Traders work on the floor at the New York Stock Exchange on January 29, 2024.Brendan McDiarmid | ReutersStock futures fell as Wall Street assessed recent earnings results and looked to the Federal Reserve's preferred measure of inflation.Linked futures contracts Dow Jones Industrial Average It fell 107 points, or 0.3%. the Standard & Poor's 500 futures And Nasdaq 100 futures Each fell 0.2%.Salesforce fell 1% due to weak revenue guidance, while… Snowflake It fell 22% after announcing the retirement of its CEO and sharing disappointing product revenue guidance. Okta 26.8% emerged with strong results.Wall Street is eagerly awaiting the January personal…
Author: ricardofrancois
India has agreed to allocate up to $15.2 billion (INR 1.26 trillion) to build three new semiconductor factories, including its first semiconductor manufacturing facility — part of the country's larger bid to beat China, Taiwan and other countries in the chip race. It's worth noting that although AI chips are the talk of the industry right now, none of the three manufacturers are focusing on this area of the market, aiming instead to achieve more traction in general-purpose applications. The Indian Cabinet on Thursday approved the country's first semiconductor manufacturing facility set up by the Tata Salt-to-Software Group and Taiwan's…
China's two major real estate developers, Evergrande and Country Garden, have defaulted on their debts. But the issues in China's real estate market have much deeper roots.Desperate real estate developers in China have resorted to gifts such as new cars, free parking, phones and other consumer goods to attract home buyers and boost sagging sales.These incentives are just the tip of the iceberg in a crisis that involves hundreds of billions of dollars in home construction debt, trillions of dollars in local government debt, and at least a billion empty apartments.But this was not always the case. Since China's economic…
Los Angeles anesthesiologist Dr. Marilyn Singleton was angry about California's requirement that every continuing medical education course include training on implicit bias — the ways doctors' unconscious attitudes may contribute to racial and ethnic disparities in health care.Singleton, who is Black and has been in practice for 50 years, finds doctors' advocacy of implicit bias divisive, and says the state cannot legally require her to teach the idea in continuing education classes. She sued the Medical Board of California, asserting her constitutional right not to teach something she didn't believe in.The way to address health care disparities, she said, is…
Santa Rosa, California – At first glance, the 36th annual Sonoma County Democratic Party convention appears to be the most politically talkative one in nearly four decades.For $70, Sonoma County residents can “meet their elected officials” over a North Coast meal of Dungeness crab, salad and pasta served with locally produced red and white wine. But Democratic discord was simmering beneath the niceties at the February 23 dinner.The internal dispute between the two parties involves who will replace Assemblyman Jim Wood (D-Healdsburg), who is retiring from his North Shore seat two years earlier than most people expect. The shock November…
Michael Soswal's first surprising encounter with the vibrancy of San Francisco came in 2017. That's when he and his co-founders of Standard AI, an AI startup funded by incubator Y Combinator, moved from New York to San Francisco for the summer. “At first we planned to move back to New York,” says Soswal, 44. “But after living in the Bay Area for two or three months, we had much more network connections than we had in 50 years of living in the United States.” New York.”Where are you going to go and get more support, more connections, the right kind…
At launch, the Maserati GranCabrio is available in Trofeo trim level. It has a 3.0-liter twin-turbo V6 engine.MaseratiMaserati's first convertible GranCabrio since 2019 is expected to go on sale this summer in the U.S. with a top speed of around 200 mph and likely a six-figure price tag that will also push the needle.The sports car is based on the Maserati GranTurismo Trofeo sedan that is currently on sale for a starting price of $190,000 with the same 3.0-liter twin-turbo V6 engine. Both cars produce 542 horsepower and 460 pound-feet of torque, according to the automaker.Maserati owned company StellantisHe said…
Open Editor's Digest for freeRula Khalaf, editor of the Financial Times, picks her favorite stories in this weekly newsletter.The London Stock Exchange Group said on Thursday it was optimistic about a recovery in stock market listings, as the stock exchange operator revealed the damage caused by a dearth of initial public offerings in the United Kingdom last year.LSEG said revenue from IPO and stock market trading fell 8.8% year-on-year in 2023 to £227m, reflecting a quiet 12 months for the listing. “2023 was a bad year globally for IPOs, but the pipeline in 2024 is encouraging,” the group said.A number…
Open Editor's Digest for freeRula Khalaf, editor of the Financial Times, picks her favorite stories in this weekly newsletter.Within five years, Uber went from a failed IPO to a record high stock price. Reaching long-awaited profitability led to the San Francisco company's market capitalization doubling to $161 billion. It plans to share its good fortune with investors by launching a $7 billion stock buyback program. But there's another reason why Uber might want to buy back its own shares. Over the years, the ride-hailing and food delivery company has distributed generous stock awards to employees, inflating the total number of…
Decentralized social network Mastodon has updated its official Android app to allow users to easily share their profiles using QR codes. This could be useful in noisy places like event lobbies and hotels for exchanging profiles, the company said in a blog post. To share a QR code, users can go to their profile tab and tap the QR icon next to their name to get a profile-related code that others can scan. The organization is also trying to make Fediverse easy to understand for users. To this end, it has now added an explanation about domain names in Mastodon…