Business

Warren Buffett is the first to admit he doesn’t know much about artificial intelligence. That’s in keeping with his long-time philosophy of steering clear of technology that is beyond his grasp. His massive stake in Apple, for example, his largest stock holding even if it’s been reduced, came about more as an epiphany related to […]

(Bloomberg) — China is flooding the US with used cooking oil that the biofuel industry says may be tainted, hurting American farmers and President Joe Biden’s push to promote climate-friendly energy. Most Read from Bloomberg US imports of used cooking oil, an ingredient to make renewable diesel, more than tripled in 2023 from a year […]

This is developing news. Check back for updates throughout the day. Porn star Stormy Daniels is expected to testify Tuesday in the New York criminal hush money trial of Donald Trump, NBC News reported. Daniels is at the center of the historic case in which Trump is charged with falsifying business records related to a […]

Former U.S. President Donald Trump walks to speak to the press at his trial for allegedly covering up hush money payments at Manhattan Criminal Court, New York, U.S. May 7, 2024.  Win Mcnamee | Via Reuters This is developing news. Check back for updates throughout the day. A judge Tuesday denied a request by Donald […]

Former U.S. President Donald Trump walks to speak to the press at his trial for allegedly covering up hush money payments at Manhattan Criminal Court, New York, U.S. May 7, 2024.  Win Mcnamee | Via Reuters This is developing news. Check back for updates throughout the day. Porn star Stormy Daniels testified Tuesday that she […]

After a rocky month of April, investor sentiment has improved somewhat. At least in part, this can be attributed to a better-than-expected earnings season. So far, about 80% of the S&P 500-listed companies have reported their Q1 results, and 77% of those have shown a quarterly EPS above the forecasts. Overall, the earnings reported are […]

A Peloton Bike inside a showroom in New York, US, on Wednesday, Nov. 1, 2023. Peloton Interactive Inc. is scheduled to release earnings figures on November 2. Michael Nagle | Bloomberg | Getty Images A number of private equity firms have been considering a buyout of Peloton as the connected fitness company looks to refinance […]

Robyn Denholm, chairman of Tesla Inc., speaks during an American Chamber of Commerce in Australia event in Sydney, Australia, on Wednesday, March 27, 2019. Brendon Thorne | Bloomberg | Getty Images Tesla Chairwoman Robyn Denholm has just sold $17.3 million worth of her shares in the electric vehicle maker, according to a filing Monday, bringing […]

Reckless government spending enabled by the Federal Reserve is hurting average Americans and endangering President Joe Biden’s re-election chances, billionaire investor Stanley Druckenmiller said Tuesday. The head of Duquesne Family Office who made his name betting against the British pouned in the early 1990s blasted fiscal and monetary authorities, including Treasury Secretary Janet Yellen and […]

Here are Tuesday’s biggest calls on Wall Street: Citi upgrades Target to buy from neutral Citi said the big-box retailer has emerged as one of the retail “winners.” “We believe TGT has emerged as one of the winners within the retail landscape with an opportunity to improve EBIT margin in the years to come.” Citi […]

The artificial intelligence (AI) race is on, and it has a wide reach. Software companies (like Palantir Technologies and CrowdStrike) are developing programs that use AI to analyze data, solve complex problems, and provide cybersecurity. Hardware companies create high-powered semiconductors critical for data centers. Nvidia is the current titan. True “picks-and-shovels” companies like Marvell Technology make Ethernet switches […]