Tag: culture

Big Tech's earnings season begins next week with announcements from Apple, Meta, and Microsoft. Investors will watch for AI revenue, spending, and the impact of President Trump's policies on tech.

Published on: January 23, 2025, 05:02 PM UTC

Economist Nouriel Roubini ("Dr. Doom") warns of massive job losses due to advancements in humanoid robots and large language models. He also expresses concerns about the potential impact of tariffs on the US economy, citing risks to inflation, interest rate hikes, and economic growth.

Published on: January 23, 2025, 04:02 PM UTC

Salesforce CEO Marc Benioff criticizes Microsoft's AI rival, Copilot, calling it a "repackaged ChatGPT." Benioff's AI bots are competing with Copilot for workplace supremacy, with Salesforce closing 200 Agentforce deals in Q3. Despite the bullish sentiment, some analysts remain skeptical about Salesforce's ability to monetize Agentforce effectively.

Published on: January 23, 2025, 01:03 PM UTC

Cisco CEO: US-China Trade Deal Would Boost Global Economy

Published on: January 23, 2025, 12:02 PM UTC

TikTok owner ByteDance plans to invest heavily in AI infrastructure, with plans to spend over $20 billion this year, focusing on data centers and network equipment. The funding will benefit chipmakers Huawei, Cambricon, and Nvidia, and help ByteDance maintain its leadership in AI at home and bolster overseas expansion.

Published on: January 23, 2025, 12:01 PM UTC

Tariffs could hurt Ralph Lauren and other apparel companies that manufacture in China. CEO Patrice Louvet says the company has diversified its sourcing and can manage tariffs, but warns of potential price hikes for consumers.

Published on: January 23, 2025, 02:01 AM UTC

Tech stocks led the market higher on Wednesday, boosted by record gains in Netflix (NFLX) shares on the heels of strong earnings. The Nasdaq Composite (^IXIC) rose nearly 1.3%, while the S&P 500 (^GSPC) climbed more than 0.6% to come just shy of its record high of 6,090. The Dow Jones Industrial Average (^DJI) was up 0.3%, continuing the rally from Tuesday's 500-point gain.

Published on: January 22, 2025, 10:02 PM UTC

US President Donald Trump expresses support for Elon Musk or Larry Ellison purchasing TikTok, offering insights into a potential deal to save the social media platform's US operations.

Published on: January 22, 2025, 04:04 PM UTC

Paytm Q3 loss narrows as digital payments recover, revenue rises 10.1%

Published on: January 20, 2025, 06:00 AM UTC

Donald Trump plans to cut red tape in various sectors, with a focus on areas like energy and financial services. However, his actions on immigration and healthcare could lead to new regulations. Trump has a mixed record on regulation, but remains the top cutter in recent history. While some Biden-era regulations can be quickly revised, others may take years to reverse. Trump is likely to target Biden's regulations through executive orders, promising significant cost savings.

Published on: January 19, 2025, 03:00 PM UTC