Before taping a Friday “Mad Money,” I always look at the week’s market performance just in case the percentages are noteworthy. They usually aren’t. But this week things were different, very different. The S & P 500 and the Nasdaq had their best weekly gains of 2024, gains that made up for the prior week, which … Read more
It was a solid quarter for the companies in our stock portfolio, with the bulk of our names reporting what we felt were good-to-great earnings reports. Continued economic growth on the back of a resilient consumer and increasing business confidence ahead of what most expect to be a lower interest rate environment helped drive the … Read more
Screenshot: YouTube If you’ve got kids, they’ve likely been exposed to YouTube via grandma’s iPad more than once. If they like cars, the algorithm is very likely serving them some weird, bootleg car content that gives me the absolute creeps to watch. Keeping an eye on kids and providing them with enriching, meaningful experiences is … Read more
Larry Ellison, chief technology officer of Oracle (L), and Jeff Bezos, founder and executive chairman of Amazon. Reuters Oracle‘s best week on the stock market since 2021 has bolstered Chairman Larry Ellison’s net worth, briefly edging him past Amazon founder Jeff Bezos on Friday to become the world’s second-richest person. Ellison’s net worth reached $208.4 … Read more
A Waymo autonomous self-driving Jaguar electric vehicle sits parked at an EVgo charging station in Los Angeles, California, on May 15, 2024. Patrick T. Fallon | AFP | Getty Images Uber announced Friday it is expanding its partnership with Alphabet’s Waymo to offer robotaxi rides in Austin, Texas, and Atlanta beginning in early 2025. Uber … Read more
Oracle Corp. CEO Safra Catz walks on the floor of the New York Stock Exchange as Oracle rang the opening bell in celebration of its 10th anniversary of listing on the exchange in New York on July 12, 2023. Spencer Platt | Getty Images Oracle shares rose about 6% in extended trading on Thursday after … Read more
OpenAI CEO Sam Altman during a fireside chat organized by Softbank Ventures Asia in Seoul, South Korea, on Friday, June 9, 2023. SeongJoon Cho | Bloomberg | Getty Images Leaders at OpenAI, Anthropic, Microsoft, Google and several American power and utility companies met Thursday at the White House to discuss the future of artificial intelligence … Read more
Republican vice presidential nominee Ohio Sen. JD Vance on Thursday took a shot at Apple on CNBC’s “Squawk Box,” stating he thinks the company benefits from “slave labor” in China. His comment was part of a broader conversation about taxing companies that rely on manufacturing in China. “Do I think Apple is an evil company? No. Do … Read more
Taxi drivers have been ferrying people around America’s cities for decades with the biggest change to the sector coming when Uber burst onto the scene and made us all rely on our phones to get a ride. Now, the ride hailing app is facing an uncertain future as drivers grapple with increased competition for rides, … Read more
China is looking to challenge the U.S. in artificial intelligence. China’s tech giants have launched their own AI models. Niphon | Istock | Getty Images Global attention around generative artificial intelligence has been focused on big U.S. companies like OpenAI, Alphabet‘s Google and Meta. But some of China’s giants, from Alibaba to Tencent, have launched … Read more
