JPMorgan, Wells Fargo, Citi stocks drop despite robust first-quarter earnings After outperforming the sector and the broader equity market for at least a year, JPMorgan led losses among the big-bank stocks with a drop of 5.6%. Citigroup fell 0.8% and Wells Fargo dipped 0.3%. 04/12/2024 - 5:52 am | View Link
The Shady Company Backing Trump’s Bond May Never Actually Pay Up The parent company of Knight Specialty Insurance Company is set up in a way that will make it hard to collect the bond. 04/12/2024 - 5:20 am | View Link
1.2 Million More Americans Became 'Subprime Borrowers' In The Past Year, With The Total Number Approaching 50 Million In a concerning trend for the U.S. economy, 1.2 million more Americans have been classified as “subprime borrowers” over the past year, according to a recent analysis by Money.com of data released by ... 04/12/2024 - 4:43 am | View Link
Q4 2023 KORE Group Holdings Inc Earnings Call Paul Holtz; Chief Financial Officer, Executive Vice President, Treasurer; KORE Wireless Group Inc Operator Hello, and welcome to the Core Group Holdings Fourth Quarter 2023 earnings call and webcast. 04/11/2024 - 1:00 pm | View Link
When the Fed Will Cut Interest Rates? Here Are the Latest Predictions A June rate cut looks much less likely than it did a few days ago. Money; ***Money is not a client of any investment adviser featured on this page. The information provided on this page is for ... 04/10/2024 - 7:01 pm | View Link
Just a decade ago, the world’s biggest tech beast was a relative minnow. Microsoft had become notorious for disappointing product launches, stagnant innovation, and losing top talent. The first true software giant was becoming a big tech dinosaur. Fast forward to 2024 and Microsoft is the planet’s most valuable business. Under the leadership of CEO Satya Nadella, stock has soared by over 1,000% in 10 years.
Taiwan Semiconductor Manufacturing Company (TSMC) has indicated it will increase the cost of chips made outside of Taiwan as the company reacts to pressures on its profitability.
The world’s largest maker of advanced chips for customers like Apple Inc. and Nvidia Corp., has sounded its price warning as government and big tech firms are cognizant of the geopolitical risks of having more than 90% of the world’s chips made in the country.
Apple has, on orders from China’s government, removed the social networking apps WhatsApp and Threads from the App Store serving that country. Both applications are owned and administered by Meta, the parent company of Facebook and Instagram.
The two applications had already been blocked by Chinese authorities, but still they saw heavy use, mainly from those who accessed them with a virtual private network that masked their internet protocol address and allowed users to sign in as if they were in another country.
“We are obligated to follow the laws in the countries where we operate, even when we disagree” Apple said in a statement to CNN.
TikTok is still on the brink of being banned in the United States after House Republicans included the proposed legislation in a package of bills which would secure foreign aid for Israel and Ukraine.
The threat from US lawmakers to ban the Chinese-owned video-sharing app unless owners ByteDance divest majority control of the company, elsewhere.
Back in March, the TikTok legislation passed the House and it has significant support in both chambers, whilst President Biden has indicated he will approve it if the bill lands on his desk.
Gamblers in North Carolina staked a total bet value of $659.3 million (£528.7m) during the first month of legal sports betting in the state.
As of 11 March, the regulated sports betting market was opened in the Tar Heel State with the disclosed figures from the North Carolina State Lottery Commission covering the period up to the end of the month.
Promotional wagers from sportsbook operators are said to have accounted for $202.6m of the overall total revenue figure, with gamblers earning back around $590.8m in wins.
Meta is making a significant stride in the AI space this week, expanding the reach of its AI assistant across all of Metaverse’s social media platforms, including Instagram, Facebook, Messenger, and WhatsApp.
The company’s site heralded the announcement alongside the development of the flagship artificial intelligence model Meta Llama 3.
Meta’s new AI assistant
At the heart of the Meta AI assistant is the powerful Meta Llama 3, a large language model (LLM).