rise in Silicon Valley over Sales of Startup Stocks
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Behind Zuckerberg's contrarian strategy to give away Meta's artificial-intelligence technology is a bet that making Silicon Valley's hottest new offering free will drive down competitors' prices and spread Meta's version more broadly.
Behind Zuckerberg’s contrarian strategy to give away Meta’s artificial-intelligence technology is a bet that making Silicon Valley’s hottest new offering free will drive down competitors’ prices and spread Meta’s version more broadly.The Wall Street Journal - World -
GameStop Shares Retreat on Declining Revenue, Stock Sale
The videogame retailer filed to sell up to 45 million more shares after projecting quarterly sales to drop.The Wall Street Journal - World -
GameStop Shares Retreat on Declining Revenue, Stock Sale
The videogame retailer filed to sell up to 45 million more shares after projecting quarterly sales to drop.The Wall Street Journal - Business -
Cannabis stocks rise as U.S. moves to reclassify pot as less dangerous
Cannabis companies including Cresco Labs, Trulieve and Ayr Wellness post solid gainsMarketWatch - Business -
Global investors wake up to cheap UK stocks as takeover activity rises
Jupiter Asset Management boss says London-listed shares are ‘cheapest they have been in 50 years’Financial Times - Business - United Kingdom -
Stocks may rise into the summer. These 3 risks could derail the rally.
Given how stocks have reacted to the latest flurry of mixed economic data, a summertime rally feels almost inevitable. Still, investors would be remiss not to consider the myriad risks that could possibly derail it.MarketWatch - Business -
Tensions boil over as Michael Cohen, Trump attorney spar during cross-exam
NEW YORK — Former President Trump’s attorney hammered Michael Cohen on Thursday as tensions in the courtroom boiled over on the second day of intense cross-examination of prosecutors’ star witness. For hours, Todd Blanche, Trump’s lead defense ...The Hill - Politics - Donald Trump -
GameStop Stock Slides on Plans for Share Sale, Weak Revenue
Shares of the videogame maker declined 25% after it said it plans to sell up to 45 million shares. GameStop has 306 million shares outstanding.The Wall Street Journal - World -
NBA Draft Combine reactions: Edey oh my, Bronny James is ready & whose stock is rising? | On the Clock with Krysten Peek
Yahoo Sports NBA draft expert Krysten Peek is back for another season of On the Clock with Krysten Peek. Krysten just spent the week in Chicago at the NBA Draft Combine and kicks off draft season joined by CBS Sports' Kyle Boone.Yahoo Sports - Sports -
Is the meme-stock frenzy over already? Possibly, say experts.
Also, Best New Ideas in Money is back, Walmart had blowout earnings and AI is still buzzy.MarketWatch - Business -
Harrison Butker’s jersey sales rise as right wing lauds Chiefs kicker after rant
Josh Hawley among conservatives delighted by football player’s commencement speech pummeling Pride and working women . Harrison Butker’s university commencement address at Benedictine College excoriating Pride month, working women, abortion rights ...The Guardian - World -
GameStop shares fall 20% after it files to sell additional stock, says first quarter sales dropped
GameStop said it plans to sell securities and reported preliminary results that showed a drop in first-quarter sales.CNBC - Business -
‘Modi builds highways but where are our jobs?’: rising inequality looms over India’s election
While the number of Indian billionaires soars, growing unemployment has become a big problem for the BJP as it campaigns for a third term. It wasn’t even the real wedding, just the pre-wedding party. But that didn’t stop India’s richest ...The Guardian - World -
Disney Dreamlight Valley: How To Ride The Rides
Disney Dreamlight Valley has a myriad of ways in which you can interact with its world, but you haven't always been able to ride any of the rides you decorated your valley with. But thanks to the Thrills & Frills update, you can now hop on any of ...GameSpot - Tech - Walt Disney -
Chinese search-engine giant Baidu reported a drop in quarterly profit, but beat estimates, helped by stable online marketing revenue and rising sales from its AI Cloud business.
Chinese search-engine giant Baidu reported a drop in quarterly profit, but beat estimates, helped by stable online marketing revenue and rising sales from its AI Cloud business.The Wall Street Journal - World -
An Nvidia Co-Founder's Latest Bet: Making 'Quantum Valley' in New York
Curtis Priem is donating more than $75 million to help Rensselaer Polytechnic Institute become a hub for a cutting-edge technology.The Wall Street Journal - Tech - New York -
God Inc.---Church Startups Spread Franchise Model Across U.S.
Entrepreneurial networks offer money and training to aspiring church founders, sprouting new places of worship as traditional congregations shrink.The Wall Street Journal - World -
Here's Why Hugging Face, a Startup, Is Giving Away $10 Million in Computer Power for AI Startups
As entire companies like Google pivotto embrace artificial intelligence, smaller AI companies risk losing access tothe kind of computer power that billions of dollarscan buy.Inc. - Business -
Putin meets Xi as Russia-China ties flourish amid tension with U.S.
Xi Jinping welcomes Vladimir Putin to Beijing - talking peace in Ukraine amid a backdrop of war and growing tension with the U.S. and NATO.CBS News - Politics - China -
Microsoft Asks Some China Staff to Relocate Amid Sino-US Tensions
The group of mostly Chinese nationals work on cloud computing and machine learning, which are now flashpoints in the growing U.S.-China rivalry.Inc. - Business - China -
The quiet Japanese island paradise on the frontline of growing Taiwan-China tensions
Yonaguni is a tourist hotspot – but its location just 100km from Taiwan means residents must wrestle with the creeping militarisation of their home. In the minds of many Japanese people, Yonaguni is a sleepy paradise of crystal-clear sea and ...The Guardian - World - China -
A New Centrism Is Rising in Washington
Call it neopopulism: a bipartisan attitude that mistrusts the free-market ethos instead of embracing it.The New York Times - Top stories -
Meme stock latest
Game overFinancial Times - Business -
113-year-old tower in Death Valley National Park felled by traveler trying to get vehicle out of mud
A historic wooden tower was inadvertently felled by a traveler who used it to winch a vehicle stuck in mud in California's Death Valley National Park, federal officials said.NBC News - Top stories -
113-Year-Old Death Valley Salt Tram Tower Toppled by Driver Stuck in Mud
A traveler used the tower as an anchor to try to pull out a pickup that was stuck in mud at the national park in California.The New York Times - Top stories -
How Zola's Co-founder Led the Startup During Its Earliest Days
Shan-Lyn Ma focused on what was right in front of her, rather than the long term.Inc. - Business -
The WSJ Dollar Index Rises 0.2%
The WSJ Dollar Index was up 0.2% to 99.16 — snapping a three-trading-day losing streak.The Wall Street Journal - World -
Stocks Mixed After 40000 Milestone
Stocks were mixed after major U.S. markets pulled back from their record highs on Thursday.The Wall Street Journal - World - Stock Market -
Chinese Shares End Higher; Commodity Stocks Lead Gains
China’s benchmark Shanghai Composite ended 0.5% higher, as sentiment remained positive following Beijing’s stimulus measures targeting the property sector.The Wall Street Journal - World - China -
Microsoft Asks Hundreds of China-Based AI Staff to Consider Relocating Amid U.S.-China Tensions
The request comes as the Biden administration toughens controls on China’s access to cutting-edge American technology.The Wall Street Journal - Tech - China -
Taiwan's new president urges China to stop its 'intimidation' and 'choose dialogue over confrontation'
Taiwan's new President Lai Ching-te urged China to stop its hostile political and military threats against the island and work toward regional peace on Monday.CNBC - Business - China -
Bidet sales are flush with success
Bidets are common in Asia but are only just now catching on in America. Contributor Kelefa Sanneh finds out what's behind this recent stateside surge in interest and checks out some of the options from Toto, the global leader in bidet sales.CBS News - Top stories - Joe Biden -
Despite Inflation Concerns, Markets Keep Rising
Stocks on both sides of the Atlantic set records as investors foresee interest rates moving in one direction: down.The New York Times - Business -
Comex Gold Settles Lower, Silver Rises
Gold settled 0.4% lower, snapping a two-session winning streak, and silver rose 0.5%, up for a third consecutive session.The Wall Street Journal - World -
The rise and fall of Canada's 'Crypto King' Aiden Pleterski
Yahoo News - World -
Alibaba Shares Rise as Investors Grow Confident in Outlook
The e-commerce giant’s shares rose in Hong Kong, recouping losses from a day earlier as investors turned upbeat on its latest earnings release.The Wall Street Journal - World -
Dow rises above 40,000 for first time in history
For the first time ever on Thursday, the Dow Jones average rose about 40,000, providing new optimism about the economy. CBS News business analyst Jill Schlesinger breaks down what it means.CBS News - Top stories -
Confirmed cases from parasite outbreak rises to 46
Forty-six cases of a diarrhoea-type illness confirmed in Devon as company says it's located the source of entry for parasites.BBC News - Top stories -
Sunaks' wealth rises to £651m in latest rich list
Rishi Sunak and his wife Akshata Murty are richer than King Charles, according to The Sunday Times.BBC News - Top stories -
Alibaba Shares Rise as Investors Grow Confident in Outlook
The e-commerce giant’s shares rose in Hong Kong, recouping losses from a day earlier as investors turned upbeat on its latest earnings release.The Wall Street Journal - Business