Investors seeking opportunities in the artificial intelligence (AI) sector have a plethora of options, with companies integrating AI solutions into their operations. While “pure plays” might be limited, some companies with deeply embedded AI solutions offer substantial investment potential. Three standout AI stocks for consideration this January are Super Micro Computer (NASDAQ: SMCI), Taiwan Semiconductor…
In a recent development, US prosecutors have informed a New York federal court that they will not pursue a second trial against Sam Bankman-Fried, the fallen founder of crypto exchange FTX. Bankman-Fried had already been found guilty in November on seven counts of fraud and conspiracy linked to the collapse of FTX. Originally set for…
Ride-hailing giant Uber is set to make waves on Wall Street as it joins the prestigious S&P 500, reaching a new 52-week high last week in anticipation of its debut in Monday trading. Uber’s inclusion in the S&P 500, announced by S&P Dow Jones Indices on December 4, reflects the company’s remarkable turnaround under CEO…
General Motors (GM) is set to cut approximately 1,300 jobs across two of its Michigan plants, the Orion Assembly and Lansing Grand River Assembly, according to WARN notices filed with state regulators. The job reductions, scheduled for the new year, follow GM’s October announcement of delaying the production of electric pickup trucks until 2025. The…
In an extraordinary stroke of luck, Wayne Murray has emerged victorious in the New York Lottery’s 200X scratch-off game, securing a $10 million jackpot for the second time. This incredible win comes just 16 months after his initial triumph in the Black Titanium scratch-off game. Murray, opting for a lump sum payment, will take home…
In a significant move within the aviation industry, Alaska Air (ALK) disclosed on Sunday its plans to acquire Hawaiian Airlines (HA) for a substantial $1.9 billion. The acquisition, resulting from several months of negotiations, includes the absorption of $900 million in Hawaiian Airlines debt. Alaska Airlines CEO Ben Minicucci expressed enthusiasm about the deal during…
Saudi Arabia’s Public Investment Fund (PIF) has reached an agreement to purchase a 10% stake in Heathrow Airport from Spanish infrastructure company Ferrovial. Additionally, France-based private equity fund Ardian will acquire another 15% in Heathrow’s parent company, FGP Topco. Ferrovial, which has held a stake in Heathrow since 2006, revealed that the deal’s total value…
Italian law enforcement has seized approximately €779 million (equivalent to $836 million) from Airbnb for purportedly unpaid taxes. This action was initiated after prosecutors in Milan accused the home-sharing giant of failing to remit a 21 percent withholding tax on rental revenue amounting to €3.7 billion ($3.95 billion). Under Italian law, landlords are obligated to…
A recent report by Nairametrics has uncovered a staggering increase in fraudulent activities targeting financial technology institutions, with more than ₦5 billion reportedly stolen within an eight-month period. This surge in fraudulent incidents has been largely attributed to a rise in insider involvement, posing a substantial challenge for these companies in securing their systems effectively….
Meta, the parent company of Facebook, exceeded expectations on Wall Street as it reported impressive earnings for the third quarter of 2023. The success comes as Meta’s “year of efficiency” strategy continues to deliver strong results, and it’s reported that the company has largely completed the cost-cutting measures put in place in response to a…
