Meta is making big moves in AI, but not just for science. They're reshaping their AI teams to focus on "superintelligence. " But why? It's not just about creating super-smart AI. It's about keeping people hooked on their apps and showing more ads. Leading this charge is Alexandr Wang, Meta's new chief AI officer. He's bringing in top talent, some with huge pay packa...
Japan's stock market had a thrilling day recently. Shares in many companies skyrocketed. Why? Because Toyota, the giant carmaker, announced a massive plan. They want to take their parts-making subsidiary, Toyota Industries, private. This move could be worth a staggering 42 billion dollars. It's a huge deal, and it's got everyone talking. Akio Toyoda, the grandson of...
The stock market had a wild ride recently. It was a rollercoaster of ups and downs. It all started with worries about tariffs. These are extra fees on goods coming into a country. The US president had announced these tariffs. People were concerned about how these tariffs might affect the global economy. They feared it could slow down economic growth. The day be...
The stock market in the US had a wild ride on Monday. This happened after President Trump's tariffs on imports kicked in. These tariffs are a 10% tax on goods coming into the country. The market opened with a big drop. At one point, the S&P 500 fell into what's called a bear market. This means it dropped 20% from its highest point recently. This is a big deal because...
Turkey is trying to stabilize its economy after a political storm. The arrest of a popular opposition leader sparked massive protests and a financial shakeup. The country's finance minister and central bank governor held a conference call with international investors. They aimed to reassure them that Turkey is committed to its economic recovery plan. One investor not...
Trump's recent threats of steep tariffs against Canada sent shockwaves through the market on Tuesday. Investors were left in a state of confusion. Stocks initially dropped sharply before recovering some losses by the end of the day. The S&P 500 index hit a low point, falling 1. 5 percent before closing 0. 8 percent lower. This recent downturn has left the S&P 500...
On Tuesday, the stock market took a hit. Investors were left scratching their heads over President Trump's latest tariff threats. This time, Canada was in the crosshairs. The S&P 500 index dipped almost 1 percent, adding to Monday's losses, which was the worst day of the year so far. The tech-focused Nasdaq Composite index was all over the place, trying to recover fr...
This morning, AMC Entertainment's stock took a 7% nosedive in early trading. The cause? The movie theater giant announced plans to sell up to 50, 000 shares. The company aims to beef up its financial standing and invest in enhancements, such as better seating and screens. CEO Adam Aron's "GO Plan" is the motivation behind this move, with funds also earmarked for debt...
China recently poured half a trillion dollars into its struggling property sector. Experts, however, aren’t convinced this is enough to turn things around. The move comes after a summer of poor economic data, raising fears that China might miss its growth target. Leader Xi Jinping finally rolled out a stimulus package, mainly focusing on monetary measures. Economist...