Tag: AI

Elon Musk and OpenAI CEO Sam Altman's legal battle over the future of artificial intelligence heats up, with a jury trial potentially years away. Musk accuses OpenAI of prioritizing profits over its nonprofit mission, while OpenAI denies wrongdoing. The case involves Microsoft, LinkedIn founder Reed Hoffman, and Tesla.

Published on: February 06, 2025, 02:03 PM UTC

Stable labor market, showing little turnover or deterioration, but vulnerable to inflation and Fed policy.

Published on: February 06, 2025, 01:02 PM UTC

Entegris Inc. (ENTG) reported fourth-quarter net income of $102.2 million, beating expectations. Adjusted earnings were 84 cents per share, revenue was $849.8 million. For the current quarter, Entegris expects earnings of 64-71 cents per share and revenue of $775-$805 million.

Published on: February 06, 2025, 12:08 PM UTC

Ford Q4 earnings top estimates; 2025 guidance muted due to market headwinds including potential EV tax credit loss, tariffs. Revenue up 5% YoY to $48.2B.

Published on: February 06, 2025, 11:02 AM UTC

Brevan Howard's flagship fund has its worst start to a year since its inception, extending a volatile trading phase. The fund, which lost 2.93% in January, is known for its steadier returns.

Published on: February 06, 2025, 10:00 AM UTC

Asian shares are mostly up as Wall Street rallies on earnings reports. Japan's Nikkei 225 gained 0.5%, Australia's S&P/ASX 200 surged 1.2%, South Korea's Kospi edged up 0.7%, Hong Kong's Hang Seng rose 0.8%, and the Shanghai Composite added 1.0%. In Japan, Honda Motor stock pared some gains after talks of a joint venture unraveling. Meanwhile, Nissan shares recovered. On Wall Street, the S&P 500 rose 0.4%, the Dow Jones Industrial Average added 0.7%, and the Nasdaq composite gained 0.2%. Toymaker Mattel jumped 15.3%, while Alphabet sank 7.3% amid concerns about its cloud business. Uncertainty about tariffs hangs over the global economy, but trade war concerns have eased after Trump gave reprieves to Mexico and Canada. Yields in the bond market fell due to weaker growth in U.S. services businesses.

Published on: February 06, 2025, 07:04 AM UTC

Asian markets rise; global markets calm after tariff gyrations

Published on: February 06, 2025, 02:01 AM UTC

Ford (F) reported Q4 revenue and earnings beat, with full-year profit slightly ahead of estimates. However, guidance for 2025 was muted, with the company expecting lower adjusted EBIT and cash flow due to market headwinds. Ford's EV business, Model e, continues to post losses, with no improvement expected in 2025.

Published on: February 06, 2025, 01:02 AM UTC

Filing taxes in the US can be complicated and time-consuming compared to Sweden due to its complex tax code, numerous credits and deductions, and lack of pre-populated tax returns from the government. However, recent steps like doubling the standard deduction and expanding the Direct File program aim to simplify the process for some taxpayers.

Published on: February 06, 2025, 01:01 AM UTC

Qualcomm CEO Cristiano Amon says Arm Holdings has withdrawn its threat to terminate Qualcomm's license agreement.

Published on: February 05, 2025, 11:05 PM UTC