Month: July 2024
TSMC shares were rocky last week. This is where Wall Street says the stock is headed
Shares of Taiwan Semiconductor Manufacturing Company (TSMC) were rocked by geopolitical developments from the U.S. last week, even as the firm reported earnings that beat expectations. TSMC and other semiconductor shares fell last Wednesday after reports of potentially tighter restrictions surfaced. Bloomberg on Wednesday reported that the Biden administration is considering a wide-sweeping rule to […]
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How CrowdStrike caused a global IT meltdown and what comes next
Last week, the world faced what was likely the biggest IT failure in history. When some people around the world logged onto their laptops on Friday, they were greeted with a blue error screen on their Microsoft Windows operating system. But this was not a Microsoft issue. It was all to do with a U.S. […]
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Alphabet to invest $5 billion in self-driving car unit Waymo
A Waymo rider-only robotaxi is seen during a test ride in San Francisco on Dec. 9, 2022. Paresh Dave | Reuters Alphabet is again investing in its self-driving car unit Waymo — this time with $5 billion. “This new round of funding will enable Waymo to continue to build the world’s leading autonomous driving company,” […]
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Nasdaq futures fall after Alphabet, Tesla report earnings: Live updates
Nasdaq stock futures traded lower Tuesday night after megacap tech companies Alphabet and Tesla reported their second-quarter results. Futures tied to the tech-heavy Nasdaq 100 moved down 0.5%, while S&P 500 futures fell 0.4%. Dow Jones Industrial Average futures slipped 0.2%. Shares of Google parent company Alphabet fell 1% in extending trading. Although Alphabet reported […]
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Lyft president Kristin Sverchek to exit on Aug. 20
An empty Lyft pickup area is shown as ride-share drivers hold a rally as part of a statewide day of action to demand that ride-hailing companies Uber and Lyft follow California law and grant drivers “basic employee rights,” in Los Angeles on Aug. 20, 2020. Mike Blake | Reuters Lyft announced Tuesday that company president […]
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French aerospace company sees surge in U.S. applicants after SpaceX relocation news: ‘Come to Europe and we’ll help you’
Latitude, a French aerospace company based an hour outside Paris, is getting a surge of applications from American engineers after Elon Musk said he would relocate SpaceX headquarters from California to Texas. Within the last week, a spokesperson for Latitude says it received the equivalent of one month of applications to its hiring systems, and […]
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OpenAI reassigns top AI safety executive Aleksandr Madry to role focused on AI reasoning
OpenAI last week removed Aleksander Madry, one of OpenAI’s top safety executives, from his role and reassigned him to a job focused on AI reasoning, sources familiar with the situation confirmed to CNBC. Madry was OpenAI’s head of preparedness, a team that was “tasked with tracking, evaluating, forecasting, and helping protect against catastrophic risks related […]
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Stocks making the biggest moves after hours: Alphabet, Tesla, Visa and more
In this article TXN COF STX V TSLA GOOGL Follow your favorite stocksCREATE FREE ACCOUNT A dog looks out the window from a Tesla electric vehicle charging at a Tesla Supercharger location in Santa Monica, California on May 15, 2024. Patrick T. Fallon | AFP | Getty Images Check out the companies making headlines in […]
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Judge will not block Biden administration ban on worker ‘noncompete’ agreements
US President Joe Biden arrives at Joint Base Andrews in Maryland on July 23, 2024. Biden is returning to the White House after spending nearly a week at his personal residence recovering from Covid and for the first time since dropping his reelection bid. Saul Loeb | AFP | Getty Images A federal judge on […]
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AI startup Cohere cuts staff after $500 million funding round
Cohere, the artificial intelligence startup founded by ex-Google AI researchers and backed by Nvidia, cut about 20 roles on Tuesday, CNBC confirmed. The layoffs at Cohere, which had about 400 employees according to the company, follow the completion of a $500 million funding round from investors including AMD, Salesforce, Oracle and Nvidia that valued the company at […]
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