(Bloomberg) — The Chinese-owned social media platform TikTok is battling a potential US ban with the signature tools of American democracy — lawyers, lobbyists and money. Most Read from Bloomberg TikTok has deployed Washington power brokers and $1,500-an-hour attorneys to fend off a new law barring the app unless its Beijing-based parent, ByteDance Ltd., divests. […]
(Bloomberg) — Elon Musk’s X has given users a way to prevent their posts and interactions from helping train his artificial intelligence chatbot Grok. Most Read from Bloomberg Settings for X users default to allow their data to be provided to the chatbot. But, “all X users have the ability to control whether their public […]
HOUSTON (Reuters) – Baker Hughes cut its outlook for spending by oil producers on Friday, citing lower drilling activity by North American companies, joining other oilfield service companies in warning about softness in the region. However, the company raised its full-year revenue and profit estimates, banking on strong international growth and demand for gas equipment. […]
Nearly a week after a massive IT outage shut down computer systems around the world, cybersecurity company CrowdStrike (CRWD) issued a statement Thursday revealing that a single software update was responsible for grounding planes, curtailing hospital procedures, and closing businesses for days. The announcement came as the majority of companies returned to business as usual. […]
Nearly a week after a massive IT outage shut down computer systems around the world, cybersecurity company CrowdStrike (CRWD) issued a statement Thursday revealing that a single software update was responsible for grounding planes, curtailing hospital procedures, and closing businesses for days. The announcement came as the majority of companies returned to business as usual. […]
(Bloomberg) — Wall Street’s rotation into riskier corners of the stock market got another boost Friday after key economic data bolstered speculation the Federal Reserve will set up the stage next week for a rate cut in September. Most Read from Bloomberg Most major groups in the S&P 500 rose on bets that the start […]
(Bloomberg) — Stocks rose and bond yields fell after the latest economic data bolstered speculation the Federal Reserve will set up the stage next week for an interest-rate cut in September. Most Read from Bloomberg All major groups in the S&P 500 advanced on bets that the start of the Fed’s policy easing cycle will […]
X, formerly known as Twitter, has automatically activated a setting that allows the company to train its Grok AI on users’ posts. X enabled the new setting by default. The good news is that you can switch it off and also delete your conversation history with the AI. If the setting is turned on, X […]
(Bloomberg) — Stocks rose and bond yields fell after the latest inflation reading did little to alter Wall Street’s bets the Federal Reserve will be able to cut interest rates in September. Most Read from Bloomberg Equities climbed after data showed the Fed’s preferred measure of underlying US inflation — the so-called core personal consumption […]
(Bloomberg) — Stock futures rose and bond yields fell after the latest inflation reading did little to alter Wall Street’s bets the Federal Reserve will be able to cut interest rates in September. Most Read from Bloomberg Equities climbed in early New York trading after data showed the Fed’s preferred measure of underlying US inflation […]
(Bloomberg) — Stocks rallied at the end of a brutal week as traders awaited the next inflation report, the last big data point before the upcoming Federal Reserve meeting. Most Read from Bloomberg Contracts on the Nasdaq 100 jumped 1% and those on the S&P 500 added 0.8%, suggesting the underlying gauges will pare their […]
(Bloomberg) — Stocks rebounded on Friday as traders awaited key US inflation data for clues on the timing of interest-rate cuts amid fears of a sharper-than-expected economic slowdown. Most Read from Bloomberg Futures on the S&P 500 added 0.7% while those on the Nasdaq 100 were up more than 1%. Europe’s Stoxx 600 benchmark rose […]
