Shares of Palo Alto Networks dropped over 25% this week after the cybersecurity giant lowered its revenue and billings guidance for fiscal year 2024, despite the stock's 50% increase in the last 12 months.
The Mega Millions jackpot has reached $525 million, with the next drawing set for Friday, February 23, 2024.
The S&P 500 and Dow Jones Industrial Average close the week at record highs after Nvidia's fourth-quarter earnings drove a market rally, with sector trends showing a broadening of the rally and some tech stocks experiencing losses.
Booking Holdings Inc. experienced a sharp decline in stock value due to a disappointing forecast for travel reservations and gross bookings, influenced by the war in Israel and currency fluctuations.
Media organizations, such as Vice and Gawker, often delete their websites when they shut down, leading to the loss of valuable articles and work for journalists, but the cost and technical challenges of maintaining a defunct website are affordable and manageable.
Nvidia, the chipmaker known for gaming and graphics GPUs, has reached a market valuation of $2 trillion, becoming the first chipmaker to cross this milestone.
Houston's barbecue scene offers a diverse and innovative take on traditional Texas barbecue, with restaurants like Blood Bros. BBQ, The Pit Room, Tejas Chocolate + BBQ, and Gatlin's BBQ bringing unique flavors and influences to the table.
United Airlines is raising its fees for checking bags on domestic flights by $5, following a similar move by American Airlines, with the fee for a first checked bag now being $35 if paid online in advance.
The increase in cyberattacks and the lack of prosecution pose a threat to infrastructure and national security, with the government failing to take action, according to law professor Carl Szabo.
The husband of a former BP manager has pleaded guilty to securities fraud and agreed to hand over $1.7 million in ill-gotten gains after profiting from stock trades based on information he acquired by eavesdropping on his wife's calls while she worked remotely from home for the energy giant.
Reddit's biggest risk factor for its upcoming IPO is its dependence on Google for traffic and revenue.
The Mega Millions jackpot has grown to at least $525 million, with numbers like 4, 48, and 23 being among the least likely to be drawn, while numbers like 56, 4, and 7 are the most likely; plus, the drawings are held every Tuesday and Friday at 11 p.m. ET.
Avast, a security and privacy software company, has been fined $16.5 million by the Federal Trade Commission (FTC) for collecting and selling users' browser information to more than 100 other companies through an entity known as Jumpshot, despite claiming that the data would be anonymous and aggregate. Avast must now pay the fine, cease selling browsing data, obtain express consent for future data gathering, and implement a comprehensive privacy program.
United Airlines is raising checked bag fees by $5 for most travelers flying coach within North America, bringing the cost of the first checked bag to $40, following a trend among other U.S. carriers.
Toyota is recalling around 280,000 trucks and SUVs due to a transmission issue that causes the engine to receive power even when the vehicle is in neutral, potentially causing unintended forward movement.
Pharmacies across the US are facing disruptions in insurance processing due to a cyberattack, leaving individuals to choose between paying out of pocket for critical care or risking the health consequences of not receiving treatment.
The Cleveland Auto Show is back in town, featuring a variety of new cars, prototypes, classic cars, and off-road vehicles, as well as offering Ride N' Drives and the opportunity to adopt a puppy.
Google's Gemini AI tool generated "embarrassing and wrong" images due to tuning issues, producing inaccurate historical depictions and overcompensating in some cases while refusing to generate specific images of individuals based on ethnicity, leading Google to apologize for the feature and commit to improving it before reenabling.
Capital One's acquisition of Discover Financial Services in a $35 billion all-stock deal could result in increased merchant acceptance of Discover cards and the potential for more lucrative credit card offers, although the merger is facing opposition from politicians concerned about reduced competition and higher fees for consumers.
Jeep has reduced its prices and made lineup adjustments in an effort to increase market penetration and share, particularly in anticipation of the launch of its all-electric vehicles in North America, as the automaker faced declining sales, quality issues, and rising competition.
MercadoLibre's recent earnings report presents a potential buying opportunity despite a post-earnings crash.
EV manufacturer Rivian is laying off 10% of its workforce due to pricing pressures in the EV market, following previous rounds of layoffs; Lucid Motors and Ford have also cut prices on their electric vehicles amidst softening demand, indicating a maturation of the EV market and increased price consciousness among consumers.
Google co-founder Sergey Brin faces a wrongful death lawsuit alleging that he continued partying on his private island in Fiji while his pilots crashed into the ocean and died.
Rivian stock hits an all-time low and earns a double downgrade following disappointing Q4 results, prompting the EV maker to lay off employees and focus on cost reduction in 2024.
Carvana stock surged 40% after posting its first-ever annual profit and issuing better-than-expected guidance, marking a turnaround for the company that was facing bankruptcy speculation in 2022.
Economists believe that the chance of a recession in the next year is now at its lowest since mid-2022, with a 40% probability, as inflation has slowed and the economy has remained strong; landlords are starting to raise rents after months of stability; and the Federal Reserve is willing to take its time on rate cuts, with investors predicting a summer rate cut at the earliest.
Celebrity real estate agent Mauricio Umansky warns about the unaffordability crisis in the housing market, emphasizing the need for pain and supply to restore affordability and for the government to intervene and limit hedge funds' impact on the market.
The Federal Trade Commission is taking action against H&R Block for deleting consumers' tax data and deceptively marketing their products as "free," resulting in both time and financial costs for consumers.
The FDA has approved Xolair, a drug commonly used to treat asthma, to help reduce severe allergic reactions to certain foods, making it the first medication to address accidental food exposure and anaphylaxis.
Investors are lowering their expectations for interest rate cuts in 2024 due to new inflation data and cautious comments from Federal Reserve officials, with markets now pricing in three cuts instead of the previous consensus of six cuts.
Score big savings on Amazon with deals up to 80% off, including Apple AirPods for under $100 and a cordless stick vacuum for just $90, plus discounts on kitchen tools, beauty products, clothing, and more.
Google disabled image generation in Gemini following criticism about its historical accuracy, but plans to improve the feature significantly before turning it back on and will take action whenever issues are identified.
Opening a 3-month CD can be a smart move to take advantage of high interest rates and protect your savings.
Mercedes-Benz is delaying its plans to go all-electric by 2030 and will continue producing vehicles with combustion engines until the next decade, citing weak demand for EVs in the US and Europe as a reason for the shift.
Luxury EV maker Lotus Technology is debuting on the Nasdaq via a SPAC merger, allowing the company to execute its growth strategy and expand into new markets.
Media giant Warner Bros. Discovery reported worse-than-expected quarterly earnings, mainly due to underperforming movies, causing shares to drop over 9%.
AT&T's recent network outage and the decreasing prevalence of landline phones in households highlight the shift towards wireless-only communication in the US, despite concerns about the reliability of wireless networks during emergencies.
The Hornblower Group, which operates the Alcatraz City Cruise tour, has filed for bankruptcy due to financial struggles caused by the COVID-19 pandemic.
Sophos X-Ops is warning about a wave of attacks targeting unpatched ConnectWise ScreenConnect installations, which can lead to the deployment of malware and ransomware by threat actors.
Google cofounder Sergey Brin is facing a wrongful-death lawsuit after a plane crash that killed two crew members due to an improperly fitted auxiliary fuel tank, with the lawsuit also alleging intentional delays in the recovery process.
US stocks lost momentum on Friday following a record-breaking rally fueled by Nvidia's blowout earnings, with the S&P 500 and Dow Jones retreating from earlier gains, while the Nasdaq Composite also reversed course and slipped.
Volvo plans to sell 62.7% of its stake in electric vehicle maker Polestar, while trimming its funding, in order to focus on Volvo Cars' development and invest in its transition to becoming an all-electric automaker by 2030.
Shares of fintech company Block (SQ) are soaring after it reported fourth-quarter earnings that exceeded Wall Street's revenue expectations, driven by strong performance from its Cash App service and a focus on unlocking the earnings power of the business, including a potential partnership with independent software vendors and a strategic shift towards the mid-market.
Reddit expects to earn $203 million from licensing its data to AI companies, including a deal worth $60 million per year with Google, over the next three years, despite legal uncertainties around fair use of the data.
Warner Bros. Discovery's share price has dropped by 11% after weak quarterly numbers, which included a lack of a full-year 2024 forecast, leaving investors concerned and challenging confidence in the company's future performance.
Despite the increasing prevalence of mobile phones in the United States, landlines proved to be a useful alternative during a recent cellphone service outage, highlighting their declining but sometimes essential role in modern society.
A husband made $1.7 million through insider trading after eavesdropping on his wife's work calls and acting on sensitive business information about BP's acquisition plans.
Crude oil prices drop as Federal Reserve officials signal a delay in interest rate cuts, affecting market growth and demand, while OPEC+ remains cautious about scaling back production cuts until prices reach around $90 a barrel.
Over 120,000 gun safes have been recalled due to faulty biometric systems that may allow unauthorized users to open them, posing risks of injury or death; the affected safes were manufactured by Bulldog Cases, Machir, MouTec, and Awesafe and were sold at various retailers including Walmart and Amazon.
Rivian's profitability and cash flow are being hindered by weaker demand for electric vehicles (EVs) and a strategy that is not conducive to current market conditions, leading analysts to downgrade the stock and anticipate a significant capital raise in the future.