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...Apple’s foray into generative AI features may first be glimpsed at the company’s Worldwide Developers Conference in June....
...The agreement is the latest in a series of voluntary commitments around AI that Big Tech companies have made in recent months....
...Inflation expectations for the next 12 months remained stable at 5.3 per cent, while the perceived likelihood of a recession over the next year rose slightly....
...Brad Erickson of RBC Capital Markets said: “Maybe most important relative to the big after-hours move in the stock was margins came significantly ahead of expectations.”...
...China — a possibility Musk had flagged during last week’s results conference call....
...If interchangeable biosimilars were added to the formularies of the big PBMs next year, that would boost competition, Martin predicted....
...Intuit, which makes the popular TurboTax software, is one of them. The stock has gained nearly 40 per cent over the past 12 months, outpacing the S&P 500’s 20 per cent rise....
...Musk’s commitment to artificial intelligence was evident in a big jump in “AI infrastructure capex” to $1bn, resulting in cash flow of negative $2.5bn in the period....
...True to form, however, CEO Elon Musk used the conference call to talk about anything except their automotive business. I think Cathie Wood said it best....
...But of those, the top 20 — eg, the Nasdaq, the Russell 2000, the MSCI Emerging Markets or the Bloomberg Aggregate family — account for $7.6tn of benchmarked and $12.2tn of indexed assets....
...of a big correction”....
...Among big US carriers, it appears to be the least affected by Boeing’s production and delivery issues. The Atlanta-based airline does not operate any Boeing 737 Max jets....
...(Don’t forget, however, that the Department of Justice has looked down on big buyback programmes in the past.)...
...The US is suing Apple for allegedly using its power in the smartphone sector to quash competition from rivals and limit consumer choice, in the latest broadside against the dominant Big Tech companies from...
...Some have blamed this on Google’s fragmented structure, big-company bureaucracy and the lack of a coherent company-wide plan for rolling out generative AI across its range of products and services, the Financial...
...At a recent academic conference, the longtime US federal judge Jed Rakoff described the select coterie of experts who show up in big cases as simply “hired guns”....
...Here are the highlights from his chat with Rich Repetto at the Piper Sandler conference last year: And even the language that he uses, right, is intentionally political....
...ETFs, 28 per cent in international equity ETFs and 12 per cent in US equity ETFs....
...Amazon: The ecommerce giant is expected to report that profits more than doubled in the first quarter to 82 cents a share on revenue that increased 12 per cent to $142.5bn....
...Sales of higher-margin discretionary items like home decor were down 12 per cent....
...“Partnership is the only way to do it,” says Sheetal Patel, a top CIA official. However, this is creating four big — and unresolved — flashpoints....
...They want Rachel Reeves or Wes Streeting or someone who’ll be big in the Labour government. Or Angela Rayner, perhaps. The CEOs have some weird kind of fascination with her. It’s not entirely healthy....
...The EU has launched probes into Apple, Alphabet and Meta in the first use of a landmark new law designed to rein in Big Tech’s market power....
...The start of the year, when companies set out their plans for the next 12 months, is often a period of disproportionate job cuts, said Keum....
...While many big names in Hollywood are supportive of the merger, investors are bubbling with rage....
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