Tag: AI

Posts with tag: AI

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Tesla Sales Slump in China, Offsetting US Gains

Tesla stock tumbles on slumping China sales, while BYD surges; DOT suspends EV charger funding

Titan America Shares Rise in Debut

Titan America shares up 1.25% in NYSE debut, market cap reaches $2.99 billion

Fed rate cuts seen in June, likely again this year - traders

Traders anticipate the Federal Reserve will cut its policy rate in June and again by the end of 2025, despite the unemployment rate being at 4%.

Pinterest Shares Surge on AI-Powered Ad Tools, Strong Revenue Forecast

Pinterest's Q1 revenue forecast beats estimates, driving stock up 20%. AI tools and focus on direct response ads contribute to its success.

US Labor Market Reaches Moment of Stable Full Employment

Despite fears of a pandemic recession and the Federal Reserve's interest rate hikes, the US job market has achieved stable full employment. With a low unemployment rate, balanced wage and job growth, and strong consumer spending, the outlook remains positive, though improvement could be limited.

Shein Lowers London IPO Valuation Target to $50 Billion Amid Headwinds

Online fast-fashion retailer Shein is cutting its valuation for a London listing to $50 billion due to headwinds, including a recent US duty exemption removal. This valuation is below the company's 2023 fundraising value of $66 billion.

Google Reverses Diversity Hiring Targets Amidst Scrutiny

Google joins Meta in reversing diversity hiring goals after legal scrutiny intensifies, with Apple, Microsoft, and some banks continuing their DEI efforts.

Hong Kong Post Suspends Shipping to US Despite US Postal Reversal

Hong Kong Post continues to suspend shipping to the US despite the US postal service reversing the ban. The suspension is due to a lack of clarification from the US postal administration on tariffs imposed on Hong Kong products. This raises concerns about the impact on e-commerce platforms like Shein and Temu, which rely heavily on direct postal service from China.

Amazon Q1 Earnings Miss Estimates, Driven by AI Spending

Amazon projects current-quarter profit that misses estimates, weighed down by heavy investments in AI. AWS revenue grows 19%.

US Stocks Mixed Amid Earnings and Trump Policy Overhaul

Stay up-to-date on the latest market movements with our comprehensive analysis of the mixed performance of US stocks. Delve into earnings reports from Amazon, Eli Lilly, Peloton, Qualcomm, and more, and track the impact on key indices like the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite.