U.S. Stocks Slide On Tech Weakness
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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 -
Deere’s stock slides after agriculture equipment maker again lowers guidance
Deere & Co. Inc.’s stock tumbled 3.5% early Thursday, after the maker of agricultural and construction machinery posted better-than-expected earnings for its fiscal second quarter but offered guidance that fell short of estimates.MarketWatch - Business -
GameStop’s stock slides premarket after company issues profit warning, files to issue more shares
GameStop Corp.’s stock fell 19% early Friday, after the videogame retailer and key meme stock issued a profit and sales warning for the first quarter and filed to sell new shares.MarketWatch - Business -
How to own Big Tech and stay diversified, plus learning more about stock buybacks
Yes, it's possible to have a diversified portfolio with three mega-cap stocks in your top five.CNBC - 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 -
UK stocks are outperforming the U.S. and one CIO says they look 'very cheap'
The U.K. FTSE 100 is up around 11% over the last three months, while the broader FTSE 250 index is more than 9% higher.CNBC - Business - United Kingdom -
U.S. travelers are hungry for international travel. These stocks will likely benefit.
“Airports are bracing for a spike in travelers.”MarketWatch - Business -
Activists sue Russia over ‘weak’ climate policy
Russian constitutional court is considering claim, which activists hope will raise awareness about emissions. A group of activists are fighting for the right to scrutinise Russia’s climate policies, and in particular its enormous methane ...The Guardian - World - Climate -
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 -
Biogen and Ionis Pharma shares slide as they end development of ALS treatment
The move comes after early-stage trial failed to result in a clear signal it slowed the disease process.MarketWatch - Business -
Republican candidate's 'weak and gay' campaign ad sparks comedic pushback
Valentina Gomez, a candidate for Missouri secretary of state, shared a video on social media advising her supporters to stay hard, not "weak and gay."NBC News - Top stories -
Biden and Trump are both betting on debates to help magnify the other’s weaknesses
Trump will look to again cast Biden as greatly diminished while Biden will aim to remind voters why they rejected Trump in 2020. US politics live – latest updatesSign up for The Stakes, our US elections newsletterIt’s game on for a pair of ...The Guardian - World - Joe Biden -
Japan's Beef With a Weak Yen: The Best Wagyu Is Just for the Tourists
The nation’s pride takes a hit as dollar-wielding visitors enjoy pleasures few locals can afford.The Wall Street Journal - World -
Biden confronts 2024 weak spots with young, Black voters at Morehouse commencement
President Joe Biden's Black voter support has fallen since the 2020 election, while former President Donald Trump's has increased, according to recent polls.CNBC - Business - Joe Biden -
The all-American cheat sheet to Europe’s trade weak spots
Hit ’em in the prawnsFinancial Times - World -
RenderATL is a tech conference dedicated to diverse perspectives in Atlanta
RenderATL is a different kind of tech conference that is far away from the tech heartland of Silicon Valley.VentureBeat - Tech -
Tech, Media & Telecom Roundup: Market Talk
Read about Freightos, Baidu and more in the latest Market Talks covering Technology, Media and Telecom.The Wall Street Journal - World -
Superflex Mock Draft Recap: Patrick Mahomes is still QB1, Caleb Williams and other rookie quarterbacks slide
Plus, find out where rookie wide receivers Marvin Harrison Jr. and Malik Nabers were selectedCBS Sports - Sports - NFL -
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Meta slapped with child safety probe under sweeping EU tech law
Facebook parent company Meta on Thursday was hit with a major investigation from the EU into risks of its platforms to minors.CNBC - Business - European Union -
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 -
What I Got Wrong in a Decade of Predicting the Future of Tech
Over nearly 500 articles, I’ve made plenty of mistakes. Here are five big lessons those blown calls and boneheaded pronouncements have taught me along the way.The Wall Street Journal - Tech -
Musk, Bezos, Zuckerberg and other tech titans stand in the way of the common good
What better lesson in inequality is there today than that of the extraordinary rise of the tech titans, who have harnessed technology to accumulate unimaginable wealth and power and yet prevented it from benefitting the common good?MarketWatch - Business -
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China’s ‘AI-in-a-box’ products threaten Big Tech’s cloud growth strategies
Huawei leads trend of providing companies with means to power their own artificial intelligence apps rather than through public cloudFinancial Times - World - China -
Facebook Parent's Plan to Win AI Race: Give Its Tech Away Free
Meta Platforms CEO Mark Zuckerberg has trained his “Eye of Sauron” on its artificial-intelligence strategy, which comes with risks.The Wall Street Journal - Tech - Facebook -
Why tech billionaires are trying to create a new California city
A group of Silicon Valley investors is behind the purchase of some 60,000 acres of farmland, as part of an ambitious plan to build a brand-new walkable city in the nation's most car-centric state. But will voters approve?CBS News - Top stories - California -
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GameStop shares fell 20% after the videogame retailer said that it would sell up to 45 million more shares and that sales were continuing to slide sharply.
GameStop shares fell 20% after the videogame retailer said that it would sell up to 45 million more shares and that sales were continuing to slide sharply.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 -
Nasdaq, S&P 500 Advance to Start Week
Stocks rose, with technology shares leading the way higher as the S&P 500 and Nasdaq Composite sought fresh record highs.The Wall Street Journal - World -
Sony Music warns global tech and streamers over AI use of its artists
Music group representing Adele and Beyoncé contacts more than 700 companies to prohibit use of contentFinancial Times - Business -
One Tech Tip: Protecting your car from the growing risk of keyless vehicle thefts
Auto technology has evolvedABC News - Tech -
‘An AI-fueled equity bubble’ will see big tech lead the charge in coming months
Big tech can once again be the market’s crown jewels says Capital EconomicsMarketWatch - Business -
Sony Music warns tech companies: Don't use our music to train your AI
Sony Music Group is sending more than 700 letters to tech companies and music streaming services, calling on them to not use its music to train AI without authorization from the label.Los Angeles Times - Entertainment -
$9 billion travel tech firm Navan on track to hit profitability this year and 'not far' from IPO, CEO says
The boss of travel and expense management platform Navan told CNBC he's preparing the company to get its business into shape for an IPO this year.CNBC - Business -
Power demand from AI, EVs and Big Tech is now the energy sector’s No. 1 concern
If power systems fail, it’s lights out for the entire economy.MarketWatch - Business -
How micro1’s AI interviewer could make tech hiring more efficient and fair
Micro1 launches AI-powered technical interviewer to help companies efficiently screen software engineering candidates, generating custom questions, conducting interviews, and providing assessment reports.VentureBeat - Tech -
Walmart Stock Hits Record Close on Strong Quarter
The largest U.S. retailer had robust quarterly results and an upbeat outlook, giving insight into how consumers are weathering high interest rates.The New York Times - Business -
Applied Materials’ stock dips despite upbeat earnings
The chip-equipment company’s revenue outlook exceeded expectations at the midpoint.MarketWatch - Business