After a series of high-profile employees left ChatGPT-parent OpenAI, the startup has onboarded former Meta Platforms, Inc. (NASDAQ:META) executive, Irina Kofman. What Happened: Kofman will be reporting directly to OpenAI CTO Mira Murati and will initially focus on safety and…
AstraZeneca Plc (NASDAQ:AZN) has reportedly warned that it might relocate its vaccine manufacturing site from Merseyside, U.K., to Philadelphia amid stalled negotiations with the U.K.’s Labour government. The deadlock revolves around a reduction in state aid initially promised by the…
Walmart Inc. (NYSE:WMT) has announced plans to sell its stake in Chinese e-commerce giant and Alibaba-rival JD.com Inc. (NASDAQ:JD), causing JD.com’s shares to plummet. This decision comes as Walmart shifts its focus towards its own operations in China, as per…
The potential risks associated with artificial intelligence have been increasingly underscored by Fortune 500 companies in their annual reports. The number of firms highlighting AI as a risk factor has surged by 473.5% in the past year, a new report…
Bitcoin‘s (CRYPTO: BTC) price could be hovering around $20,000 without the support of exchange-traded funds (ETFs), according to Eric Balchunas, Senior ETF Analyst at Bloomberg. What Happened: In a conversation with Coindesk on Thursday, Balchunas outlined why ETFs have played…
On Tuesday, The Home Depot Inc (NYSE:HD) kicks off the retail reports ahead of Walmart (NYSE:WMT) and Target (NYSE:TGT) by posting its fiscal second-quarter earnings and sales that topped Wall Street estimates. However, in face of weak discretionary spending that diminished expectations of consumer…
Nikola Corp (NASDAQ:NKLA) CEO Steve Girsky said on Friday that the EV truck company is not concerned about competition from rival companies including Tesla Inc. What Happened: One of Nikola’s customers started their transition to EVs by purchasing six battery-electric…
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page. JP Morgan analyst Sebastiano Petti upgraded the rating for Lumen…
A new book by New York Times journalist Anupreeta Das reveals that Microsoft Corp. co-founder Bill Gates was reportedly not allowed to be alone with young interns at the company. What Happened: Das’s forthcoming book “Billionaire, Nerd, Savior, King: Bill…
Nouriel Roubini, the economist known for his bearish predictions before the 2008 financial crisis, is now venturing into the world of exchange-traded funds. What Happened: Roubini is looking to launch the Atlas America Fund, an actively managed ETF that would…
