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AMD says it will sell $4 billion in AI chips this year; stock drops on in-line forecast
AMD sells AI chips that compete with Nvidia, but it makes most of its money from PC chips.CNBC - Business -
AMD boosts its outlook for AI revenue, but stock still falls
AMD lifted its outlook for its MI300 AI accelerator product, which is now expected to drive upwards of $4 billion in revenue this year.MarketWatch - Business -
The U.S. birth rate has never been lower. Here’s what that means for stocks.
Americans aren’t having as many kids, but the economy can handle that — for now.MarketWatch - Business -
The Meta-morphosis of Mark Zuckerberg
The robotic nerd depicted in “The Social Network” has turned into the kinder, more accessible face of Silicon Valley. What’s going on?The New York Times - Tech -
The Meta-morphosis of Mark Zuckerberg
The robotic nerd depicted in “The Social Network” has turned into the kinder, more accessible face of Silicon Valley. What’s going on?The New York Times - Lifestyle -
Meta Faces EU Investigation Over Election Disinformation
The inquiry is intended to pressure the tech giant to more aggressively police Facebook and Instagram ahead of the European Union’s closely watched elections in June.The New York Times - Business - European Union -
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Meta Says It Plans to Spend Billions More on A.I.
Along with the higher spending, the owner of Facebook, Instagram and WhatsApp projected lighter-than-expected revenue, causing its stock to plummet.The New York Times - Tech -
Meta’s A.I. Assistant Is Fun to Use, but It Can’t Be Trusted
Despite Mark Zuckerberg’s hope for the chatbot to be the smartest, it struggles with facts, numbers and web search.The New York Times - Tech -
Meta’s Ray-Ban Smart Shades Get a Fresh Blast of AI
Plus: Leaked details tell us more about the new Google Pixel 8A, Freitag’s environmentally conscious bag is entirely recyclable, and it’s time to unpack a whole bunch of tech acronyms.Wired - Tech -
Investors Cheer AI Spending Boom in Big Tech---Just Not at Meta
Meta had its worst trading day in 18 months after warning of years of AI investment. Shares of Microsoft and Google parent Alphabet rallied.The Wall Street Journal - Tech -
Meta Faces EU Probe Over Disinformation Ahead of Elections
The European Union is investigating whether Meta Platforms shirked responsibility in tackling disinformation and misleading advertising in breach of its sweeping digital-competition law ahead of EU elections in June.The Wall Street Journal - Business - European Union -
Meta and Google Are Betting on AI Voice Assistants. Will They Take Off?
Meta, Google and others are driving a renaissance for voice assistants, but people have found the technology uncool for more than a decade.The New York Times - Tech - Google -
Batman: Arkham Shadow Announced, Coming Exclusively To Meta Quest 3
Almost a decade has passed since Rocksteady Studios wrapped up its Dark Knight trilogy in Batman: Arkham Knight, but at long last, a new game set in that universe has been revealed for Meta Quest 3. The Caped Crusader will be swinging back into ...GameSpot - Tech -
After Meta’s ‘year of efficiency,’ industry leaders root for year of innovation
To keep technological innovation on a strong path, companies must implement workforce efficiency mindfully.CNBC - Business -
The Fed is stuck, and so are stocks
Growth is still strong and inflation too highFinancial Times - World - Federal Reserve -
The Stock Market Could Be Calmer
The Fed’s interference creates volatility and raises capital costs.The Wall Street Journal - World -
These 8 Games Are Leaving Game Pass In May
Leaving soonMicrosoft has announced the first wave of games scheduled to leave the Game Pass catalog this month, and the list features eight titles from a variety of genres, including Just Cause 4 Reloaded and AT-AT Games' "East-punk" action-RPG, ...GameSpot - Tech -
For This Soccer Team, Every Game Is a Road Game
Shakhtar Donetsk hasn’t been able to play at home since 2014 due to war and instability in the Donbas region of Ukraine. But the club hasn’t stopped winning either.The Wall Street Journal - World -
Meta under fire from European Union for not doing enough about election disinformation
The European Union says it’s investigating Facebook and Instagram for suspected violations of the bloc’s digital rulebook, including not doing enough to protect users from foreign disinformation ahead of EU-wide electionsABC News - Tech -
Judge dismisses Meta shareholder lawsuit claiming that directors' obligations extend beyond company
A Delaware judge has dismissed a shareholder lawsuit asserting novel claims about the roles of corporate leaders and arguing that the loyalties of Meta directors and company founder Mark Zuckerberg should not lie exclusively with the social media ...ABC News - Tech -
The EU said it opened a probe into whether Meta Platforms shirked some of its responsibilities under the Digital Services Act.
The EU said it opened a probe into whether Meta Platforms shirked some of its responsibilities under the Digital Services Act.The Wall Street Journal - World -
A Lawsuit Argues Meta Is Required by Law to Let You Control Your Own Feed
Academic Ethan Zuckerman is suing Meta to win protections for add-ons that help researchers study the platform and give users more control over their feeds.Wired - Tech -
Lawsuit against Meta asks if Facebook users have right to control their feeds using external tools
Do social media users have the right to control what they see — or don’t see — on their feedsABC News - Tech -
Stocks Slip, Extending April Pullback
Indexes finished a downbeat month ahead of the Fed meeting and jobs data.The Wall Street Journal - World -
Will mortgage interest rates fall in May?
If you're waiting for mortgage rates to drop, you could be in for a longer wait than anticipated. Here's why.CBS News - Top stories - Mortgage -
Don't hold out for rate cuts
Presented by BP — The Fed may not cut until November. {beacon} View Online Business & Economy Business & Economy PRESENTED BY The Big Story High interest rates aren't going anywhere The central bank doesn't expect to cut rates anytime soon as ...The Hill - Politics -
Reasons why the AI stock correction may be overdone
Recent sharp moves highlight the hypersensitivity of the sector to relatively benign cyclical movesFinancial Times - Business -
Stocks Turn Higher After Powell Comments
Stocks were turning higher following the Federal Reserve’s widely expected decision to keep rates steady.The Wall Street Journal - World -
Pinterest Stock Jumps on Higher Revenue, Narrower Loss
Pinterest shares jumped after the social-media platform reported higher quarterly revenue and a narrower loss.The Wall Street Journal - World -
Reclassifying Cannabis Still Leaves Pot Stocks in Limbo
Marijuana may soon be considered a less dangerous drug, but it is a long way from being treated like alcohol or tobacco.The Wall Street Journal - World -
Warner Bros. Discovery stock falls to all-time low
Shares in Warner Bros. Discovery plummeted to an all-time low Tuesday, as the company fights to retain broadcasting rights to the NBA and shore up Wall Street's confidence in its financial future. The company's stock was trading at less than $8 ...The Hill - Politics -
Starbucks’ ‘grande headwinds’ lead to rare downgrades for the stock
Starbucks Corp. worse-than-expected quarter and grim predictions for the year brews a mix of discontent and hope on Wall Street.MarketWatch - Business -
S&P 500 Futures Rise as Earnings Roll In
U.S. stock futures rose as investors await Apple’s quarterly results among other earnings.The Wall Street Journal - World -
Cardinal Health’s stock falls on mixed quarterly results
Cardinal Health’s shares fell premarket Thursday after the company reported mixed quarterly results but raised its full-year profit outlook.MarketWatch - Business -
Wendy’s stock jumps as it points to successes in advertising
Wendy’s highlighted the impact of same-restaurant sales growth, advertising, franchise royalty revenue and its share-buyback program on its results.MarketWatch - Business -
Black Entrepreneurs, Frustrated by High Rates, Look to the Election
In the battleground state of Georgia, some Black entrepreneurs are frustrated over the impact of higher interest rates, a source of economic anxiety.The New York Times - Top stories -
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Black Entrepreneurs, Frustrated by High Rates, Look to the Election
In the battleground state of Georgia, some Black entrepreneurs are frustrated over the impact of higher interest rates, a source of economic anxiety.The New York Times - Business -
New Zealand's Jobless Rate Rises Sharply
New Zealand’s unemployment rate jumped sharply in the first three months of this year as the economy slumbered in an extended recession and high interest rates battered household budgets.The Wall Street Journal - World - New Zealand