Tech giants are pouring money into A.I. as they cut costs elsewhere
In their calls with analysts this week, Alphabet, Microsoft, Amazon and Meta emphasized their hefty investments in large language models.
Fed report on SVB collapse faults bank’s managers — and central bank regulators
The Fed blamed failures on mismanagement and supervisory missteps, compounded by a dose of social media frenzy.
This Chinese social media platform is a buy that can surge 60%, UBS says
The stock is due for a rebound given China reopening, improving year-over-year comparisons and better cost discipline.
United Airlines’ plan to revamp narrow-body cabins faces supply chain delays
The upgrades include bigger premium cabins, seat-back screens, Bluetooth capabilities and other amenities.
Chinese hackers outnumber FBI cyber staff 50 to 1, bureau director says
Wray said the country has “stolen more of our personal and corporate data than all other nations—big or small—combined.”
Key inflation gauge for the Fed rose 0.3% in March as expected
The personal consumption expenditures price index excluding food and energy increased 0.3% for the month.
Benchmark upgrades Intel, says investors should get constructive on chip stock after earnings
Intel beat on the top and bottom lines in its first quarter, and also posted its largest-ever quarterly loss.
Pinterest’s guidance is disappointing, but its Amazon partnership shows promise, analysts say
Pinterest said Amazon will be its first partner for third-party ads, which analysts say will be a “meaningful unlock” for demand.
Wall Street analysts say Amazon is still a buy, but investors should ‘stay patient’ on AWS
They said traders should look toward margin upside for Amazon, as well as the long-term opportunity in cloud services.
These are the top Senate races to watch in 2024
Democrats are defending multiple Senate seats in states that voted for former President Donald Trump over President Joe Biden in the last presidential race.
