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Meta loses nearly $200 billion in value after Mark Zuckerberg AI announcement: CEO admitted it could take ‘several years’ for AI investment to come good
independent.co.uk/tech/meta-mark-zuckerberg-shares-ai-b2534723.html
Quick Glance: Meta Quarterly Results: Revenue Expectations Lowered, Stock Fell
- Meta's quarterly results exceeded expectations, but the revenue forecast for the next quarter was lowered.
- Despite successful ad business and increasing user numbers, Meta's stock experienced a drop of over 10 percent.
- Analysts caution about Meta's reduced revenue expectations for the second quarter, leading to investor skepticism.
- Zuckerberg plans to significantly increase investments in AI models in the coming years to enhance Meta's leading position in the artificial intelligence domain.
Microsoft beats quarterly revenue estimates: Microsoft beat Wall Street estimates for third-quarter revenue on Thursday, driven by gains from AI adoption across ...
reuters.com/technology/microsoft-beats-quarterly-revenue-estimates-2024-04-25/
Southwest closing operations at 4 airports: Southwest is closing operations at four airports because of delivery delays for Boeing airliners ...
thehill.com/policy/transportation/4620933-southwest-closing-operations-four-airports/
Quick Glance: Southwest and American Airlines Face Financial Challenges
- Southwest Airlines, the largest carrier at San Antonio International Airport, will limit hiring and stop flying to four airports as it copes with weak financial results and delays in getting new planes from Boeing.
- Southwest will also trim flights in Atlanta and at O’Hare International Airport to focus on more profitable locations, expecting to receive only 20 new 737 Max 8 jets from Boeing this year, down from the anticipated 46.
- CEO Robert Jordan stated Southwest was reacting quickly to address financial underperformance by slowing down hiring and asking employees to take time off.
- American Airlines, San Antonio’s second-largest carrier, reported a loss of $312 million as labor costs rose by 18%. The airline expects to return to profitability in the second quarter with earnings between $1.15 and $1.45 per share.
The Chips Act has been surprisingly successful so far: More than halfway through its incentives spending, the US will have far greater scope to manage shocks
ft.com/content/26756186-99e5-448f-a451-f5e307b13723
American and Southwest airlines both say they lost money in Q1: American and Southwest airlines both say they lost money in the first quarter ...
apnews.com/article/airline-losses-southwest-american-317aafcf9ed80488fe4dacecb0abffab
Quick Glance: Boeing faces revenue decline after 7 quarters with decreasing deliveries
- Boeing experienced a revenue decline in the last quarter, marking the first time in seven quarters as aircraft deliveries decrease.
- The quarterly revenue amounted to $16.57 billion, surpassing the expectations of $16.23 billion.
- Boeing aims to deliver a significant portion of its inventory of 737s and 787s by the end of the year to generate much-needed capital.
- Operating margins at Boeing's defense business improved to 2.2% in the quarter, compared to a negative value of 3.2% a year ago.
Who could buy TikTok?: The clock has begun ticking for TikTok to find a new owner.
cnn.com/2024/04/25/tech/who-could-buy-tiktok/
Quick Glance: Potential Buyers for TikTok Revealed
- The clock is ticking for TikTok to find a new owner. President Joe Biden signed a law that could ban TikTok in the US unless ByteDance sells the app. Possible buyers range from tech companies to retailers and investment bankers.
- Established tech giants like Meta or Google are unlikely buyers due to antitrust hurdles. Large companies with deep pockets face regulatory skepticism, although they could have the resources to purchase TikTok.
- Microsoft, which has shown interest in TikTok in the past, may have another opportunity after successfully navigating antitrust scrutiny with the Activision Blizzard deal. Oracle and former US government officials like Steven Mnuchin are also potential buyers.
- Mnuchin has announced assembling a team of investors to acquire TikTok. His offer, however, might exclude TikTok's algorithm, sparking controversial discussions. Other potential buyers like Kevin O'Leary are also considering acquiring TikTok, with O'Leary suggesting an initial bid between $20 and $30 billion.
Meta, Microsoft, and Google used 2.2 billion cubic meters of water to cool and power their data centers last year. As artificial intelligence technologies grow ... Show more
Apple Drops to Fourth Place Smartphone Seller in China: International Data Corp. said Lunar New Year stimulated shopping sentiment, and in high-end devices ...
on.barrons.com/4aVzvUH
Stock Market Today: Dow, S&P Live Updates for April 24: A $250 billion exchange-traded fund tracking the Nasdaq 100 got hit in late hours after Meta Platforms ...
bloomberg.com/news/articles/2024-04-23/stock-market-today-dow-s-p-live-updates
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$META | Meta's Q1 Earnings: Analysts Say Support Its AI Strategy, 'Use Meta As A Source Of Funds,' Question Long-Term Value
On reviewing Meta's Q1 earnings ... Show more
Quick Glance: Meta Invests Heavily in Artificial Intelligence
- Meta focuses on AI to enhance app appeal
- The smart glasses with AI capabilities aim to attract users
- Meta envisions AI assistants for complex tasks in communication
- Meta aims to become a global leader in AI, despite significant investments
Bitcoin falls below $64,000 as Meta, Microsoft and Google continue to drop: Slow economic growth and weak earnings reports in the tech sector have led to a ...
qz.com/bitcoin-ether-meta-ibm-microsoft-google-alphabet-1851435315
Paid articlePaid Merck raises 2024 profit forecast on surging sales of cancer drug Keytruda: Merck & Co on Thursday raised its annual profit and revenue forecasts on the back of ...
reuters.com/business/healthcare-pharmaceuticals/merck-raises-2024-profit-forecast-strong-cancer-hpv-drugs-sales-2024-04-25/
Quick Glance: Merck boosts 2024 profit outlook due to Keytruda sales
- Merck & Co. raises annual profit and revenue forecasts based on double-digit growth for the blockbuster cancer drug Keytruda.
- Sales for 2024 are estimated to be between $63.1 billion and $64.3 billion, an increase from the previous forecast.
- Keytruda recorded $6.95 billion in sales in the first quarter, a 20% increase from the previous year.
- Merck also saw strong growth with its vaccine Gardasil, the drug Vaxneuvance, and a successful acquisition of Harpoon Therapeutics in the first quarter of 2024.
Caterpillar Stock Falls After Earnings. Here’s Why.: Caterpillar reports adjusted first-quarter earnings of $5.60 a share. Wall Street expected profit of $5.14.
on.barrons.com/3xOrwdA
Rubrik IPO: Data Security Firm Pops 20% In Debut: The Rubrik IPO launches Thursday, as the data security firm priced its initial public offering at 32 a share ...
investors.com/news/technology/rubrik-ipo-data-software-ai/
Coca-Cola is betting AI can help it compete against Red Bull and Pepsi: Coca-Cola is working with Microsoft to “reimagine” its marketing and manufacturing
qz.com/coca-cola-ai-pepsi-redbull-retail-competition-1851435682
Paid articlePaid Amazon unit plans to invest $11 billion to data center in Indiana: Amazon’s cloud computing unit Amazon Web Services plans to invest $11 billion to build a data ...
apnews.com/article/amazon-aws-indiana-data-center-planned-investment-ccdad82728a72025f37383e3811f13f6
JPMorgan Chase CEO Jamie Dimon is concerned the US economy could be in for a repeat of the problems that hampered the country during the 1970s.
"Yes ... Show more yhoo.it/3WfdAU6
Quick Glance: JPMorgan CEO Dimon Praises US Economy
- Jamie Dimon, Chairman and Chief Executive Officer of JPMorgan Chase & Co., speaks to the Economic Club of New York.
- Dimon expressed confidence in a robust U.S. economy with strong employment and healthy consumer finances.
- However, he warned about the potential economic effects of rising national debt, inflation, and geopolitical conflicts.
- Dimon also discussed the need for a more harmonious relationship between lenders and regulators, as well as praised U.S. leadership and economic power.
S&P slashes Boeing credit outlook as rating hovers above junk status: Boeing's credit rating was under pressure for the second time this week as S&P brought them ...
reuters.com/business/aerospace-defense/sp-revises-outlook-boeing-negative-2024-04-25/
Airbus Lifts A350 Jet Output, Highlighting Edge Over Boeing: Airbus SE will further increase production of its advanced A350 widebody jet as the planemaker ...
bloomberg.com/news/articles/2024-04-25/airbus-lifts-output-for-a350-highlighting-edge-over-rival-being
Ring customers get $5.6 million in refunds in privacy settlement: The Federal Trade Commission is sending more than $5.6 million in refunds to consumers as part ...
apnews.com/article/ring-doorbell-camera-settlement-ftc-payments-658a3bae14c4744cf449932099dc4404
DR Congo presses Apple over minerals supply chain, lawyers say: Democratic Republic of Congo is pushing Apple Inc for more information about its supply chain ...
reuters.com/markets/commodities/dr-congo-presses-apple-over-minerals-supply-chain-lawyers-say-2024-04-25/
Caitlin Clark to sign new Nike deal valued at $28 million over 8 years, reports say
apnews.com/article/caitlin-clark-nike-3ea6a96e0b830b66b4680cc5318de9e4
Quick Glance: Caitlin Clark Secures Groundbreaking Contract with Nike After WNBA Salary Criticism
- Following public criticism of Caitlin Clark's modest WNBA rookie salary, she secured an impressive deal with Nike.
- As the top pick in the 2024 WNBA Draft, she landed a long-term agreement with the athletic footwear and apparel brand, including a signature shoe.
- This partnership represents the largest sponsorship deal for a female basketball player.
GDP growth slowed to a 1.6% rate in the first quarter, well below expectations: Real GDP was expected to increase 2.4% in the first quarter on a seasonally ...
cnbc.com/2024/04/25/gdp-q1-2024-increased-at-a-1point6percent-rate.html
Quick Glance: Disappointing Q1 Economic Growth and Implications
- The U.S. GDP grew at a rate of 1.6% in the first quarter, falling below expectations due to slower inventory replenishment and weak export growth.
- Despite the disappointing growth last quarter, this could potentially alter the views of Fed officials who were not keen on cutting rates following an upsurge in consumer prices.
- Some analysts believe that the weaker-than-expected report indicates the beginning of a broader economic slowdown.
- The report also highlights the performance of other sectors of the economy, such as the surge in housing construction, business investment growth, slower government spending, and the impact of trade on economic growth.
HashiCorp: IBM's Big Deal? Cash In Now: International Business Machines acquires HashiCorp for $35 per share in cash. Read more to see my recommendation for HCP ...
seekingalpha.com/article/4686078-hashicorp-ibm-big-deal-cash-in-now
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If you want to work at JPMorgan, CEO Jamie Dimon has these tips.
Watch his full conversation with WSJ Editor in Chief Emma Tucker: www.wsj.com/video/series/in-depth-features/jamie-dimon-on-the-economy-geopolitical-risks-and-ai-full-interview/5145E3B2-B2C4-4CAA-866D-B4792504E7BB
Meta and Tesla: A Tale of 2 CEOs. Why Musk’s AI Plan Trumps Zuckerberg’s, and 5 Other Things to Know Before Markets Open.
barrons.com/articles/meta-tesla-stock-what-to-know-today-29ea8baa
Paid articlePaid India Stands Out for Cheap Bonds as JPMorgan Index Date Nears: Indian equities have soared to become among the world’s most expensive, yet its bonds appear ...
bloomberg.com/news/articles/2024-04-25/india-stands-out-for-cheap-bonds-as-jpmorgan-index-date-nears
Stock market today: Dow drops 375 points after weak GDP data: Stocks dropped and bond yields rose as investors digested a tough reality of slowing GDP growth and ...
markets.businessinsider.com/news/stocks/stock-market-today-gdp-1q24-inflation-economy-tech-stocks-microsoft-2024-4
Congress’ first tech crackdown in years is a gift to Big Tech: Meta and Google stand ready to reap a TikTok ban’s rewards.
washingtonpost.com/technology/2024/04/24/tiktok-ban-benefits-meta-google/
Quick Glance: What Lies Ahead for TikTok in the US?
- The US Senate has unanimously approved a bill that could potentially lead to the banning of TikTok within nine months, unless its Chinese owner, ByteDance, withdraws from the video-sharing app due to concerns about national security threats.
- President Joe Biden has confirmed his intention to sign the legislation on Wednesday.
- ByteDance acquired the well-known karaoke app Musical.ly and rebranded it as TikTok back in 2017. It has become one of the fastest-growing applications in the United States, boasting 150 million monthly subscribers.
CLO Strategy Selectively Adds Risk Amid Rally: CLOs rallied across the capital stack for the fifth consecutive month alongside better-than-feared earnings and ...
seekingalpha.com/article/4686073-clo-strategy-selectively-adds-risk-amid-rally
Paid articlePaid Polaris Global Equity Composite Q1 2024 Commentary: Global equity markets enjoyed consecutive months of gains, with the MSCI World Index returning 9 ...
seekingalpha.com/article/4686064-polaris-global-equity-composite-q1-2024-commentary
IBM falls as enterprise-spending constraints choke consulting demand: Shares of International Business Machines fell more than 9% on Thursday ...
reuters.com/technology/ibm-falls-enterprise-spending-constraints-choke-consulting-demand-2024-04-25/
'Bond king' Bill Gross tells investors to avoid tech stocks: Gross said in a post on X to avoid tech, but if you have to invest in the sector ...
markets.businessinsider.com/news/stocks/tech-stocks-avoid-buying-bill-gross-microsoft-earnings-bond-yields-2024-4
Caitlin Clark Nike Deal Should Worry the WNBA: The league’s (ahem) modest pay scale was meant to maintain competitive balance, but outside money changes ...
bloomberg.com/opinion/articles/2024-04-25/caitlin-clark-nike-deal-should-worry-the-wnba
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Apple loses top spot in China market with shipments down 6.6% in Q1, data shows: Apple lost its crown as China's biggest smartphone seller in the first quarter ...
reuters.com/technology/apple-loses-top-spot-china-market-with-shipments-down-66-q1-data-shows-2024-04-25/
Environmental pollution: 56 large corporations are responsible for half of the world's plastic waste
spiegel.de/wirtschaft/unternehmen/56-grosskonzerne-sind-fuer-die-haelfte-des-weltweiten-plastikmuells-verantwortlich-a-a445011c-1a6c-468c-a607-52809cf8d757
March's Dividend Portfolio Update Sets New All-Time Record - 100 Holdings, 21 Buys
seekingalpha.com/article/4685904-marchs-dividend-portfolio-update-sets-new-all-time-record-100-holdings-21-buys
Paid articlePaid Sundar Pichai admits the generative AI boom took Google by surprise: Despite saying he recognized AI's significance years ago, Sundar Pichai said he had a ...
businessinsider.com/sundar-pichai-google-generative-ai-boom-surprise-2024-4
Quick Glance: Microsoft's Leadership in AI Threatens Amazon Cloud Dominance
- Microsoft is poised to potentially surpass Amazon in the cloud computing market with innovative AI features.
- Upcoming quarterly reports from Microsoft will illuminate the impacts of AI investments.
- Microsoft's Azure cloud service could experience significant growth fueled by generative AI.
- Google and Amazon are also focusing on integrating AI into their cloud services.
JPMorgan Is Considering Two Synthetic Risk Transfers as Market Heats Up: JPMorgan Chase & Co. is sounding out investors about a pair of large synthetic risk ...
bloomberg.com/news/articles/2024-04-24/jpmorgan-is-considering-two-synthetic-risk-transfers-as-market-heats-up
Russian Court Freezes JPMorgan Assets Under $440 Million Claim: A St. Petersburg court froze the Russian assets of JPMorgan Chase & Co ...
bloomberg.com/news/articles/2024-04-24/russian-court-freezes-jpmorgan-assets-under-440-million-claim
Paid articlePaid Walmart CEO Doug McMillon shares how to move up the corporate ladder: Walmart CEO Doug McMillon started at the company 40 years ago earning $6 ...
businessinsider.com/walmart-ceo-doug-mcmillon-how-to-move-up-corporate-ladder-2024-4
Goldman and Citadel Securities back Howard Lutnick’s renewed tilt on futures market
ft.com/content/8b6a724f-07ab-4592-905f-b6eca6bdc974
IBM Falls on Weak Consulting Sales, Overshadowing HashiCorp Deal: International Business Machines Corp. dropped about 9% in extended trading after the company’s ...
bloomberg.com/news/articles/2024-04-24/ibm-reports-consulting-slump-overshadowing-hashicorp-deal
Paid articlePaid Goldman Sachs Sells 7.5% Preferred for Institutional Market. How Retail Investors Can Get Them.
barrons.com/articles/goldman-preferred-institutional-market-0c9108af
Paid articlePaid The iPad may finally be getting a major revamp, with Apple saying that it would host an event on May 7 www.reuters.com/technology/apple-says-it-will-hold-event-may-7-2024-04-23/
Quick Glance: Apple announces event on May 7
- Apple will host an event on May 7, where the long-awaited revamped versions of the iPad Pro and iPad Air are expected to be revealed.
- These new models would signify Apple's first major overhaul of this product line since 2018, as iPad sales have decreased, prompting the company to introduce new products to stimulate demand.
- In the first quarter, iPad sales dropped by 25% to $7.02 billion, alongside a slowdown in iPhone sales.
- The event is scheduled to commence at 7 a.m. PT, corresponding to 2 p.m. GMT, and Apple is also preparing for its Worldwide Developers Conference from June 10 to June 14.
Cisco says hackers subverted its security devices to spy on governments: Technology firm Cisco Systems said that hackers have subverted some of its digital ...
reuters.com/technology/cybersecurity/cisco-says-hackers-subverted-its-security-devices-spy-governments-2024-04-24/
US to decide by late May if Boeing violated prosecution deal, sources say: U.S. Department of Justice officials are planning to decide as soon as late May ...
reut.rs/3wboLCz
Buttigieg says Boeing must meet FAA quality plan before raising 737 MAX output: U.S. Transportation Secretary Pete Buttigieg said on Wednesday that Boeing must ...
reuters.com/business/aerospace-defense/buttigieg-says-boeing-must-meet-faa-quality-plan-before-raising-737-max-output-2024-04-24/
Biden is giving $6 billion to Micron for a semiconductor project in upstate New York
npr.org/2024/04/25/1246888804/biden-chips-syracuse-micron
Microsoft (MSFT), Alphabet (GOOGL) Face a ‘Show Me’ Moment After Meta Misfire: The stakes are high as two of the biggest artificial intelligence players prepare ...
bloomberg.com/news/articles/2024-04-25/microsoft-alphabet-face-a-show-me-moment-after-meta-misfire
Moody’s Ratings downgraded Boeing’s credit rating to Baa3 from Baa2, according to a statement Wednesday. The rating outlook is negative. www.bloomberg.com/news/articles/2024-04-24/moody-s-slashes-boeing-s-credit-rating-to-one-step-from-junk
Amazon: The Margin Train Is Gaining Speed: Amazon remains the cheapest option, by far, for fulfillment, logistics, and customer acquisition ...
seekingalpha.com/article/4685639-amazon-the-margin-train-is-gaining-speed
Paid articlePaid JPMorgan (JPM) Trading Desk Model Flashes ‘Buy’ Signal for US Stocks: A JPMorgan Chase & Co. indicator is flashing a resounding buy signal in US stocks ...
bloomberg.com/news/articles/2024-04-24/jpmorgan-s-trading-desk-says-s-p-500-is-ripe-for-further-gains
She's currently six months pregnant with her fourth child. www.mirror.co.uk/news/uk-news/mum-took-cocaine-funeral-before-32666846
Stock Market Today: Dow, S&P Live Updates for April 25: Asian equity markets dropped after Meta Platforms Inc.’s disappointing outlook raised concern on whether ...
bloomberg.com/news/articles/2024-04-24/stock-market-today-dow-s-p-live-updates
Paid articlePaidQuick Glance: Current Stock Market Trends: Dow, S&P Updates for April 24
- Major tech giants experienced a downturn in late hours following disappointing forecasts from Meta Platforms Inc., raising concerns about the stock market's trajectory.
- Before the results, the broader market struggled to gain momentum as traders prepared for economic data that will influence views on the Federal Reserve's next moves.
- Investors withdrew around $200 million from value-based ETFs this month, while growth stocks attracted over $3 billion in inflows.
- JPMorgan Chase & Co. is signaling a clear buy indication for US stocks after reaching a threshold that typically precedes above-average gains.
Dow drops more than 600 points on inflation and growth concerns, heads for biggest drop of the year: Live updates
cnbc.com/2024/04/25/dow-drops-more-than-600-points-on-inflation-and-growth-concerns-live-updates.html
LSEG Says Microsoft Tie-Up to Release Products Within Months: London Stock Exchange Group Plc plans to release a number of products generated by its data ...
bloomberg.com/news/articles/2024-04-25/lseg-says-microsoft-tie-up-to-release-products-within-months
Jamie Dimon says US has less than 50% odds of nailing a soft landing: "It looks a little bit more like the '70s to me, and I point out to a lot of people ...
businessinsider.com/jamie-dimon-soft-landing-outlook-recession-inflation-jpmorgan-geopolitics-2024-4
Fallout 4 next-gen update is live with new render modes, Creation Club content, and more
neowin.net/news/fallout-4-next-gen-update-is-live-with-new-render-modes-creation-club-content-and-more/
Caterpillar Crushes EPS Views, But Sales Are Light: Caterpillar earnings muscled past estimates, but sales dipped from a year ago. Profit margins expanded but ...
investors.com/news/caterpillar-earnings-q1-dow-jones-cat-stock/
How to build a global business empire in the 21st century: Disney, Ford, Microsoft and the age of the quasi-merger
economist.com/business/2024/04/22/how-to-build-a-global-business-empire-in-the-21st-century
Fallout 76 has now welcomed 1m players in a single day, six years after broken launch
eurogamer.net/fallout-76-has-now-welcomed-1m-players-in-a-single-day-six-years-after-broken-launch
G42 Allies With US Over China in Global AI Conflict: Abu Dhabi-based G42 found it could no longer play for both teams.
bloomberg.com/news/articles/2024-04-25/g42-allies-with-us-over-china-in-global-ai-conflict
Paid articlePaid These Stocks Are Moving the Most Today: Meta, IBM, Ford, Anglo American, Microsoft, Alphabet, and More
barrons.com/articles/stock-market-movers-f298e9b0
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BlizzCon 2024 is not happening despite Blizzard’s strong 2024 lineup: Blizzard Entertainment confirmed that BlizzCon 2024 is not happening, but it will leave the ...
digitaltrends.com/gaming/blizzcon-2024-cancelled/
Nvidia-backed artificial intelligence firm Synthesia on Thursday unveiled a new wave of AI-generated digital avatars that can convey human emotions using a ... Show more www.cnbc.com/2024/04/25/nvidia-backed-synthesia-unveils-ai-avatars-that-can-be-generated-from-text.html
Goldman Plans to Add Headcount in Asia to Woo Super Wealthy: ST: Goldman Sachs Group Inc. plans to hire “steadily” in Asia to cater to the growing number of ...
bloomberg.com/news/articles/2024-04-24/goldman-plans-to-add-headcount-in-asia-to-woo-super-wealthy-st
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Southwest Airlines Earnings Are Likely to Reveal Its True Exposure to Boeing: Southwest Airlines' earnings may be dominated by its reliance on Boeing and ...
barrons.com/articles/southwest-airlines-earnings-stock-price-4f6481b2
Paid articlePaid Vote no to bashing proxy advisers: Jamie Dimon is a busy man. Yet the JPMorgan boss found time to devote more than a page of his annual letter to shareholders ...
reuters.com/breakingviews/vote-no-bashing-proxy-advisers-2024-04-25/
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