C&E Industry News Filter

ChatGPT AI Technology Will Create Copyright Law Problems

text size With a few words of instruction, ChatGPT can generate coherent, fluent text that feels human-generated. This could cause copyright law chaos, write Shawn C. Helms and Jason D. Krieser. dreamtime About the authors: Shawn C. Helms and Jason D. Krieser are partners at international law firm McDermott Will & Emery and co-heads of …

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‘It’s not an earnings release, it’s a crime scene’: Analysts, and social media, react to Intel’s awful quarter.

“We have written the phrase ‘Worst earnings report in our history of covering this company’ on more than one occasion over the last couple of years. But this time we REALLY mean it…” That was the comment from a team of analysts at Bernstein, led by Stacy Rasgon, and a sampling of shock waves rippling …

‘It’s not an earnings release, it’s a crime scene’: Analysts, and social media, react to Intel’s awful quarter. Read More »

Bed Bath & Beyond stock plunges more than 20% after filing shows default on loans

Bed Bath & Beyond Inc. shares plunged more than 20% and were halted Thursday afternoon, after the retailer disclosed in a filing that it was in default on loans that have been called in. The struggling retailer finally filed its quarterly report with the US Securities and Exchange Commission on Thursday at roughly 2:30 pm …

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Opinion: Tesla earnings beat was thanks to still-nonexistent ‘full self driving’

More than six years after beginning to sell “full self driving” to consumers, Tesla Inc. beat on fourth-quarter earnings thanks to recognizing more than $300 million from sales of the software, which still doesn’t do what its name suggests. Tesla TSLA, +10.97% beat Wall Street’s target for adjusted earnings by six cents a share Wednesday …

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Intel Stock Slides on Weak Earnings and Even Weaker Forecast

text size Intel’s fourth-quarter earnings came in below Wall Street estimates. Courtesy of Intel Intel on Thursday missed profit expectations for the fourth quarter and provided a revenue forecast for its March quarter far below Wall Street’s expectations. The chip maker said its business in China was the weakest region relative to initial expectations for …

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Tesla stock ready to soar on Thursday, as analysts say latest results may quiet the bears for now

Tesla Inc. shares were climbing Thursday as investors applauded an earnings beat and upbeat comments from CEO Elon Musk, with some Wall Street analysts saying the bears should go away for now. Shares of Tesla TSLA, +8.24% jumped around 7% in premarket trading, indicating the stock could open around $154 from a close of $144. …

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This recession indicator is close to the point of no return. But stocks historically rally if the Fed cuts and the economy still grows.

It’s way too early to proclaim a Goldilocks environment, even if major asset classes are at least pointing to a better chance of it. The S&P 500 SPX has gained 5% this year, and the tech-heavy Nasdaq Composite COMP is up 8%, even with a seemingly daily stream of job-cut announcements. Stay tuned Thursday to …

This recession indicator is close to the point of no return. But stocks historically rally if the Fed cuts and the economy still grows. Read More »

Amazon Stock Drops. Microsoft’s Outlook Hits Cloud Stocks.

text size Microsoft stock falls as investors digested the company’s outlook. It doesn’t bode well for others in cloud computing. Jeenah Moon/Getty Images Microsoft ‘s outlook was so worrisome that it’s knocking down the stocks of other cloud companies, including amazon.com . While Microsoft’s latest quarterly results revealed strength in its cloud computing business, a …

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