Stock and bond trading suggest that investors see an imminent deal to raise the debt limit and prevent the federal government from defaulting. Story Published at: May 26, 2023 at 12:24PM Continue Reading…
Is a Debt Deal Nigh? The Market Sees Signs of Optimism.
Carl Icahn’s Battle with Illumina Comes to a Head
Shareholders are set to vote on Thursday whether to back the gene-sequencing company’s incumbent board or candidates named by the activist investor. Story Published at: May 25, 2023 at 12:45PM Continue Reading…
This Changes Everything
I have tried to spend time regularly with the people working on A.I. I don’t know that I can convey just how weird that culture is. Story Published at: March 12, 2023 at 10:00AM Continue Reading…
ChatGPT Gets Fresh Competition
Google and Baidu are set to introduce their own A.I.-powered chatbots to challenge OpenAI, Microsoft and the rising popularity of ChatGPT. Story Published at: February 7, 2023 at 12:33PM Continue Reading…
Tech Earnings Give a Wake-Up Call to Investors
Apple, Amazon and Alphabet all reported disappointing quarterly results, as they emphasized efforts to cut costs in the face of an economic slowdown. Story Published at: February 3, 2023 at 01:08PM Continue Reading…
Live Nation Faces a Skeptical Senate
The company’s grip on ticket sales, and its move last year to cancel sales for Taylor Swift’s upcoming tour, will be a big focus of an antitrust-focused hearing. Story Published at: January 24, 2023 at 12:44PM Continue Reading…
Alphabet’s Profit Drops 27 Percent From a Year Earlier
Google’s parent company reported earnings that were below analysts’ expectations, bringing in $13.9 billion in profit on $69.1 billion in sales. Story Published at: October 25, 2022 at 09:37PM Continue Reading…
After a Big Rate Increase, Markets Fear a Recession
The Federal Reserve has more jumbo-size interest rises planned, stoking fears of downturns in the housing, labor and stock markets. Story Published at: September 22, 2022 at 12:40PM Continue Reading…