Barclays downgrades a string of retail stocks as its hopes for a V-shaped recovery fade
Many retailers had expected sales in the first half of this year to be weak, followed by a pickup in the second half. Barclays says this is less likely.
Who’s the next Chegg? A.I. could threaten the main revenue sources for these companies
Tuesday’s selloff in Chegg shares exposed some investors to the potential drawbacks of artificial intelligence
PacWest falls more than 20% as regional bank stocks slide to new lows
Regional bank stocks saw their losses for the week deepen as investors digest the failure of First Republic.
Europe markets close 1.2% lower as Fed meeting kicks off; oil and gas stocks down 4.5%
European markets dropped Tuesday as investors awaited the start of the U.S. Federal Reserve’s monetary policy meeting.
That simple ‘hi’ text from a stranger could be the start of a scam that ends up costing you millions
“Pig butchering” operations run out of Asia but target victims globally, with scammers promising love and wealth to get their victims to invest their fortunes.
Nearly 25% of jobs are set to be disrupted in the next five years — and A.I. could play a key role: World Economic Forum
WEF expects there to be 14 million fewer jobs overall in five years’ time as labor markets face an overhaul from AI and a slew of other factors.
Chegg shares drop more than 40% after company says ChatGPT is killing its business
Chegg beat first-quarter expectations on the top and bottom lines but issued a weak second-quarter revenue outlook.
Crypto exchange owned by embattled conglomerate Digital Currency Group loses top global exec
Vijay Ayyar, Luno’s vice president of corporate development and international, resigned from the firm after seven years working there.
Samsung bans use of A.I. like ChatGPT for employees after misuse of the chatbot
Samsung confirmed on Tuesday that it is temporarily restricting the use of generative AI products, such as ChatGPT, through the company’s personal computers.
One-pilot planes are a possibility as aviation embraces A.I., Emirates president says
One-pilot planes could be on the horizon thanks to rapid developments in artificial intelligence, Emirates President Tim Clark told CNBC.
