Exciting partnerships as Disney+ teams up with Apple's Vision Pro, while Linda Yaccarino takes the reins at Twitter. Legal action ensues as Merck sues the Biden administration. Twitter faces challenges in ad sales. Additionally, an acquisition deal for Buybuy Baby is underway.
Senate passes debt ceiling bill, averting default. May payrolls surpass expectations, indicating a resilient labor market. Mark Zuckerberg reveals Meta's cutting-edge VR headset. Exxon and Chevron near drilling agreements in gas-rich Algeria. Plus, Kellogg plans to spin off its cereal business.
Nvidia hits $1T market valuation with AI focus. ChatGPT lacks lawyer readiness. Home price declines may end soon. Plus, the IRS faces up to $21.4B loss in debt-ceiling deal.
JPMorgan plans to launch an AI investment advice service akin to ChatGPT. In April, inflation rose by 0.4%. Chip stocks, fueled by the AI frenzy, propelled Nvidia closer to the $1 trillion mark. Plus, TikTok is testing its AI chatbot named Tako.
TikTok sues Montana over app ban while HBO Max undergoes rebranding as Just Max. Debt talks between Biden and McCarthy conclude with optimism, and Paramount+ and Showtime merger scheduled for June 27. Plus, Jamie Dimon warns about the potential risks of souring commercial real estate loans to banks.
OpenAI Introduces ChatGPT App for iOS. Largest Annual Drop in Home Prices in Over 11 Years. Bank of America Strategist Warns of an AI Bubble. Plus, Tiktok’s first state ban happened in Montana.
OpenAI and IBM Call for Senate Action on AI Regulation. Berkshire Hathaway Makes Big Strategic Portfolio Moves. Meta's AI Investments Set to Boost Revenue Growth.. Plus, Samsung Explores 'Offline' Digital Currency for Galaxy Phones.
Elon Musk is stepping down as Twitter CEO. The Producer Price Index slows in April. Tesla recalls the majority of cars sold in China. Softbank prepares for Arm IPO. Plus, Biden's debt ceiling meeting with McCarthy rescheduled.
IBM takes another shot at Watson as A.I. boom picks up steam. Palantir stock soars 21%, says demand for AI unprecedented. LinkedIn lays off 716 employees, kills China jobs app. Plus, Goldman Sachs joins Barclays in bet against Fed rate cuts.
Job growth totals 253,000 in April. Apple shares rise after iPhone bounces back. DoorDash sales soar as consumers stick with deliveries. Shopify will sell its logistics business. Plus, regional bank stocks are rebounding.
14 million jobs slashed globally by 2027 because of A.I. The U.S. could hit the debt ceiling by June 1. The ‘Godfather of AI’ fears his own creation. Plus, a tight supply fuels demand for newly built homes.
Big tech companies had an absolutely stellar week. Amazon says cloud growth is slowing. First Republic shares gains on reports of potential rescue plans. Plus, a new challenger emerges in the weight-loss drug race.
Home prices rose again. Biden prepares for a second term. Car buyers continue to splurge amid inflation. JetBlue forecasts strong travel demand. Plus, a new rule will punish high credit score individuals.
Google merges research as AI race rages on. Tesla increases the price of models after shares slump. US begins plan for 6G tech. Plus, Apple plans an iPhone journaling app.
Musk plans to launch 'TruthGPT'. Goldman Sachs missed revenue estimates while BofA tops expectations. Investors are betting against the S&P 500. Plus, Google ramps up AI technology to win over Samsung.
Bitcoin bounces back despite the SEC targeting Binance and Coinbase with lawsuits, intensifying scrutiny on major exchanges. EU regulatory body pushes for tighter advertising rules for crypto. Plus, Aave prepares for the launch of GHO stablecoin on Ethereum mainnet.
Cathie Wood goes bargain hunting. PGA Tour and LIV Golf plan to merge. Volvo unveils an all-electric SUV. The OECD warns of a weak recovery plagued by inflation. Plus, the Treasury's massive debt issuance poses a threat to market stability.
Exciting partnerships as Disney+ teams up with Apple's Vision Pro, while Linda Yaccarino takes the reins at Twitter. Legal action ensues as Merck sues the Biden administration. Twitter faces challenges in ad sales. Additionally, an acquisition deal for Buybuy Baby is underway.
Apple unveils Vision Pro Headset. Intel faces setback as Apple transitions to in-house chips. Saudi Arabia implements output cuts to bolster oil prices. Plus, Morgan Stanley predicts a 16% profit drop, impacting US equity market.
Nvidia aims for AI hardware monopoly with integrated superchip, while Google enhances Gmail search speed with AI update. Online banks thrive in deposit competition, and a robotics guru identifies three industries ripe for automation. Plus, Cathie Wood identifies the next AI winner.
Senate passes debt ceiling bill, averting default. May payrolls surpass expectations, indicating a resilient labor market. Mark Zuckerberg reveals Meta's cutting-edge VR headset. Exxon and Chevron near drilling agreements in gas-rich Algeria. Plus, Kellogg plans to spin off its cereal business.
