More than ever, Facebook is under pressure to prove that its algorithms are being deployed responsibly. On Wednesday, at its F8 developer conference, the company revealed that it’s formed a special team and developed discrete software to ensure that its artificial intelligence systems make decisions as ethically as possible, without biases. Facebook, like other big […]
Read moreThe talk of Wall Street right now is Elon Musk‘s performance on Tesla’s earnings conference call where he dismissed analysts’ questions as “boring.” Morgan Stanley’s Adam Jonas said it was “the most unusual call I have experienced in 20 years on the sell-side.” Here are the highlights that have everyone talking: Musk begins call: “I […]
Read moreSince the dramatic and unprecedented advances in production and manufacturing of the Industrial Revolution from the late 1700s to the early 1900s, humans have been digging up coal, oil and gas for energy. Except for the introduction of nuclear power based on uranium in the 1950s and 60s, nothing has changed. Today, coal, oil and […]
Read moreU.S. worker productivity increased modestly in the first quarter, and a jump in compensation supported views that inflation pressures were building up. The Labor Department said on Thursday nonfarm productivity, which measures hourly output per worker, rose at a 0.7 percent annualized rate in the January-March quarter. Fourth-quarter productivity was revised to show it increasing […]
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Shares of private equity firm KKR jumped 10 percent in premarket trading after announcing a plan to convert to a corporation from a partnership. The change will become effective July 1, the company said in an earnings release Thursday. As a corporation, KKR plans to pay an annualized dividend of 50 cents per common share […]
Read moreZola, an online wedding planning startup, announced on Thursday that it’s raised $100 million in a new funding round. The series D financing was led by existing investor Comcast Ventures, with NBCUniversal and Goldman Sachs Investment Partners joining as new backers. Zola, which gears its platform to millennials, said total investments now stand at $140 […]
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Barclays upgraded Nvidia to overweight on Thursday, citing swelling demand for semiconductors over the next several years and conceding to investors that they were behind the times on the company until now. “We obviously are late to the party after two substantial years of outperformance but after taking a clean look at the AI landscape, […]
Read moreShares of Blue Apron rallied on Thursday after the company reported better-than-expected first-quarter earnings. The meal kit company’s stock rose more than 9 percent after Blue Apron said that its planned reduction in marketing contributed to a narrower-than-expected loss. Here’s how the company performed: Earnings: a loss of 17 cents per share vs. a loss […]
Read moreElon Musk‘s peculiar post-earnings call was the talk of the market Thursday morning, with one analyst ranking it among the strangest moments of his career. “Tesla’s 1Q18 analyst conference call was arguably the most unusual call I have experienced in 20 years on the sell-side,” Adam Jonas, equity analyst at Morgan Stanley, said in a […]
Read moreCheck out the companies making headlines before the bell: Cigna – The health insurer beat forecasts with adjusted quarterly profit of $4.11 per share, well above the consensus estimate of $3.39 a share. Revenue also beat forecasts as more customers enrolled in Cigna health plans, and the company also raised its full-year forecast. Becton Dickinson […]
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