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Tag: market

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
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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...

Americans’ Views of Housing Market Worse Than After 2008 Market Crash

Americans’ Views of Housing Market Worse Than After 2008 Market Crash

by AoCEgWtx4o
May 17, 2023
0

Americans’ views of the housing market have plunged as interest rates continue to rise because of government-fueled inflation. Gallup released new polling data showing that only 21% of Americans say now is a good time to buy a house, down 9 percentage points from the previous year. This year and last year during the Biden administration are the only times that fewer than half of Americans said it was a good time to buy a house since Gallup began asking in 1978. RELATED: California Could Pay Unemployment to Illegal Aliens Even during the housing...

Hertz is going electric, with big implications for EV and auto market

Hertz is going electric, with big implications for EV and auto market

by AoCEgWtx4o
May 14, 2023
0

Tesla Model 3 electric vehicles at a Hertz neighborhood location.HertzConsumers may be on the fence about whether it's yet time to buy EVs, but car-rental giant Hertz Global Holdings has made the leap.Markets boosted shares of Estero, Fla.-based Hertz after its recent earnings report, as first-quarter revenue hit $2 billion and per-share earnings of 39 cents handily beat forecasts of 21 cents a share. But behind the short-term numbers is the company's long-term adjustment to big changes in transportation, tourism and energy: Hertz is going electric.The company plans to have 25% of its 500,000...

AI could threaten search ad market, but also presents opportunity

AI could threaten search ad market, but also presents opportunity

by AoCEgWtx4o
May 9, 2023
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The Naver Corp. website arranged on a screen in Gimpo, South Korea on Sept. 9, 2021.SeongJoon Cho | Bloomberg | Getty ImagesWhile artificial intelligence chatbots like ChatGPT pose a threat to the search ad market, South Korean internet giant Naver sees the rise of AI as an opportunity for the company.Naver is South Korea's most used search engine, according to Statista, commanding a 61.2% market share of monthly active users. In contrast, the ever ubiquitous Google has a 28.55% market share in the country.related investing newsAI-powered chatbots like ChatGPT pose a threat to search...

Ether rallies 5% as meme mania reenters the crypto market

Ether rallies 5% as meme mania reenters the crypto market

by AoCEgWtx4o
May 5, 2023
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The price of ether jumped on Friday as investors gambled on crypto's newest memecoins.Ether closed higher by 5.61% at about $1,990, according to Coin Metrics. It's still below the key $2,000 level it briefly broke through in April following the Shapella upgrade. Earlier in the day it rose more than 6% to hit a high of $1,999.59.Bitcoin ended the day higher by at $29,501.16. It's inching back towards the $30,000 level it's struggled to recover since mid-April.Market participants put the move on attempts to bring meme mania back to crypto. Cryptocurrencies rallied to start...

FDA pulls Makena from market, saying company didn’t prove it works : Shots

FDA pulls Makena from market, saying company didn’t prove it works : Shots

by AoCEgWtx4o
April 6, 2023
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The U.S. Food and Drug Administration has pulled its approval for an unproven drug intended to prevent premature births. Manuel Balce Ceneta/AP hide caption toggle caption Manuel Balce Ceneta/AP The U.S. Food and Drug Administration has pulled its approval for an unproven drug intended to prevent premature births. Manuel Balce Ceneta/AP The Food and Drug Administration is pulling its approval for a controversial drug that was intended to prevent premature births, but that studies showed wasn't effective. Following years of back-and-forth between the agency and the drugmaker Covis Pharma, the FDA's decision came suddenly...

Housing market correction is losing steam—where 7 revised forecast models see U.S. home prices going from here

Housing market correction is losing steam—where 7 revised forecast models see U.S. home prices going from here

by AoCEgWtx4o
April 1, 2023
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Out West, the correction was particularly sharp as markets like Phoenix and Seattle saw home prices fall 10.4% and 16.3%, respectively, from their peak. In the eastern half of the country, the correction is much milder as some regional housing markets, including Cleveland, saw prices decline by less than 1% since the peak. But the story is already changing: As the housing market moves into its busier spring seasonal period, the correction is losing steam. Indeed, among the 200 largest housing markets tracked by the Zillow Home Value Index, only 38% of major markets notched a month-over-month home price decline...

India outbound travel market won’t overtake China’s soon: Analyst

India outbound travel market won’t overtake China’s soon: Analyst

by AoCEgWtx4o
March 25, 2023
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Crowd of travelers wait to check-in for their flight at Indira Gandhi International Airport in Delhi, India, on May 31, 2022.Nurphoto | Nurphoto | Getty ImagesIndia's airline industry may be on a strong growth trajectory — but don't expect India's outbound travel to overtake China's soon, aviation analysts say.Travel demand to and from India is expected to grow as the country's middle class expands and more residents travel abroad for the first time, Brendan Sobie, independent analyst at Sobie Aviation said. But "don't expect India to be a bigger outbound market than China anytime...

A federal judge in Texas hears case that could force an abortion pill off the market : NPR

A federal judge in Texas hears case that could force an abortion pill off the market : NPR

by AoCEgWtx4o
March 17, 2023
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Following a hearing Wednesday in Texas, a decision on whether to take an abortion pill off the market is now up to a federal judge, who was appointed by former President Donald Trump. SACHA PFEIFFER, HOST: It is now up to a federal judge appointed by Donald Trump to decide whether to take an abortion pill off the market. That drug is used in nearly all medication abortions in the United States, and anti-abortion groups are suing over whether the FDA improperly approved it. NPR's Sarah McCammon was in the Texas courtroom yesterday when...

Home price correction’s latest shift, as told by 6 housing market charts

Home price correction’s latest shift, as told by 6 housing market charts

by AoCEgWtx4o
March 14, 2023
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An updated analysis of Zillow Home Value Index data by Fortune (see chart below), finds that 38% of the nation’s 200 largest housing markets saw a month-over-month home price decline in February. That share has steadily declined over the past few months. At the height of the housing correction, 79% of the nation’s 200 largest housing markets saw a month-over-month home price decline in September. In October, 76% of those major markets saw a home price decline. In November and December, it was down to 64% and 67%, respectively. And by January, just 47% of the nation’s 200 largest...