Media Company Stock Jumps
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What to Do When Your Company's Mission Isn't Enough
State Bags began with a one-for-one giving back mission to support kids. But an epiphany left them wondering: Is this the best we can do?Inc. - Business -
Voice Actors Sue Company Whose AI Sounds Like Them
Two voice actors say an A.I. company created clones of their voices without their permission. Now they’re suing. The company denies it did anything wrong.The New York Times - Top stories -
Vantage, Our Cruise Company, Went Bankrupt. We Are Out $17,905.
A couple purchased an Arabian Sea voyage, but Vantage, the cruise company, went under. Their travel insurance was supposed to cover financial default, but the claim was repeatedly denied.The New York Times - Business -
U.S. citizen accused of helping North Korean IT workers infiltrate U.S. companies
Prosecutors said some of the affected companies were Fortune 500 corporations, including a major TV network, a defense company, and a car maker.CBS News - Top stories -
Voice Actors Sue Company Whose AI Sounds Like Them
Two voice actors say an A.I. company created clones of their voices without their permission. Now they’re suing. The company denies it did anything wrong.The New York Times - Tech -
UK water companies embrace PFI to deliver £14bn of infrastructure
Ofwat encourages debt-laden utilities to set up entities to deliver reservoirs and pipelinesFinancial Times - World - United Kingdom -
Some A.I. Companies Face a New Accusation: ‘Open Washing’
An accusation against some A.I. companies that they are using the “open source” label too loosely.The New York Times - Business -
Water company boss defends multi-million pay packet
The water firm made 60,000 sewage spills last year but insists river quality is improving.BBC News - Top stories -
As Tesla layoffs continue, here are 600 jobs the company cut in California
The latest wave of Tesla layoffs hit an array of departments, impacting factory workers, software developers and robotics engineers. Read the WARN filing here.CNBC - Business - California -
As Tesla layoffs continue, here are 600 jobs the company cut in California
As part of Tesla’s massive restructuring, the electric-vehicle maker notified the California Employment Development Department this week that it’s cutting approximately 600 more employees at its manufacturing facilities and engineering offices ...NBC News - Top stories - California -
GTA Parent Company Explains Why It Just Canceled Games
Take-Two president Karl Slatoff has discussed the company's recent decision to cancel games as part of a wider restructuring effort that also included layoffs. . During an earnings briefing, Slatoff observed that, across the video game industry, ...GameSpot - Tech -
3 Things I've Learned to Do Before Acquiring Another Company
Here's why most acquisitions fail.Inc. - Business -
US companies find borrowing conditions improving as markets rally
Chicago Fed’s index of financial conditions falls to lowest level since January 2022Financial Times - Business -
AI companies seek big profits from ‘small’ language models
Microsoft, Meta and Google have released new versions with fewer ‘parameters’ that are cheaper to build and trainFinancial Times - Business - Artificial Intelligence -
Why Levain Bakery's Co-Founders Let Their Company Rise Slowly
The women behind America's favorite cookie, Pam Weekes and Connie McDonald, have a different view of scaling.Inc. - Business -
Companies are trying to attract more smartphone users across Africa. But there are risks
Internet-enabled phones can play a unique role in sub-Saharan Africa, where infrastructure and public services are among the world’s least developedABC News - Tech -
Airbnb CEO discusses what’s in store for the company ahead of summer travel season
Airbnb CEO Brian Chesky sat down with NBC News’ Hallie Jackson ahead of the busy summer travel season to discuss what’s in store for the company and respond to recent concerns from customers over fees and higher prices.NBC News - Top stories -
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 -
Canada Goose’s stock soars as earnings beat offsets soft guidance
Canada Goose says it will focus on expanding its core product line beyond the parka, and change its approach to marketing by investing in direct-to-consumer operations.MarketWatch - 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 -
Why the post-Fed stock-market rally is raising fresh inflation questions
The issue is whether Fed Chair Jerome Powell’s post-meeting remarks on May 1 — in which he said the central bank’s next move is “unlikely” to be a rate hike — are now easing financial conditions by so much that this ends up stalling progress on ...MarketWatch - Business -
These behavioral trends drove the GameStop and AMC meme-stock rally
The meme-stock rally that lifted shares of GameStop Corp. and AMC Entertainment Holdings Inc. this week tapped into a range of human behaviors, according to behavioral finance expert Victor Ricciardi.MarketWatch - Business -
Stock market looks strong enough to stay in this higher orbit
Momentum has taken over the moment.MarketWatch - Business -
Chubb raises dividend 5.8% after Berkshire-related stock boost
Chubb on Thursday raised its dividend 5.8%, which the company said marked its 31st consecutive hike.MarketWatch - Business -
Cramer picks two 'winning' footwear stocks in a ‘nightmare’ athletic apparel market
CNBC's Jim Cramer on Thursday picked two footwear stocks he thinks are headed for success: On Holding and Deckers Outdoor.CNBC - Business -
Walmart’s stock surges to record after a grand-slam earnings report
Walmart’s stock rallied into record territory Thursday, after the discount retail giant hit a grand slam with its fiscal first-quarter earnings report, boosted by a big jump in e-commerce sales.MarketWatch - Business -
Cramer says these 10 stocks helped the Dow briefly crack 40,000
CNBC's Jim Cramer listed ten stocks that helped the Dow Jones Industrial Average briefly top 40,000 on Thursday, a new high for the index.CNBC - Business -
Crown Electrokinetics’ ‘meme’ stock rockets again on massive volume
Crown Electrokinetics’ stock continued its rocket ride higher on heavy volume Friday, with the smart-glass technology company saying there’s no explanation for the recent “meme”-like activity.MarketWatch - Business -
Tilray to sell a large block of stock as it preps for cannabis reclassification
Tilray Brands is getting ready for marijuana to be reclassified as a less dangerous drug in the U.S., as the cannabis company is looking to raise money through the sale of shares so it can expand.MarketWatch - Business -
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 -
Jim Cramer's top 10 things to watch in the stock market Friday
Wall Street heads for a flat open Friday. Reddit shares jump in the premarket while Cracker Barrel slides.CNBC - Business -
Robinhood’s stock rockets as BofA sees retail renaissance in ‘early innings’
BofA double upgraded Robinhood shares while abandoning its bearish call on Coinbase’s stock.MarketWatch - Business -
Is the meme-stock frenzy over already? Possibly, say experts.
Also, Best New Ideas in Money is back, Walmart had blowout earnings and AI is still buzzy.MarketWatch - Business -
How Bronny James improved his draft stock at the NBA combine
James' performance in front of NBA executives and scouts helped him jump to No. 54 in ESPN's Top 100 rankings.ESPN - Sports - NBA -
The best and the worst sectors in the stock market in this recording-setting week
Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.CNBC - Business -
The Score: GameStop, Walmart, Reddit and More Stocks That Defined the Week
Here are some of the major companies whose stocks moved on the week’s news.The Wall Street Journal - World -
Market Froth Is Getting Extreme. Just Look at Meme Stocks.
When there’s a lot of money sloshing around the economy, it’s easy for new ideas to attract speculative money—and some of those ideas are just dumbThe Wall Street Journal - World -
Here are the portfolio's top 5 performers in a record-setting week for stocks
The Dow closed above the 40,000 level for the first time, while the S&P 500 and Nasdaq Composite both hit records earlier in the week.CNBC - Business -
Global investors wake up to cheap UK stocks as takeover activity rises
Jupiter Asset Management boss says London-listed shares are ‘cheapest they have been in 50 years’Financial Times - Business - United Kingdom -
Want to Buy SpaceX Stock? You Have to Know Someone
Shares in Elon Musk’s rocket and satellite company are a hot ticket for investors, but SpaceX tightly controls access.The Wall Street Journal - World