Stocks Sink After Weak Jobs Report; Oil Drops

iPhone sales may be slow, but Apple’s CEO argues the company is primed to seize the AI moment. After announcing March quarter revenues reflecting weak iPhone sales, Apple CEO Tim Cook seemed eager to assure analysts that his company is working hard to integrate AI into its products and services. On Thursday, he mentioned “AI” in various contexts early and often in his opening comments during Apple’s call going over the financial results.

Despite the company’s high valuation and low revenue, Trump Media is asking House Republicans to go after short sellers. Investors in Trump Media could use some Dramamine. The holding company of Donald Trump’s Truth Social has seen its stock take a roller-coaster ride in its short time on the market, with fluctuations ranging from around $66 to $22 in just one month’s time.

The money raised by climate tech startups last year was more than a third of all funds raised by startups in Africa in 2023. When Ademola Adesina founded a startup to provide solar and battery-based power subscription packages to individuals and businesses in Nigeria in 2015, it was a lot harder to raise money than it is today.

The agency barred Pioneer’s former CEO from Exxon’s board on allegations that he attempted to collude with OPEC to raise oil prices. On Thursday U. S. regulators gave the go-ahead to Exxon Mobil’s $60 billion purchase of Pioneer Natural Resources, but barred Pioneer’s former CEO from Exxon’s board on allegations that he attempted to collude with OPEC to raise oil prices.

While sales of the blockbuster drug nearly doubled, the results still fell short of analysts’ expectations as the company faces competition from Eli Lilly. Danish drugmaker Novo Nordisk, the creator of Ozempic and Wegovy, announced a shocking statistic Thursday: Over 25,000 people begin Wegovy each week. The number is five times larger than the numbers from December—about 5,000 new users a week.

The type of work AI was used for the most included marketing tasks, customer service chatbots, getting computers to understand human languages, text and data analytics, and voice recognition. The rate of businesses in the U. S. using AI is still relatively small but growing rapidly, with firms in information technology, and in locations like Colorado and the District of Columbia, leading the way, according to a new paper from U.