Apple has reportedly ended its electric car project after a decade of investment, shifting focus to artificial intelligence (AI), a decision that was approved by the markets.
The Mega Millions jackpot is now a staggering $607 million after no tickets matched the winning numbers in Tuesday night's drawing, with the next drawing set to take place on Friday, March 1.
Investment management firm Jackson Peak Capital had a successful fourth quarter in 2023, with a net return of +9.9%, and featured NVIDIA Corporation as one of its top holdings due to its involvement in the data center infrastructure buildout and AI chips arms race.
Mark Zuckerberg is on a personal trip in Japan, indulging in Japanese culture by learning about making katanas and enjoying meals at McDonald's, while also meeting with Meta's developers and the Japanese Prime Minister to discuss AI.
Mark Zuckerberg discussed ways to deepen Meta Platforms Inc.’s strategic alliance on extended-reality technology with LG Electronics Inc., focused on XR devices, large language models, and integrating AI into consumer devices to create a distinctive ecosystem in collaboration with LG’s content and TV business.
Apple has reportedly cancelled its plans to build electric vehicles and will instead focus on artificial intelligence, as the market demand for EVs is not strong enough, according to experts.
Shares of plant-based meat company Beyond Meat surged more than 73.5% in after-hours trading as investors reacted positively to the company's restructuring plans aimed at reducing costs and achieving sustainable profitability, despite reporting a wider fourth-quarter loss.
China's largest real estate developer, Country Garden, is facing a creditor's petition to shut down its operations and liquidate its assets to repay debts, adding to the ongoing housing crisis in the country.
Employees at a Dairy Queen in Kentucky were allegedly forced to eat ice cream contaminated with cleaning solution as punishment for not cleaning the machine properly.
Chinese property developer Country Garden faces a liquidation petition after defaulting on a loan, adding to concerns about China's real estate crisis.
Four eye ointments sold at CVS and Walmart have been voluntarily recalled due to concerns about the sterility of the products, which may pose a risk of eye infections or related harm.
Apple is ending its decade-long electric car project and Elon Musk responded with a post on Tuesday, stating "The natural state of a car company is dead."
The value-store chain Family Dollar has been fined $41.7 million for distributing food, drugs, medical devices, and cosmetics from a rodent-infested warehouse in Arkansas, marking the largest-ever financial penalty in a food safety case.
SoundHound stock has surged over 220% this year after Nvidia disclosed its ownership of 1.73 million shares, while institutional ownership of the stock has also increased.
Apple has reportedly ended its plans to build a self-driving electric car, instead shifting employees working on the project to divisions focused on artificial intelligence, potentially resulting in layoffs.
OpenAI has accused The New York Times of attempting to "hack" ChatGPT by paying someone to generate verbatim paragraphs from articles, while The New York Times believes users of OpenAI's technology could bypass its paywall and read stories for free, leading to a lawsuit between the two parties.
A Washington mother unknowingly held onto a lottery ticket worth $135,000 for five months before discovering her jackpot.
CEOs, founders, and heirs of high-profile companies are selling large amounts of stock amidst all-time-high share prices, potentially taking advantage of tax breaks and preparing for potential political and market changes in the future.
DirecTV is working to resolve widespread satellite television service outages caused by a "satellite positioning issue" that affected customers across Southern California and the country.
Google's AI tool, Gemini, has faced backlash due to its politically correct but absurd responses and inaccurate image generation, highlighting the challenges of bias in AI training data and the complexities of historical nuances. Fixing the issue may not be an easy task, requiring a human element in decision-making.
The Justice Department has launched an antitrust investigation into UnitedHealth Group, focusing on issues such as relationships between UnitedHealth's insurance unit and its health-services-arm.
Oreo is releasing two new flavors, Dirt Cake and Tiramisu Thins, with the former being available for a limited time and the latter becoming a permanent addition to their cookie lineup.
Bumble, a leading online dating company, has reported disappointing financial results, leading to job cuts and an app overhaul in an effort to revive growth and compete against its main rival, Match Group.
Renault's CEO, Luca de Meo, believes European manufacturers must not give up despite Chinese and US brands dominating the electric car market, as Renault launches its new Renault 5 EV to catch up with overseas rivals and prove that small electric cars can be popular and profitable.
Restaurants across the US are implementing surge pricing, allowing them to increase menu prices by 10-20% during peak times, resulting in significant profits, although some customers are expressing concern over rising food prices.
The U.S. Department of Justice has initiated an antitrust investigation into UnitedHealth Group, focusing on the company's relationships between its insurance unit and health services arm, as well as its doctor-group acquisitions and Medicare billing practices.
A panel appointed by the Federal Aviation Administration found a "disconnect" between Boeing's senior management and employees on safety culture and other issues, criticizing the company's inadequate implementation of safety procedures and calling for an action plan to address the concerns within six months.
Beyond Meat reported a big fourth-quarter loss but saw its stock skyrocket overnight due to plans to cut operating costs and make other adjustments.
Eye ointments sold at some Walmart and CVS stores have been recalled due to potential unsanitary conditions at the manufacturing facility in India, posing a risk of eye infections or harm to users.
Wendy's plans to introduce dynamic menu pricing that will fluctuate based on the time of day, following the model of surge pricing used by rideshare companies and airlines, allowing them to increase profits during peak hours and incentivize customers to visit during less busy times.
Devon Energy reported a 3.6% decline in revenue and a decrease in EPS for the quarter, but exceeded the Zacks Consensus Estimate, while key metrics related to production and prices were generally in line with or slightly above analyst estimates.
WK Kellogg CEO Gary Pilnick sparked controversy and social media backlash after suggesting that cash-strapped consumers should save money by eating cereal for dinner, leading many to criticize the insensitive and out-of-touch comment.
A U.K. four-day workweek pilot has shown lasting benefits, with improvements in physical and mental health, work-life balance, and job satisfaction, leading many companies to make the policy permanent.
Bitcoin (BTC) reaches $57,000, approaching its all-time high, driven by excitement over new bitcoin exchange-traded funds and investor optimism, with experts predicting a potential price of $125,000 by the end of 2025.
U.S. shale producer Devon Energy reported a fall in fourth-quarter profit due to lower oil and gas prices and forecast a 2% impact in first-quarter production due to severe winter weather.
Wendy's plans to experiment with dynamic pricing at its company-owned stores, using digital menu boards and AI-enabled menu changes to optimize prices and enhance the customer experience starting in 2025.
Shares of Paramount Global (PARA) are down significantly year-over-year, and investors are closely watching the company's fourth-quarter report amid potential mergers and acquisitions (M&A) and the continued struggles of its television, film, and streaming arms.
Beyond Meat's stock soared by as much as 103% in after-hours trading after the company reported a net loss in its fiscal fourth quarter but provided a positive outlook for 2024, including a forecast of gross margins in the mid- to high-teens and a sales guidance of $315 million to $345 million.
Virgin Galactic's shares fell in after-hours trading after the company reported better-than-expected earnings per share but missed revenue expectations and provided a cautious outlook for the first quarter of 2024.
401(k) investors saw an increase in their account balances in 2023, with the average balance rising to $118,600, and the number of accounts with balances of at least $1 million increasing by 20% in the fourth quarter, according to data from Fidelity Investments.
EBay's stock rose 3% in after-hours trading following the release of quarterly results that exceeded expectations, which included an increased dividend and a $2 billion stock repurchase program.
Wendy's fast-food chain plans to introduce surge pricing, or dynamic pricing, that adjusts prices based on demand, a move that has received mixed reactions from consumers and experts alike.
Toyota is recalling around 381,000 Tacoma pickup trucks due to an issue with parts falling off the rear axle, which can increase the risk of a crash.
Stocks were mixed on Tuesday, with the S&P 500 and Nasdaq Composite slightly higher as investors await key inflation data later in the week, while Macy's stock rose after announcing store closures and Viking Therapeutics saw a significant increase in its share price following positive trial results for its weight-loss drug.
Analysis from the DataTrek team suggests that historical trends indicate U.S. stocks are not in a bubble, as the S&P 500 has consistently experienced significant gains in the three years preceding bubble peaks, despite the recent strong performance and concentrated market.
Apple is discontinuing its autonomous electric car project, cutting hundreds of employees and shifting some to generative AI projects, due to changing priorities and increased competition in the automotive sector.
Exxon Mobil CEO Darren Woods acknowledges that the world is not currently on track to achieve net-zero emissions by 2050, but emphasizes that the cost of reducing emissions is a significant barrier and both governments and individuals need to be willing to pay for it.
Reddit is going public with an IPO, reporting $804 million in revenue last year but still facing losses, primarily due to high spending on research and development, which accounted for 55% of its revenue.
Wendy's plans to test dynamic pricing, or surge pricing, by raising and lowering prices based on demand, causing backlash from customers and a slight dip in the company's shares.
Apple Inc (NASDAQ:AAPL) stock, despite a 6.5% decline in 2024, is within range of hitting a new record high due to a historically bullish trendline and may be a good time for options speculation.