Category: stocks

https://www.cnbc.com/2024/10/04/meta-announces-new-ai-model-that-can-generate-video-with-sound.html Facebook owner Meta announced on Friday it had built a new AI model called Movie Gen that can create realistic-seeming video and audio clips in response to user prompts, claiming it can rival tools from leading media generation startups like OpenAI and ElevenLabs. Samples of Movie Gen’s creations provided by Meta showed videos of…

“Shares of French video game publisher Ubisoft surged over 30% on Friday after a media report that Tencent and the firm’s founding Guillemot family are considering a potential buyout of the company. Bloomberg News reported Friday that Tencent and the Guillemot family, which are both minority shareholders of Ubisoft, are considering a buyout among other…

I'm not talking about some kind of sentinel robot directing traffic. Or robot maid. These kind of things are like 20-30 years away. But more behind the scenes stuff like data crunching, analysis, report or simple/complex robotic functions. Which industry or type of employees do you think could be devasted by AI?

The U.S. economy added far more jobs than expected in September, pointing to a vital labor market as the unemployment rate edged lower. Nonfarm payrolls surged by 254,000 for the month, up from a revised 159,000 in August and better than the 150,000 Dow Jones consensus forecast. The unemployment rate fell to 4.1%, down 0.1…

The airline was in discussions with bondholders over the terms of a potential bankruptcy filing. Its long-term debt and finance leases amounted to about $3.06 billion, excluding current maturities, as of Dec. 31. The airline has until Oct. 21 to refinance $1.1 billion in loyalty bonds due next year. Spirit has been facing an uncertain…

Coming out of the Great Financial Crisis, Apple was a stock that was criminally undervalued, despite being a massive brand already. Over the years, there weren’t any groundbreaking inventions (outside of expanding their services), yet the stock still managed to significantly outperform the market. Even Warren Buffett, who bought in later, snagged it at a…

This is the weekend edition of our stickied discussion thread. Discuss your trades / moves from last week and what you're planning on doing for the week ahead. Some helpful links: Finviz for charts, fundamentals, and aggregated news on individual stocks Bloomberg market news StreetInsider news: Market Check – Possibly why the market is doing…

RIVN drops by 8% after the release of revised 2024 annual guidance ~ ​ Rivian Releases Q3 Production and Delivery Figures, Updates 2024 Annual Production Outlook and Sets Date for Third Quarter 2024 Results https://rivian.com/newsroom/article/rivian-releases-q3-2024-production-and-delivery-figures ​ Rivian Automotive, Inc. (NASDAQ: RIVN) today announced production and delivery totals for the quarter ending September 30, 2024. The…

Insider of Meituan [3690.HK] sold his stake at 171.80 per share whereas the latest closing price was 213.40 per share (i.e. 24% difference) … what a pity! ​ Meituan co-founder cashes out US$44.3 million amid Chinese stock rally https://www.scmp.com/news/article/3281032/meituan-co-founder-cashes-out-us443-million-amid-chinese-stock-rally ​ KEY POINT Mu Rongjun, an executive director of the on-demand delivery firm, sold the shares…

Share price of Chinese EV companies generally decline after the release of news below … ​ European Union votes to impose tariffs on Chinese electric vehicles https://www.cnbc.com/2024/10/04/european-union-votes-to-impose-tariffs-on-chinese-electric-vehicles.html ​ Key Points The European Union on Friday voted to adopt definitive tariffs on China-made battery electric vehicles (BEVs). “Today, the European Commission’s proposal to impose definitive countervailing…