By Jarrett Renshaw and Trevor Hunnicutt LIMA (Reuters) -U.S. President Joe Biden and Chinese President Xi Jinping agreed on Saturday that human beings and not artificial intelligence should make decisions over the use of nuclear weapons, according to the White House. “The two leaders affirmed the need to maintain human control over the decision to use nuclear weapons,” the White House said in a statement. “The two leaders also stressed the need to consider carefully the potential risks and develop AI technology in the military field in a prudent and responsible manner.” An official Chinese government summary of the meeting…
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Micron may prove to be a solid pick in the coming months. Micron Technology (MU -2.86%) stock surged nearly 80% in early 2024 and reached an all-time high of $153.14 on solid adoption of its high-performance memory products in the data economy. Despite this success, the stock is currently down by almost 32% from those highs. Investors were disappointed with the company’s fiscal 2024 third-quarter results (ended May 30), especially AI sales which fell short of lofty expectations. Furthermore, geopolitical and supply chain challenges plaguing the overall semiconductor industry also did not help overall investor sentiment for Micron. The difficult…
While Jeff Bezos Rides The Stock Market Boom, MacKenzie Scott Has Just Sold $8 Billion In Amazon Shares To Fund Charities Nationwide While Jeff Bezos is enjoying the recent rise in the stock market, his ex-wife, MacKenzie Scott, is making news for her generosity. She recently sold another $8 billion worth of Amazon shares and is using the money to help charities nationwide. Don’t Miss: Scott, who was previously married to Jeff Bezos, the founder of Amazon, has decided to use her money to try to change the world. Since their 2019 divorce, she has received a large amount of…
We glory in the practice of letting our writers and our analysts put forward views that don’t agree with each other, or with the “official” recommendations of our subscription-based advisory services, because we believe that leads investors to consider multiple sides to the investing argument. Two of the five FTSE 350 stocks mentioned here are recommended within our services. Why not discuss with friends and family whether you agree with the writers below! Aston Martin Lagonda What it does: Warwick-based Aston Martin Lagonda Global Holdings is a luxury car company. By Paul Summers. Having fallen 96% since listing, surely the only way…
By Echo Wang and Chandni Shah (Reuters) -TikTok’s parent company ByteDance is valuing itself at about $300 billion, after it recently approached investors about a share buyback program, according to two people familiar with the matter and a document viewed by Reuters. ByteDance reached out to investors in recent weeks, offering a price of $180.70 per share, the people said. The current offer price is an increase of 12.9% from the per share price of $160 in their last buy back program. The news about the valuation was earlier reported by the Wall Street Journal. ByteDance did not have any…
Stock investors loved Alan Greenspan because the policies he pursued during his tenure as chair of the US Federal Reserve benefited the equity markets. At least that was the conventional wisdom. But did the markets reflect this narrative on days when Greenspan testified before Congress? Did they tend to go up as we would expect, or did their performance contradict the narrative? And how did the markets respond when Jerome Powell and other Fed chairs testified? What does their behavior reveal about how they assessed each Fed chair? To answer these questions, we pulled S&P 500 and MSCI market and asset…
Porsche has urgently recalled 1,000 of its luxury vehicles due to a serious safety risk, warning owners not to drive their cars until the issue is resolved. The recall was prompted by a defect in the central locking nuts on the wheels, which can become defective. If these nuts break, they fail to properly secure the wheel to the car’s frame, increasing the risk of the wheel detaching while driving, especially at high speeds. This poses a significant safety hazard, as the loss of a wheel can result in loss of control, accidents, and potential injury. The recall affects around…
Interest in moving to Canada has spiked among Americans after the election.Beyond the physical move, there are financial considerations that potential movers should know of.Cross-border financial advisor Tiffany Woodfield shares 4 ways your finances will be impacted.The result of the 2024 elections left about half of the US displeased. As Donald Trump prepared to return to the White House, many Americans began considering a move up north, according to Google search traffic at least.Interest in moving to Canada tends to spike after big political events such as the 2016 election and the overturning of the Roe v. Wade Supreme Court…
SpaceX To Launch Tender Offer, Valuing Company At Over $250 Billion: Report Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. SpaceX, under the leadership of Elon Musk, is reportedly preparing to initiate a tender offer next month. What Happened: SpaceX’s tender offer will allow the sale of existing shares at $135 each, valuing the company at over $250 billion, as reported by Reuters. Musk’s ambition for human Mars exploration could become a national priority under Trump’s administration. The NASA Artemis program, which intends to use SpaceX’s Starship for lunar missions as…
The Trump transition team is considering a significant policy change that could have a major impact on the U.S. electric vehicle (EV) market: eliminating the $7,500 consumer tax credit for EV purchases. This potential move is part of broader tax reform efforts, which are being shaped by influential figures such as oil magnate Harold Hamm and North Dakota Governor Doug Burgum. The removal of the credit could complicate the transition to electric mobility in the U.S., a shift already facing hurdles in terms of adoption and infrastructure. In a surprising twist, Tesla and its CEO, Elon Musk, have backed the…