It’s been almost a year since AI’s bloom last spring, recalling another flowering: The “tulip mania” of the Dutch Golden Age, one of the most infamous examples of a financial bubble in economic history. But will ChatGPT blossom, with ramifications…
Federal agents on Monday raided homes owned by hip-hop music mogul Sean Combs in Los Angeles and Miami, NBC News reported, citing sources. The Department of Homeland Security agents were authorized to search the properties by warrants issued in Manhattan…
Credit scores have long been viewed by critics as arbitrary—mostly because there are so many factors that affect them —and some people even view them as discriminatory. Yet, they’re a necessary evil to get what Americans want most: homes, cars,…
Citigroup will likely complete its organizational streamlining efforts this week — which marks a major milestone for the banking giant, according to Wells Fargo’s Mike Mayo. The banking giant’s corporate overhaul includes several waves of layoffs and restructuring of management…
In early March, the U.S. Securities and Exchange Commission (SEC) adopted new regulations to require U.S. companies to release information about climate risks and greenhouse gas emissions. Already, the decision is facing legal challenges. Nineteen Republican-led states have launched a…
Americans are getting grayer — and that could be a windfall for senior housing. Two of the biggest beneficiaries of the trend are certain real estate investment trusts, which also return income to investors, according to Morgan Stanley. The firm…
Tesla might make its numbers on the sale of its vehicles, but the automaker has a curious side gig: offering head-scratching products. Past offerings have included Tesla-branded bottle openers, tequila, and beer. Now you can add sledgehammers to the list.…
Ericsson recently announced it is planning to cut 8,500 jobs as part of its cost-cutting measures. Nurphoto | Nurphoto | Getty Images Ericsson announced on Monday that it will lay off around 1,200 employees in Sweden as the telecom company…
Wedbush Securities tech analyst Dan Ives returned from a trip to Asia this month with good news—the brutal war for control over China’s EV looked like it was subsiding as prices bottomed out. “There is a sense from industry checks…
Super Micro Computer’s red-hot run should continue as it powers the artificial intelligence revolution sweeping Wall Street, according to JPMorgan. Analyst Samik Chatterjee initiated coverage of Super Micro Computer with an overweight rating as the company leads the AI compute…