Jim Cramer on Thursday said he thinks investors who went short the market overplayed their hand. Jim also discussed the latest reports around First Republic (FRC) and what the Federal Reserve should do at its upcoming policy meeting.
Microsoft tries to justify A.I.’s tendency to give wrong answers by saying they’re ‘usefully wrong’
Current AI technologies like ChatGPT can often produce inaccurate responses, which presents a problem as Microsoft adds AI to Word, Excel, and other products.
Citigroup’s top ideas from here for the next 12 months
Citi added four new buy names to its focus list as the market enters a new period of volatility.
The uncommon lending practices behind Silicon Valley Bank’s woes
Of the roughly $74 billion in total loans Silicon Valley Bank held on its books at year-end, almost half went to borrowers who invested the cash in securities of their own.
Silicon Valley Bank ex-CEO backed Big Tech lobbying groups that targeted Dodd-Frank, sought corporate tax cuts
Silicon Valley Bank ex-CEO Greg Becker backed two lobbying groups financed by tech giants as they targeted Dodd-Frank and the corporate tax rate.
Lawyer who has negotiated salaries for decades: Female clients were offered less ‘100% of the time’
Jennifer Justice has been negotiating women’s salaries for decades. Excuses companies give for offering less include “their husbands made a lot of money.”
Google raises price of YouTube TV to $73 a month, blaming content costs
YouTube TV is Google’s cable replacement. It provides access to live TV and cable channels, delivered through an internet connection.
Amazon sued for not telling New York store customers about facial recognition
Thanks to a 2021 law, New York is the only major American city to require businesses to post signs letting customers know they’re tracking biometric information.
Four regional bank stocks for the brave to buy, according to UBS
The volatility in regional bank stocks has opened up an opportunity for investors. These are the names that top UBS’ list.
Wells Fargo upgraded this oil refiner that could rally more than 20%
The Wall Street firm upgraded the stock to overweight from equal weight.