The Ratings Game C3ai Stock Plummets As Some Say Company Isn T Capitalizing Enough on the Ai Frenzy
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Meta stock plummets after Mark Zuckerberg touts money-losing projects
During Meta’s earnings call, Mark Zuckerberg focused on AI, the metaverse and hardware projects that aren't currently profitable, turning off investors.NBC News - Top stories - Meta -
Stock-market pessimism is climbing. Why it’s still not bad enough to imply stocks hit a bottom.
Stocks could have more room to fall before they touch bottom, says Tom Essaye, founder of Sevens Report Research.MarketWatch - Business -
IBM’s stock heads toward its worst day since 2021 after earnings
IBM’s earnings showed continued AI momentum, though overall revenue came in a bit light.MarketWatch - Business -
Meta stock plunges 15% as company plans to invest heavliy in artificial intelligence
Meta shares plunged more than 15% in extended trading on Wednesday after the company issued a light forecast, which overshadowed better-than-expected first-quarter results.NBC News - Top stories -
Oracle's Larry Ellison says planned Nashville campus will be company's 'world headquarters'
Oracle Corp. Chairman Larry Ellison says the business software giant’s planned campus in Nashville, Tennessee, will serve as its world headquarters and place it in a city that's a center of the health care industryABC News - Tech -
CARV raises $10M to build out modular data layer for gaming and AI
CARV announced that it's raised $10 million in funding to expand its modular data layer for gaming and AI.VentureBeat - Tech -
Amazon said it would let companies use their own generative artificial-intelligence models inside its AI app development platform.
Amazon said it would let companies use their own generative artificial-intelligence models inside its AI app development platform.The Wall Street Journal - World -
Cramer says the pull of the bond market is worrying, so keep some cash on hand
CNBC's Jim Cramer told investors to keep some cash on hand.CNBC - Business -
Meta says revenue will be weak as it spends even more on AI
Push to integrate AI into Meta products boosts financial results, but share prices tumble with weak sales forecast. Meta’s drive to integrate artificial intelligence into its products yielded strong financial results for the second quarter in a ...The Guardian - World -
AI could kill off most call centres, says Tata Consultancy Services head
Chatbots will soon take over much of the work of human agents, forecasts chief of Indian IT groupFinancial Times - Business - Artificial Intelligence -
How a Pirate-Clad Pastor Helped Ignite Trump Media’s Market Frenzy
Chad Nedohin, a part-time pastor, is among the fans of Donald J. Trump who helped turn Trump Media into a meme stock with volatile prices.The New York Times - Business - Donald Trump -
16 Best Recycled and Upcycled Clothes (2024): Leggings, Sneakers, T-shirts
Who knew plastic bottles could look (and feel) this good? These leggings, shoes, and other apparel help keep waste out of landfills.Wired - Tech -
Bank of Canada Officials Split on How Soon Rate Cuts Could Start, Minutes Say
Senior Bank of Canada officials were divided on how soon the central bank could start cutting interest rates, although they agreed cuts should proceed gradually given the risk of inflation reaccelerating, according to a summary of deliberations ...The Wall Street Journal - World -
Knicks vs. 76ers: Tom Thibodeau discusses Game 2 controversy, says he 'knew they couldn't call a foul there'
New York's coach added he's more concerned with the '46-minute report' than the Last Two Minute ReportCBS Sports - Sports - NBA -
Employee stock purchase plans offer 'free money' — but also carry complexity and risk, experts say
If you work for a publicly traded company, you may have access to discounted company shares via an employee stock purchase plan, or ESPP. Here's what to know.CNBC - Business -
In Silicon Valley, You Can Be Worth Billions and It’s Not Enough
Andreas Bechtolsheim, the first investor in Google, has an estimated $16 billion fortune. He recently settled charges that he engaged in insider trading for a profit of $415,726.The New York Times - Tech -
AI could kill off most call centres, says Tata Consultancy Services head
Chatbots will soon take over much of the work of human agents, forecasts chief of Indian IT groupFinancial Times - World - Artificial Intelligence -
'Just not good enough' - Klopp takes blame for derby defeat
Liverpool manager Jurgen Klopp says his side were "just not good enough" in their 2-0 Premier League defeat to Merseyside rivals Everton at Goodison Park.BBC News - Top stories -
Mercer Raises $3.9 Billion for Multi-Asset Private Capital Fund
Private Investment Partners VII is designed to provide broad private markets exposure to investors that lack the internal resources to identify the best managers.The Wall Street Journal - World -
‘Not good enough’: Klopp apologises for Liverpool’s derby defeat at Everton
Manager admits only ‘crisis’ at rivals will keep team in title raceKlopp: ‘We never lost here before and that feels really different’Jürgen Klopp apologised for Liverpool’s first Merseyside derby defeat at Everton in 14 years and admitted his team ...The Guardian - World -
For Beaten-Down Maker of Alzheimer's Drug, Good Enough Will Do
In-line sales for Alzheimer’s drug Leqembi and a beat for rare-disease drug Skyclarys has Wall Street giving Biogen another chance.The Wall Street Journal - World -
The National Enquirer’s Parent Company Struggles To Find A Buyer
The parent company for The Enquirer, the tabloid now famous for its ties to former President Donald J. Trump, has tried repeatedly to sell the publication. It hasn’t been easy.The New York Times - Business -
Some Anti-Israel Protesters Are Paid
Rockefeller and Soros grants are subsidizing those who disrupt college campuses.The Wall Street Journal - World - Israel -
Martian skies over Athens? Greece’s capital turns an orange hue with dust clouds from North Africa
Yahoo News - World -
Capital One-Discover merger comment period extended by Feds in move seen as routine
A comment period extension for the blockbuster $35 billion acquisition of Discover Financial Services by Capital One Financial Corp. isn’t a signal that the deal will be spiked for being anti-competitive, analysts said.MarketWatch - Business -
A Dangerous Game Is Underway in Asia
The new alliance structure Washington is pursuing in Asia won’t guarantee peace and stability — and may raise the risk of stumbling into a conflict.The New York Times - Top stories -
Stocks Fall After GDP, Inflation Data
Stocks fell sharply after data showed the U.S. economy slowed in the first quarter. Nasdaq posted the biggest losses as Meta dragged down the wider tech sector.The Wall Street Journal - World -
Tesla’s Earnings Highlight the Company’s Biggest Problem. It’s a Cautionary Tale for Every Leader
Be careful making promises you might not be able to keep.Inc. - Business -
Altria’s earnings top estimates and tobacco company reaffirms full-year guidance
Altria Group Inc. matched profit estimates for the first quarter, while revenue net of excise taxes squeezed a small beat and the company backed its full-year guidance, reiterating its stance that there will be limited impact from enforcement ...MarketWatch - Business -
U.S. Stocks Trade Lower
Stocks gave up early gains and turned lower. Tesla shares rose, helping the Nasdaq. The tech-heavy index has moved between gains and losses ahead of more big-tech earnings, including Meta due after the close.The Wall Street Journal - World -
Does a fixed-rate HELOC make sense in today's elevated rate environment?
There are benefits to considering a fixed-rate HELOC in today's economic climate, but there are downsides, too.CBS News - Top stories -
Blackstone struck a deal to acquire restaurant franchiser Tropical Smoothie Cafe from Levine Leichtman Capital for nearly $2 billion, including debt.
Blackstone struck a deal to acquire restaurant franchiser Tropical Smoothie Cafe from Levine Leichtman Capital for nearly $2 billion, including debt.The Wall Street Journal - World -
It’s not only AI that hallucinates
Human memory is also fallible but people and machines can learn to complement each otherFinancial Times - Business -
Tennessee lawmakers join movement allowing some teachers to take guns into schools
Some public school teachers could gain new powers to bring concealed guns into Tennessee schoolsABC News - Health -
UAW's Tennessee win fuels backers' hopes in the South, but some skeptics are unmoved
The labor fight heads next to a Mercedes plant in Alabama, where one worker said “people on the floor think we’re going to win" despite vocal opposition.NBC News - Top stories -
Some prospects may be better off not hearing their names called
Numbers from the last 20 years suggest players still on the board after the NFL Draft's third round might be better off going undrafted entirely.Yahoo Sports - Sports -
Zuckerberg burns some goodwill on Wall Street as he plows forward with the metaverse
Investors clearly also concerned that Meta’s spending will include a lot more on virtual and augmented reality.MarketWatch - Business -
New crash test results raise concern for some small SUVs
The Insurance Institute for Highway Safety has updated its testing of vehicles’ ability to avoid crashes. The results show there is some concern for smaller SUVs, as most models did not do well.CBS News - Top stories -
What the End of Negative Rates Means for Japan
The world’s fourth-largest economy is entering a new era, and there’s a lot at stake.The Wall Street Journal - World - Japan -
U.S. Fertility Rate Falls to Record Low
Fewer babies were born in the U.S. in 2023 than any year since 1979.The Wall Street Journal - World