Tag: automation

Elon Musk’s plans to transform X into a digital payments platform could benefit from the Trump administration’s recent order to halt work at the Consumer Financial Protection Bureau (CFPB), which oversees such companies. Critics argue Musk may have a conflict of interest, as X would likely come under CFPB oversight.

Published on: February 11, 2025, 06:01 AM UTC

Vertex Pharmaceuticals forecasts strong revenue growth driven by cystic fibrosis drug sales and contributions from newly approved non-opioid painkiller; aims to launch five new treatments by 2028.

Published on: February 10, 2025, 10:10 PM UTC

Zillow (ZG) is set to release Q4 earnings after the bell tomorrow. Analysts expect revenue to grow 15.5% YoY to $547.6 million and adjusted earnings of $0.27 per share. Zillow has a history of beating revenue estimates, so it's worth watching how the stock performs after earnings.

Published on: February 10, 2025, 02:06 PM UTC

Listen and subscribe to Opening Bid on Apple Podcasts, Spotify, or wherever you get your podcasts. AI's impact on the workforce: experts share their perspectives on AI's role in the future of work, from replacing routine tasks to creating new jobs.

Published on: February 10, 2025, 01:02 PM UTC

Artificial intelligence's role in the workplace has been debated at the World Economic Forum. Experts from Morgan Stanley, Nasdaq, and more share their perspectives on AI's impact on jobs and productivity.

Published on: February 10, 2025, 11:02 AM UTC

President Trump's planned tariffs on steel and aluminum imports have boosted the dollar as investors anticipate increased global trade tensions, leading to a mixed performance in equity markets. Hong Kong stocks surged, while Asian shares fell. The dollar's strength reflects concerns about the inflationary impact of tariffs and their potential effect on the Federal Reserve's monetary policy. Investors await Fed Chair Jerome Powell's testimony and further developments on Trump's tariff announcements.

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

Amazon stock (AMZN) fell 3% in premarket trading after mixed first-quarter guidance and promised big spending on AI infrastructure in 2025. Despite the miss, analysts remain bullish due to expected revenue growth in Amazon Web Services and a good quarter overall, with strong sales growth for AWS, improved operating profit margins, and accelerated growth in physical stores. Wall Street analysts rate Amazon as Buy or Overweight, with price targets ranging from $260 to $280, citing opportunities in AI, cloud computing, advertising, and subscription services.

Published on: February 07, 2025, 05:02 PM UTC

Published on: February 07, 2025, 03:05 PM UTC

Google is backing away from diversity hiring targets, joining Meta in reversing course on certain corporate diversity initiatives. Amidst intensifying scrutiny of DEI goals, many companies are withdrawing from such policies due to legal and political pressure.

Published on: February 07, 2025, 01:03 PM UTC

Amazon stock dips on mixed Q1 guidance, massive capex plans; Street remains bullish on AWS growth, AI adoption

Published on: February 07, 2025, 12:04 PM UTC