Apple proved resilient in its latest quarter as the number of paying subscribers for its array of digital services crossed 1bn users worldwide, helping to lift profits from a year ago even as total revenue declined. The world’s largest company by market value said on Thursday that total revenue fell 1 per cent to $81.8bn
Municipals sold off Thursday, following U.S. Treasury losses after more economic data suggested the U.S. economy is strong enough to potentially warrant more rate hikes in the fall. Equities ended down. Ahead of Friday’s jobs report, Wall Street is “watching a global bond market selloff get uglier as U.S. stocks waver ahead of massive earnings
Optimism (OP) is a Layer 2 scaling solution, which operates as a separate blockchain built on top of Ethereum. Despite having a smaller total value locked (TVL) than its rivals, Optimism may still have the potential to thrive in the increasingly competitive DeFi landscape. Being one of the pioneers in the DeF space, Optimism initially
Louisiana has tapped a consortium led by Plenary Americas as the private sector partner to negotiate a 50-year public-private partnership to replace the aging Calcasieu River bridge on Interstate 10. Calcasieu Bridge Partners is a joint venture of Plenary Americas US Holdings, Inc., which holds a 40% equity stake, and Sacyr Infrastructure USA LLC, and
yellow there — The 2023 Porsche Cayman GT4 RS is the best sports car on sale today Transplanting the 911 GT3’s flat-six engine created a remarkable car. Bradley Iger – Jul 29, 2023 11:00 am UTC Enlarge / Everyone always said Porsche would never put its best flat-six engine in the Cayman or it would
Generative AI — A jargon-free explanation of how AI large language models work Want to really understand large language models? Heres a gentle primer. Timothy B. Lee and Sean Trott – Jul 31, 2023 11:00 am UTC EnlargeAurich Lawson / Ars Technica. reader comments 30 with When ChatGPT was introduced last fall, it sent shockwaves
Visa V has been in consolidation for two years, since trading at an all-time high of $252.67 on July 27, 2021.This was warranted considering that V was trading 37x earnings, significantly higher than its typical range of 25x 30x earnings. Now that the fundamentals have caught up to its stock price, V may be poised
Federal Reserve Bank of Richmond President Thomas Barkin said the greater-than-expected easing in inflation in June may be an indication that the U.S. economy can have a “soft landing,” returning to price stability without a damaging recession. “There is still a plausible story that inflation normalizes in short order and the economy dodges additional trauma,”
Let’s get business out of the way before getting to the fun part: Meta, the parent company of WhatsApp, Facebook and Instagram, is heavily involved in virtual worlds through its metaverse unit, Reality Labs. However, its investments have yet to pay off, with the metaverse company reporting collective losses of over $40 billion. Despite the
yellow there — The 2023 Porsche Cayman GT4 RS is the best sports car on sale today Transplanting the 911 GT3’s flat-six engine created a remarkable car. Bradley Iger – Jul 29, 2023 11:00 am UTC Enlarge / Everyone always said Porsche would never put its best flat-six engine in the Cayman or it would
Generative AI — A jargon-free explanation of how AI large language models work Want to really understand large language models? Heres a gentle primer. Timothy B. Lee and Sean Trott – Jul 31, 2023 11:00 am UTC EnlargeAurich Lawson / Ars Technica. reader comments 30 with When ChatGPT was introduced last fall, it sent shockwaves
Visa V has been in consolidation for two years, since trading at an all-time high of $252.67 on July 27, 2021.This was warranted considering that V was trading 37x earnings, significantly higher than its typical range of 25x 30x earnings. Now that the fundamentals have caught up to its stock price, V may be poised
yellow there — The 2023 Porsche Cayman GT4 RS is the best sports car on sale today Transplanting the 911 GT3’s flat-six engine created a remarkable car. Bradley Iger – Jul 29, 2023 11:00 am UTC Enlarge / Everyone always said Porsche would never put its best flat-six engine in the Cayman or it would
Generative AI — A jargon-free explanation of how AI large language models work Want to really understand large language models? Heres a gentle primer. Timothy B. Lee and Sean Trott – Jul 31, 2023 11:00 am UTC EnlargeAurich Lawson / Ars Technica. reader comments 30 with When ChatGPT was introduced last fall, it sent shockwaves
Visa V has been in consolidation for two years, since trading at an all-time high of $252.67 on July 27, 2021.This was warranted considering that V was trading 37x earnings, significantly higher than its typical range of 25x 30x earnings. Now that the fundamentals have caught up to its stock price, V may be poised
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Municipals were weaker Wednesday as investors digested another larger new-issue slate, August redemption dollars, better-than expected economic data and the Fitch downgrade to the United States’ rating. U.S. Treasury yields rose slightly out long and equities sold off. The weakness in munis and UST resulted partly from the ADP Employment Report that showed 324,000 jobs were
UK ministers are set to announce a further delay to post-Brexit border controls on animal and plant products coming from the EU, amid fears that extra bureaucracy on imported goods will fuel inflation. The decision to delay the new import regime at Britain’s ports, which had been due to start in October, is also intended
Ratings agency Fitch downgraded the United States’ long-term credit rating from AAA to AA+ on Aug. 1 and this move dented the risk on sentiment. The U.S. equities markets witnessed profit-booking on Aug. 2 and the cryptocurrency market’s recovery stalled in its tracks. However, after the knee-jerk reaction, the markets may settle down. The cryptocurrency
The Oklahoma Turnpike Authority triumphed in a hard-fought battle over the issuance of initial debt to finance a $5 billion expansion project, with the state Supreme Court Tuesday validating the bonds. In a 6-3 decision, the high court approved $500 million of second senior lien revenue bonds, rejecting arguments OTA lacks legislative authorization to build