PayPal names HP CEO Enrique Lores as CEO, replacing Alex Chriss on March 1, and reports Q4 revenue up 4% YoY to $8.68B, below estimates; PYPL closes down 20.3%
PayPal Holdings Inc. said HP Inc. Chief Executive Officer Enrique Lores will take the top job from Alex Chriss …
David Sacks and top MAGA influencers are publicly opposing House Foreign Affairs Chair Brian Mast's proposed AI OVERWATCH Act to regulate AI chip sales to China
David Sacks and top MAGA influencers are publicly opposing House Foreign Affairs Chair Brian Mast's proposed AI OVERWATCH Act to regulate AI chip sales to China
But the accusations are flying fast. — “The AI Overwatch Act (H.R. 6875) may sound like a good idea, but when you examine it closely …
Trump says Elon Musk “went CRAZY” and that canceling his government contracts is “the easiest way to save money”, as their One Big Beautiful bill feud escalates
Musk has gone to war with Donald Trump. What happens next? Dan Milmo / The Guardian : Elon Musk signals he may back down in public row with Donald Trump Wired : Elon Musk's Feud W...
Palantir's stock fell 10% on February 19 after the WaPo reported US Defense Secretary Pete Hegseth plans to cut military spending; PLTR is up 50%+ in 2025
- Spending shift would affect 8% of US defense spending — AI-focused Palantir has become major government contractor
Elon Musk's gamble on Donald Trump pays off, as Trump wins the race; Trump gave Musk a lengthy shout out in his victory speech, calling him “a super-genius”
“A star is born: Elon,” said Donald Trump in a lengthy shout out to his biggest donor while claiming victory in the US presidential race on Wednesday morning.
Nvidia will replace Intel in the Dow Jones Industrial Average on November 8, after Amazon replaced Walgreens in February 2024; Intel joined the index in 1999
Intel's 25-year reign has come to an end Varsha Agarwal / DNA India : Nvidia to replace rival Intel in Dow Jones indices by November 8 Kara Greenberg / Investopedia : Nvidia To Tak...
Nvidia will replace Intel in the Dow Jones Industrial Average on November 8, after Amazon replaced Walgreens in February 2024; Intel joined the index in 1999
- Intel, Dow Inc. are set to leave the 30-member index — Nvidia up 3.2% in post-market trading, while Intel is down 2%
Intel shares fall 26% to close at $21.48 in their biggest drop since 1974, after the company reported a big earnings miss; Intel's market cap is now below $100B
Intel shares plunged the most in 50 years on Friday, reaching a price not seen since 2013, after the chipmaker reported …
Insurer Parametrix estimates that the global outage sparked by CrowdStrike's faulty update will cost US Fortune 500 companies, excluding Microsoft, $5.4B
Banking and healthcare firms, major airlines expected to suffer most losses, according to insurer Parametrix
Bitcoin trades above $40K for the first time since May 2022, as the digital asset extends its 2023 rebound on expectations of interest-rate cuts and ETF demand
Bloomberg :
OpenAI CEO Sam Altman departs the company and leaves its board after a board review found he wasn't “consistently candid in his communications with the board”
The board of directors of OpenAI, Inc, the 501(c)(3) that acts as the overall governing body for all OpenAI activities …
Chinese protestors are holding up blank pieces of paper as a protest against censorship, leading platforms and censors to quickly remove the images
Wall Street Journal :
Source: at a Meta-wide meeting, Mark Zuckerberg told staff to focus on growing short-video products, citing an “unprecedented level of competition” from TikTok
Mark Zuckerberg quipped that if he started to cry, it wasn't because of the day's news.