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The company that lost 99% of its value now has an explanation — a margin call
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Kansas has new abortion laws while Louisiana may block exceptions to its ban
Kansas is requiring abortion providers to share patient information with the state and increasing funds to anti-abortion centers, while bills to loosen a restrictive ban in Louisiana face an uphill battleABC News - Health - Abortion -
Upgraded Museums Add New Value at Colleges and Universities
Educational institutions across the United States are spending more money to renovate museums and make them a more integral part of learning.The New York Times - Business -
Who Lost the House GOP Majority?
Marjorie Taylor Greene will fail to oust Speaker Mike Johnson.The Wall Street Journal - World -
Amazon cost cuts drive operating margin into double digits for first time
Amazon's operating margin jumped past 10%, topping a prior high of 8.2% in 2021.CNBC - Business -
We risk a lost decade for the world’s poor
The elimination of extreme poverty is slipping from our graspFinancial Times - Business -
Newspapers accuse artificial intelligence companies of stealing content
A newly-filed lawsuit targets two of the biggest generative AI platforms in the world, Open AI, the creators of ChatGPT and Microsoft's Copilot AI program.CBS News - Top stories -
Amazon Sales Surge as Company Focuses on AI
The company reported record first-quarter sales as the AI boom powered growth in its cloud-computing unit, helping Amazon continue to shake off last year’s postpandemic slump.The Wall Street Journal - Business - Amazon -
Ex-Tesla worker says he lost job despite sacrifices, including sleeping in car
One ex-Tesla employee's post about the shock of losing his job amid a round of layoffs is sparking a workplace debate.CBS News - Top stories -
What Is a Magazine Now?
Highsnobiety is a store, a website, a production agency and a clothing line. Oh, and Pamela Anderson is on the latest cover.The New York Times - Lifestyle -
AMD boosts its outlook for AI revenue, but stock still falls
AMD lifted its outlook for its MI300 AI accelerator product, which is now expected to drive upwards of $4 billion in revenue this year.MarketWatch - Business
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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 -
Starbucks’ stock sinks 12% as ‘cautious’ consumers, more headwinds hit profit, revenue
Starbucks reported fiscal second-quarter earnings late Tuesday that were wide off the mark.MarketWatch - Business -
Pinterest’s stock soars 17% on big revenue and profit beat, 500 million monthly active users
Pinterest Inc.’s stock soared in extended trading Tuesday following quarterly results and revenue guidance that exceeded Wall Street estimates.MarketWatch - Business -
AMD boosts its outlook for AI revenue, but stock still falls
AMD lifted its outlook for its MI300 AI accelerator product, which is now expected to drive upwards of $4 billion in revenue this year.MarketWatch - Business -
From ‘Bridgerton’ to ‘Hacks’ to ‘Wrexham,’ here’s what’s worth streaming in May 2024
There’s a lot on the way — or just catch up on ‘Shogun,’ ‘Baby Reindeer,’ ‘Ripley’ and other recently released Emmy contenders.MarketWatch - Business