Tech industry titans, including Elon Musk and Palantir co-founder and CEO Alex Karp, gathered at the U.S. Capitol for a bipartisan Artificial Intelligence (AI) Insight Forum hosted by Senate Majority Leader Chuck Schumer. The purpose of the meeting was to discuss AI regulation and establish guidelines for the powerful technology. Musk described the meeting as …
Hadrian Automation: Seizing Opportunities in the Changing Landscape When President Joe Biden signed an executive order restricting U.S. investment in critical technologies in China, the venture capital (VC) community remained unshaken, having already withdrawn from the Chinese market due to political tensions and trade restrictions. However, this shift has led to a rise in investment …
The exterior of a Dollar General convenience store is seen in Austin, Texas, March 16, 2023. Brandon Bell | Getty Images Discover the key movers and shakers in the market before the opening bell: Dollar General — The discount retailer experienced a hefty 15.3% decline after releasing its second-quarter earnings per share of $2.13, falling …
Dry cannabis flowers inside the packaging room at the Aphria Inc. Diamond facility in Leamington, Ontario, Canada, on Wednesday, Jan. 13, 2021. Anne Sakkab | Bloomberg | Getty Images Stay informed with the latest company updates. Salesforce saw a 3% surge in its stock following the announcement of its quarterly results and guidance that exceeded …
Here are the companies that are making waves in midday trading: 1. Best Buy: Shares of Best Buy surged by almost 6% after the retailer reported better-than-expected earnings for its fiscal second quarter. The company’s adjusted earnings per share came in at $1.22, beating the analysts’ consensus estimate of $1.06. Additionally, Best Buy’s revenue of …
A UPS worker inspects an Amazon package for delivery in New York. Eduardo Munoz | Reuters Explore the trending companies in premarket trading. Sagimet Biosciences — Shares of the biopharmaceutical company surged 31% following an upgrade from Goldman Sachs. The firm emphasized Sagimet’s potential for significant gains due to advancements in its treatment for nonalcoholic …
PNC Financial, Citizens Financial, M&T Bank — Regional bank stocks faced downward pressure on Tuesday following a credit downgrade by Moody’s in several smaller institutions. Moody’s also announced the review of credit ratings for some larger banks. M&T Bank and Webster Financial, whose credit ratings were downgraded, experienced a decline in their stock prices. Citizens …
Alex Karp, the CEO of Palantir Technologies Inc., delivered a speech at the 2023 CERAWeek by S&P Global conference in Houston, Texas, US on March 7, 2023. Aaron M. Sprecher | Bloomberg | Getty Images Palantir Technologies has revised its annual revenue target as it seeks to commercialize AI, but not all analysts are convinced. …
In the morning session of the Allen & Company Sun Valley Conference in Sun Valley, Idaho, on July 13, 2023, Alex Karp, CEO of Palantir Technologies, confidently shared groundbreaking insights and strategies, leaving a lasting impression on attendees. This prominent event was attended by influential figures from various industries, and Karp’s presence was highly anticipated. …
Model Y cars are showcased during the grand opening of Tesla’s new Gigafactory in Gruenheide, Germany, on March 22, 2022. Photo by Patrick Pleu | Pool | via Reuters Take a look at the latest news from these companies in midday trading. Tesla — The stock of the leading electric vehicle manufacturer declined by nearly …