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Business

“Fintech firm Klarna says 90% of its employees are using generative AI daily”

“… …” https://www.cnbc.com/2024/05/14/klarna-says-90percent-of-its-employees-are-using-generative-ai-daily.html AI is the future. Get ready for it.

Stocks

“Novavax stock jumps 50% as Sanofi deal kicks off turning point for struggling vaccine maker”

“Shares of Novavax closed nearly 50% higher on Monday as Wall Street cheered the company’s new multibillion-dollar deal with French drugmaker Sanofi that sparked a dramatic turnaround for the struggling vaccine maker. Novavax’s stock almost doubled on Friday after it announced the licensing agreement with Sanofi. Novavax on… Continue Reading…

Stocks

“Alibaba shares fall 6% after the Chinese tech giant posts 86% drop in profit”

“…Net income attributable to ordinary shareholders came in at 3.3 billion yuan, down 86% year on year. Shares of Alibaba closed down 6% in the U.S. after falling as much as 8.1% in the first hour of trading…” https://www.cnbc.com/2024/05/14/alibaba-baba-earnings-q4-2024.html The… Continue Reading…

Stocks

“AMC completes $250 million stock sale during meme rally, shares jump 30%”

“AMC Entertainment raised about $250 million of new equity capital, completing the sale Monday during the revived meme stock craze triggered by the return of “Roaring Kitty.” The movie theater operator sold 72.5 million shares in an at-the-market equity offering that… Continue Reading…

Economy

“California exodus left a gaping population hole. Can the Golden State finally bounce back?”

“…Though the state population grew 0.17% in 2023 — the first year of growth since the COVID-19 pandemic — California is still 1.2% smaller than it was in 2019, according to a Times data analysis. If the state continues to… Continue Reading…

Business

“Utah teacher, 42, sues AstraZeneca claiming she was left permanently disabled by its Covid vaccine – in first of its kind lawsuit in US”

“An American woman who took part in the clinical trial for AstraZeneca‘s Covid vaccine is suing the company, claiming the shot left her ‘permanently disabled’…” https://www.dailymail.co.uk/health/article-13416585/utah-teacher-astrazeneca-lawsuit-covid-vaccine-disabled.html Listen. I hate to break this to everyone but the Covid vaccine is a bio-weapon.… Continue Reading…

Business

“Airlines Sue US Over Fee Disclosure Rules, Citing Overreach”

“Several major US airlines and their lobbying group sued the US Transportation Department over new regulations mandating up-front disclosure of certain fees, in a fight over rules the agency says could mean big savings for travelers… The final rules, unveiled last month,… Continue Reading…

Stocks

“Apple Just Announced a $110 Billion Stock Buyback…”

“…For the period ended March 30, Apple’s revenue in China dropped 8% year over year to $16.4 billion. Much of this was attributable to a stalling iPhone segment, which dropped 10% year over year to $45.9 billion in all countries…”… Continue Reading…

Economy

“Roaring Kitty is back and so are meme stocks. GameStop and AMC surge like it’s 2021”

“…Keith Gill, better known as “Roaring Kitty,” posted an image Sunday on the social platform X of a man sitting forward in his chair, a meme used by gamers when things are getting serious…” https://finance.yahoo.com/news/roaring-kitty-back-meme-stocks-122329421.html The past two days gamestop and… Continue Reading…

Business, Stocks

“Squarespace to go private in $7 billion private-equity deal”

“Squarespace, the website-building platform, announced on Monday it would go private in a $6.9 billion all-cash deal with private-equity firm Permira, after nearly three turbulent years on the public market. Permira agreed to pay $44 per share in cash, a roughly 30% premium to… Continue Reading…