Vice Media plans to lay off several hundred employees and cease publishing material on its Vice.com website, as the company faces financial challenges in the media industry.
Four companies, Bulldog Cases, Machir, MouTec, and Awesafe, have recalled gun safes due to faulty biometric locks that allowed unauthorized users to open them, affecting a total of 120,520 units sold by various retailers.
Nvidia's earnings have soared well beyond its stock price, leading to a multiple contraction, and its stock surged 16% after beating revenue expectations and projecting higher first-quarter sales.
Google blocked the image generation feature on its AI tool Gemini after being accused of anti-White bias, in response to a viral post showing images of non-White people generated in response to prompts for "a portrait of a Founding Father of America."
Nvidia CEO Jensen Huang's net worth is close to reaching $70 billion as the company's stock surges due to the booming artificial intelligence industry and impressive earnings, potentially propelling Huang into the ranks of the world's top 20 billionaires.
Pharmacies nationwide are facing delays in prescription orders due to a cyberattack on Change Healthcare, one of the largest healthcare technology companies in the US.
A Texas man made almost $2 million by illegally trading on his wife's conversations with her BP Plc colleagues, without her knowledge, in the latest case of couples eavesdropping while working from home.
Asian stocks rose for a second day, driven by the global equity rally and record highs in markets across the US, Europe, and Japan, with gains fueled by a surge in Nvidia's stock and positive economic data.
Houston man pleads guilty to securities fraud after trading stocks based on inside information obtained from his work-from-home wife's conversations, earning $1.7 million in profits.
APS customers in Arizona can expect an 8% increase and a monthly bill range of $10-12 after the state's corporation commission approved a requested rate hike.
An AT&T network outage lasting nearly 12 hours affected tens of thousands of Americans, hindering phone calls, texts, internet access, and emergency services, raising concerns about potential cyberattacks, although authorities currently have no evidence of malicious activity.
Media company Vice Media is set to cut hundreds of jobs and stop publishing on Vice.com as it seeks to partner with established media companies to distribute its digital content, following its bankruptcy filing earlier this year.
Rivian Automotive, once considered a promising player in the EV market, has faced a setback with a 10% workforce cut and lowered production expectations, leading to a 25% drop in stock price and reflecting the challenges EV companies are facing in terms of falling demand, affordability concerns, and infrastructure limitations.
Elon Musk warned about the challenges facing Tesla rival Rivian and predicted their bankruptcy in approximately six quarters if they fail to cut costs and improve their executive team's productivity.
U.S. health insurance giant UnitedHealth Group's subsidiary, Change Healthcare, has been compromised by suspected government-backed hackers, leading to an ongoing cyberattack that has affected the billing process for millions of Americans and caused downtime in the healthcare industry.
Pacific Gas and Electric Company (PG&E) reported a record profit of $2.2 billion in 2023, nearly a 25 percent increase, after implementing substantial rate hikes at the beginning of the year, drawing criticism from customers who already pay some of the highest energy bills in the country.
Vice Media plans to lay off several hundred employees, stop publishing on Vice.com, and potentially sell its Refinery 29 publishing business as part of its strategic shift amid financial difficulties in the media industry.
Vice Media is shutting down its website and focusing on its studio, laying off hundreds of employees and selling Refinery.com, due to the company's ongoing financial struggles.
Pharmacies across the US are struggling to fill prescriptions due to a cyberattack on UnitedHealth's Change Healthcare business, which processes prescriptions for insurance, with the attack potentially sponsored by a nation-state group.
Sam Altman, CEO of OpenAI, owns an 8.7% stake in Reddit, making him the third-largest shareholder in the company, which recently filed for an IPO and announced a data licensing agreement with Google to generate revenue from its vast user-generated content.
Google has reached a $60 million deal with Reddit to utilize its posts for training AI models and improve services like Google Search, giving Reddit access to Google AI models in return.
AT&T has restored service after a widespread network outage that affected customers across the US, with an initial review showing the cause of the outage may have been an internal error rather than a cyberattack.
Vice Media Group CEO Bruce Dixon is implementing a complete internal restructuring, resulting in layoffs and the discontinuation of Vice's digital publication, as the company transitions to a studio model and explores partnerships with established media companies.
Carvana Co. exceeded profit expectations in Q4 2023 and anticipates improved earnings this quarter, despite challenges posed by high interest rates and inflation.
Carvana gave a strong earnings guidance for the current quarter, leading to an 18.1% increase in their stock, while Copart posted an earnings miss and ACV Auctions delivered a narrower-than-expected loss.
Vice Media is reportedly planning to lay off hundreds of employees and stop publishing on Vice.com as it transitions to a "studio model," according to a memo from Vice Media chief Bruce Dixon.
Reddit, the popular online message board site, has filed for an initial public offering (IPO) in an effort to expand its presence and profile, with plans to list on the New York Stock Exchange under the ticker symbol "RDDT" and offering shares to top users based on their Reddit "karma."
Vice Media CEO Bruce Dixon confirms that the company will lay off several hundred staffers and transition to a "studio model" to sell its content to other outlets, resulting in the discontinuation of content on vice.com.
Vice Media Group is set to cut "several hundred" jobs and cease publishing content on its own website, vice.com, as part of a major restructuring that will prioritize social channels and distribution partnerships with established media companies. The company is also in advanced discussions to sell Refinery29, a women-focused media company it acquired in 2019.
Square-parent Block (SQ) reported Q4 earnings that missed estimates, but revenue slightly beat expectations, and Q1 guidance for SQ stock exceeded expectations.
MercadoLibre's stock slid after reporting better-than-expected sales but lower earnings due to one-off tax hits, causing the stock to drop 8% in after-hours trading.
US stocks reached new highs after Nvidia's impressive earnings report, with the S&P 500 and Dow Jones Industrial Average hitting record highs and the tech-heavy Nasdaq closing in on its all-time high, driven by investor optimism.
Global airlines earned over $33 billion in revenue from bag fees in 2023, accounting for 4.1% of their total revenue and marking a 15% increase from the previous year, according to an annual report.
Moderna's stock surged after beating Wall Street's quarterly expectations and reporting a surprise profit, with plans to continue cost-cutting initiatives, launch a respiratory syncytial virus vaccine, and meet or exceed financial expectations in 2024.
MercadoLibre, the Latin American e-commerce giant, reported a $165 million net profit for the fourth quarter, with higher sales offset by a tax hit, and its net profit fell below analyst expectations due to two one-off tax provisions in Brazil totaling $351 million.
Google's Gemini AI model, which aims to generate diverse images of people, has been criticized for producing historically inaccurate depictions, including Black Vikings and Indigenous people as founding fathers, leading to accusations of anti-white bias; however, this situation highlights the limitations of generative AI systems rather than intentional bias, with the need for further calibration to strike the right balance between representation, diversity, and historical context.
Nvidia and Royal Caribbean stocks rise after strong financial results, while Rivian and Etsy stocks fall due to production concerns and disappointing earnings.
Krispy Kreme offers free doughnuts to customers during the U.S. cell phone outage as a marketing stunt to restore calm.
On National Margarita Day, various restaurant chains nationwide are offering discounts on different margarita variations, including $5 Tequila Trifectas at Chili's, $5 margaritas at Dave & Busters, $10 margarita flights at El Torito, 20% off the 12-pack Key Lime Margarita at Mingle Mocktails, and $4 Grande House Margs at On the Border.
Analysts have identified the 20 top stocks in the artificial intelligence sector with the highest buy ratings and potential upside, including companies like Meituan, Baidu, Tencent, and Nvidia.
Volkswagen is recalling approximately 261,000 vehicles, including Audi A3, VW Jetta, and VW Golf, due to potentially faulty fuel tank suction pumps that may cause fuel leaks and pose fire risks.
Nvidia CEO Jensen Huang becomes the 24th-richest man in the world as his company's stock soars, reporting a $250 billion increase in value in a single day after exceeding analyst expectations.
Jensen Huang, the CEO of chip manufacturer Nvidia, has become the 24th-richest person in the world after Nvidia's stock soared and its market cap surpassed that of Google, with Goldman Sachs calling the company "the most important stock on planet earth."
Tesla CEO Elon Musk may face challenges from the board of directors in his attempt to relocate the company from Delaware to Texas due to potential conflicts of interest and the need for independent board members.
Walmart's acquisition of Vizio is seen as a positive for Roku, as it leaves Roku as the dominant player in the advertising marketplace for connected televisions, giving them the potential for increased market share and revenue.
Pharmacies experience delays in prescription orders due to a cyberattack on health-care technology company Change Healthcare.
Pharmacies nationwide are experiencing delays in prescription orders due to a cyberattack on Change Healthcare, one of the largest healthcare technology companies in the US.
A number of major US cellular service providers, including AT&T, Verizon, and T-Mobile, experienced outages affecting thousands of customers, with AT&T being the hardest hit, although the cause of the outages remains unknown.
Mortgage rates in the US are steadily rising, reaching 6.90% in the week ending February 22, which is causing potential homebuyers to hesitate in an already unaffordable market.
Delta Air Lines announced that it will offer a special flight for passengers to experience the total solar eclipse on April 8, 2024, with large windows and optimal timing for viewing.