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Vice preparing to file for bankruptcy: reports
Beleaguered digital-media company Vice Media is preparing to file bankruptcy, the New York Times and Wall Street Journal reported late Monday. Citing two sources with knowledge of Vice’s operations, the Times reported a bankruptcy filing could happen in the coming weeks, adding that the company is also seeking a buyer…
IBM expects to pause hiring for thousands of jobs that can be done by AI: report
The CEO of International Business Machines Corp. expects to pause the hiring of thousands of people for positions that could be replaced by artificial intelligence in the coming years, according to a new report. Bloomberg News reported Monday that Chief Executive Arvind Krishna said in an interview that hiring will…
Students are turning to ChatGPT for study help, and Chegg stock plummets more than 30%
Chegg Inc. shares plunged 37.5% in after-hours trading Monday and were headed toward their lowest price since 2017, after the online-education company’s forecast called for an unexpected revenue decline as students begin to use ChatGPT. Chegg CHGG reported first-quarter earnings of $2.2 million, or 2 cents a share, on net…
Arista Networks stock falls as ‘cloud titan’ demand from Microsoft, Meta expected to moderate
Arista Networks Inc. shares slipped further in the extended session Monday after the cloud-network company’s said one of its biggest growth drivers could slow down after reporting that quarterly results and outlook both topped Wall Street estimates. Arista ANET shares fell 7% after hours, following a flat day in the…
ALGT Stock Price | Allegiant Travel Co. Stock Quote (U.S.: Nasdaq)
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The Chevy Bolt will be gone soon. Good luck finding an EV for less than $30,000
The end of the line for General Motors Co.’s Chevy Bolt underscores how hard it is for auto makers to make money out of electric vehicles despite soaring new-vehicle prices and as several makers throw all their weight on a full transition to EVs. General Motors GM earlier this week…
This couple searched for a home outside the Bay Area for under $1 million. But she got called back to the office. Here’s what they did next.
Growing up in the San Francisco Bay Area, one of the most expensive housing markets in the U.S., tech worker Ramya Jagarlamudi knew the high bar he had to meet to own a home. During the pandemic, he got married and began looking for a new home. At first, the…
More ‘buy now pay later’ users are seeing their credit scores drop after they miss payments. But are these two things really connected?
“Buy now, pay later” is a popular payment method for younger consumers, but a growing share of BNPL users appear to be suffering negative consequences, including lower credit scores. Some 24% of buy now, pay later users said their credit scores declined in February “as a result of a missed…
Amazon made earnings look better
Wall Street analysts expected the first quarter to be bad, as investors continue to bite their nails over the prospect of a recession, but after a tidal wave of quarterly financial results from corporate America last week, led by online retail behemoth Amazon.com Inc., there are signs of a little…