Sequoia commits to backing Elon Musk’s xAI start-up: Venture capital firm is among investors that entrepreneur is wooing as he seeks to gain ground on rivals
ft.com/content/fc8355e6-3219-4681-a4da-73feca50cd8a
Quick Glance: Sequoia backs Elon Musk’s xAI venture
- Sequoia Capital, a well-known venture capital firm in Silicon Valley, has committed to supporting Elon Musk's artificial intelligence start-up xAI to help him raise billions and compete with OpenAI, Meta, and Google.
- The exact amount of Sequoia's investment in xAI remains undisclosed.
- Sequoia, an early investor in Google, YouTube, and Apple, has backed several Musk projects in recent years, including The Boring Company and SpaceX.
Warren Buffett Built Berkshire. What Happens When He’s No Longer There?: Questions are swirling about succession, a possible dividend, even a breakup of the ...
barrons.com/articles/berkshire-hathaway-stock-price-warren-buffett-succession-4ab47394
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Southwest to Exit Four Airports, Facing Financial Weakness and Boeing Problems
on.wsj.com/49W1xOB
Quick Glance: Is Southwest Ending Free Seating?
- Southwest Airlines is seriously considering seating allocation and passenger boarding to enhance its financial performance.
- Unlike most other airlines, Southwest does not have a premium section with higher fares.
- The airline is closely examining customer preferences regarding seating and boarding processes.
- Experts believe that Southwest could potentially earn a significant amount of money by introducing assigned seating.
Gilead Beats Earnings Expectations After Rocky Quarter
barrons.com/articles/gilead-beats-earnings-expectations-after-rocky-quarter-e7a55ae4
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Tattooed woman mad about job rejection: A woman whose face is covered in tattoos and piercings has claimed she was denied a job at retailer TJ Maxx over her body ...
news.com.au/lifestyle/real-life/news-life/its-so-annoying-woman-claims-she-was-rejected-by-employer-over-tattoos/news-story/0db190395818979aa7926cb9378f6c0e
This is what it looks like when Google dances: Alphabet just reported a blockbuster quarter, and the narrative around the company is starting to shift.
businessinsider.com/google-q1-2024-earnings-dances-2024-4
Stock Market Today: Dow, S&P Live Updates for April 26: Stellar earnings reports from Microsoft Corp. and Alphabet Inc triggered an after-hours tech rally that ...
bloomberg.com/news/articles/2024-04-25/stock-market-today-dow-s-p-live-updates
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Mark Zuckerberg asked for patience during Meta's earnings meeting and the stock market responded. The company saw $170 billion worth of equity wiped out ... Show more trib.al/5UKISh4
Meta’s stock plunges on ‘aggressive’ AI spending plans: Shares in Meta plunged in premarket trading Thursday as the company’s plans to “invest aggressively” in ...
cnn.com/2024/04/25/investing/meta-stock-plunges-ai-spending/
Quick Glance: Meta Quarterly Results: Revenue Expectations Lowered, Stock Fell
- Meta's quarterly results exceeded expectations, but the revenue forecast for the next quarter was lowered.
- Despite successful ad business and increasing user numbers, Meta's stock experienced a drop of over 10 percent.
- Analysts caution about Meta's reduced revenue expectations for the second quarter, leading to investor skepticism.
- Zuckerberg plans to significantly increase investments in AI models in the coming years to enhance Meta's leading position in the artificial intelligence domain.
How a Chicken Sandwich Shows a Hidden Power in the U.S. Economy: A surprising surge in productivity at restaurants and other businesses has helped the nation ...
barrons.com/articles/economy-productivity-recession-22fc540b
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Walmart's longest-serving director Rob Walton to retire from board: Walmart said on Thursday that Rob Walton, the longest serving member on its board and eldest ...
reuters.com/business/retail-consumer/walmart-ex-chairman-rob-walton-retire-board-2024-04-25/
Five Things You Need to Know to Start Your Day: Asia: Good morning. Microsoft and Alphabet give tech investors a boost. Inflation concerns rattle Treasuries and ...
bloomberg.com/news/newsletters/2024-04-25/five-things-you-need-to-know-to-start-your-day-asia
Walmart’s Rob Walton to Retire From Board: Chipotle CEO Brian Niccol will replace his spot on the board of directors.
barrons.com/articles/walmart-rob-walton-retire-board-26c3cd33
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Stock Markets Today: BOJ decision, ECB easing call, Big Tech, Trump: Get up to speed with what the markets are monitoring
bloomberg.com/news/newsletters/2024-04-26/stock-markets-today-boj-decision-ecb-easing-call-big-tech-trump
The Chips Act has been surprisingly successful so far: More than halfway through its incentives spending, the US will have far greater scope to manage shocks
ft.com/content/26756186-99e5-448f-a451-f5e307b13723
Boeing reports $355 million loss amid door blowout crisis: It was the first quarterly report to show the financial impact of the January door blowout of a Boeing ...
washingtonpost.com/business/2024/04/24/boeing-earnings/
Quick Glance: Boeing faces revenue decline after 7 quarters with decreasing deliveries
- Boeing experienced a revenue decline in the last quarter, marking the first time in seven quarters as aircraft deliveries decrease.
- The quarterly revenue amounted to $16.57 billion, surpassing the expectations of $16.23 billion.
- Boeing aims to deliver a significant portion of its inventory of 737s and 787s by the end of the year to generate much-needed capital.
- Operating margins at Boeing's defense business improved to 2.2% in the quarter, compared to a negative value of 3.2% a year ago.
Meta loses $200 billion in value as Zuckerberg focuses earnings call on all the ways company bleeds cash
cnbc.com/2024/04/24/meta-loses-200-billion-in-value-zuckerberg-focuses-on-ai-metaverse.html
Quick Glance: Meta Invests Heavily in Artificial Intelligence
- Meta focuses on AI to enhance app appeal
- The smart glasses with AI capabilities aim to attract users
- Meta envisions AI assistants for complex tasks in communication
- Meta aims to become a global leader in AI, despite significant investments
JPMorgan has elevated two key leaders in India to managing director positions www.bloomberg.com/news/articles/2024-04-26/jpmorgan-promotes-two-india-executives-to-managing-director-role
BlackRock Memo Reveals Wealth-Management Shuffle Amid ESG Backlash in Texas: BlackRock is seeking to expands ties with rich investors and calm a backlash over ...
barrons.com/articles/blackrock-memo-esg-wealth-texas-00cdb6ba
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Merck raises 2024 profit forecast on surging sales of cancer drug Keytruda: Merck & Co on Thursday raised its annual profit and revenue forecasts on the back of ...
reuters.com/business/healthcare-pharmaceuticals/merck-raises-2024-profit-forecast-strong-cancer-hpv-drugs-sales-2024-04-25/
Quick Glance: Merck boosts 2024 profit outlook due to Keytruda sales
- Merck & Co. raises annual profit and revenue forecasts based on double-digit growth for the blockbuster cancer drug Keytruda.
- Sales for 2024 are estimated to be between $63.1 billion and $64.3 billion, an increase from the previous forecast.
- Keytruda recorded $6.95 billion in sales in the first quarter, a 20% increase from the previous year.
- Merck also saw strong growth with its vaccine Gardasil, the drug Vaxneuvance, and a successful acquisition of Harpoon Therapeutics in the first quarter of 2024.
Microsoft just got a $1.1 billion boost from Coca-Cola: Coca-Cola is keen to explore Microsoft's enterprise-level artificial intelligence technology.
thestreet.com/technology/microsoft-just-got-a-1-1-billion-boost-from-coca-cola-artificial-intelligence
The parent of Facebook and Instagram lost some $150 billion in market value after CEO Mark Zuckerberg said the company is going to invest aggressively in AI ... Show more
Airbus Lifts A350 Jet Output, Highlighting Edge Over Boeing: Airbus SE will further increase production of its advanced A350 widebody jet as the planemaker ...
bloomberg.com/news/articles/2024-04-25/airbus-lifts-output-for-a350-highlighting-edge-over-rival-being
Hertz’s Losses on Tesla EVs Bite Into Earnings: Hertz stock sank Thursday after the rental car company reported a steeper-than-expected loss ...
on.barrons.com/3xVaZV9
Meta Gets EU Warning Over Use of Sexual Orientation Data: Meta Platforms Inc.’s Facebook should be blocked from exploiting public information on a users’ sexual ...
bloomberg.com/news/articles/2024-04-25/meta-gets-eu-privacy-warning-over-use-of-sexual-orientation-data
The Meta-morphosis of Mark Zuckerberg: The robotic nerd depicted in “The Social Network” has turned into the kinder, more accessible face of Silicon Valley ...
nytimes.com/2024/04/24/style/mark-zuckerberg-new-look.html
Google's Gaza conflict: Why more bosses are cracking down on Israel-Hamas war protesters
usatoday.com/story/money/2024/04/26/google-protesters-fired-gaza-activism-crackdown/73458282007/
Amazon unit plans to invest $11 billion to data center in Indiana: Amazon’s cloud computing unit Amazon Web Services plans to invest $11 billion to build a data ...
apnews.com/article/amazon-aws-indiana-data-center-planned-investment-ccdad82728a72025f37383e3811f13f6
Tesla vs. Meta earnings prove the power of Musk's word despite failed promises: Elon Musk managed to turn around Tesla's stock slide with a couple promises.
businessinsider.com/tesla-meta-earnings-prove-power-of-musk-word-despite-promises-2024-4
Morgan Stanley Warns of Possible Tokyo CPI Yen Shock Before BOJ: Morgan Stanley MUFG Securities economists flagged a risk of Tokyo inflation data causing a ...
bloomberg.com/news/articles/2024-04-25/morgan-stanley-warns-of-possible-tokyo-cpi-yen-shock-before-boj
Intel forecasts second-quarter revenue below estimates: Intel forecast second-quarter revenue below market estimates on Thursday, as it faces weak demand for its ...
reuters.com/technology/intel-forecasts-second-quarter-revenue-below-estimates-2024-04-25/
S&P slashes Boeing credit outlook as rating hovers above junk status: Boeing's credit rating was under pressure for the second time this week as S&P brought them ...
reuters.com/business/aerospace-defense/sp-revises-outlook-boeing-negative-2024-04-25/
Gilead posts quarterly loss on acquisition charge, revenue rises 5%: Gilead Sciences reported a first-quarter loss on Thursday after taking a $3 ...
reuters.com/business/healthcare-pharmaceuticals/gilead-posts-quarterly-loss-revenue-rises-5-2024-04-25/
If you want to work at JPMorgan, CEO Jamie Dimon has these tips.
Watch his full conversation with WSJ Editor in Chief Emma Tucker: www.wsj.com/video/series/in-depth-features/jamie-dimon-on-the-economy-geopolitical-risks-and-ai-full-interview/5145E3B2-B2C4-4CAA-866D-B4792504E7BB
HashiCorp: IBM's Big Deal? Cash In Now: International Business Machines acquires HashiCorp for $35 per share in cash. Read more to see my recommendation for HCP ...
seekingalpha.com/article/4686078-hashicorp-ibm-big-deal-cash-in-now
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Elon Musk's SpaceX could spinoff Starlink in a big IPO this year, investment adviser says
qz.com/elon-musk-spacex-starlink-spinoff-ipo-investment-advise-1851433211
It Is Time For Technology To Give Up Its Leadership Position: Stocks like Meta that trade at a premium to the market face a violent reaction if growth slows ...
seekingalpha.com/article/4686076-it-is-time-for-technology-to-give-up-its-leadership-position
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Walmart CEO Doug McMillon shares how to move up the corporate ladder: Walmart CEO Doug McMillon started at the company 40 years ago earning $6 ...
businessinsider.com/walmart-ceo-doug-mcmillon-how-to-move-up-corporate-ladder-2024-4
Caitlin Clark Nike Deal Should Worry the WNBA: The league’s (ahem) modest pay scale was meant to maintain competitive balance, but outside money changes ...
bloomberg.com/opinion/articles/2024-04-25/caitlin-clark-nike-deal-should-worry-the-wnba
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Musk moves Tesla's goalposts, investors happily move shares higher: It's the millions-of-robotaxis promise again – and all y'all buying it this time ...
theregister.com/2024/04/24/musk_moves_tesla_goalposts_back/
CLO Strategy Selectively Adds Risk Amid Rally: CLOs rallied across the capital stack for the fifth consecutive month alongside better-than-feared earnings and ...
seekingalpha.com/article/4686073-clo-strategy-selectively-adds-risk-amid-rally
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Did Meta Just Burst The Big-Tech Bubble?: Given the high valuations, and limited growth potential, the big tech is in a bubble. Read more to see if Meta just ...
seekingalpha.com/article/4686066-did-meta-just-burst-the-big-tech-bubble
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Meta Stock Is Headed for Worst Day in Years, Drop Shaves Billions Off Market Cap: Meta disappoints investors with slightly weaker-than-expected revenue guidance ...
barrons.com/articles/meta-stock-earnings-ai-zuckerberg-c4cb564f
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IBM falls as enterprise-spending constraints choke consulting demand: Shares of International Business Machines fell more than 9% on Thursday ...
reuters.com/technology/ibm-falls-enterprise-spending-constraints-choke-consulting-demand-2024-04-25/
Congress’ first tech crackdown in years is a gift to Big Tech: Meta and Google stand ready to reap a TikTok ban’s rewards.
washingtonpost.com/technology/2024/04/24/tiktok-ban-benefits-meta-google/
Quick Glance: ByteDance Would Consider Closing TikTok in US Over Sale, Sources Claim
- ByteDance would prefer to cease TikTok operations rather than engage in a sale if all legal avenues are exhausted to combat potential legislation banning the platform in US app stores, as per four sources.
- Despite TikTok's massive popularity with over a billion users, it remains unprofitable, contributing a small fraction to ByteDance's overall revenues and daily active user base.
- ByteDance stated on Thursday in a release on Toutiao, a media platform it possesses, that there are no intentions to sell TikTok, in response to claims from The Information about ByteDance exploring sale scenarios for TikTok's US operations excluding the recommending algorithm for user videos.
- As of December, ByteDance's valuation stood at $268 billion when it proposed a buyback of approximately $5 billion in shares from investors.
The Stock Market Is Flirting With Trouble. Watch These Key Price Levels.: The sell-off puts the S&P 500 just above a key support level and could spell trouble ...
barrons.com/articles/s-p-500-technical-support-correction-90845a21
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Goldman Sachs Sells 7.5% Preferred for Institutional Market. How Retail Investors Can Get Them.
barrons.com/articles/goldman-preferred-institutional-market-0c9108af
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March's Dividend Portfolio Update Sets New All-Time Record - 100 Holdings, 21 Buys
seekingalpha.com/article/4685904-marchs-dividend-portfolio-update-sets-new-all-time-record-100-holdings-21-buys
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Thai Bourse Chair Quitting Seen as Prelude to Finance Chief Post: The Stock Exchange of Thailand Chairman Pichai Chunhavajira has resigned in a move seen ...
bloomberg.com/news/articles/2024-04-25/thai-bourse-chair-quitting-seen-as-prelude-to-finance-chief-post
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IBM Falls on Weak Consulting Sales, Overshadowing HashiCorp Deal: International Business Machines Corp. dropped about 9% in extended trading after the company’s ...
bloomberg.com/news/articles/2024-04-24/ibm-reports-consulting-slump-overshadowing-hashicorp-deal
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Bill Gates and Sam Altman invest in nuclear power and you should too, financial adviser says
qz.com/bill-gates-sam-altman-nuclear-power-energy-stocks-1851432722
She's currently six months pregnant with her fourth child. www.mirror.co.uk/news/uk-news/mum-took-cocaine-funeral-before-32666846
Buttigieg says Boeing must meet FAA quality plan before raising 737 MAX output: U.S. Transportation Secretary Pete Buttigieg said on Wednesday that Boeing must ...
reuters.com/business/aerospace-defense/buttigieg-says-boeing-must-meet-faa-quality-plan-before-raising-737-max-output-2024-04-24/
Nvidia stock's rapid rise has reaped huge gains for early retail bulls: Many retail investors got in when the company was a cornerstone of PC gaming ...
markets.businessinsider.com/news/stocks/nvidia-stock-retail-investors-gains-generational-wealth-ai-chips-gpus-2024-4
Amazon: The Margin Train Is Gaining Speed: Amazon remains the cheapest option, by far, for fulfillment, logistics, and customer acquisition ...
seekingalpha.com/article/4685639-amazon-the-margin-train-is-gaining-speed
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Why Are Men With Beards So Much More Attractive? We Have Answers.: With one fake beard, Mark Zuckerberg became an object of thirst.
huffpost.com/entry/why-do-beards-make-so-many-men-so-much-more-attractive_l_6627e6f9e4b096c7bac64da1
Amazon, Meta, IBM, Super Micro, and Other Tech Stocks in Focus Today: Meta Platforms and other Big Tech names including Amazon, Alphabet, Microsoft, Nvidia ...
barrons.com/articles/amazon-meta-ibm-super-micro-tech-stocks-today-71652802
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Why Mastercard Could Be 20% Undervalued: Mastercard has achieved impressive revenue and earnings growth rates, surpassing its closest rivals ...
seekingalpha.com/article/4685646-why-mastercard-could-be-20-percent-undervalued
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Southwest Airlines Earnings Are Likely to Reveal Its True Exposure to Boeing: Southwest Airlines' earnings may be dominated by its reliance on Boeing and ...
barrons.com/articles/southwest-airlines-earnings-stock-price-4f6481b2
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Disappointing Meta forecast pulls down tech peers in extended trade: Disappointing forecasts from Facebook parent Meta Platforms has proven contagious ...
reuters.com/technology/disappointing-meta-forecast-pulls-down-tech-peers-extended-trade-2024-04-24/
JPMorgan Chase CEO Jamie Dimon is concerned the US economy could be in for a repeat of the problems that hampered the country during the 1970s.
"Yes ... Show more yhoo.it/3WfdAU6
Quick Glance: JPMorgan CEO Dimon Praises US Economy
- Jamie Dimon, Chairman and Chief Executive Officer of JPMorgan Chase & Co., speaks to the Economic Club of New York.
- Dimon expressed confidence in a robust U.S. economy with strong employment and healthy consumer finances.
- However, he warned about the potential economic effects of rising national debt, inflation, and geopolitical conflicts.
- Dimon also discussed the need for a more harmonious relationship between lenders and regulators, as well as praised U.S. leadership and economic power.
Meta’s A.I. Assistant Is Fun to Use, but It Can’t Be Trusted: Despite Mark Zuckerberg’s hope for the chatbot to be the smartest, it struggles with facts ...
nytimes.com/2024/04/24/technology/personaltech/meta-ai-facebook-instagram-chatbot.html
Google's cookie delay underscores its ad industry dominance: That even a short delay has such a profound effect on an entire industry underscores how powerful ...
businessinsider.com/googles-cookie-delay-underscores-its-ad-industry-dominance-2024-4
Cisco says hackers subverted its security devices to spy on governments: Technology firm Cisco Systems said that hackers have subverted some of its digital ...
reuters.com/technology/cybersecurity/cisco-says-hackers-subverted-its-security-devices-spy-governments-2024-04-24/
How G.M. Tricked Millions of Drivers Into Being Spied On (Including Me): This privacy reporter and her husband bought a Chevrolet Bolt in December ...
nytimes.com/2024/04/23/technology/general-motors-spying-driver-data-consent.html
Caterpillar, Deere inventories in focus as machinery demand plateaus: Equipment inventories will be in focus when Caterpillar , Deere and CNH Industrial report ...
reuters.com/business/caterpillar-deere-inventories-focus-machinery-demand-plateaus-2024-04-24/
Microsoft and Amazon face scrutiny from UK competition watchdog over recent AI deals
apnews.com/article/microsoft-amazon-anthropic-ai-investment-scrutiny-a52f6409fa6ee9b335ab6801b8e84cde
Quick Glance: UK Watchdog Scrutinizes AI Partnerships Involving Tech Giants
- Britain's competition watchdog is reviewing AI partnerships between Microsoft and Mistral AI, as well as between Amazon and Anthropic.
- Third-party opinions are being sought on Microsoft's hiring of former Inflection AI employees and related arrangements.
- The CMA is already investigating Microsoft's partnership with Open AI and is awaiting requested information from the companies.
- Views are invited until May 9 before formal investigations begin on the partnerships.
Blackstone (BX) Hires Morgan Stanley’s Dan Leiter for Senior Credit Role: Blackstone Inc. is hiring a senior executive from Morgan Stanley to become head of ...
bloomberg.com/news/articles/2024-04-24/blackstone-hires-morgan-stanley-s-leiter-for-senior-credit-role
Exxon, Chevron Earnings Are Coming. Giants Spar Over South America's Oil Jewel.
investors.com/news/exxon-mobil-chevron-earnings-supermajors-spar-over-guyana/
Oracle plans to move headquarters to Nashville: Oracle plans to move its headquarters to Nashville, four years after departing Bay Area
sfchronicle.com/tech/article/oracle-hq-nashville-19418940.php
Tesla stock price up 14% on Q1 earnings, Musk commits to affordable car: "We're updating our future vehicle lineup to accelerate the launch of our low-cost ...
markets.businessinsider.com/news/stocks/tesla-stock-price-q1-earnings-elon-musk-affordable-car-plans-2024-4
Stock market today: Tesla jumps as Musk's EV promises charm investors: Despite missing expectations for the first quarter, Tesla stock still staged a comeback in ...
markets.businessinsider.com/news/stocks/tesla-stock-price-elon-musk-affordable-electric-cars-earnings-2024-4
Citi Eyes $2 Billion Debt Package for Berry, Glatfelter Deal: Citigroup Inc. and Wells Fargo & Co. are preparing a $2 billion debt package to support Berry ...
bloomberg.com/news/articles/2024-04-24/citi-eyes-2-billion-debt-package-for-berry-glatfelter-deal
Golden Age For EM Bonds: Sharply rising precious metals prices and strong fiscal and monetary stances in EM bonds may provide opportunities for emerging markets ...
seekingalpha.com/article/4685594-golden-age-for-em-bonds
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On this episode of the Elon, Inc. podcast,we discuss Tesla's biggest layoffs to date and why Elon Musk's rationale may be more than just about cost reduction ... Show more omny.fm/shows/elon-inc/the-most-important-earnings-of-elons-life
Oracle plans to move headquarters to Nashville: Oracle plans to move its headquarters to Nashville, four years after departing Bay Area
sfchronicle.com/tech/article/oracle-hq-nashville-19418940.php
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