S&P 500 dips on tech drag as yields rise on easing bank jitters, upbeat consumer
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- Wall Street ends lower on semiconductor selloff as AI spending concerns mount
- Chip stocks plunge, but bargain-hunters limit scale of tech rout
- FedEx falls 4% as FY2027 profit forecast misses expectations despite Q4 beat
- Oil prices finish 1% lower as investors focus on Hormuz flows after peace talks
- South Korea leveraged ETF crisis sparks global chip selloff
- Exclusive-China robot-hand-building unicorn Linkerbot targets $6 billion valuation
- Spain's ex-transport minister sentenced to 24 years for corruption
- China, US, UAE police arrest 276 telecom fraud suspects in Dubai
- Needham Starts NeoVolta (NEOV) at Buy
- Li Auto Inc. (LI) Breaks Ground on Chips R&D and Production Base
Meta (META) to allow European users to opt out of targeted ads
March 30, 2023 1:25 PM EDTThe Wall Streel Journal reports Thursday, citing people familiar with the matter, that social media platform company, Meta (NASDAQ: META) is preparing to allow European Facebook and Instagram users to opt out of certain highly personalized ads.
The move comes as part of a plan to limit the impact of a European Union privacy order that was approved in December. The European regulators ruled that Meta shouldnt require users to agree to personalized ads based on their online activity, a ruling that could limit the... More
KeyBanc confident in Intuit's defensive positioning, says Microsoft the survey leader in UCaaS
March 29, 2023 2:09 PM EDTKeyBanc Capital Markets raised its price targets on Intuit (NASDAQ: INTU) to $475 and Microsoft (NASDAQ: MSFT) to $316 per share in a note to clients on Wednesday, maintaining Overweight ratings on both.
Analysts at the firms explained that they... More
Tech executives including Elon Musk push for a pause in the development of new AI tools - WSJ
March 29, 2023 10:33 AM EDTTech executives, including Tesla Chief Executive Officer Elon Musk and director of the University of Montreal's Institute for Learning Algorithms Yoshua Bengio, are pushing for a pause in the development of powerful new AI tools, according to a report by the Wall Street Journal on Wednesday.
The publication said the supporters of the potential pause believe it... More
