Meta Platforms Inc
Pinterest shares tumble nearly 15% on weak guidance
Bill Ready, CEO of Pinterest, rings the opening bell at New York Stock Exchange (NYSE) in New York City, U.S., May 15, 2024. Brendan McDermid | Reuters Pinterest shares sank about 15% when the company reported its second-quarter earnings on Tuesday and provided third-quarter guidance that was lower than analyst estimates. Here’s how the company […]
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Lost in the market’s sharp rotation out of tech stocks is a really bullish call on major banks
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Market slides : The S & P 500 gave back earlier gains and fell throughout Tuesday afternoon, led lower by the mega-cap tech stocks. Ahead of the […]
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Meta agrees to $1.4 billion settlement in Texas biometric data lawsuit
Meta’s CEO Mark Zuckerberg attends the Senate Judiciary Committee hearing on online child sexual exploitation at the U.S. Capitol in Washington, U.S., January 31, 2024. Evelyn Hockstein | Reuters Meta has agreed to pay $1.4 billion to settle a lawsuit by the state of Texas over the Facebook owner’s use of biometric data by users, […]
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These 4 companies — including one backed by Warren Buffett — can leverage AI with their exclusive data, says fund manager
Companies with exclusive access to unique data will be well-positioned to capitalize on the next leg of AI advancements, according to Tema ETF’s Chief Investment Officer Yuri Khodjamirian. AI models, such as OpenAI’s ChatGPT or Anthropic’s Claude, are built by running complex algorithms on large amounts of data. The high quality of data is a […]
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Apple says its AI models were trained on Google’s custom chips
Sundar Pichai and Tim Cook Source: Reuters; Apple Apple said on Monday that the artificial intelligence models underpinning Apple Intelligence, its AI system, were pretrained on processors designed by Google, a sign that Big Tech companies are looking for alternatives to Nvidia when it comes to the training of cutting-edge AI. Apple’s choice of Google’s […]
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Harris VP short list stacked with contenders who can raise big money
U.S. Vice President Kamala Harris delivers remarks during a campaign event at West Allis Central High School, in West Allis, Wisconsin, U.S., July 23, 2024. Vincent Alban | Reuters Pennsylvania Gov. Josh Shapiro will rub elbows this week with a group of Vice President Kamala Harris’ allies at a meet and greet in the ritzy […]
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We’re encouraged by Abbott stock trading but discouraged by moves in Honeywell
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Market moves: The S & P 500 was on track for small gains following a solid rally last Friday. There’s still some market rotation happening, but […]
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Jim Cramer’s advice on Abbott Labs stock after a nearly $500 million baby formula verdict
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Monday’s key moments. Wall Street was lower after Friday’s rebound in a wild week that featured rotations in and out of tech. It’s a busy week ahead with a Fed meeting, 14 earnings […]
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Temu and Shein’s soaring popularity has Wall Street eyeing China’s influence on tech earnings
In just 17 days after launch, Temu surpassed Instagram, WhatsApp, Snapchat and Shein on the Apple App Store in the U.S., according to Apptopia data shared with CNBC. Stefani Reynolds | Afp | Getty Images Temu and Shein have exploded in the U.S. by going on an online marketing blitz and offering consumers inexpensive goods […]
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Senate prepares for key vote on kid’s online safety bills
Senate Majority Leader Charles Schumer, D-N.Y., fields questions about the candidacy of President Joe Biden after the senate luncheons in the U.S. Capitol on Tuesday, July 9, 2024. Tom Williams | CQ-Roll Call, Inc. | Getty Images The Senate is poised to take a key vote on major legislation to keep kids safe online Thursday- […]
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