Monthly Archives: February 2023
Google CEO issues rallying cry in internal memo: All hands on deck to test ChatGPT competitor Bard
(CNBC) Google CEO Sundar Pichai told employees Monday the company is going to need all hands on deck to test Bard, its new ChatGPT rival. He also said Google will soon be enlisting help from partners to test an application […]
Baidu leaps to 11-month high as it reveals plan to launch ChatGPT-style ‘Ernie Bot’
(CNBC) Shares of Baidu surged by more than 13% in Hong Kong as the company said it will launch its own artificial intelligence chatbot. The stock rose to $159.80 Hong Kong dollars per share, or 13.48% higher in Asia’s morning […]
Activision Blizzard to Pay $35 Million for Failing to Maintain Disclosure Controls and Violating Whistleblower Protection Rule
(HedgeCo.Net) The Securities and Exchange Commission has announced that Activision Blizzard Inc., a video game development and publishing company, agreed to pay $35 million to settle charges that it failed to maintain disclosure controls and procedures to ensure that the […]
Stock futures slide to start week with more earnings and a Powell speech ahead
(CNBC) U.S. stock futures were lower to start trading for the new week as investors awaited more earnings and an important speech from Federal Reserve Chairman Jerome Powell. Investors were also taking some profits after the stock market’s hot start […]
Elon Musk says Twitter is ‘trending to breakeven’ after near bankruptcy
(CNBC) Twitter CEO Elon Musk said Sunday that the last few months have been “extremely tough,” but said the social media company is “now trending to breakeven.” CNBC was not able to independently verify this claim. Musk, who is also […]
Tech stocks just finished a five-week rally — the longest stretch since market peak in November 2021
(CNBC) The Nasdaq just wrapped up its fifth straight week of gains, jumping 3.3% over the last five days. It’s the longest weekly winning streak for the tech-laden index since a stretch that ended in November 2021. Coming off its […]
January’s U.S. jobs reports was stunningly good
(CNBC) January’s U.S. jobs report was stunning all around. Nonfarm payrolls increased by 517,000 for the month, shattering analysts’ estimate of 187,000. Unemployment rate fell to 3.4%, the lowest since May 1969. U.S. stocks, worried by what such a strong […]
SEC Charges Nevada-Based Investment Adviser for Conducting Fraudulent “Cherry-Picking” Scheme
(HedgeCo.Net) The Securities and Exchange Commission has charged Steve Susoeff, LLC (dba Meritage Financial Group), a Henderson, Nevada-based investment adviser, and Steven J. Susoeff, its sole owner and principal, for conducting a cherry-picking scheme that defrauded their clients. According to […]
Stock futures fall after earnings reports from Apple, Alphabet disappoint investors
(CNBC) Stock futures slid on Thursday evening after several high-profile earnings misses cast doubt on the recent market rally. Futures for the S&P 500 fell 0.6%, while Nasdaq 100 futures lost 1.4%. Dow Jones Industrial Average futures slumped 62 points, […]
Apple sales drop 5% in largest quarterly revenue decline since 2016
(CNBC) Apple missed expectations for revenue, profit, and sales for many of its lines of business on Thursday, sending the stock lower in extended trading. Apple’s overall sales for the holiday quarter were about 5% lower than last year’s, the […]
Alphabet misses on earnings and revenue as YouTube falls short
(CNBC) Alphabet missed on both top and bottom lines when it reported fourth quarter earnings after the bell Thursday. The company’s stock dropped nearly 4% after hours, erasing some of the 7.28% it gained in normal trading hours. Here’s how […]
Amazon beats on fourth-quarter revenue but provides light guidance
(CNBC) Amazon on Thursday issued first-quarter guidance that came in light of estimates, overshadowing better-than-expected revenue for the fourth quarter. The stock slid after hours, erasing most its rally from the regular trading day. Here are the key numbers: Earnings: […]
