It’s a bad day to be a paper pusher. Artificial intelligence is on a rapidly aggressive pace to take over “clerical white collar work,” IBM CEO Arvind Krishna said. Amid the explosion of language-based AI ChatGPT, a “marketing moment” Krishna called “incredible” during an interview with the Financial Times, he …
Read More »Shopify Stock Slumps and Cathie Wood’s ARK Swoops In to Buy Shares
Text size Cathie Wood focuses on high-growth stocks. Lauren Justice/Bloomberg High-profile fund manager Cathie Wood’s ARK Investment Management has increased holdings of e-commerce company Shopify and shed chip maker Nvidia , the group said in a statement. ARK snapped up about $35 million worth of Shopify shares. The stock has …
Read More »Nvidia Stock Can Endure a Slowdown, Analyst Says. AI Is Key.
Text size Oppenheimer expects Nvidia to forecast 9% growth in data-center revenue for its first fiscal quarter from the prior year. Courtesy of NVIDIA Nvidia should be insulated from any slowdown in the broader economy by increased spending on artificial intelligence, said analysts at Oppenheimer and KeyBanc, who lifted their …
Read More »DraftKings, DoorDash, Moderna, Deere, AutoNation, and More Stock Market Movers
Text size DraftKings raised its forecast for fiscal 2023. Gabby Jones/Bloomberg Stock futures pointed to another day of losses Friday after equities slumped during the previous session on fears that higher inflation will keep the Federal Reserve aggressive in its campaign to tame rising prices. These stocks were poised to make …
Read More »‘A complete nut’: Fox News hosts didn’t believe 2020 election fraud claims
WILMINGTON, Del. — Hosts at Fox News had serious concerns about allegations of voter fraud in the 2020 presidential election being made by guests who were allies of former President Donald Trump, according to court filings in a $1.6 billion defamation lawsuit against the network. “Sidney Powell is lying,” about …
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