Month: December 2024
From ‘Fortnite’ to ‘Hogwarts Legacy’: One university fuels Utah’s $2 billion video game industry
Rice–Eccles Stadium, an outdoor college football venue at the University of Utah in Salt Lake City, stands against a stunning mountain backdrop. University of Utah This article is part of CNBC’s Cities of Success series, which explores cities that have transformed into business hubs with an entrepreneurial spirit and attracted capital, companies and employees. The […]
Read More
Goldman predicts these names will have four times the return of the typical stock with less risk
For investors looking for ways to beat the market after a stellar year, Goldman Sachs is touting a portfolio of names that have the highest expected risk-adjusted returns. The bank is recommending its clients check out stocks with high Sharpe ratios, a measure of an asset’s performance relative to its volatility. The firm expects the […]
Read More
‘Low-hire, low-fire’: The U.S. job market is stagnant right now, economists say
Key Points The U.S. job market is seeing a low rate of layoffs but also a slow pace of hiring among employers. That comes amid signs of labor market strength overall: Unemployment is historically low, for example. This means while employers are holding on to workers, job seekers are having a tough time. Source
Read More
A Florida ‘condo cliff’ is coming as owners deal with fallout from 2021 Surfside collapse
After the deadly collapse of a 12-story condominium tower in the Surfside suburb of Miami, Florida, in 2021, state lawmakers implemented new requirements for older condominiums. Buildings at least 30 years old, like the Champlain tower that fell, have to undergo special inspections, make repairs and gather reserve funds for future maintenance. The deadline is […]
Read More
OpenAI releases Sora, its buzzy AI video-generation tool
OpenAI said Monday it’s releasing its buzzy AI video-generation tool, Sora, later in the day. The AI video-generation model works similarly to OpenAI’s image-generation AI tool, DALL-E: A user types out a desired scene, and Sora will return a high-definition video clip. Sora can also generate video clips inspired by still images and extend existing […]
Read More
The next price to watch on Tesla’s stock chart as the postelection surge looks set to continue
Tesla Inc. (TSLA) has gained roughly 53% since the election, making it the second-best performer in the S & P 500 since that time. The rally has been meaningful from a technical perspective, marking a bullish shift with long-term implications. In June , we highlighted a bullish technical setup for Tesla that supported a counter-trend […]
Read More
Stocks making the biggest moves midday: Hershey, Nvidia, Alibaba, Omnicom and more
Check out the companies making headlines in midday trading: Hershey , Mondelez International — Hershey shares jumped roughly 13% after Bloomberg News reported that Cadbury and Oreo maker Mondelez is again trying to buy the chocolate company. News of the attempted takeover put Hershey shares on pace for their best day since June 2016, when Hershey […]
Read More
ByteDance, TikTok seek temporary halt to U.S. ban pending Supreme Court review
Justin Sullivan | Getty Images China-based ByteDance and its short-video app TikTok on Monday asked an appeals court to temporarily block a law that would require that parent company ByteDance divest TikTok by Jan. 19 or face a ban, pending a review by the U.S. Supreme Court. The companies filed the emergency motion with the […]
Read More
Comcast shares tumble as executive calls broadband ‘intensely competitive’
View from behind of Comcast truck parked on residential street in Lafayette, California, September 28, 2021. Smith Collection/gado | Archive Photos | Getty Images Comcast Cable CEO Dave Watson told investors on Monday that the company expects to lose more than 100,000 broadband subscribers during the fourth quarter as the market remains “competitively intense.” Comcast […]
Read More
Brian Thompson killing: Man questioned in Pennsylvania in UnitedHealthcare CEO slaying
Police in Pennsylvania are questioning a man on Monday in connection with the fatal shooting of UnitedHealthcare CEO Brian Thompson, NBC News reported. The man was found with a gun that is similar to the one used to kill the 50-year-old Thompson by a masked gunman last Wednesday in New York City, according to NBC. […]
Read More