Editor

U.S. stocks were mixed toward the end of trading, with the Dow Jones trading slightly lower on Friday. The Dow traded down 0.05% to 34,052.86 while the NASDAQ rose 0.34% to 13,269.58. The S&P 500 also rose, gaining, 0.13% to 4,335.45. Check This Out: McDonald’s, Halliburton And 2 Other Stocks Insiders Are Selling   Leading and Lagging Sectors Information technology shares rose by 0.7% on Friday. In trading on Friday, consumer discretionary shares fell by … Read more…

JPMorgan Chase & Co (NYSE:JPM) CEO Jamie Dimon visited Detroit on Wednesday to mark the 10 years since JP Morgan’s $200-million investment in the city. Dimon spoke at the Detroit Economic Club about the company’s efforts in the city, general economic trends and geopolitical risks, including the ongoing war in Ukraine. He also pointed out that plenty of risks could get in the way of a bull market in the next few years.  Dimon On China: Dimon … Read more…

The era of artificial intelligence is upon us, and Chinese e-commerce sellers are making extensive use of it to sell their products with 24/7 livestreams, straight out of a dystopian sci-fi movie. What Happened: Chinese e-commerce sellers are leveraging AI to generate commercials using deepfakes of influencers and then streaming them 24/7. What makes it even more interesting is that it costs very little, both in terms of money as well as time, to generate … Read more…

The U.S. National Highway Traffic Safety Administration (NHTSA) has initiated an investigation into approximately 241,000 Ford Motor Co‘s (NYSE:F) EcoSport vehicles due to reported engine failures. What Happened: This decision comes after the Office of Defects Investigation received 95 complaints from drivers. According to these complaints, drivers experienced a warning light indicating low engine oil pressure, followed by a complete or partial loss of engine power in the model year 2018-2021 EcoSport vehicles. The suspected cause is a … Read more…

Bond yields have been surging of late amid expectations that the Federal Reserve will continue to raise interest rates in the wake of stubbornly elevated inflation and strong economic data. Hedge fund manager Bill Ackman weighed in on surging Treasury yields in a post on X. What Happened: Ackman, the founder of Pershing Square, said his firm remained short on bonds, especially the 30-year bonds, through the ownership of “swaptions.” A swaption is an option … Read more…

Since Microsoft Corp.‘s (NASDAQ:MSFT) Starfield was released in paid early access form on Sept. 1, the game has achieved more than 10 million players, making it Bethesda’s biggest launch ever. The news was announced by Bethesda’s official account on X (formerly known as Twitter), saying: “Thank you to more than 10 million #Starfield explorers for creating the biggest launch in Bethesda history.” Thank you to more than 10 million #Starfield explorers for creating the biggest launch in Bethesda history. … Read more…