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Tag: losses

AI is no joke when it causes 0 billion in market losses

AI is no joke when it causes $500 billion in market losses

by AoCEgWtx4o
May 24, 2023
0

xConfident that this picture claiming to show an "explosion near the pentagon" is AI generated. Check out the frontage of the building, and the way the fence melds into the crowd barriers. There's also no other images, videos or people posting as first hand witnesses. pic.twitter.com/t1YKQabuNL— Nick Waters (@N_Waters89) May 22, 2023 Though the market recovered almost as quickly as it shed those billions on Tuesday morning, it’s unclear how much effect the fake images—and the mostly fake accounts that spread them—had on the overall market results for the day. It’s also unclear just...

Amtrak Boondoggle Presses on ‘Unprecedented’ Funding and Expansion Despite Historic Losses

Amtrak Boondoggle Presses on ‘Unprecedented’ Funding and Expansion Despite Historic Losses

by AoCEgWtx4o
May 19, 2023
0

After posting historic spending deficits in 2021 and 2022, Amtrak is planning to spend more in fiscal year 2024 as federal funding expands to “unprecedented” levels. Amtrak posted operating losses of $1.08 billion in 2021 and $886.8 million in 2022, far greater than pre-COVID losses, but is still going ahead with expansion. By comparison, Amtrak lost $29.4 million in 2019, the year before the pandemic hit. RELATED: Poll: Majority of Americans Want Spending Cuts Included in Debt Ceiling Deal The increase in spending was pandemic-related, according to Amtrak. Amtrak asked Congress for a $350 million bump in...

AI trade is leaving investors vulnerable to painful losses: Evercore

AI trade is leaving investors vulnerable to painful losses: Evercore

by AoCEgWtx4o
May 9, 2023
0

The artificial intelligence trade may be leaving investors vulnerable to significant losses.Evercore ISI's Julian Emanuel warns Big Tech concentration in the S&P 500 is at extreme levels."The AI revolution is likely quite real, quite significant. But ... these things unfold in waves. And, you get a little too much enthusiasm and the stocks sell off," the firm's senior managing director told CNBC's "Fast Money" on Monday.In a research note out this week, Emanuel listed Microsoft, Apple, Amazon, Nvidia and Google parent Alphabet as concerns due to clustering in the names."Two-thirds driven by those top...

Angela Bassett and Austin Butler hold hands after Oscars losses

Angela Bassett and Austin Butler hold hands after Oscars losses

by rachelmeadows
March 13, 2023
0

Neither Angela Bassett nor Austin Butler “did the thing” — but at least they had each other at Oscars 2023. Bassett, 64, and Butler, 31, both lost out on their nominations at the 95th Academy Awards ceremony Sunday night — and now a touching video of the two holding hands has gone viral. Bassett was nominated for the Oscar for Best Supporting Actress for her role in “Black Panther: Wakanda Forever,” which she lost to Jamie Lee Curtis, 64, for “Everything Everywhere All At Once.” Meanwhile, Butler was nominated for Best Actor for his role as...

Jay-Z Responds To Beyoncé’s Multiple Grammys Losses

Jay-Z Responds To Beyoncé’s Multiple Grammys Losses

by rachelmeadows
February 12, 2023
0

Jay-Z Responds To Beyoncé's Multiple Grammys Losses Jay-Z is still "Drunk in Love" with his wife and her illustrious music career regardless of the big wins and the even bigger losses. Last Sunday, Beyoncé Knowles-Carter made history when she became the most-awarded Grammy artist at the 65th annual ceremony. But, despite this great accomplishment, the night quickly turned sour when she lost the show's most coveted award (for the fourth time). The award for Album of the Year went to Harry Styles's Harry's House. Beyoncé has never won album of the year despite being...

Ether leads Bitcoin in losses after Kraken settlement

Ether leads Bitcoin in losses after Kraken settlement

by AoCEgWtx4o
February 10, 2023
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The Securities and Exchange Commission’s announcement on Thursday of a $30 million settlement with Kraken, related to the exchange’s staking product, caused crypto prices to tumble, ending weeks of upward momentum. Staking, which involves users locking up tokens and earning yield to allow a blockchain to operate, is the backbone of a growing number of large crypto projects. The most widely used blockchain to employ staking is Ethereum, whose cryptocurrency Ether fell more than 6% on Friday to about $1,500—its lowest point since Jan. 19, according to CoinMarketCap. After weeks of trending upwards, Bitcoin,...

Hong Kong leading losses in Asia as tech stocks drag down most markets

Hong Kong leading losses in Asia as tech stocks drag down most markets

by AoCEgWtx4o
May 10, 2022
0

SINGAPORE — Most Asia-Pacific markets fell on Tuesday after heavy losses overnight on Wall Street that saw the tech-heavy Nasdaq Composite dropping more than 4%.Hong Kong's Hang Seng index, which returned to trade after a holiday on Monday, fell 2.73% in morning trade on Tuesday.Hong Kong-listed shares of Chinese tech firms dropped, with Tencent declining 3.21% while Alibaba shed 5.76% and NetEase fell 3.75%. The Hang Seng Tech index traded 4.37% lower.Technology shares elsewhere in Asia-Pacific also declined in Tuesday trade, largely mirroring losses after the Nasdaq Composite dropped 4.29% overnight to 11,623.25.Shares of...

Elizabeth Warren Warns Democrats Could Be Headed Toward ‘Big Losses’ In Midterms

Elizabeth Warren Warns Democrats Could Be Headed Toward ‘Big Losses’ In Midterms

by AoCEgWtx4o
April 18, 2022
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Sen. Elizabeth Warren warned that Democrats could be headed toward “big losses” in the November midterm elections if the ruling party does not do more in the coming months to fulfill the promises it made to voters.In an opinion piece published by The New York Times on Monday, the outspoken Massachusetts Democrat laid out the frustration and disappointment many Americans who voted for party members feel as President Joe Biden’s agenda stalls despite Democrats controlling the House, Senate and White House.“Republican senators and broken institutions have blocked much of that promised progress. Now Republicans...

Stock futures add to losses following S&P 500’s worst week since March 2020

Stock futures add to losses following S&P 500’s worst week since March 2020

by AoCEgWtx4o
January 24, 2022
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Trader on the floor of the NYSE, Jan. 21, 2022.CNBCStock futures rose declined Monday, following the S&P 500's worst week since March 2020, as investors awaited more corporate earnings results and a key policy decision from the Federal Reserve.Futures on the Dow Jones Industrial Average fell 107 points, or 0.25%. S&P 500 futures decline 0.45% and Nasdaq 100 futures declined 0.71%. All three major indexes had been higher earlier in the session.The early Monday action followed a brutal week on Wall Street in the face of mixed company earnings and worries about rising interest...

Deterred by surprise losses, Democrats sound alarm for 2022

Deterred by surprise losses, Democrats sound alarm for 2022

by rachelmeadows
November 4, 2021
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But Rep. Sean Patrick Maloney, the chairman of the Democratic Congressional Campaign Committee, had no doubts.“Glenn Youngkin got away with being everything to all people, and we can't let them do that,” said Mr. Maloney, adding: “House Republicans have voiced their fate with the toxic Trump agenda of lying about the elections, of minimizing the pandemic, of ignoring the attack on the Capitol.”Though more unexpected, Tuesday's Democratic defeats were not as overwhelming as the last time the party controlled the presidency and Congress, in 2009, when Republicans won the governorship of Virginia by 17...