Business

Alphabet misses profit expectations as ad revenue tumbles

Leave a Comment / Business / By

Google’s parent company Alphabet (GOOG, GOOGL) reported fourth-quarter results after the bell on Thursday, falling short of expectations for revenue and earnings per share as advertising fell year-over-year. Here are the most important numbers from the report, compared to what Wall Street expected, as compiled by Bloomberg. Alphabet shares fell 4.2% immediately after the report. …

Alphabet misses profit expectations as ad revenue tumbles Read More »

Penn’s sports betting business posts head-turning fourth-quarter profit

Leave a Comment / Business / By

In this photo illustration the Penn Entertainment logo seen displayed on a smartphone mobile screen. Raphael Henrique | SOPA Images | Light flare | Getty Images Penn Entertainment Thursday became the first US gambling company to post a profit in its sports betting business in the last three months of a year. Usually, it is …

Penn’s sports betting business posts head-turning fourth-quarter profit Read More »

Cathie Wood on Tesla price cuts: Rival EV makers will struggle to keep pace

Leave a Comment / Business / By

Tesla (TSLA) bull Cathie Wood doesn’t see the electric vehicle maker’s recent price cuts as hurting the brand. Instead, they could be more of a problem for automakers trying to close the gap, she argued. “I think traditional automakers will have a hard time keeping up with the price drops that Tesla’s technology allows,” the …

Cathie Wood on Tesla price cuts: Rival EV makers will struggle to keep pace Read More »

Stocks and bonds soar as investors bet peak interest rates are near

Leave a Comment / Business / By

Investors crowded into stocks and bonds on Thursday as they seized on signs that interest rates were set to peak on both sides of the Atlantic. Stocks on Wall Street soared to their highest level since August, while government bonds in Europe staged their biggest one-day rally in years. The gains came after the Bank …

Stocks and bonds soar as investors bet peak interest rates are near Read More »

ECB raises rates by 0.5 percentage point as Lagarde pledges to ‘stay the course’

Leave a Comment / Business / By

The European Central Bank raised interest rates by half a percentage point on Thursday and pledged to do the same in March, as its president Christine Lagarde warned that eurozone inflation remained “far too high.” high”. The ECB decided to continue aggressive tightening after raising the benchmark deposit rate to 2.5%, saying in its post-meeting …

ECB raises rates by 0.5 percentage point as Lagarde pledges to ‘stay the course’ Read More »

ChatGPT sets record for fastest growing user base – analyst note

Leave a Comment / Business / By

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 …

ChatGPT sets record for fastest growing user base – analyst note Read More »

European Central Bank raises rates by 50 basis points, promises another hike in March

Leave a Comment / Business / By

Christine Lagarde, President of the European Central Bank speaks at an event. Bloomberg | Bloomberg | Getty Images The European Central Bank on Thursday confirmed expectations of an interest rate hike of 50 basis points, taking its key rate to 2.5%. In a statement, he pledged to “stay the course by raising interest rates significantly …

European Central Bank raises rates by 50 basis points, promises another hike in March Read More »

Meta stocks soar as Zuckerberg declares ‘year of efficiency’

Leave a Comment / Business / By

(Bloomberg) – Shares of Meta Platforms Inc. soared 19% in early trading after CEO Mark Zuckerberg announced plans to make the social media giant leaner, more efficient and more decisive. Bloomberg’s Most Read If the gains hold, Meta will post the biggest intraday jump since at least April and will have more than doubled its …

Meta stocks soar as Zuckerberg declares ‘year of efficiency’ Read More »

ChatGPT creator launches subscription service for viral AI chatbot | CNN Business

Leave a Comment / Business / By

CNN — OpenAI, the company behind ChatGPT, announced on Wednesday that it is testing a $20 monthly subscription plan that offers users priority access to the AI ​​chatbot even during peak hours. The paid plan, called ChatGPT Plus, comes two months after the tool’s release and quickly went viral, thanks to its ability to generate …

ChatGPT creator launches subscription service for viral AI chatbot | CNN Business Read More »