Paramount Global cutting 15% of U.S. workforce, aims to save $500 million, streaming division profitable.
From CNBC: 2024-08-08 17:02:30 Paramount Global is cutting 15% of its U.S. workforce, around 2,000 jobs, as part of a
Category: Business
OpenAI boosts leadership team with appointment of expert AI professor Zico Kolter to board
From Google: 2024-08-08 16:21:59 OpenAI has appointed veteran AI professor Zico Kolter to its board. Kolter is a leading expert
Eli Lilly beats earnings expectations and raises full-year revenue outlook
From CNBC: 2024-08-08 16:15:38 Eli Lilly reported second-quarter earnings and revenue that exceeded expectations, raising its full-year revenue outlook by
Warner Bros. Discovery CEO Zaslav under pressure to increase value, facing stock decline.
From CNBC: 2024-08-08 15:02:10 Warner Bros. Discovery CEO David Zaslav is under pressure as the company’s shares have dropped 70%
Boeing appoints new CEO to address challenges, including 737 Max issues and cash burn
From CNBC: 2024-08-08 12:13:20 Robert K. Ortberg takes on the role of Boeing’s new president and CEO starting August 8,
Shopify's strong earnings lead to raised fair value estimate and optimistic guidance
From Morningstar: 2024-08-08 12:06:00 Shopify’s fair value estimate has been raised to USD 80 per share, showing strong results and
Project Strawberry is OpenAI's new mystery AI tool showcasing the potential of AI technology.
From Google: 2024-08-08 11:30:00 Project Strawberry is OpenAI’s latest AI mystery tool, offering users a chance to interact with groundbreaking
Positive.
From CNBC: 2024-08-08 11:28:21 Disney has hit a sweet spot in 2024 with box office success. “Inside Out 2” tops
Figure unveils new humanoid robot with improved AI capabilities, aiming to address labor shortages
From NVIDIA: 2024-08-08 09:00:07 Figure unveiled its Figure 02 conversational humanoid robot utilizing NVIDIA Omniverse and GPUs for autonomous tasks.
GeForce NOW celebrates 2,000 games with new releases, demos, and summer sale
From NVIDIA: 2024-08-08 09:00:04 GeForce NOW celebrates 2,000 games in its library, adding four new games this week. Members can
Restaurant Brands International beats revenue expectations in Q2 with strong Tim Hortons sales
From CNBC: 2024-08-08 07:38:51 Restaurant Brands International surpassed analysts’ revenue expectations in the second quarter, driven by strong sales at
Apple's Q3 earnings report shows positive growth expectations, but shares are considered overvalued.
From Morningstar: 2024-08-08 06:37:00 Apple released its fiscal third-quarter earnings report on August 1, 2024, with a fair value estimate
Intel's missed opportunity with OpenAI benefits NVIDIA in growing AI market
From Google: 2024-08-08 06:29:06 Intel’s failure to recognize OpenAI’s capabilities and the growing trend of AI led them to miss
UK equity funds continue to see outflows, while global large-cap equity strategies experience inflows.
From Morningstar: 2024-08-08 04:50:00 In the second quarter of 2024, UK-domiciled strategies saw continued outflows despite overall stock market strength.
Tech stocks are expensive, underweight suggested, favor communication services and defensive stocks
From Morningstar: 2024-08-08 05:19:00 Nicolo Bragazza, Associate Portfolio Manager at Morningstar Investment Management, explains the three causes of the recent
Novo Nordisk met Q2 expectations with strong revenue growth, but faces challenges post-2032 patent expiration
From Morningstar: 2024-08-08 04:33:00 Novo Nordisk’s second-quarter results met expectations, maintaining a DKK600/USD86 fair value estimate. Revenue grew 25% at
Potential trouble ahead for stocks as selloff in junk bonds prompts recession fears
From Investing.com: 2024-08-08 02:36:00 Long bonds were predicted to be a major trade due to high yields falling and potential
Summary: Indian-origin man critiques Open AI's work culture as fast-paced and high energy.
From Google: 2024-08-08 01:15:47 An Indian-origin man provides a review of Open AI’s work culture, calling it “manic pace” after
OpenAI creates new AI tool for accurate content watermarking, revolutionizing content protection
From Google: 2024-08-07 20:51:17 OpenAI has created a powerful new AI tool that can accurately watermark content to prevent piracy.
Intel declined 15% ownership of OpenAI, potentially impacting its position in the AI market.
From Google: 2024-08-07 18:17:20 Intel, facing tough competition from AI rivals, declined a chance to acquire 15% of OpenAI. This
Warner Bros. Discovery stock drops after $9.1 billion write-down on TV networks and missed revenue estimates
From CNBC: 2024-08-07 17:56:56 Warner Bros. Discovery stock drops after $9.1 billion write-down on TV networks and missed revenue estimates.
Inflation and grocery prices become major political focus due to price hikes on popular items
From CNBC: 2024-08-07 15:44:33 Amid fears of surge pricing and high inflation, Big Mac meals and grocery prices have become
Retail fraud called 'wardrobing' increases in the summer due to higher return rates, impacting retailers.
From CNBC: 2024-08-07 15:40:05 Retail fraud known as “wardrobing” surges in the summer as shoppers buy expensive items, wear them
Generative AI losing top spot is a positive change for growth and innovation.
From Google: 2024-08-07 13:09:20 Generative AI is losing its top spot, signaling a shift. The transition may be tough, but
Disney's media business is thriving with profitable streaming services and successful movie releases
From CNBC: 2024-08-07 12:32:18 – Disney’s media business is no longer dragging the company down, with streaming services turning a