Jose Luis Pelaez Inc | Digitalvision | Getty ImagesAt around the same time Accenture announced its investment in data labeling startup Snorkel AI to power its financial services clients in August, the startup announced it was laying off about 13% of its staff.It wasn’t alone.When Meta took a massive stake in Scale AI in June, the deal was billed as a sign of confidence in the fast-growing data-labeling company. It was also the catalyst that resulted in laying off 14% of its staff. Windsurf, a coding AI startup, offered buyouts to all of its employees after a failed OpenAI acquisition…
Author: usaeverydaylife
An aerial view of residential homes, many with solar panels, on Sept. 17, 2025 in Fontana, California. Mario Tama | Getty ImagesMortgage rates last week dropped to the lowest level in a month, pushing more borrowers to refinance. Potential homebuyers, however, were not as enthused.The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances, $806,500 or less, decreased last week to 6.37% from 6.42%, with points falling to 0.59 from 0.61, including the origination fee, for loans with a 20% down payment.As a result, applications to refinance a home loan, which are most sensitive to weekly changes…
Tickets still available for ‘Fast Money’ live Trading the Holidays event Source link
If you’re looking to save some cash, you have a small window of opportunity to lock in a guaranteed, inflation-beating return before savings rates fall further.Why’s that? The Federal Reserve is meeting next week to decide if there will be another rate cut and it’s pretty much a given. After weakening jobs data, the U.S. central bank lowered its benchmark rate in September, which marked the first time since December 2024. For online banks and credit unions that tend to offer the highest-yield CDs, there’s certainly been a domino effect.A look into CD ratesCD rates generally mimic the fed funds…
Mark Zuckerberg, CEO of Meta Platforms.David Paul Morris | Bloomberg | Getty ImagesMeta will lay off roughly 600 employees within its artificial intelligence unit as the company looks to reduce layers and operate more nimbly, a spokesperson confirmed to CNBC on Wednesday.The company announced the cuts in a memo from its Chief AI Officer Alexandr Wang, who was hired in June as part of Meta’s $14.3 billion investment in Scale AI. Workers across Meta’s AI infrastructure units, Fundamental Artificial Intelligence Research unit and other product-related positions will be impacted.Axios was first to report the cuts.Meta has been aggressively investing in…
General Motors CEO Mary Barra speaks during the Semafor World Economy Summit 2025 at Conrad Washington on April 23, 2025 in Washington, DC. Kayla Bartkowski | Getty ImagesNEW YORK — General Motors is targeting a suite of new software initiatives for its vehicles over the next three years, including an in-vehicle artificial intelligence assistant from Google and a driver-assistance system that can largely control the vehicle without human interaction or monitoring.GM said the conversational Google Gemini AI will begin launching in its vehicles next year, followed by the new driver-assistance system, which will allow drivers to be hands-free and take…
BioAge Labs shares have ample room to run as the biotechnology firm’s obesity treatment is poised to gain traction in the booming weight management solutions market, according to Citigroup. The bank upgraded BioAge to buy from neutral on Wednesday, doubling its 12-month price target on the stock to $10 from $5, implying 89% upside from Tuesday’s close. “Given guidance for multiple [obesity product] and third-party data readouts over the next ~12-15 months, we believe it’s appropriate to upgrade BIOA,” Citi analyst Samantha Semenkow said in a note to clients. “We see the upcoming clinical data from both BioAge and competitors…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailFast MoneyCNBC’s Phil LeBeau joins ‘Closing Bell Overtime’ to report on the latest news surrounding Boeing.03:40Fri, Oct 17 20255:18 PM EDT Source link
I recently laid out a bullish thesis for Gilead Sciences (GILD) , and that trade just expired on Friday with a 144% gain. The bullish debit vertical spread successfully captured the upside to a new 52-week high as sentiment improved around Gilead’s strengthening HIV franchise and expanding oncology portfolio. I’m looking to roll our profits into a new bullish position to capitalize on this momentum and position for what could evolve into a “home run” trade if the bullish trend persists for GILD. Trade timing & outlook Breakout confirmation: The breakout above the major $120 resistance signals the start of a new bullish trend. Momentum:…
Airbnb CEO Brian Chesky said he wants to integrate ChatGPT artificial intelligence capabilities into the travel platform but the software isn’t ready.”The [software development kit] wasn’t quite robust enough for the things we want to do,” he told CNBC’s “Squawk Box” on Wednesday. Chesky said the company would “probably” want to integrate ChatGPT eventually. Airbnb on Tuesday launched a series of new social features, such as direct messaging, to its platform. The update also included a personalized version of the company’s chatbot launched earlier this year that can cancel and change reservations for users in North America.In an interview with…
