A technology stock “meltup” put the Nasdaq-100 index on the verge of exiting bear-market territory Thursday. indexNDX, +3.38%, Heavily weighted toward megacap names, it was up 2.9% at 12,727 Thursday afternoon, and traded as high as 12,880.98. A close at or above 12,815.21 would mark a rise of 20% from its Oct. 17 low close …
Tech stock ‘meltup’ puts Nasdaq-100 on verge of exiting bear market Read More »
In this photo illustration, the Penn Entertainment logo is displayed on a smartphone mobile screen. Rafael Henrique | SOPA Images | Lightrocket | GettyImages Penn Entertainment On Thursday he became the first US gambling company to post a profit in its sports betting business during the final three months of a year. Usually, it’s tougher …
Penn sports betting business posts fourth quarter profit Read More »
CNN — Without cracking a single textbook, without spending a day in medical school, the co-author of a preprint study correctly answered enough practice questions that it would have passed the real US Medical Licensing Examination. But the test-taker wasn’t a member of Mensa or a medical savant; it was the artificial intelligence ChatGPT. The …
New York CNN — An unopened first-generation iPhone from 2007 is hitting the auction block Thursday – with an estimated value of $50,000. Originally on sale for $599, the first iPhone offered early Apple adopters a 3.5-inch screen with a 2-megapixel camera, plus 4 GB and 8 GB storage options, internet capabilities and iTunes. It …
A first generation iPhone going up for auction hopes to fetch $50,000 Read More »
Tom Brady #12 of the New England Patriots celebrates with team owner Robert Kraft after defeating the Seattle Seahawks 28-24 during Super Bowl XLIX at University of Phoenix Stadium on February 1, 2015 in Glendale, Arizona. Tom Pennington | GettyImages New England Patriots owner Robert Kraft wants Tom Brady to re-sign with the team for …
Robert Kraft wants Tom Brady to retire with the Patriots Read More »
Ford workers produce the electric F-150 Lightning pickup on Dec. 13, 2022 at the automaker’s Ford Rouge Electric Vehicle Center (REVC). Michael Wayland | @CNBC DETROIT – Ford Motor’s New US vehicle sales started 2023 on stronger footing than a year earlier, but were down 18.4% from December. January is historically one of the weakest …
Ford January 2023 sales boosted by F-Series and Bronco Read More »
Hong Kong/London CNN — Shell made a record profit of almost $40 billion in 2022, more than double what it raked in the previous year after oil and gas prices soared following Russia’s invasion of Ukraine. Europe’s largest oil company by revenue reported adjusted full-year earnings of $39.9 billion on Thursday — more than double …
Shell posts profit of nearly $40 billion and announces $4 billion in buybacks Read More »
Image: Kotaku/Shutterstock/Kevin Dietsch (GettyImages) Facebook’s parent company, Meta, is having a decent day today after beating revenue and user activity forecasts for its final fiscal quarter of 2022. But its VR division isn’t helping the company make money. In fact, it’s costing the company billions in losses. While it’s true that Meta’s stock is rising …
Facebook’s VR Division Lost $13.72 Billion In 2022 Read More »
Credit Agricole CIB has declared two quantum computing experiments – one investigating the valuation of financial products, the other the assessment of credit risks – a success. The bank teamed up with French quantum computer manufacturer Pasqal and Spanish quantum algorithm specialist Multiverse Computing 18 months ago on the experiments. The first assessed the performance …
Credit Agricole CIB hails quantum computing experiment results Read More »
New York CNN — The Federal Reserve unanimously approved a quarter-point interest rate hike Wednesday, slowing the pace of its increases in a clear sign that the central bank is seeing progress in its fierce battle with inflation. The decision, at the conclusion of the Federal Open Market Committee’s first meeting of 2023, comes after …
The Fed approves the smallest rate hike since March, with no improved inflation outlook Read More »
