Meta sees AI spending accelerating as earnings top forecasts

Beyond AI, AMD and Intel earnings will hit on another important trend

Next week, as the technology sector earnings reporting season begins in full force, the results from two rival chip makers, Intel Corp. and Advanced Micro Devices Inc., will give investors data on ...

Business - MarketWatch - 4 days ago

Some Storm Victims Seeing $1,000 Disaster Aid Through AI

The nonprofit GiveDirectly intends to send direct payments of $1,000 to households impacted by Hurricanes Helene and Milton.

Business - Inc. - 5 days ago

Walgreens says it will close 1,200 stores by 2027, as earnings top estimates

The drugstore chain Walgreens said it plans to close roughly 1,200 stores over the next three years, which includes 500 closures in fiscal 2025 alone.

Business - CNBC - October 15

Coca-Cola tops earnings estimates, as higher prices offset sluggish demand

Shares of Coke have climbed 18% this year, raising the company's market value to nearly $300 billion.

Business - CNBC - October 23

Biogen’s stock hit by soft sales of Alzheimer’s treatment

“We continue to see momentum with ongoing product launches and we are increasingly excited about the potential of our pipeline,” the company’s CEO said.

Business - MarketWatch - 11 hours ago

Microsoft reports quarterly sales up 16% to $65.6 billion as investors ask if AI spending worth it

Microsoft on Wednesday reported its quarterly sales grew 16% to $65.6 billion as the company sought to assure investors its huge spending on artificial intelligence is paying off

Tech - ABC News - 1 hour ago

2 in 5 U.S. credit card holders have topped out their spending limit

Lower-income earners and older people are more likely to say they've maxed out a card since the Fed starting hiking interest rates.

Nvidia closes at record as AI chipmaker's market cap tops $3.4 trillion

Nvidia shares closed at an all-time high on Monday as the chipmaker continues to ride a massive wave of demand for its artificial intelligence chips.

Business - CNBC - October 14

AI deepfakes a top concern for election officials with voting underway

State election officials in political battleground states say they are bracing for the unpredictable and emergent threat posed by artificial intelligence, or AI.

How X users can earn thousands from US election misinformation and AI images

The accounts are part of pro-Trump and pro-Harris networks sharing each other’s content multiple times a day.

Nvidia’s stock sets one record but falls short of another

While TSMC issued upbeat commentary on the state of the AI market, Wall Street perhaps already had that confidence.

Business - MarketWatch - October 17

Filmmakers Are Worried About AI. Big Tech Wants Them to See ‘What's Possible’

Amazon is hosting AI filmmaking competitions. Meta is letting directors test Movie Gen. As tech companies develop new tools, they need filmmakers to show they can be used responsibly.

Tech - Wired - October 17

Reddit’s Sees First-Ever Profit as Explosive User Growth and AI Tools Help it Soar

The social discussion platform beat Wall Street analyst forecasts, with quarterly sales results better than 10 percent above estimates.

Business - Inc. - 9 hours ago

College basketball rankings: Kansas earns No. 1 spot in preseason AP Top 25 poll ahead of Alabama, UConn

The Big 12 has three of the top five and five of the top 10 teams in the preseason poll

Sports - CBS Sports - October 14

GM stock has best day since 2020 after automaker tops Wall Street's third-quarter expectations, raises guidance

GM's quarterly report comes just two weeks after an investor day in which the company indicated its earnings strength is expected to continue into next year.

Business - CNBC - October 22

Bitcoin rises 3% after topping $73,000 for the first time since March

Bitcoin has struggled to reclaim the $70,000 level this year after reaching a record of $73,797.68 in March.

Business - CNBC - Yesterday

Pfizer tops earnings estimates, hikes full-year guidance as Covid products help sales

It is a critical quarterly report for Pfizer, which is grappling with activist pressure from Starboard Value.

Business - CNBC - Yesterday

Carvana raises 2024 earnings guidance after topping Wall Street's Q3 expectations

Carvana said its adjusted EBITDA would be "significantly above the high end" of its previous target of $1 billion to $1.2 billion.

Business - CNBC - 6 hours ago

Carmel, Indiana is the best small city in America for affordability, education and quality of life—see the full top 10

WalletHub compared 1,318 cities across five key categories in order to rank the best small cities in America.

Business - CNBC - October 16

Israel says it has killed Hamas leader Yahya Sinwar in Gaza

The Israeli military says it has killed Hamas’ top leader Yahya Sinwar during a battle in Gaza

World - ABC News - October 17

'I would hope' Netanyahu sees Sinwar’s death as a turning point: top House Intel Cmte. Democrat

Ranking Member of the House Intelligence Committee Rep. Jim Himes (D-Conn.) joins Meet the Press NOW to discuss how the death of Hamas leader Yahya Sinwar will impact a potential ceasefire agreement.

Politics - NBC News - October 18

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