Nvidia stock tests record highs as Wall Street defends chipmaker’s valuation amid ‘AI arms race’
Nvidia stock jumped more than 3% on Monday to near-record highs as investor excitement around the chipmaker’s upcoming Blackwell GPU product cycle grows. Shares of Nvidia hit an intra-day high of $139.41, less than 1% below the all-time high price of $140.76, which was reached in mid-June. The stock is trading at a forward price-to-earnings…
Meta’s head of Threads shares advice about how and when to post — as the debate swirls around engagement bait
Meta executives don’t want to “encourage” news on Threads, but this weekend proved it can thrive there. Meta has been taking heat for engagement-bait posts on Threads, but the company is sticking by comments — and the idea of posts that “drive conversation” — as a way to decide what should get recommended. If you…
Media mogul Barry Diller slams fellow billionaires who back Trump for economic reasons: they ‘don’t need another nickel’
John Paulson and Alina de Almeida with Melania and Donald Trump in April. Barry Diller criticized other ultrawealthy Americans for backing former president Donald Trump for economic reasons when they don’t need any more money. Diller, the billionaire chairman of Expedia and InterActiveCorp, told the “Fire and Fury” podcast that longtime residents of New York…
Goldman Sachs raises China growth outlook on optimism over Beijing’s fresh push to revive struggling economy
Skyscrapers in Beijing. China may not fall too short of its growth targets this year after all, Goldman Sachs analysts said. The analysts upgraded their 2024 forecast for China’s GDP from 4.7% to 4.9% after officials in Beijing pledged a new round of stimulus measures. That’s just shy of Beijing’s goal of 5% economic growth.…
Ex-Microsoft CEO Steve Ballmer can’t stop talking about the bathrooms at his new $2 billion sports stadium
LA Clippers owner Steve Ballmer is still talking about the many bathrooms at the newly opened Intuit Dome arena. The Intuit Dome — the new home of the LA Clippers — opened two months ago, and team owner Steve Ballmer is particularly proud of the bathrooms. The $2 billion stadium boasts over 1,400 toilets and…
I quit Amazon after being assigned 21 direct reports and burning out. I worry about the decision to flatten its hierarchy.
Yvonne Lee-Hawkins says she felt disappointed she couldn’t give her direct reports more individual support. This as-told-to essay is based on a conversation with Yvonne Lee-Hawkins, a 45-year-old burnout coach in Auburn, Washington, about her experience as a manager at Amazon. It’s been edited for length and clarity. I worked at Amazon in the HR…
Billionaire Barry Diller thinks Elon Musk has a ‘form of megalomania’ and is backing Trump after being rejected by Biden
Barry Diller shared his thoughts about Elon Musk on a new podcast episode. Barry Diller thinks Elon Musk is backing Donald Trump because he’s bitter about being rejected by the Democrats, the billionaire told the “Fire and Fury” podcast. Musk officially endorsed Trump after the former President was shot at a rally in Pennsylvania in…
Job seekers are getting increasingly bold by ‘cheating’ in interviews — and AI is making it worse
Job postings attract a lot of applicants in this economy — but experts say there need to be some rules of the road when it comes to using AI and other new technology. The interviewer asks you a question. You start reading a response generated by artificial intelligence from the side of your screen —…
Big 4 giant EY delayed start dates for some new hires for the 2nd consecutive year
EY has told some new hires that they’ll be joining the company later than planned. The accounting and consultancy giant EY has delayed the start of jobs for some of its new hires amid an industry slowdown. The Financial Times reported on Sunday that around 200 US recruits due to join EY-Parthenon, the firm’s strategy…
