Updated Feb 26, 2024, 04:14pm EST Topline Google parent Alphabet lost some $90 billion in market value Monday as controversy over the Silicon Valley giant’s generative artificial intelligence product made its way to Wall Street. significant headaches from his company’s generative AI chatbot. AFP via Getty Images Key Facts Shares of Alphabet fell 4.5% to $138.75 Monday, closing at its lowest price since Jan. 5 and registering its second-steepest daily loss of the last year. … Source link
Read More »Stocks close sharply higher as Nike, consumer sentiment spur Wall Street rebound
U.S. stocks rallied Wednesday as strong earnings from Nike and FedEx, along with upbeat consumer confidence data, lifted sentiment after a recent bout of selling. The S&P 500 (^GSPC) surged 1.5%, while the Dow Jones Industrial Average (^DJI) jumped more than 500 points, or 1.6%. The technology-heavy Nasdaq Composite (^IXIC) also advanced 1.5%. An upbeat gauge of consumer confidence helped raise the mood on Wednesday. The Conference Board’s Consumer Confidence Index rose to 108.3 this month… Source link
Read More »BofA warns oil could hit $100 this winter and spur crisis — protect yourself this way
BofA warns oil could hit $100 this winter and spur crisis — protect yourself this way The worldwide energy crunch could push oil prices above $100 a barrel for the first time in years and trigger a global economic crisis, Bank of America warned on Friday. “[O]il prices could spike and lead to a second round of inflationary pressures around the world,” analysts including Francisco Blanch wrote in a note. “Put differently, we may just be one storm away from the next macro hurricane.” Of… Source link
Read More »CDC guidance could spur ‘head-butting’ in the workplace over masks
The federal government made an about-face to its mask guidance on Tuesday, advising even some vaccinated people to wear masks indoors — making a decision that could push employers to rethink how they go about reopening their doors. The updated guidance from Centers for Disease Control and Prevention (CDC) says due to the spread of COVID-19’s Delta variant, fully vaccinated people should wear a mask indoors in public in areas with ”substantial or high transmission.” The guidance also… Source link
Read More »Elon Musk SpaceX Dogecoin tweet fails to spur price
Elon Musk said that the satellite, dubbed Doge-1, would be the first-ever crypto in space and the ‘first meme in space’. Photo: Hannibal Hanschke/Reuters A tweet from Elon Musk saying that his SpaceX company would accept dogecoin (DOGE-USD) to fund a lunar mission next year failed to spur the price of the cryptocurrency on Monday. Dogecoin, which had been rallying last week as internet users tried to push the value of the coin to $1 (£0.70), was lower on the day, down 1.1% to $0.53. The Tesla… Source link
Read More »Institutional Investors Are Pressuring Boards To Focus On Whistleblower Protections. Could That Spur Change At Google?
A shareholder resolution calls for a third-party audit of Google’s whistleblower policies. SOPA Images/LightRocket via Getty Images A year after Alphabet’s board voted against a measure to review its whistleblower protections, one of its shareholders is pushing the measure again in the hope that institutional investors will bolster support for the effort in light of high profile firings at its subsidiary, Google and complaints of illegally spying on employees. Brought by Trillium… Source link
Read More »Urban Meyer could spur college coaches to jump to pros
Urban Meyer’s name shot through the NFL stratosphere on Sunday after an ESPN report indicated at least two NFL franchises made initial contact about him being their next head coach. Meyer becoming an NFL coach could become a reality over the next 10 days or so, as sources confirmed to Yahoo Sports that there has been outreach by multiple franchises to gauge Meyer’s interest. The news broke on a day when Jacksonville solidified itself as perhaps the NFL’s most intriguing destination, as Source link
Read More »