Posts with tag: technology
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
The labor market is holding steady, but economists are watching inflation closely as a potential threat. In ADP's January National Employment Report, service-providing sectors added jobs while goods-producing sectors lost jobs, indicating a consumer-led hiring market.
Published on: February 06, 2025, 02:02 PM UTC
US stock index futures fluctuate as heavyweights disappoint with earnings; Qualcomm, Ford, and Honeywell among those under pressure, while S&P 500 futures retrace early gains.
Published on: February 06, 2025, 02:01 PM UTC
Yum! Brands Q4 Revenue Up 16%, Meets Expectations; Earnings Beat. Read now for analysis of same-store sales, operating margin, franchise growth, and valuation.
Published on: February 06, 2025, 01:09 PM UTC
The Bank of England has cut its 2025 growth forecast in half and warned that the government's tax raid risks driving unemployment higher than expected. The Bank believes the economy will barely avoid recession, and inflation is expected to rise to 3.7pc by the end of this year.
Published on: February 06, 2025, 01:07 PM UTC
UK interest-rate cuts bets grow after Bank of England delivers expected quarter-point reduction.
Published on: February 06, 2025, 01:07 PM UTC
MasterCraft Boat Holdings reports $2.7 million in net income for the fiscal second quarter, with earnings of 10 cents per share and revenue of $63.4 million. The company expects Q3 earnings of 17 cents per share, revenue of $75 million, and full-year earnings of 64-86 cents per share with revenue of $275-295 million.
Published on: February 06, 2025, 01:06 PM UTC
Ingles Markets reports first-quarter profit of $16.6 million, or 87 cents per share, on revenue of $1.29 billion.
Published on: February 06, 2025, 01:06 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
Tapestry raises annual sales and profit forecast on strong demand for its Coach Tabby bags and suede boots.
Published on: February 06, 2025, 01:00 PM UTC