LOS ANGELES — LOS ANGELES (AP) — Amazon reported a boost in its quarterly profits Thursday and exceeded revenue estimates, sending the company’s stock up in after-hours trading. For the three months that ended on Sept. 30, the Seattle-based tech giant posted a revenue of $158.9 billion, higher than the $157.28 billion analysts had expected. … Read more
JACKSON, Miss. — Mississippi’s Republican legislative leaders said Thursday that they plan to push for Medicaid expansion to cover working people who earn too little to afford private insurance — a position that business groups have advocated but that Republican Gov. Tate Reeves opposes. House Speaker Jason White and Lt. Gov. Delbert Hosemann spoke about … Read more
Ecstatic fans took to the streets of Los Angeles after the Dodgers won the franchise’s eighth World Series title, but the joy turned into scattered unrest downtown and in nearby areas overnight, with vehicles burned and businesses burglarized. Crowds gathered Wednesday night near L.A. Live to celebrate, at times setting off fireworks. The Los Angeles … Read more
OpenAI CEO Sam Altman said Thursday that his company’s next big AI model release likely won’t come this year as the company is “prioritizing shipping” of existing models that are focused on reasoning and difficult questions. “All of these models have gotten quite complex and we can’t ship as many things in parallel as we’d … Read more
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Meena Flynn, Goldman Sachs global private wealth management co-head, join ‘Closing Bell’ to discuss why she expects the ‘Mag 7’ to be more muted heading into year-end. Source link
Citigroup investment bankers could see their fat cat bonuses clawed back by the US financial giant if a group of former staffers get their way. Ex-Citi executives fired off a five-page missive to the firm’s board demanding that they cancel the eye-popping payouts for hundreds of managers as part of CEO Jane Fraser’s turnaround plan, … Read more
A pig in Oregon has tested positive for H5N1 bird flu, according to a Wednesday announcement from the U.S. Department of Agriculture (USDA). The infected pig was from a backyard farming operation that had a “mix of poultry and livestock,” the press release stated. The USDA National Veterinary Services Laboratories confirmed that this was the … Read more
The text messages started pouring in during the fifth inning of Game 5 of the World Series, also known by me as the Everything Went Bad/Slumped Down in the Booth at the Bar inning. My friends in Los Angeles were texting me — the token New York Yankees fan for most of them — as … Read more
Intel CEO Pat Gelsinger holds an artificial intelligence processor as he speaks during the Computex conference in Taipei, Taiwan, on June 4, 2024. Annabelle Chih | Bloomberg | Getty Images Intel shares jumped 12% in extended trading on Thursday after the chipmaker reported better-than-expected revenue and issued quarterly guidance that topped expectations. Here’s how the … Read more
Mark Mahaney, Evercore ISI head of internet research, joins ‘Closing Bell’ to discuss Amazon ahead of earnings. Source link