Is It Time To Buy Ethereum Ahead Of The ETF Decision? ‘It Might Be Time To Pull Another Crazy Rally,’ Trader Speculates

Published by
Benzinga

With a decision on the approval of spot Ethereum ETFs looking on May 23, the cryptocurrency community is discussing whether Ethereum (CRYPTO: ETH) is ready to rebound. What Happened: Cold Blooded Shiller kicked off the discussion by referencing a thread he wrote back in November when Ethereum was at a psychological low. He believes the situation now is similar, if not worse, and has decided to go long on ETH again. “ETH maxi’s are in shambles,” he notes, pointing out the euphoria among Solana enthusiasts and the peak of memes. Despite the undeniable poor performance, he asserts, “It’s time.” J… Read More “Is It Time To Buy Ethereum Ahead Of The ETF Decision? ‘It Might Be Time To Pull Another Crazy Rally,’ Trader Speculates”

EU Commission gives Microsoft 10 days to hand over Bing AI documents

Published by
DPA International

The European Commission on Friday gave Microsoft a legally binding deadline of May 27 to supply documents concerning the use of generative artificial intelligence (AI) in its Bing search engine. The order concerns two features: “Copilot in Bing,” a multipurpose system that can create text and images based on prompts from the user, and “Image Creator by Designer,” an image generator. The commission says it suspects AI-generated false information – known as “hallucinations” – from these systems, as well as AI-generated “deepfakes” and voter manipulation, may violate the European Union’s DigitalRead More “EU Commission gives Microsoft 10 days to hand over Bing AI documents”

Why Is DXC Technology Stock Tumbling Friday?

Published by
Benzinga

DXC Technology (NYSE:DXC) shares are down Friday morning after the company reported financial earnings for the fourth quarter and issued weak guidance. The Details: After market close on Thursday, DXC reported financial results for the fourth quarter, including adjusted EPS of 97 cents, beating analyst estimates of 83 cents. In addition, DXC announced sales of $3.38 billion beating analyst estimates of $3.36 billion. This figure represents a 5.7% year-over-year decrease. The company announced financial results for the full 2024 fiscal year as well with total revenue at $13.67 billion and adjus… Read More “Why Is DXC Technology Stock Tumbling Friday?”

Fed Chair Jerome Powell Tests Positive For COVID-19, Working From Home

Published by
Benzinga

Federal Reserve Chair Jerome Powell has tested positive for COVID-19 and is working from home. What Happened: Powell, 71, tested positive for COVID-19 Thursday and is experiencing symptoms, a Fed spokesperson said in an emailed statement, according to Reuters. He is adhering to the guidance of the U.S. Centers for Disease Control and Prevention and is working from home, away from others. The announcement comes after Powell’s recent trip to Europe, where he appeared at an event in Amsterdam with Dutch central bank president Klaas Knot. See Also: Shift4 Payments Unusual Options Activity Despite … Read More “Fed Chair Jerome Powell Tests Positive For COVID-19, Working From Home”

Woman shocks followers after ignoring Doctor’s orders when taking Zolpidem sedative

Published by
The Focus

A content creator urged her followers to heed advice from doctors after she ignored hers and took Zolpidem while using her phone. In 2024, most of us are shamefully glued to our technology, whether that be the latest iPhone or the growing allure of artificial intelligence. While we know of the negative health effects of extended phone use, that doesn’t stop us from binging TikTok videos for six hours a day. Hopefully, this cautionary tale from Jae (@jaeadler) will turn that corner for you. Why can’t you use your phone while taking Zolpidem?On Wednesday, Jae took to TikTok where she issued a ca… Read More “Woman shocks followers after ignoring Doctor’s orders when taking Zolpidem sedative”

Wall Street Jumps Back To Record Highs, Dow Hits 40,000 As Inflation Fears Recede, Meme Stock Frenzy Returns: This Week In The Market

Published by
Benzinga

Major market indexes rallied back to record highs during the week, marking the fourth consecutive week of gains. This surge was buoyed by inflation data that was broadly in line with expectations, easing concerns from the first quarter about resuming price pressures and bolstering investor expectations for potential interest rate cuts. In April, the Consumer Price Index (CPI) increased by 3.4% compared to the same month last year, down slightly from March’s 3.5% annual rate and matching estimates. The Dow Jones Industrial Average reached the 40,000 mark on Thursday, pushing its bull market ral… Read More “Wall Street Jumps Back To Record Highs, Dow Hits 40,000 As Inflation Fears Recede, Meme Stock Frenzy Returns: This Week In The Market”

Luke Combs Comments on the Use of A.I. in New Randy Travis Song

Published by
Taste of Country

There has been a lot of chatter back and forth about the newly released Randy Travis song, “Where That Came From.” Whether or not it’s good for country music, or it can cause more harm than good. Now, Luke Combs is commenting about the use of A.I. to create the new track. The song makes use of artificial intelligence, as Travis can no longer sing or speak clearly after a stroke in 2013. In speaking with Combs, I asked him his thoughts on the use of A.I. in country music, in general, and his thoughts it specifically being utilized for the new Travis song. The singer said, “I think that’s the be… Read More “Luke Combs Comments on the Use of A.I. in New Randy Travis Song”

Dow closes above 40,000 for 1st time on hope for stable U.S. economy

Published by
Kyodo News

The U.S. Dow stock index finished above 40,000 for the first time on Friday as hope continued that the U.S. economy will remain stable and the country’s central bank could begin cutting the key interest rate in the fall. The 30-issue Dow Jones Industrial Average gained 134.21 points, or 0.34 percent, to close at 40,003.59. A day earlier, it briefly topped the 40,000 threshold for the first time to mark an intraday high of 40,051.05, but closed below the line. Buying gathered steam on Friday as recent government data, which signaled slowing inflation and normalization in the labor market, appar… Read More “Dow closes above 40,000 for 1st time on hope for stable U.S. economy”

OpenAI team devoted to future risks left leaderless

Published by
AFP

San Francisco (AFP) – An OpenAI team devoted to mitigating the long-term dangers of super-smart computers was leaderless on Friday after two high-profile figures left the company. OpenAI co-founder Ilya Sutskever and “superalignment” team co-leader Jan Leike announced their departures from the ChatGPT-maker this week, and US media reported that remaining members of the group have either left or been reassigned to other parts of the San Francisco-based company. The apparent dismantling of an OpenAI team focused on keeping sophisticated artificial intelligence under control comes as such technol… Read More “OpenAI team devoted to future risks left leaderless”

3 Tobacco Stocks Worth Watching Amid Industry Challenges

Published by
Benzinga

The Zacks Tobacco industry players have been witnessing soft cigarette sales volumes due to inflation, changing consumer habits, and stringent regulations. Increased costs of essential materials further raise concerns for profit margins.While investments in smoke-free products come at the cost of margins, they have been driving revenues of tobacco companies, given consumers’ growing health consciousness. Pricing power has also been working well. These upsides keep Philip Morris International Inc. (NYSE: PM), Altria Group, Inc. (NYSE: MO) and British American Tobacco p.l.c. (NYSE: BTI) well pos… Read More “3 Tobacco Stocks Worth Watching Amid Industry Challenges”