Coinbase Stock Jumps 20% After Federal Securities Lawsuit Dismissed

Coinbase Stock Jumps 20% After Federal Securities Lawsuit Dismissed

The logo of Coinbase Global Inc, the largest U.S. cryptocurrency exchange, is displayed on the Nasdaq MarketSite jumbotron and others in Times Square in New York, U.S., April 14, 2021. Shannon Stapleton | Reuters Coinbase Shares jumped after a federal judge in Manhattan dismissed a class action lawsuit against the cryptocurrency exchange on Wednesday in … Read more

ChatGPT sets record for fastest growing user base – analyst note

ChatGPT sets record for fastest growing user base – analyst note

Feb 1 (Reuters) – ChatGPT, OpenAI’s popular chatbot, is estimated to have reached 100 million monthly active users in January, just two months after its launch, making it the fastest-growing consumer app the fastest in history, according to a UBS study on Wednesday. The report, citing data from analytics firm Similarweb, says around 13 million … Read more

Amazon Revenue: What to Expect

Amazon Revenue: What to Expect

Amazon.com Inc. is expected to make a profit for its holiday quarter, but not enough to offset its early 2022 losses. Even with Amazon AMZN, +4.32% expected to report net income of about $2 billion for the December period, the company is on track to post about $1 billion in losses for the full year. … Read more

There are still too many risks in the stock and bond markets. Earn that easy 4.5% return while waiting for stability, says the trader who got 2 big calls in 2022.

There are still too many risks in the stock and bond markets.  Earn that easy 4.5% return while waiting for stability, says the trader who got 2 big calls in 2022.

Ahead of major tech earnings, Meta results set to illuminate Nasdaq Composite COMP for Thursday. The S&P 500 SPX also points to gains as investors take a half-full view of the Fed meeting. LaDucTrading.com founder Samantha LaDuc worries investors are in the clutches of another Fed misreading. “The market is not expecting a higher terminal … Read more

Andrew Tate loses appeal against detention in Romania

Andrew Tate loses appeal against detention in Romania

CNN — Andrew Tate, the controversial former kickboxer turned social media influencer, and his brother Tristan have lost their appeal and will remain in detention in Romania on allegations of human trafficking and rape, CNN affiliate Antena 3 reported Wednesday. . The brothers will remain in Bucharest police custody until February 27, Antena 3 reported. … Read more

Opinion: Zuckerberg and Intel are shipping the proceeds of their layoffs straight to Wall Street

Opinion: Zuckerberg and Intel are shipping the proceeds of their layoffs straight to Wall Street

For years, Wall Street has complained about Silicon Valley’s refusal to pay dividends and buy back shares as tech companies become cash-generating machines. That’s no longer a problem, even though these tech companies are generating less profit than they did in previous years. In fact, some tech companies are essentially paying off Wall Street even … Read more

Wall St rallies as Fed’s Powell nods to easing inflation after rate hike

Wall St rallies as Fed’s Powell nods to easing inflation after rate hike

The Federal Reserve raises rates by 25 basis points Powell says for the first time disinflation has started Indices up: Dow 0.02%, S&P 1.05%, Nasdaq 2% Feb 1 (Reuters) – The S&P 500 and Nasdaq closed sharply higher on Wednesday after Federal Reserve Chairman Jerome Powell acknowledged that inflation was starting to subside, in remarks … Read more

AI art generators can simply copy existing images

AI art generators can simply copy existing images

The right image was generated by taking the training data caption for the left image “Living in the Light with Ann Graham Lotz” and then feeding it into the Stable Diffusion prompt. Picture: Cornell University/Extracting Training Data from Diffusion Models One of the main defenses used by those who are optimistic about AI art generators … Read more

Exclusive: Electric vehicle maker Rivian to cut 6% of jobs amid price war – internal memo

Exclusive: Electric vehicle maker Rivian to cut 6% of jobs amid price war – internal memo

SAN FRANCISCO, Feb 1 (Reuters) – Rivian Automotive (RIVN.O) is laying off 6% of its workforce in a bid to cut costs as the electric vehicle maker, already struggling with dwindling cash reserves and an economy weak, is preparing for a full-scale industry-price war. The company is focusing its resources on ramping up vehicle production … Read more

Peloton CEO Barry McCarthy Doesn’t Care About Bikes, Treads Lose Money

Peloton CEO Barry McCarthy Doesn’t Care About Bikes, Treads Lose Money

Barry McCarthy speaks during an interview with CNBC on the floor of the New York Stock Exchange (NYSE), October 28, 2019. Brendan McDermid | Reuters Platoon CEO Barry McCarthy told investors on Wednesday that he doesn’t care if the company is losing money on its Bike, Tread and Row gear. The company’s “path to the … Read more