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Stocks

“Thares of two big online education stocks tank more than 10% as students use ChatGPT”

“The rapid rise of artificial intelligence appears to be taking a toll on the shares of online education companies Chegg and Coursera. Both stocks sank by more than 10% on Tuesday after issuing disappointing guidance in part because of students using AI tools… Continue Reading…

Stocks

“Philips shares rocket 29% as firm settles U.S. respiratory device case”

“Philips shares soared to a more than two-year high Monday after the Dutch medical devices giant agreed to a $1.1 billion settlement in the U.S. for personal injury cases linked to the recall of some of its sleep apnea devices. Millions of… Continue Reading…

Stocks

“Snap shares soar 23% as company beats on earnings, shows strong revenue growth”

“Snap reported first-quarter results on Thursday that beat analysts’ estimates and showed a return to double-digit revenue growth. Shares soared more than 23% in extended trading.   Here’s how the company did:  Revenue for Snap’s first quarter increased 21% from $989 million in the… Continue Reading…

Business

“Microsoft says cloud AI demand is exceeding supply even after 79% surge in capital spending”

“…In its earnings report on Thursday, Microsoft said capital expenditures jumped 79% from a year earlier to $14 billion. The company is spending much faster than it’s increasing revenue — sales climbed 17% in the period. Even with all that investment, Microsoft… Continue Reading…

Business, Precious Metals

“Elliott takes $1 billion stake in Anglo American as miner faces takeover interest”

“…The activist’s U.K. arm, Elliott Advisors, in a regulatory filing Friday confirmed after publication that it had a 2.5% interest in Anglo American. The position, which consists of cash-settled derivatives, is worth around £891 million, or roughly $1.1 billion. Anglo… Continue Reading…

Stocks

“Former Tesla SVP Drew Baglino is selling $181.5 million worth of stock, SEC filing says”

“ …” https://www.cnbc.com/2024/04/25/former-tesla-svp-drew-baglino-is-selling-181point5-million-worth-of-stock.html His sell of stock might not be long term. (over five years) There’s always the possibility of him just wanting to avoid the upcoming stock market crash. It’s going to happen and can’t be avoided. Once the… Continue Reading…

Business

“AT&T beats estimates for subscriber additions, free cash flow”

“…But revenue came in at $30 billion, below LSEG expectations of $30.54 billion, as the U.S. telecom space continues to see muted phone upgrades. Adjusted profit for the quarter was 55 cents per share, in line with expectations…” https://finance.yahoo.com/news/t-beats-estimates-subscriber-additions-103413531.html When… Continue Reading…

Stocks

“Apple stock will soar 36% as it gears up to launch an AI-enable iPhone, BofA says”

“…Apple stock is a “top pick” for 2024 and has potential upside of 36% as it gears up for the launch of an AI-enabled iPhone, according to Bank of America. The bank reiterated its “Buy” rating and $225 price target for… Continue Reading…

Economy, Energy

“U.S. oil rises nearly 2% to top $83 a barrel as slowing manufacturing raises interest rate cut hopes”

“U.S. crude oil moved nearly 2% higher Tuesday to top $83 a barrel on optimism that weak manufacturing data could accelerate interest rate cuts. U.S. manufacturing activity hit a four month low of 49.9 in April, according to the S&P Global… Continue Reading…