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Ex-Google CEO Eric Schmidt sees Nvidia as big AI winner: ‘You know what to do in the stock market’

August 15, 2024 by admin

Former Google CEO Eric Schmidt said in a recent talk at Stanford that, while he isn’t giving investment advice, Nvidia is the top beneficiary of the AI boom.

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World’s largest sovereign wealth fund posts $138 billion in first-half profit as AI demand boosts tech

August 14, 2024 by admin

Norway’s massive sovereign wealth fund on Wednesday posted first-half profit of 1.48 trillion kroner ($138 billion).

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Why Wall Street thinks Brian Niccol is the person to revive Starbucks โ€” and end the Howard Schultz era

August 13, 2024 by admin

Starbucks tapped Brian Niccol as its latest CEO, effective Sept. 9, after sales slumped under Laxman Narasimhan.

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Market sell-off won’t last for one key reason, CIO says: There’s no tech bubble to burst

August 12, 2024 by admin

“I just don’t see a tech bubble. Yes, a few stocks have done well, and they have done well on earnings that they have delivered.”

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From villains to Indiana Jones: Everything we learned at Disneyโ€™s parks panel at the 2024 D23 Expo

August 11, 2024 by admin

Disney’s classic baddies are getting their own theme park land at the Magic Kingdom in Orlando, Florida.

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Disney is hoping for a box office rebound built on sequels, prequels and pixie dust

August 10, 2024 by admin

As Disney seeks to rebuild its reputation and recapture magic at the box office, it is relying heavily on existing, and beloved, franchises.

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JPMorgan Chase is giving its employees an AI assistant powered by ChatGPT maker OpenAI

August 9, 2024 by admin

The move by JPMorgan, the largest U.S. bank by assets, shows how quickly generative AI has swept through America since the arrival of ChatGPT in late 2022.

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3,000 evacuated, state of emergency declared after Ukraineโ€™s raid into Russia

August 8, 2024 by admin

A state of emergency has been declared in Kursk following a Ukrainian incursion into the Russian border region.

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Jamie Dimon says he still sees a recession on the horizon

August 7, 2024 by admin

Dimon, leader of the biggest U.S. bank by assets and one of the most respected voices on Wall Street, has warned of an economic “hurricane” since 2022.

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Markets are counting on the Fed to head off recession with sizeable interest rate cuts

August 6, 2024 by admin

How Chair Jerome Powell and his cohorts react likely will go a long way in determining how investors negotiate a turbulent climate.

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