Goldman Sachs’ David Kostin is optimistic about this year’s earnings despite concerns about margin pressures due to higher inflation. He notes that a significant percentage of companies have already reported their earnings for the season, with the majority exceeding expectations on the bottom line. Kostin believes that companies are managing to maintain their margins and
The Federal Trade Commission recently made a significant decision by voting 3-2 in favor of a nationwide ban against noncompete agreements. These agreements are typically used by companies to prevent their employees from seeking employment with competitors in the same industry. The implications of this ruling could have far-reaching consequences for the labor market and
One year after being exposed to COVID-19, taste dysfunction seemed to have fully resolved for most individuals, while smell loss persisted in some cases. According to a national cross-sectional study conducted by Shima Moein, MD, PhD, and her team, olfactory dysfunction was present in 30.3% of individuals who had previously contracted COVID-19, compared to 21%
TikTok and its parent company, ByteDance, have collectively spent over $7 million in 2023 to influence Congress and federal officials in an effort to prevent potential legislation that could ban the popular social media app in the United States. ByteDance alone allocated a record-breaking $2.68 million on in-house TikTok lobbyists in the first quarter of
Jack Dorsey, the CEO of Block (formerly Square), recently announced that the company is taking its bitcoin mining efforts to the next level. They are not only designing chips but will also be developing a full bitcoin mining system. This move signifies Block’s commitment to making bitcoin mining more accessible and decentralized. In a recent
Microsoft recently unveiled the Phi-3, its newest and smallest language artificial intelligence (AI) model. This advancement in AI technology has the potential to revolutionize the way smartphones operate, as smaller AI models can now be integrated into mobile devices. The Phi-3 model is the successor to Phi-2, boasting higher training databases and larger parameters. The
The highly anticipated horror film “Stream,” produced by the same team behind the successful Terrifier franchise, is gearing up for a theatrical release in the U.S., Canada, and Mexico on August 21st. The movie brings together key members of the Terrifier 2 crew, including producer Phil Falcone, composer Paul Wiley, and director Michael Leavy who
Despite reporting quarterly earnings and revenue that surpassed analysts’ expectations, PepsiCo faced challenges in the U.S. market. Weaker demand, caused by Quaker Oats recalls and backlash to higher prices for its products, led to a decline in shares by more than 2% in morning trading. The company reported earnings per share of $1.61, higher than
The tech sector is currently experiencing a period of uncertainty, with the chief executive of Norway’s sovereign wealth fund expressing concerns about the “froth” in the market. As tech giants such as Tesla, Meta, Microsoft, and Google parent Alphabet gear up to release their earnings results, investors are eagerly awaiting to see how these companies
Tragedy struck as five migrants lost their lives during an ill-fated attempt to cross the English Channel, as reported by French police. The French coastguard confirmed the incident, stating that a rescue operation was underway after a boat carrying 110 individuals attempted the treacherous journey. While approximately a hundred migrants were rescued by a French