Google DeepMind Demis Hassabis and Google co-founder Sergey Brin sat for an interview at Google I/O.Jennifer EliasGoogle on Tuesday announced that it’s getting back into the smart glasses game, and co-founder Sergey Brin said that this time will be different. “I’ve learned a lot,” Brin said Tuesday at a fireside chat during the annual Google I/O developer conference. His appearance came after Google announced a partnership with Warby Parker, which saw its stock rise more than 15% after the two companies said they plan to launch a series of smart glasses as soon as next year. The glasses will be built on…
Author: usaeverydaylife
Luis de Guindos, vice president of the European Central Bank (ECB), at a rates decision news conference in Frankfurt, Germany, on Thursday, Jan. 30, 2025.Alex Kraus/Bloomberg via Getty ImagesThe European Central Bank on Wednesday said a “fundamental regime change” could be underway in financial markets as investors appear to be reassessing how risky U.S. assets really are in the wake of trade tariffs.In its latest Financial Stability Review, the central bank discussed the recent spike in market volatility off the back of global trade tensions driven by U.S. tariff policy.Markets have been reacting sensitively to the frequent updates around trade…
Check out the companies making headlines before the bell. Palo Alto Networks — Shares of the cybersecurity company dipped 3.7% after Palo Alto Network’s gross margin for the fiscal third quarter came out below estimates . The company still beat on earnings and revenue expectations, however. UnitedHealth — Shares dropped more than 6% after HSBC downgraded the health insurance giant, saying valuations are still elevated despite a recent rout. Target — The retailer’s stock slipped 3.5% after Target missed first-quarter revenue estimates and cut its full-year sales outlook. Executives blamed tariff uncertainty, weaker discretionary spending and backlash to the company’s rollback of key…
Florida, Port St Lucie: TJMaxx, a cashier with a customer at check out.Jeff Greenberg | Universal Images Group | Getty ImagesTJX Cos maintained annual forecasts and beat Wall Street expectations for first-quarter sales on Wednesday, as shoppers looking for deals to save money in the face of growing economic uncertainties flocked to the stores of the off-price retailer.Fears of a potential recession and accelerating inflation triggered by hefty tariffs imposed by countries across the globe have pushed people to rethink their spending patterns, boosting demand for off-price and discount goods.Investors and analysts have said off-price retailers such as TJ Maxx,…
Alphabet’s latest artificial intelligence offering has analysts on Wall Street standing by their optimistic view of the stock. The company unveiled a suite of AI-powered tools at its Google IO developer conference on Tuesday that are available via $249.99 per month subscription called “Google AI Ultra .” The service includes higher usage limits, which will allow users to access the full capability of Google’s large language model Gemini, as well as new initiatives like its AI film making tool Flow and 30 terabytes of storage. The plan also includes a YouTube Premium subscription. The rollout comes as Alphabet is racing…
My top 10 things to watch Wednesday, May 21 1. Wall Street was headed for a modestly lower open as bond yields rose, the morning after the S & P 500 snapped its six-session, nearly 5.5% winning streak. The moves follow reports about finalizing the GOP budget bill to deliver tax cuts. Some members want higher SALT (state and local taxes) deductions. Others worry that a big number could exacerbate the deficit. 2. Most of April was weak because of the turmoil in Washington and President Donald Trump ‘s “Liberation Day” tariffs, which froze a lot of CEOs. Will the upswing…
Congressman Gerry Connolly (D-VA) questions witnesses during a House Committee on Oversight and Government Reform hearing titled “A Hearing with Sanctuary City Mayors” in Washington, DC on March 5, 2025. Anadolu | Anadolu | Getty ImagesDemocratic Rep. Gerry Connolly of Virginia has died at the age of 75 after a battle with esophageal cancer, his family said Wednesday.”It is with immense sadness that we share that our devoted and loving father, husband, brother, friend, and public servant, Congressman Gerald E. Connolly, passed away peacefully at his home this morning surrounded by family,” read a statement posted on Connolly’s X account.Connolly…
An Xpeng booth at the 2025 Spring International Auto Show in Qingdao, Shandong province, China, on March 7, 2025.Cfoto | Future Publishing | Getty ImagesXpeng shares jumped as much as 6% in premarket trading in New York, after the Chinese electric vehicle upstart reported first quarter earnings that were ahead of expectations.The stock had pared gains to rise 5.23% at 12:44 p.m. London time.Here’s how Xpeng did in the first quarter versus LSEG estimates:Revenue: 15.81 billion Chinese yuan ($2.18 billion), up 141.5% year-on-year and comparing with 15.1 billion yuan expected.Net loss: 660 million yuan, versus a 1.4 billion yuan loss expected and…
Canada Goose jackets for sale inside a Nordstrom store in Toronto, Ontario, Canada, on Tuesday, March 21, 2023. Nordstrom will close its six Canadian department store locations and seven Nordstrom Rack shops, as CEO Erik Nordstrom said the company no longer sees a realistic path to profitability in the country, The Canadian Press reports. Photographer: Cole Burston/Bloomberg via Getty ImagesCole Burston | Bloomberg | Getty ImagesShares of Canada Goose rose around 8% on Wednesday after the company reported fiscal fourth-quarter earnings that beat analysts’ estimates, though the company pulled its fiscal year 2026 outlook due to “macroeconomic uncertainty.”The luxury retailer…
Here are Wednesday’s biggest calls on Wall Street: Morgan Stanley reiterates Dell as overweight Morgan Stanley raised its price target on Dell ahead of earnings next week to $126 per share from $89. “Big picture, we believe DELL’s AI server positioning and momentum remains strong, that storage and general server demand remains stable with DELL a relative share gainer, and that PCs should show relative near-term strength from demand pull-forward.” Jefferies initiates Western Alliance as buy Jefferies said the regional bank has “robust growth.” “We are initiating coverage of Western Alliance with a BUY rating and a price target of…
