We’re still in the early stages of the generative-AI revolution, says Oded Netzer, vice dean of research and professor at Columbia Business School.
: More trouble for Boeing as latest 737 Max problem could delay deliveries
A fresh manufacturing problem at a Boeing Co. supplier is likely to lead to delivery delays at the aerospace and defense company.
The Ratings Game: Here’s the biggest surprise from Nvidia’s earnings, according to Morgan Stanley
Even though Wall Street expected a beat-and-raise quarter from Nvidia Corp., many were blown away by the sheer magnitude of the upside.
Market Extra: Famed short seller Marc Cohodes rails against ‘sociopath’ critics and says he lost ‘a million dollars’ on AMC bet in wild interview
Marc Cohodes loves to crow about his prescient bets against companies that eventually imploded. And there have been many. But don’t question him about his mistakes on the long side.
Deep Dive: Can Nvidia keep growing this quickly? Here’s what Wall Street thinks.
Nvidia increased revenue by 88% quarter-over-quarter and blew past its own expectations. Now we look ahead to see how long its AI ramp is expected may continue.
The Wall Street Journal: Russian court extends pretrial detention of Wall Street Journal reporter through November
Evan Gershkovich was detained in March on an espionage allegation that he, the Journal and the U.S. government vehemently deny.
: T-Mobile to cut about 5,000 jobs, or 7% of employees
The cuts will largely affect corporate and back-office roles at T-Mobile, with some impact on technology roles as well.
: Mallinckrodt to file for chapter 11 bankruptcy again and leave $1 billion of $1.7 billion opioid settlement unpaid
Mallinckrodt will file for bankruptcy for a second time as the drugmaker struggles with an opioid settlement.
Economic Report: Durable-goods orders rise for third month in a row — if Boeing is taken out of the equation
Total durable-goods orders sank 5.2% in July, factoring in the decline in Boeing contracts.
Economic Report: Jobless claims drop to 3-week low of 230,000. Still no sign of rising U.S. layoffs.
The number of Americans who applied for unemployment benefits last week fell by 10,000 to 230,000, offering further evidence the labor market is rock solid.
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