Tag Archives: rises

BuzzFeed stock rises more than 120% after company announces plans to use ChatGPT

BuzzFeed stock rises more than 120% after company announces plans to use ChatGPT

BuzzFeed (BZFD) is planning to heavily lean on AI-generated content. News that sent shares of the company exploding higher, rising as much as 150% in afternoon trade. According to an internal memo obtained by Yahoo Finance, and first reported by The Wall Street Journal, the company plans to utilize ChatGPT creator OpenAI to generate and personalize some of its content and enhance its quizzes. “To fulfill the promise of our mission, we need to build a stronger business foundation by executing a… Source link

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Home builder confidence rises for first time in a year as housing market hits ‘a turning point’

Home builder confidence rises for first time in a year as housing market hits ‘a turning point’

Confidence among U.S. single-family home builders rose in January for the first time in a year, ending a 12-month stretch of declines and potentially signaling a turning point in the housing market. The National Association of Home Builders/Wells Fargo’s gauge of builder sentiment increased 4 points this month to 35, figures released Wednesday showed. Still, any figure below 50 is considered negative. “Probably past the worst, but a sustained improvement will have to wait,” Kieran Clancy,… Source link

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U.S. payrolls grew by 261,000 in October, unemployment rate rises to 3.7%

U.S. payrolls grew by 261,000 in October, unemployment rate rises to 3.7%

The U.S. economy added more jobs than expected in October even as the Federal Reserve pressed on with the central bank’s most aggressive monetary tightening campaign in decades. Here are the highlights from the Labor Department’s monthly jobs report released Friday, compared to consensus estimates from Bloomberg: Non-farm payrolls: +261,000 vs. +195,000 expected Unemployment rate: 3.7% vs. 3.6% expected Average hourly earnings, month-over-month: +0.4% vs. +0.3% expected Average hourly earnings,… Source link

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Robinhood Q3 earnings beat estimates, stock rises after hours

Robinhood Q3 earnings beat estimates, stock rises after hours

Retail trading app Robinhood (HOOD) reported third quarter-earnings Wednesday showing the company beat revenue and earnings estimates thanks to higher interest earned from rising rates. But the platform fell short on maintaining monthly active users at consensus expectations. It lost 1.8 million monthly active users for the period, a quarterly decrease of 12.8% to 12.2 million, the lowest level since it listed as a publicly traded company. Shares of HOOD, which have sold off more than 33% year… Source link

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Core US Inflation Rises to 40-Year High, Securing Big Fed Hike

Core US Inflation Rises to 40-Year High, Securing Big Fed Hike

(Bloomberg) — Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast. Most Read from Bloomberg A closely watched measure of US consumer prices rose by more than forecast to a 40-year high in September, pressuring the Federal Reserve to raise interest rates even more aggressively to stamp out persistent inflation. The core consumer price index, which excludes food and energy, increased 6.6% from a year ago, the highest level since 1982, Labor Department… Source link

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