Nvidia drops 10% as investors see risk in Big Tech shares
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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 -
Schumer’s slow-walk on AI ‘regulation’ is a nothing but a boon for Big Tech
, Sen. Schumer has burned another year and wasted another opportunity to advance the conversation, as the dangers of AI overreach and huge corporate concentration have grown more grave.The Hill - Politics -
The sudden revival of GameStop mania comes just as the U.S. financial industry is racing to fix a big problem with the market's plumbing that roiled investors during the original meme-stock craze in 2021.
The sudden revival of GameStop mania comes just as the U.S. financial industry is racing to fix a big problem with the market’s plumbing that roiled investors during the original meme-stock craze in 2021.The Wall Street Journal - World -
One Tech Tip: Protecting your car from the growing risk of keyless vehicle thefts
Auto technology has evolvedABC News - Tech -
Investors Are Striking Gold All Over
Investors have rarely had it this good, with prices of everything from homes to stocks and cryptocurrencies soaring.The Wall Street Journal - World -
2024 NFL schedule release: Ranking 10 must-see games, including Jets-49ers opener, Harbaugh Bowl
These dates are already etched into our calendarCBS Sports - Sports - NFL -
Individual investors made 30% of GameStop trades on Monday
As the stock prices of GameStop and AMC skyrocket, so does the number of people trading those shares.MarketWatch - Business -
Under Armour to Slash Jobs, Warns of Revenue Drop
CEO Kevin Plank said the sportswear brand has tried to do “too much of too much” and will focus on selling fewer products on discounts.The Wall Street Journal - World -
Under Armour to Slash Jobs, Warns of Revenue Drop
CEO Kevin Plank said the sportswear brand has tried to do “too much of too much” and will focus on selling fewer products on discounts.The Wall Street Journal - Business -
AMD supplants Nvidia as this analyst’s top chip stock — but he still likes both
AMD’s stock advances as Wolfe Research writes positively of the company’s AI traction.MarketWatch - Business -
FirstFT: Investors pull money from Starwood $10bn property fund
Also in today’s newsletter, Shein switches IPO plans from New York to London and Pfizer hopes to settle thousands of lawsuitsFinancial Times - World -
EasyJet’s new pilot faces a fight to convince investors on growth
Nerves about the airline industry are never far awayFinancial Times - Business -
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Nikkei Falls 0.3%, Dragged by Tech, Chemical Stocks
The Nikkei Stock Average closed 0.3% lower at 38787.38 as falls in tech and chemical stocks offset gains in auto and bank shares.The Wall Street Journal - World -
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The church of Warren Buffett: Why thousands of investors flock to Omaha to be near the investing genius
Tens of thousands of investors attended the Berkshire Hathaway shareholders meeting in Omaha, Nebraska this year. I went to see what they were all doing there.CNBC - Business -
U.S. oil prices settle at one-week high on post-CPI relief rally and drop in crude supplies
U.S. oil prices settled at their highest level in a week on Thursday, extending a relief rally sparked by data showing a slowdown in key U.S. inflation data.MarketWatch - Business -
Britain risks throttling a golden goose
By restricting student visas, the UK is endangering its world-class university sectorFinancial Times - World - United Kingdom -
Tech, Media & Telecom Roundup: Market Talk
Find insights on Cummins, Lightspeed Commerce, Take-Two Interactive Software, and more in the latest Market Talks covering Technology, Media and Telecom.The Wall Street Journal - World -
Hunter, Ewers, Edwards share video game cover
Colorado two-way star Travis Hunter, Texas quarterback Quinn Ewers and Michigan running back Donovan Edwards are sharing the cover of EA Sports College Football 25, set to be released July 19.ESPN - Sports -
Reddit shares climb on ChatGPT deal with OpenAI
Shares of Reddit Inc. rose about 12% in extended trading Thursday after the social-media platform announced a partnership with OpenAI.MarketWatch - Business -
Reddit shares surge as it strikes content deal with OpenAI
Agreement comes as competition for high-quality data to underpin AI models intensifiesFinancial Times - Business -
Elected officials share personal mental health struggles
Sen. John Fetterman of Pennsylvania and Harris County Texas Judge Lina Hildago are some of the most outspoken elected officials telling Americans it's okay to not be okay. Both officials have taken leaves of absence for their mental health ...CBS News - Top stories -
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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 -