peshkov Goldman Sachs’ Tony Pasquariello said stocks have had an “exceedingly good run” but investors should be mindful of building risks. The global head of hedge fund client coverage at Goldman Sachs in a Friday note recounted strong gains for stocks. A “weapon of choice” basket of mega-cap tech stocksContinue Reading
imaginima/E+ via Getty Images Total active rigs drilling for oil and gas in the U.S. fell by another 7 to 581, the rig count’s fourth consecutive weekly decline and eighth loss in the past 10 weeks, Baker Hughes reported Friday. Drilling rigs targeting crude oil in the U.S. dropped 6Continue Reading
hapabapa OpenAI, the generative artificial intelligence startup backed by Microsoft (NASDAQ:MSFT), announced a content deal with news outlet Time to use its 101-year-old archive to train the former’s AI models. As part of the deal, which terms were not disclosed, OpenAI gets access to current and historic content from Time’sContinue Reading
straga/iStock via Getty Images The European Union adopted a new package of sanctions on Russia over the war in Ukraine on Monday, which for the first time includes measures seeking to limit Russia’s ability to ship liquefied natural gas throughout the world. The measures will ban Russian LNG from beingContinue Reading
In an attempt to bypass New York City minimum wage rules, Uber (NYSE:UBER) is locking out drivers during non-peak hours, causing drivers to rack up fewer hours and less pay, Bloomberg reported on Monday. Uber (UBER) says the action stems from a six-year-old rule in New York which requires ride-sharingContinue Reading
