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Skechers stock soars 10% after earnings crush estimates and company offers upbeat guidance
Skechers Inc.’s stock soared 7% in after-hours trade Thursday, after the athletic footwear company swept past earnings estimates for the first quarter.MarketWatch - Business -
Cramer praises companies like Chipotle that can grow despite a slowing economy and inflation
CNBC's Jim Cramer said companies that perpetually generate "self-help" are poised to do well in this market.CNBC - Business -
Hipgnosis agreed to an improved $1.51 billion takeover by Apollo-backed music company Concord, trumping an approach from Blackstone.
Hipgnosis agreed to an improved $1.51 billion takeover by Apollo-backed music company Concord, trumping an approach from Blackstone.The Wall Street Journal - World -
How the overseas owners of the UK’s water companies clean up by polluting our rivers | George Monbiot
Soiled seas and huge shareholder dividends: where has the £64bn borrowed by firms since privatisation gone?. So that’s how they do it. I’d been wondering how, when more sewage has been entering our rivers than ever before, some of the water ...The Guardian - World -
Nvidia jumps more than 15% this week. A key reason: what other companies are saying
A week ago, Nvidia had its third-worst day on record. Those losses have now been completely erased and then some.CNBC - Business -
Snap shares rocket 28% after company reports unexpected profit, better-than-expected revenue
Snap shares soared on Friday after the company provided uplifting results, suggesting its online ad business is getting back on track.CNBC - Business -
Congress sends Biden bill requiring TikTok's parent company to sell the platform or face a US ban
Congress sends Biden bill requiring TikTok's parent company to sell the platform or face a US banABC News - Tech - Joe Biden -
Worried about the volatility in Magnificent Seven stocks? Take a look at the companies’ short-dated bonds.
As their stocks sell off, Magnificent Seven companies’ two-year bonds are looking attractive.MarketWatch - Business -
12 portfolio companies report earnings in the week ahead. What we want to hear from each
All three major U.S. stock indexes rose this week. Earnings are once again poised drive the week ahead.CNBC - Business -
From petri dish to plate: meet the company hoping to bring lab-grown fish to the table
People want more seafood than the oceans can sustainably supply, so a German firm aims to plug that gap with cultivated fish – but are consumers ready to buy it?. The redbrick offices, just north of Hamburg’s River Elbe and a few floors below ...The Guardian - World -
Meet Nvidia CEO Jensen Huang, and the $2 trillion company powering today's AI
Jensen Huang leads Nvidia – a tech company with a skyrocketing stock and the most advanced technology for artificial intelligence.CBS News - Top stories -
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 -
Microsoft's profit rose last quarter as AI bolstered demand for its software and cloud services, prompting the company to spend heavily on infrastructure to accommodate the appetite for the technology.
Microsoft’s profit rose last quarter as AI bolstered demand for its software and cloud services, prompting the company to spend heavily on infrastructure to accommodate the appetite for the technology.The Wall Street Journal - World -
Meta Platforms reported record first-quarter revenue as the company's advertising business grew at a rapid clip even as investors soured on forecasts of rising costs related to artificial intelligence.
Meta Platforms reported record first-quarter revenue as the company’s advertising business grew at a rapid clip even as investors soured on forecasts of rising costs related to artificial intelligence.The Wall Street Journal - World